Did you know that you don’t actually have to go to the bank to deposit a cheque? In the last decade, online banking has come a long way. And in recent years, banks have added a new option that allows you to deposit your cheque directly online – you don’t even have to leave the …
It’s another head-to-head between two of Canada’s largest and finest financial institutions – CIBC and RBC. CIBC results from the merger between The Canadian Bank of Commerce and the Imperial Bank of Canada on June 1, 1961. With an asset total of C$769 billion in 2020, 11 million customers, and almost 44,000 employees, CIBC is …
There are lots of reasons that you might need to know your bank account number. Most commonly, employers will need your account number for direct deposit. Other situations that might require direct deposit, like tax returns, may also need your bank account number. In some cases, you may even need it if someone wants to …
When you need to send or receive money quickly, safely, and efficiently, sometimes things like a cheque simply won’t do. That’s where a bank transfer comes into play. Bank transfers are very popular among Canadians. A bank transfer sometimes referred to as a wire transfer, is when you send money from one bank account to …
One of the few financial institutions in Canada providing specialized banking products and services is the Street Capital Bank of Canada now known as RFA bank of Canada. Operating as part of the Banks and Credit Unions industry, Street Capital Bank of Canada got recognition as one of Canada’s largest broker-channel sourced residential mortgage lenders. …
While some people may know it as a current balance, others know it as an outstanding balance. Whichever one you decide to call it, it means the same thing. It represents the sum of all unpaid credit card balances within a billing cycle. Some of the transactions that make up the outstanding balance include cash …
The cardholder’s personal information is stored on the microchip or magnetic stripe of a credit or debit card. The account number, card expiration date, name, and card validation code of the cardholder are all stored on the card. A cardholder and primary account owner can give access to other individuals as authorized users. Once you’re …
A bank number is also known as a bank code. It is a special number possessed by different bank institutions for transaction purposes. A bank code is usually given by the Central banks of a country to all the banks under its supervision as a means to identify the different bank institutions. In Canada, a …
Interac e-Transfer is widely popular in Canada and can be received via a mobile banking app, online banking, email or SMS text message. However, despite its popularity, newbies or people who are not tech-savvy might find the process of receiving an e-Transfer a little confusing. With the ease at which digitalization has brought to all sectors, …
Most people get confused trying to decide between Visa and MasterCard due to their striking similarities. Yet, their differences are what make them stand out. Credit cards are a household item in Canada as it has gradually grown to become one of the most beneficial contributors towards financial health. Since there are tons of credit …
Canada Buzz is a purely informational blog. Opinions expressed on this blog are NOT endorsed by the reviewed brands. The information provided on this website does not constitute financial or professional advice. However, our team strives to bring you quality, unbiased information. What’s in it for us? One of the ways we get rewarded is via ads and affiliates. This website contains ads and affiliate links and we may receive compensation when you click any of these links.
