April Summers

April Summers

April is a trained journalist and the Content Editor for MoneyTransfers.com. She has 10 years experience writing about a diverse range of subjects, from financial services to arts and entertainment. When she’s not writing about global remittances she can be found daydreaming about her next holiday abroad.

Latest articles by April Summers

Payments Canada (PC)

What Is Payments Canada? PC, also known as Canadian Payments Association, is a Canadian settlement system and payment clearing organization. The entity was established as a result of the Canadian Payments Act in 1980, and its primary responsibilities include regulating and maintaining directories of routing numbers in Canada.  A total of $50.8 trillion was settled […]

April Summers | 0 minutes | Wednesday, 17th August

Investment Industry Regulatory Organization of Canada (IIROC)

What Is the IIROC? The IIROC (Investment Industry Regulatory Organization of Canada) is classed as a non-profit organization and a national self regulatory organization. They were established through the merger of Market Regulation Services Inc. and the Investment Dealers Association of Canada. They primarily oversee the trading activity and investments in the Canadian debt and […]

April Summers | 0 minutes | Wednesday, 17th August

Financial Transactions and Reports Analysis Centre of Canada (FINTRAC)

What Is FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)? FINTRAC is the national financial intelligence agency of Canada. They were established in 2,000 as a result of the Proceeds of Crime (Money Laundering) Act to help investigate and detect money laundering among other financial transactions. However, the organization was consequently expanded to include […]

April Summers | 0 minutes | Wednesday, 17th August

Canada Deposit Insurance Corporation (CDIC)

What Is the Canada Deposit Insurance Corporation (CDIC)? Parliament created the Canada deposit insurance corporation in 1967, and it is a Canadian federal Crown Corporation, meaning it has a mixture of public policy and commercial objectives. The idea behind creating the CDIC is to offer insurance to commercial banks and savings institution depositors. This should […]

April Summers | 0 minutes | Wednesday, 17th August

Zelle Alternatives for International Transfers

What is Zelle? Zelle is a money transfer operator that deals exclusively with transactions sent between US-based customers. It functions as both an app and integrated service within compatible online bank accounts; thus making it different from other mobile money apps. Users are able to send, receive and manage their financial transactions through the Zelle […]

April Summers | 0 minutes | Thursday, 2nd June

Venmo Alternatives for International Transfers

What is Venmo? Venmo is a mobile payment service which was founded in the United States in 2009 and is headquartered in New York City. The company was acquired by financial services giant PayPal in 2013 and recently reported increased growth of 40 million users between 2017 and 2020. Venmo payments are accepted at more […]

April Summers | 0 minutes | Thursday, 2nd June

Safest Ways to Send Money

What to watch out for when sending money When making international money transfers, never trust your money with just any provider. Being diligent about your personal safety, the safety of your device, bank account, and funds will aid in finding the safest way to transfer money. It should be noted that there are several risks […]

April Summers | 0 minutes | Wednesday, 1st June

PayPal Alternatives for International Transfers

What is PayPal? PayPal has been at the forefront of digital payment solutions since its inception in the mid-2000s. Designed to simplify and streamline online payments, this global financial services company now operates in over 200 countries. The widespread integration of this payment system has made PayPal a familiar and reliable service used by more […]

April Summers | 0 minutes | Wednesday, 1st June

How to send money abroad for free

What is a free money transfer?  There are a lot of external factors that dictate whether a money transfer will be “free,” and one of these factors is the destination. Domestic transfers, for example, are typically free regardless of the financial provider because the money is simply being sent between two accounts in the same […]

April Summers | 0 minutes | Tuesday, 31st May

How to Avoid Bank Charges for International Transfers

What are the different kinds of bank charges? High street banks and other traditional financial institutions are known for charging a great deal for international money transfer services. Whether you need to make a one-off payment or set up regular currency transfers, it is worth considering the two following bank charges first: Transfer fees Certain […]

April Summers | 0 minutes | Tuesday, 31st May