In addition to releasing the Interac e-Transfer Autodeposit feature earlier this year, we also released the Request Money* feature.
Request Money allows anyone with a bank account at a participating financial institution to ask for money from anyone with a bank account at a participating financial institution. Request Money is ideal for freelancers, small businesses, roommates; anyone who needs to send an invoice or request for money from anyone else.
Combined with Autodeposit, you could send a request for money and have the funds deposited into your account as soon as the payment is sent. This infographic provides a high-level overview of how the Request Money feature works. Click the image to download a copy.
*Not all financial institutions offer the Request Money feature to users. Click here for more information.