skip to Main Content
Get in Touch with our Dedicated Experts Today!
Email Money Transfer – EMT

Email Money Transfer – EMT

DEFINITION of ‘Email Money Transfer – EMT

 

A retail banking service that allows users to transfer funds between personal accounts using email and their online banking service. Email money transfers are considered secure because only the notification of transfer is done through email. The actual funds are settled through the existing funds transfer networks that banks have used for years.

BREAKING DOWN ‘Email Money Transfer – EMT’

The email money transfer is most commonly used by clients of the “big five” banks in Canada: the Royal Bank of Canada, TD Canada Trust, the Canadian Imperial Bank of Commerce, the Bank of Montreal and the Bank of Nova Scotia. Because email is used, however, this service is susceptible to phishing scams. Care must be taken by both parties to ensure the safety of both the sender and receiver.

It is a good practice to not accept transfers from unknown parties, and to contact the sender directly when notified of a transfer that is not expected.

To request for our copy of EMAIL MARKETING COURSE EBOOK, fill in the from below

[contact-form-7 404 "Not Found"]

Leave a Reply

Your email address will not be published. Required fields are marked *

Back To Top