timetourist 1317 Report post Posted February 15 I figure I should bring this up here because I fear not everyone fully understands the process of an e-transfer. I see plenty of people that use e-transfer for deposits or payments for services and attach a password for security so they can control when the funds get released. However, if the recipient has auto deposit enabled on their account, no password is required and the funds are automatically deposited even if the sender put a password in place. That is because the password is only designed to protect against someone who is not the recipient from getting the funds. So, a password is not a method for controlling the release of funds. Quote Share this post Link to post Share on other sites
bigbreastlover 259 Report post Posted February 15 If the client has auto deposit enable you will know it before you even send the money. It's literally tells you when you are about to send the funds. What you are saying doesn't even make sense as you CANNOT enter a password when the other person has auto deposit. The password feature only allows you to enter a password if the recipient DOES NOT have auto deposit. 2 1 Quote Share this post Link to post Share on other sites
RobertDion 81 Report post Posted February 15 what bigbreastlover says is correct, none of that made sense, and is that a question or statement, if they have autodeposit enabled on their account, you don't have to put a password in, because it will just go through as soon as you send it. Password or not thee's no fear of any security breach here one way or the other, so no need to worry about that if that's the concern. Whether you are able to input a password or not it's for their account not yours, whether there's a password attached to your deposit or not, as soon as your money is sent, it's gone. Quote Share this post Link to post Share on other sites
timetourist 1317 Report post Posted February 15 Good that the sender is notified. I did discover a scam that could be perpetrated using e-transfer. It involves 2 etransfers to the same email. Even if both were sent with different passwords, they can both be opened using the last password used. I was thinking it had to do with auto deposit which is why I brought up the subject. Just have to be careful sending more than 1 to the same email. I don't think the second one can be opened using the first password, but that wouldn't surprise me either. Quote Share this post Link to post Share on other sites
