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I would pay on my Amex Gold and I'd pay the landlord the extra fee per month, and get the standard points at least. The question is not addressed on the website or the FAQs, and the chat function is only available during business hours. It would appear it is not a cash advance, this is just an assumption based on the fact that many credit card companies will not give points for a cash advance. There’s a company in Toronto that has built programs to help new immigrants, keep track of car maintenance and tell homeowners what day to haul their trash to the curb. But the firm isn’t a software developer — it’s one of Canada’s biggest banks. Royal Bank of Canada has spent more than two years building a fintech startup within its operations. now has about 150 employees working on nine projects in various stages of development out of a glass office tower near Toronto’s waterfront, two blocks south of the bank’s headquarters.“We want to be known as the bank that goes beyond banking,” Mike Dobbins, who oversees corporate development at Royal Bank, said in an interview in his 17th-floor office at Water Park Place. “My goal today is to build wonderful products that lots of people find useful. And if we get that right, I believe we have the pathways to grow more core clients.”The efforts are partly a response to technology companies encroaching into areas once dominated by banks. Royal Bank cited home-remodeling website Houzz Inc., online-store provider Shopify Inc. as examples of initiatives that could have been developed by banks capitalizing on access to clients and their data. Canada’s second-largest lender by assets unveiled RBC Ventures at a June 13 investor event, where executives outlined a goal of attracting 5 million users to its digital offerings within five years, and ultimately converting 10 per cent into full-fledged banking clients. That would translate into 500,000 customers to contribute to Royal Bank’s objective of adding clients at triple its current rate. According to Dobbins, the aim is to reach people before they require banking services.“If it works, it’s actually a really interesting concept — I don’t know of a bank that has really tried to engage in this manner before,” CIBC World Markets analyst Robert Sedran said in an interview. “The idea of trying to engage with consumers before they’re customers is an innovative way at getting at the potential customer earlier, and it provides them an advantage.”One example is RBC Ventures’ Arrive, which offers an internet portal for immigrants before they reach Canada and set up bank services. The initiative offers foreigners live chats and video calls with settlement experts from the nonprofit Centre for Education & Training, and a digital to-do list for their journey. Royal Bank is testing Arrive on people from India, and the team behind the effort has gone as far as picking up new arrivals at the airport to ask them questions about their needs to improve the product. Drive, meanwhile, is a mobile app marketed as a “digital glove box” for your vehicle, keeping track of maintenance records, insurance details, recall notices and the vehicle’s value while also linking to outside services such as booking repairs with auto dealerships or tire service at home. Drive, introduced last year, has a 3.9-star rating out of five on Google Play’s app store. As of June, more than 800 auto dealers had signed on to the service, and more than 50,000 autos had been registered. About 300,000 users are signed up for RBC Ventures services so far, according to the bank. The initiatives have been built in-house with the exception of Move Snap, a “personal moving concierge” for real estate brokers to help their clients simplify residential relocation, which was acquired by the bank. The app has been focused on Greater Toronto, where it was used in about 40 percent of the moves in the past month, Dobbins said. Royal Bank is looking at expanding Move Snap to other cities. Other efforts under development include Butter, a website that organizes subscriptions; Finfit, a mobile app that aggregates bank and credit cards to monitor spending and credit scores; Ownr, a website that helps entrepreneurs start a business and design logos; and Get Digs, which facilitates payments between renters and landlords. The most surprising success for Royal Bank has been Garbage Day, an email-and-text notification service that tells homeowners when to put out trash and recycling for curbside pickup. About 68,000 people in greater Toronto, Kitchener-Waterloo and greater Vancouver have signed up for Garbage Day, according to Royal Bank.“When we looked at what things customers really wanted reminders about, this one item really, really resonated,” Dobbins said. “It went pretty viral.”Garbage Day has been incorporated into an RBC Ventures program under development called Home Sprout, which helps homeowners manage and maintain their home. Those who signed up for Garbage Day can now join Home Sprout, Dobbins said. Not everything may endure, Dobbins said.“As you build these out, part of this journey is finding things that people truly love,” he said,. “You have to expect that you’re going to pivot, you’re going to learn certain things, you’re going to adjust.”Dobbins said he hopes some ventures will expand beyond Canada into the U. S., where Royal Bank has operations including an online bank and its Los Angeles-based City National unit.