Using Local Bank Services
R Davies of Soft Serve Direct: Like many of you here in Magrath, I try to support both local banks. Since I do my best work at times that the sun is not yet up or out, online banking has been my method of choice for paying bills, moving money around, and monitoring balances. One long-standing annoyance for me has been that there seemed to be no way to send money BETWEEN the bank accounts I own in these different banking institutions using just online services. That meant I had to write a check to myself and walk it down the street to deposit it in order to transfer money between these accounts .. if I have time and remember to do it. A better solution? the new Interac e-Transfer service is now supported by both 1st Choice and ATB Financial. Basically, it costs $1.50 to send an Interac e-Transfer, but with some accounts (eg ATB Unlimited, Students First or Generation accounts) you get two free Interac e-Transfers each month. Perfect for me! I can now have my paycheck(s) deposited in one bank and then transfer the funds I need to the other bank by simply sending an e-Transfer by email to myself .. or to whoever you want/need to send money to ..
One glitch so far: Although the e-Transfer system is supposed to eventually work with their online 'ATB Online Business' website, it is not yet implemented there. Sue at ATB did some digging for me and discovered a workaround .. using their non-business 'ATB Online' website I can access my personal accounts and use the e-Transfer system, after I have moved my funds between my business and personal accounts in the 'ATB Online Business' website. Just a bit awkward, but still it does work.
Anyone else doing this?
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