[Finance] e-Transfer for ACU account
Bill
treasurer at bikewinnipeg.ca
Fri Jul 25 18:55:50 PDT 2014
I am proposing that we enable Interac eTransfer on our Assiniboine
Credit Union account. This will allow us to make payments directly to
Cima Coppi and other vendors who prefer eTransfer and find PayPal too
expensive. This could also be used to pay our staff.
Simple transfers are not presently available for our account since
it requires two signatures. However, ACU offers Online Business Banking
which allows one of us to submit an eTransfer which will be forwarded to
a second authorized signer and then to the payee. That's my
understanding of how it works.
It requires that each authorized signer has an online banking id
and password. However, any two of us could make this work so if you'd
rather not participate you don't have to.
eTransfers cost $1.50. The cheque forms we are using plus postage
cost .59 plus .85 = $1.44 (plus envelope) so the costs are the same.
The attached letter will be sufficient to request this service. If
you have a digitized copy of your signature you can add it to the letter
and pass it on.
--Bill
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