Debit Cards, Interac e-Transfer and Everyday Payments

Canada is increasingly cashless, so it helps to know how everyday payments work.

Debit card. Linked directly to your chequing account. When you pay, the money leaves your account right away. You can tap (contactless), insert the card and enter your PIN, or use your phone's digital wallet. Debit is great for staying within your means, since you can only spend what you have.