When the transaction amount is higher than the standard rate, some people would have the cheque. And in other places, the use of cheques is rare. But in Canadian banks, if you want to buy a cheque, the customer should pay 50 dollars for each cheque. And in many places, there must be available cheques in Canada. In that case, you should pay for the cheque to make transactions. Or else by the option, you can make transactions through the internet. If the person has a sufficient email id, he is capable of transferring money online. Like the tangerine bank canada online process is easy to handle by every customer.
In India, only by the account number or else using the IFSC code can people send or else receive money. But in Canada, only with the help of their mail id and their receiver’s mail id, the process will be completed. Here the security is like while sending the receiver would answer the security question sent by the sender. Only when the answer is correct only that they receive the amount in their wallet. If the answer is given wrong for more than a limited time, the cash will resend to the sender. Always be careful while transferring.
Before online banking, if a person wants to go to the bank, he would spend the whole day completing his/her queries. Because each people would suffer from different doubts and the bank employees are the only person to answer their questions. And there will be separate sections for each column like deposits, credits, bank book entry, loans, etc., due to the pressure inside the bank, and they made this process to manage by the customers online. By this, half of the people avoid the use of banks in many cases. While in Canada, there are no more separate columns for deposits, loans, etc., every people should clear their doubts with the same ban employee until the queue reduces the other person should wait for their turn. these are the about Canadian banks.
Two credit cards must
Canadians are instructed to use only their credit cards to make transactions and other purposes. Most banks would suggest their account holders avoid debit cards because the credit history is more critical for each Canadian citizen. When you are to buy a car, house, or else for rent, you will be asked to provide a credit score. Only after checking the credit score when they feel good, the sellers would make transactions. It is better to have two credit cards because sometimes, for important business, they would ask to have two credit cards. Finally, according to the areas, the use of debits or credit cards would differ, which means in Canada, most of them would ask only the master card to transfer money. Only a few members would use the VISA cards. So, if you already have a VISA card, you can buy another credit card as MASTERCARD. And the common thing is while making transactions to another bank, and you should pay additional charges for the service. These are the two credits that must needed.