Chequing account needed to receive Interac e-Transfers at B2B Bank | B2B Bank | Discussion forum

Canadianbull said

Trying to e transfer money to b2b account but it's not working. Its keeps logging me out without accepting money. Does it happen to any one else?

bhuc said

Sending an email money xfer didn't work initially because I didn't have a chequing account , so I opened one up.

So after talking to a CSR I need to have available funds in my chequing account for the Interac money transfer to work.
So I then sent an interac for $1.00 to my self from a big 6 bank and was able to deposit into my B2B chequing acct.
And since the $1.00 is immediately available I was then able to send an Interac to myself and redeposited to my big 6 bank.
Bottom line is I needed a chequing account and available funds for the Interac function to work properly !... All is well

Now, B2B needs to keep the HISA at 3.3% for more than a few months.

Canadianbull said

I open a chequing account as well so I can send and receive $ via interac.

The limitation you and bhuc discovered about B2B Bank's HISA deserves it own topic!

Would have been better if B2B Bank gave an message like "No accounts found that can receive an Interac e-Transfer" instead of just quietly logging out when you tried to receive the e-Transfer.