We have Interac e-mail and SMS transfers in Canada.
No need to give out bank details. Just give someone your e-mail or phone number and they can send you money via their bank app. They don't even need to know which bank you use.
No need to give out bank details. Just give someone your e-mail or phone number and they can send you money via their bank app. They don't even need to know which bank you use.
I want to send money or request money from someone?
1. Ask for their info (e-mail or phone number)
2. Login to my banking service (web or app)
3. Create a new contact with 1.
4. If they did not setup auto-deposit: setup a security question
5. Send/Request money (+ security question, if needed)
6. Wait few seconds~minutes for an email/SMS
7. If you did not setup auto-deposit: Click on link provided to open 2.
But perhaps we have a different level of tolerance. For me, it's convenient.
ps. Don't get me started about figuring out how to send automated payments and if you're lucky enough to find a bank that has a broken API to this.