Sending money to friends. Paying someone back. Buying a ticket to a local event. <\/p>\n\n\n\n
Interac e-Transfer is an easy and fast way to send and receive money<\/a>. That means less time managing your money, and more time doing the things you want in life. <\/p>\n\n\n\n Here we take a look at 20 super-efficient ways to use Interac e-Transfer.<\/p>\n\n\n\n <\/p>\n\n\n\n Weddings, graduations, baby showers, birthdays: No matter the reason, Interac e-Transfer makes it easy to split the cost of gifts among family and friends.<\/p>\n <\/p>\n Plus, it turns out you get more than you give \u2014 at least when it comes to gifts.\u00a0A behavioural science experiment<\/a> from Interac revealed that buying gifts for others boosts our own feelings of happiness and excitement, thanks to a pleasant dose of serotonin.<\/p>\n<\/div><\/li> Working as a tutor for your university classmates? Babysitting<\/a> for friends of the family? Maybe you\u2019ve started your own business<\/a> offering professional services like photography or writing \u2026<\/p>\n <\/p>\n However you\u2019re making money on the side, Interac e-Transfer is a convenient way to receive payments<\/a> and keep track of your invoices. It helps you avoid all sorts of hassles and problems that happen when you\u2019re accepting cheques<\/a> or cash.<\/p>\n<\/div><\/li> Imagine this: You\u2019ve seen the perfect new table online. You check it out in person so you can make sure it looks just as good IRL. When you meet the seller, they agree to your price. The only catch? You don\u2019t have time to go and get cash. Cue Interac e-Transfer.<\/p>\n <\/p>\n Interac e-Transfer is also a convenient way to take payment when you\u2019re selling<\/em> something online (if you\u2019re buying a new table, you might have to sell the old one to make room, right?).<\/p>\n <\/p>\n Whichever side of the transaction you\u2019re on, check out our guide to buying and selling via online marketplaces<\/a> for tips that\u2019ll help you make transactions conveniently and securely using Interac e-Transfer.<\/p>\n<\/div><\/li> Your best friend is coming over for dinner. While cleaning up, you realize you\u2019re out of dishwasher pods. You text them to pick some up on the way. Within minutes, you\u2019ve paid them back using Interac e-Transfer.<\/p>\n <\/p>\n If the favour happens the other way around and you\u2019re the person who ran the errand, you can use Interac e-Transfer Request Money<\/a> to let them know how much to pay you back (and in a way that takes away the awkwardness of asking). Request Money is an enhanced feature of Interac e-Transfer that allows you to send an email request that includes all the payment info; the recipient can follow the instructions to easily send you money that\u2019ll go right to your account.<\/p>\n<\/div><\/li> No more fees for ordering cheques, or spending time writing them out! Use Interac e-Transfer to easily send money to your landlord. Have trouble remembering each month? Try setting a reminder in your phone, or set up recurring Interac e-Transfer payments if your bank offers that feature.<\/p>\n <\/p>\n If you\u2019re a landlord yourself, why not encourage tenants to pay using Interac e-Transfer? It\u2019ll save you the hassle of depositing their cheques. With Interac e-Transfer, you\u2019ll also get your money in near-real time instead of waiting days for cheques to clear. (We have a whole report on how Interac e-Transfer can help landlords save costs and work more efficiently<\/a>).<\/p>\n<\/div><\/li> People have been using Interac e-Transfer to pay businesses more often \u2014 payments involving a business account for nearly a quarter<\/a> of transactions. Maybe the person or business you\u2019re paying is also using Interac e-Transfer to make their transactions more convenient, so ask if they accept it. For example, you could send payment to an appliance installer just minutes after they\u2019ve finished hooking up your new washer and dryer.<\/p>\n <\/p>\n Paying a business is like paying a friend: You\u2019ll need to know what email address or phone number you should use.<\/p>\n<\/div><\/li> Why not dedicate some of your budget to supporting causes important to you? Many local charities can quickly and easily receive donations via Interac e-Transfer. Your funds will be available almost immediately to those who need them.<\/p>\n<\/div><\/li> While you\u2019re having a chat with a loved one, they tell you they\u2019re going through a tough time financially. Before they even ask, you\u2019ve sent them an Interac e-Transfer to help out. It can be a more discreet or less awkward way to give people money for any reason, compared with cash or cheques.<\/p>\n<\/div><\/li> Finally turned your talent for making things into an income stream? Use Interac e-Transfer Autodeposit<\/a> to receive quick payments from your new customers. Money will be deposited straight into your account, no security question required. Take a look at how to set it up here<\/a>.<\/p>\n<\/div><\/li>\n
1. Use Interac e-Transfer to split the cost of gifts<\/h6><\/a>
2. Collect payments in a hassle-free way from your side business’s customers<\/h6><\/a>
3. Use Interac e-Transfer when buying something from an online marketplace<\/h6><\/a>
4. Pay friend back for running an errand for you<\/h6><\/a>
5. Use Interac e-Transfer to pay your rent (it’s easier than a cheque)<\/h6><\/a>
6. Use Interac e-Transfer to pay a business for a service or product<\/h6><\/a>
7. Make (or receive) charitable donations<\/h6><\/a>
8. Use Interac e-Transfer to financially help out a friend or loved one<\/h6><\/a>
9. Use Interac e-Transfer Autodeposit to collect customer payments easily<\/h6><\/a>
10. Share the costs when planning a group activity – like concert tickets<\/h6><\/a>