Which banks allow online transfers between customers?
I know that RBC does. It's quick and easy, just specify the name and account number of the other customer. It's remembered as a future transfer destination. Transfers are instant. http://www.rbcroyalbank.com/products/de ... yment.html
TD apparently allows this as well. You can set up a "Personal Payee" as a type of bill payment. But you have to set it up on the phone, and the transfers take a couple of days, just like a bill payment. http://td.intelliresponse.com/easyweb/? ... question=.
Update: TD Customer Service told me that the amount is unlimited, but someone else just tried it and TD told them there's a secret limit of $5000 per day on web payments to Personal Payees.
ING does not have any ability to do direct transfers between customers (I asked them very recently). They allow email money transfers for small amounts, and those are instant between two ING accounts.
How about BMO? They don't to my knowledge, unless they have something recent. Does anyone know?
Update: They said No, not yet. Only Interac email transfers up to $3000 at the moment. But a teller may be able to do it in person at the bank.
TD apparently allows this as well. You can set up a "Personal Payee" as a type of bill payment. But you have to set it up on the phone, and the transfers take a couple of days, just like a bill payment. http://td.intelliresponse.com/easyweb/? ... question=.
Update: TD Customer Service told me that the amount is unlimited, but someone else just tried it and TD told them there's a secret limit of $5000 per day on web payments to Personal Payees.
ING does not have any ability to do direct transfers between customers (I asked them very recently). They allow email money transfers for small amounts, and those are instant between two ING accounts.
How about BMO? They don't to my knowledge, unless they have something recent. Does anyone know?
Update: They said No, not yet. Only Interac email transfers up to $3000 at the moment. But a teller may be able to do it in person at the bank.