Money Movers: Use Interac e-Transfer to help take some of the financial stress out of moving

You don’t carry a chequebook around, do you? Putting down a deposit using Interac e-Transfer is an especially handy solution if you have a spontaneous apartment viewing and fall in love with the place (and it’s one of the first payments you’ll make as part of the moving process). Check to see if the landlord accepts Interac e-Transfer and you can put down a deposit right away — and not lose your chance to call dibs on your next home.

Tip: If you find your Interac e-Transfer daily limit is too limiting, you can talk to your financial institution to see if it can be increased.

Why is it that when you’re packing up, you suddenly realize you don’t actually need a lot of the things you have? Instead of hauling your unwanted things to your new place, why not get rid of them — and earn some extra money — by selling them through online marketplaces? It’s a good idea to tell buyers that you accept payment using Interac e-Transfer. For starters, it’s fast and convenient, and it means buyers don’t have to carry cash (learn more about using online marketplaces securely in this guide).

Tip: if you have Interac e-Transfer Autodeposit enabled, you’ll be able to accept payment without the need for security questions and answers, which makes a convenient way to accept money even smoother. (Before you confirm the transaction, double-check to make sure the Autodeposit name matches the person you want to transfer money to.)

You’ll inevitably discover things you don’t want to move while you’re packing and preparing that also aren’t worth selling. That broken deck chair? The ugly cabinet your aunt handed down to you? Perhaps it’s better to ditch them. Contact a local service that will take it all away, whether that’s a junk removal company or a non-profit that will make sure it gets reused (which is also great for the environment!). Either way, offer to use Interac e-Transfer for any payments or monetary donations you make so the service can have its money right away.

Sending money via Interac e-Transfer is a convenient way to pay businesses.

Interac e-Transfer makes it easier to split a bill for anything with friends — and that includes the rent you have to pay on your apartment together. Making sure you have Interac e-Transfer Autodeposit enabled makes it extra easy, because you and your roommates will be able to accept funds automatically. You can also use the Interac e-Transfer Request Money feature (instead of a text) to remind them to pay up when the time comes.

Tip: If you’re not handy with arithmetic, your banking app may even include a tool to figure out how to split a bill with friends.

If you’re using a rental vehicle to move your things, check to see if the company allows you to pay using Interac e-Transfer (as many businesses do). By paying right away with money from your bank account, that will help you stay on budget. And if you’re borrowing a vehicle from a friend, you can use Interac e-Transfer to send them gas money.

If you’re hiring movers (or paying friends to help out), you’ll appreciate how they lighten your moving day burden. Show your appreciation by paying them with Interac e-Transfer, so they’ll have the money available to them without delay. And if it’s professional movers, use Interac e-Transfer to add a tip, too — they deserve it for hauling that heavy desk of yours. As well, if you use Interac e-Transfer, you’ll have a digital record of all your transactions, which is a great way to keep track of all those moving expenses.

Sending money via Interac e-Transfer is a convenient way to pay businesses where accepted.

You can’t cook dinner your first night in a new place — we’re pretty sure that a takeout meal is mandatory (and, your pots and pans are still packed away). Celebrate the new digs by ordering in and split the cost with your partner and/or roommates. And if you had friends over to help you move, you have to order pizza to thank them. Use Interac e-Transfer to make it easy to split the cost — you can use the Interac e-Transfer Request Money feature to give your roommates a nudge as necessary. You can also use Interac e-Transfer to send a little monetary gift to those who helped — using the personalized message feature to add a little thank-you.

Your little ones are adorable. But on a busy moving day, things will go smoother if you hire someone to help look after them, so you can focus on the task at hand. Bribe a friend or pay a sitter with Interac e-Transfer: You’ll not only avoid running out to get cash, but it’ll also enable you to pay them the exact amount when you relieve them of their duties. (Trust us, it’s going to be worth every cent.)

Hiring a cleaning service to tidy up your old place while you’re moving is another way to help make life easier. That way, you don’t have to head back with cleaning supplies and do it yourself. Pay the cleaning service with Interac e-Transfer and it will be a snap to immediately send them the correct amount of money once your old place is spic and span.

Sending money via Interac e-Transfer is a convenient way to pay many small businesses.

Now that you’ve moved in, it’s time to think about rent. Help make it easy to pay on time every month with Interac e-Transfer if accepted by your landlord (If your transaction limit isn’t high enough, check with your financial institution to see if it can be raised.) Also check with your financial institution to see whether you can set up automatic, recurring Interac e-Transfer payments. If so, use this feature to make sure you never miss the date.

Ideally, your landlord wants the convenience of digital payments. And whether or not you’re able to pay with Interac e-Transfer, you can also use it to divvy up the cost of rent with your roommates and/or partner.

Tip: For any landlords who may be reading this, here’s a little primer on the benefits of using Interac e-Transfer as a small-business owner — and if you set up Interac e-Transfer Autodeposit, you won’t have to take any action to accept rent payments.

Nobody likes paying for water, electricity or gas. But you can at least take some of the hassle out of splitting costs with roommates by using Interac e-Transfer to make it easy for each of you to pay your fair share. Make sure to use Interac e-Transfer Autodeposit to make sharing even easier. And remember that you can also use Interac e-Transfer Request Money to remind someone to pay up — it’s easier (and can feel less awkward) than following up with a bunch of texts.

After the move, you may find you’re in need of a few services to make your new place into a cozy home — like a painter, a handyman, or any service your landlord won’t cover. (And if you can’t stand assembling furniture, you can search online for services that’ll do that for you.) Offer to pay them with Interac e-Transfer — a lot of small businesses prefer it over cheques because it’s a secure, fast and paperless way to accept payment.

Sending money via Interac e-Transfer is a convenient way to pay businesses.