Tips for Canadians Studying in the US or Abroad
When you’re applying for a loan or purchasing a financial product, an important factor to consider is your bank’s prime rate. Those who are looking to make a big financial investment, such as purchasing a car or a new home, should be aware of how much interest they’ll be charged before going ahead with their […]
When the time comes to make a large financial investment, such as purchasing a vehicle or a piece of property, many consumers will request a bank draft from their bank instead of paying with a cheque or another similar method. This method of payment is considered to be more reliable for certain situations, as there’s […]
Today, many consumers hold multiple bank accounts at different financial institutions. This allows them to keep track of certain payments separately, which can help to ensure that they have the right amount of money set aside for specific transactions. This is particularly common for individuals who own small businesses or are self-employed, as they can […]
Many employers and merchants will request that you get a void cheque for various reasons. For instance, you may need a void cheque to set up a direct deposit account or to include it in your employment record at work. These cheques help verify your identity so you can complete bank withdrawals, automatic deposits, and […]
Using e-transfer is a great way to send money back and forth with family and friends, as it’s a quick, easy method that only takes a few minutes to complete. However, what do you do if you accidentally send the wrong amount of money, enter the wrong email address, or have another similar issue? In […]
One of the main advantages of banking in Canada is the ability to send e-transfers from one bank account to another without requiring the use of third-party apps. Usually, e-transfer doesn’t take too long to process, though each bank will have its own individual transfer time. If you are sending or receiving an e-transfer from […]
Interac e-transfer is a great, convenient way of sending money back and forth to friends and family and can be used as a form of payment when purchasing goods and services. With e-transfer, money exits and deposits into bank accounts instantaneously, and it is a great alternative to paying with cash or cheque. However, one […]
If you’re planning on purchasing a home, you’re likely looking into the mortgage rates offered at different institutions to ensure you’re receiving the best deal available. That said, HSBC boasts one of the lowest mortgage rates currently offered in Canada, which is very appealing to new homeowners looking to save money. Of course, that begs […]
For individuals looking to purchase a home or who need to take out a loan, the prime rate for their bank is something they need to take into consideration before going ahead with their plans. If you’re a CIBC customer and you’re in a similar situation, you may wonder: what is the prime rate at […]
Auto deposit can be very convenient for sending money to friends and family, switching money between bank accounts, and making payments on bills and services. However, if you have a Scotiabank account and are new to using online money transfer methods, you may wonder: does Scotiabank support auto deposit, and if so, how can I […]
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