“We have put chips down in all of the places we should,” he said. “We believe that this will add significantly to the accelerated growth that we’re looking for over the next five years.”Royal Bank has the heft to take a chance on such fintech initiatives and risk failure without hurting the bottom line, according to CIBC’s Sedran.“Failure is not getting the customer penetration they’re hoping for. Failure is dollars spent with no material advantage gained,” he said. “The luxury of their size and scale is that they have the ability to do some of this and not worry as much about what kind of tail-risk they’re taking on.” Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our community guidelines for more information and details on how to adjust your email settings. Get digs rbc rbc line of credit Aug2018. Today we are interviewing Meg McQuillan, one of the co-founders of a new rent service, Get Digs, newly launched in Ontario by RBC Ventures. Get Digs wants to make rent a great experience rather than a series of annoying hurdles and they’re starting with the way renters pay rent! For non-RBC cards, Get Digs charges a transaction fee on each rent payment made through our platform 1.5% for VISA and Mastercard, and 2.99% for American Express. The service fee will be charged within 60 days of your rent payment date. Question: I get the 'e-transfer' part of this since I use it daily, but I currently have an 'auto-withdrawal' set up with an account number that takes money directly from my Savings straight to the rental property management. I have a feeling they won't be down for an e-transfer instead. Rental income will be included as taxable income on your wife's return. For a full year she will pay tax on $66,000 of rental income in exchange for RBC points. You will create an audit trail through your RBC credit card so that the CRA can easily track it down if she does not report the income on her return. "The CRA has the tools to find out if individuals are not reporting their rental income. We are taking action to ensure that everyone is paying their fair share of taxes, to protect the integrity of the tax system." from the above link. Each have differ address (Like mother, mother in law, sister, uncle, etc) What I am thinking is each use 2 differ email address, let say 1 hotmail, 1 gmail. Rental income will be included as taxable income on your wife's return. It make me thinking of this, it is kind of gaming the system. Hotmail is the one use to send fund, gmail is the one use to receive fund. For a full year she will pay tax on $66,000 of rental income in exchange for RBC points. You will create an audit trail through your RBC credit card so that the CRA can easily track it down if she does not report the income on her return. "The CRA has the tools to find out if individuals are not reporting their rental income. We are taking action to ensure that everyone is paying their fair share of taxes, to protect the integrity of the tax system." from the above link. If the money is treated as rental income, then technically you can claim rental expenses to reduce it. There's also an arrangement called a cost sharing arrangement, and you don't report that as rental income. Granted, $5000/month is likely not below fair market value. What if the landlord already accept Interac as a payment mode but not located in either BC or Ontario, also for those who are already using the service. Can you set the security question and answer for the etransfer or do they do it for you? Rental income will be included as taxable income on your wife's return. For a full year she will pay tax on $66,000 of rental income in exchange for RBC points. You will create an audit trail through your RBC credit card so that the CRA can easily track it down if she does not report the income on her return. "The CRA has the tools to find out if individuals are not reporting their rental income. We are taking action to ensure that everyone is paying their fair share of taxes, to protect the integrity of the tax system." from the above link. CRA is not going to assess anyone for rental income based on sending interac email money transfers to yourself... They would lose in tax court in a blink of an eye (I worked at CRA for a decade). if there's no rental then CRA is not going to assess rental income. CRA doesnt care if you are pulling some credit card points scam. A transfer of money to somebody does not suddenly mean there is income involved. I dont think there is a limit as to how much you can pay with Paytm but rather a limit on the number of Paytm points you receive. Each have differ address (Like mother, mother in law, sister, uncle, etc) What I am thinking is each use 2 differ email address, let say 1 hotmail, 1 gmail. Once pass the limit you just wont collect anymore points for the month It make me thinking of this, it is kind of gaming the system. Hotmail is the one use to send fund, gmail is the one use to receive fund. Get Digs charges a service fee on each rent payment made through our platform (1% for Visa, Mastercard, Visa Debit and Debit Mastercard). The service fee will be charged within 60 days of your rent payment date. You can select any rent payment date between the 1st and the 28th of the month. Just remember, we need 3 days to activate your account. If for some reason we are not able to verify your account prior to the start date you requested, your payments will begin the same date of the following month. Best of all, accepting rent payments through Get Digs is totally free for you.