Greg Rozelle writes:
> [In Canada] when you insert your credit card in an Atm, and enter
> your P.I.N.
>
> Does it give you options like
> Primary Account, Savings account, Current account, Chequing account,
> credit card cash advance account?
I don't put credit cards in ATMs ever.
If I put my ATM card from either CIBC or TD in a machine belonging
to a different Canadian bank, that is an Interac transaction (a
non-bank ATM would be the same). I can only do withdrawals and
I must select "Chequing", "Savings", or "Credit Card".
(And it's much if I use my cards at an ATM in the US, which would be a
Plus or Cirrus network transaction. I don't remember if "Credit Card"
is offered to me in the US, since I never use that anyway. In any
other country where I've been, even though this is also a Plus or Cirrus
transaction, I get no choice of accounts. Withdrawals come automatically
from my checking account if I have one at the bank whose card I'm using,
otherwise from my savings account there.)
If I put my TD ATM card in a TD ATM, I can do a full range of transactions
(deposit, transfer, withdrawal, bill payment, balance inquiry, passbook
update) and I can select "Chequing", "Savings", "Visa" (that being TD's
credit card), or "Other".
If I put my CIBC ATM card in a CIBC ATM, it is almost the same as with
TD, but there are two additional options: "Additional Accounts and
Credit Cards" and "Other Products".
In each case the buttons presented are the same regardless of which
accounts I actually have. The only time I've actually been able to use an
"Other" button is when I was a Royal Bank customer. The options on their
machines were as described for the TD Bank above, as I recall. But at
one time some years ago I had three different Royal Bank savings accounts.
I wasn't allowed to have a savings account on the Chequing button, but I
could have one on the Savings button and two on the Other button, after
which I again had to select Chequing, Savings, or Credit Card (i.e.
always Savings for me), then enter a number to tell which account.
When I closed one of the accounts, the last step was no longer required.
My wife had the accounts in a different order on her card, so we could
access two of them when outside of Canada.
I presume from the presence of the "Additional..." button that the
CIBC, in contrast to this arrangement, only allows one account to be
on an "Other" button, so additional accounts go on the "Additional..."
button.
--
Mark Brader | "...most people who borrow over $1,000,000 from a bank
Toronto | would at least remember the name of the bank."
msb@vex.net | -- Judge Donald Bowman, Tax Court of Canada
My text in this article is in the public domain. |