Asking people to pay you back doesn’t have to be stressful. Maybe your best friend has completely forgotten she owes you for brunch, or a few people on your social volleyball team haven’t pitched in their share — and the first game is in a couple of days.
Whatever it is, Interac e-Transfer Request Money makes the process easy and hassle-free.
Here we break down three reasons why Interac e-Transfer Request Money is a feature you should be using right now, plus we’ll briefly outline the practical steps behind setting it up so you can see just how easy it is.
1. The awkward factor: No one likes asking for money
We’ve all been there, wondering what’s the best way to bring it up when someone owes you money. Some of us shoot straight with a phone call, others carefully craft a politely worded text that ends with a smiley face (the one showing teeth). Either way, it’s definitely easier if you can automate the process. Everyone hates having those awkward “you owe me money” conversations.
2. Save yourself time: There’s no faster way to get paid
Getting yourself paid isn’t just easy, it’s quick when you use Interac e-Transfer Request Money. In a matter of minutes and with just a few simple clicks, you’ll have a request sent out to whoever owes you — and they’ll be able to easily pay you from their debit account. Now that’s one serious efficiency hack.
3. Easy to manage multiple payments
Whether you’re a small business owner like this café in Toronto accepting contactless payments, or you’re just trying to organize a group present, Interac e-Transfer Request Money will simplify your life. You’ll be better able to manage your personal budget as it can help you remember who has paid you back and who hasn’t. It also means no more keeping track of everyone’s security questions and answers. The money transfer you receive is always deposited automatically into your account.
How to use Interac e-Transfer Request Money
This feature was designed to be as fast and easy as possible. In just a couple of quick steps, your request will be sent off to whoever owes you money. It works almost the same as Interac e-Transfer, but instead of adding the recipient, you input the sender information. Here’s how it works:
- Start by opening your online banking or mobile app.
- Find the Request Money feature. Fill out all the fields requested. And that’s it.
For those with friends or family who might be extra forgetful, the feature also lets you send follow-up reminders if needed.
And for those who want to be ultra-efficient with all their transactions, be sure to set up another feature called Interac e-Transfer Autodeposit. That way any time you receive money (not just through Interac e-Transfer Request Money) the money will also go straight into your account — no security question required. Join the more than 10 million Canadians who have already signed up to have money automatically deposited into their accounts whenever they receive money via Interac e-Transfer. Whether you’re sending or requesting money, Interac is here to make your life a little easier.