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<body class='hmmessage'><div dir='ltr'>How many transactions per month are we talking about? I see Zennon's point that for smaller amounts, one signature might be ok as long as there is built-in scrutiny of monthly statements, though I would probably lean to anything over $500 requiring two signatures. <br>Laura<br><br><div><hr id="stopSpelling">Date: Wed, 30 Jul 2014 08:28:43 -0500<br>From: zengagne@gmail.com<br>To: finance@lists.bikewinnipeg.ca<br>Subject: Re: [Finance] e-Transfer for ACU account<br><br><div dir="ltr">What is the current signing limits/restrictions? Is it just 2 signatures regardless of dollar amount? I suggest maybe just having one signature for items under $800-1000 (Bill only) and two for anything over that. We will be able to look at the statement for all cheques wrote either way. I dont think there is much risk in the above.<div>
<br></div><div>Zennon</div></div><div class="ecxgmail_extra"><br><br><div class="ecxgmail_quote">On Fri, Jul 25, 2014 at 8:55 PM, Bill <span dir="ltr"><<a href="mailto:treasurer@bikewinnipeg.ca" target="_blank">treasurer@bikewinnipeg.ca</a>></span> wrote:<br>
<blockquote class="ecxgmail_quote" style="border-left:1px #ccc solid;padding-left:1ex;">
<div>
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.<br>
<br>
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. <br>
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. <br>
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. <br>
<br>
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. <br><span class="ecxHOEnZb"><font color="#888888">
<br>
--Bill<br>
<br>
</font></span></div>
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