What is the difference between Manual Bank Connection and Instant Connection (EFT)?

Instant Connection (EFT):

• Speed: Faster verification time as it is instant connection.

• Security: More secure due to direct connection with the bank through a secured channel.

• Limits: Higher limits with no cap on the number of EFT accounts you can connect.

• Convenience: Offers immediate access and usability.

Manual Connection:

• Verification Time: Typically takes 1-2 business days, with potential delays on weekends and holidays.

• Limits:

  Available for exchanges up to 9,000.00 CAD.

Can connect up to 5 accounts per currency.

• Process: Requires entering bank details manually and waiting for micro-deposit verification.

Choosing between these methods depends on your needs for speed, security, and account management flexibility.