Quote:
Originally Posted by bizaro86
I mean, there are like 6 banks. It seems like they could get together s d come up with a system where they verify drafts for each other.
Or as an alternative, increase the amount of money you can send by e-transfer to "buy a car" type levels.
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That would be amazing if all the banks would actually be willing to work with each other. There has always been a secrecy to who banks with who, so trying to get any bank to agree to share information with another is a joke.
As for the e-transfer limit, you can blame interac on that as they are the ones who set it for their risk. Again, completely agree that it should be raised, but they just don't see the risk v. value because of fraud