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Tips for Canadians Studying in the US or Abroad
When choosing a mode of money transfer, Canadians should compare money order vs. bank draft. Although these standard payment instruments seem similar, they have differences. A bank draft is a security instrument for large payments. The bank issues it after deducting money from the payer’s account. A money order is a document issued by a […]
If you suspect you have unclaimed money in Canada, you can get it back. Financial products like Canadian-dollar bank accounts, paychecks, retirement funds, and security deposit refunds become unclaimed money if the accounts have been inactive for over ten years. When your accounts remain inactive for over two years, the bank should contact you in […]
Shipping for small business Canada can be overwhelming. Besides, goods delivery is the closest interaction businesspeople have with their buyers. So, delivering broken goods or failing to offer good customer service can damage your customers’ loyalty. Big companies like Amazon and eBay have set the delivery bar too high in terms of shipping, and customers […]
Knowing the difference between currency hedged vs. unhedged ETF is crucial if you want to invest in exchange-traded funds (ETFs). Moreover, it helps international investors make sound decisions based on their investment goals and circumstances. Currency hedging is like taking insurance for your international investments. It reduces the effects of currency fluctuations, meaning you won’t […]
Fake Canadian 100-dollar bills are in circulation, and as a result, most people fall victim to receiving counterfeit notes, which leads to significant losses. Besides, the circulation of fake notes can affect the country’s economy and cause political instability. Luckily, robust security features on Canadian bank notes make duplicating them harder. These features also enable […]
Did you know that there is an e-transfer limit? Interac e-transfer is a fast and convenient method that allows Canadians to send money from one bank account to another. It is available for Canadian residents who use online banking services. Interac e-transfer limits customers to send a minimum of $0.01 and up to $3000 per […]
As a Canadian citizen, knowing the effects of an interest rate hike in Canada helps you think about your borrowing. Interest rate is the money the borrower pays to the bank or financial institution. It is a percentage of the amount loaned. Interest rate hike increases the value of the Canadian Dollar. That’s due to […]
The rise in popularity of cryptocurrency has created debates among investors, such as, “Which is better between fiats vs. crypto?” The truth is both currencies are widely accepted worldwide, and many people use them to pay for services. Fiat currency is a common currency used in international trade. The government issues and backs it. Its […]
With the increasing number of international money transfers, cash management transfer has become an indispensable program in the finance sector. Millions of people transact daily, with around $530 billion transferred annually. The transfers happen in many ways. To ensure financial stability, businesses that do money transfers internationally need to invest in effective cash management strategies. […]
Are e-transfers traceable? This is a common inquiry that most first-time users of e-transfer in Canada want to know. Interac e-transfer is a money transfer method that allows Canadians to send money from one bank to another within the country. E-transfers are safe because of the robust security features to reduce fraud and scams. The […]
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