‍‍You don’t have to create a Get Digs account or have an RBC account, and the rent amount you collect doesn’t change – the service fee is charged to the renter directly. We send your rent payments on the day the payment is due as long as your renter makes a payment on time. It is your renter's responsibility to confirm the correct rental amount and make rent payments on time. Visit Get Digs can only process recurring, residential rent payments. Other rent or rent-related payments such as commercial leases, mortgages, condo fees and utilities are not currently supported. If you have more questions, contact us at Get Digs takes 3 days to properly review, verify and approve your information. Once your account is activated, you will receive an e-mail confirming when your first payment date is on Get Digs. Should we have any questions with your sign up information, you’ll hear from us! Please note: if your account is activated after your ideal rent payment date, Get Digs will automatically push your payment date out by one month. Get Digs lets you make your rent payments through most credit or debit cards, including: Visa, Mastercard, Visa Debit and Debit Mastercard. You can choose any of these payment methods from your Get Digs dashboard, and change your payment method at any time. e-Transfer to send your rent payment over to your landlord. Each e-transfer will be sent from either of these two e-mails: catch@payments.or notify@payments. It wouldn't hurt to ask your landlord to make sure these e-mails are added to their safe sender list, just in case."Get Digs" will appear as the sender name, and the body of the message will be personalized to match your rental details: your name, rental address, and your landlord's name. This way, your landlord will know exactly who the money is from! You pay us using the payment method you select, and when we receive your payment, we pay your landlord using the e-mail address you provide to us during sign-up. As long as you make your rent payment before 5PM ET the day it's due, we send your landlord a secure, automated e-Transfer five days later. Get Digs typically sends out e-transfers between 8am-6pm ET (national holidays and weekends, too! )Keep in mind, this also means that if we don’t receive your rent payment, your landlord won’t either. Make sure your card is active and that you provided us with the correct landlord e-mail address so that your landlord receives their rent payment! Please reach out to our Customer Success team by e-mail at Get Digs sends your payment 5 days after we receive it. If your landlord should have their e-transfer by now, we have a few tips to help you and your landlord locate their You don’t have to. From your dashboard, you can “set it and forget it” by selecting recurring rent payments meaning you won’t need to log in to pay your rent. Simply login to your Get Digs account on the day your payment is due and make a payment from your dashboard before 5PM ET, to ensure your landlord gets paid on your rent due date. Remember, Get Digs sends your payment 5 days after we receive it. You’ll get a reminder e-mail from us the day before your payment is due, to make it easier. Once your rent payment is processed, no refunds, cancellations or charge backs can be completed on the platform. Make sure to review your rent amount and the landlord e-mail address you provided during sign up, at least 3 business days before your payment date. This way you can make sure that Get Digs will charge the correct account, and send your rent payment to your landlord at the right e-mail address! Please reach out to our Customer Success team by e-mail at At this time we don’t support the payment of first and last month’s rent on our platform. What we recommend is to handle first and last month’s rent outside of Get Digs, and then payments on Get Digs can begin during month two of your lease.


My landlord is finally asking us to pay rent through e-transfer but I've been seeing this Get Digs service that allows us to pay rent through our credit card, which means points! Can't seem to find any online since it's brand new. I'd like to hear some feedback or reviews about it before bugging my landlord. I was interested in it since I'm a freelancer and sometimes, paycheques get delayed, etc. I have the funds but there's been the odd times when a client fucks up with payment and I end up having to tell my landlord to hold off depositing the cheque. At least with this service, it'll automatically pay them through my credit card. Either you or your landlord is going to be paying some kind of merchant fee for this service. And if your landlord is getting charged something, they're going to want to pass that charge onto you so they still get their full rent amount every month. basically an unnecessary middle-man skimming your money. However, Get Digs, IMO is the preferred choice, if you have a Landlord that has a hard-on for these tech-driven "solutions", as they're backed by RBC, and not some Uber-like american company. Yeah, that's pretty much the only reason I was looking into it - it's being backed by a bank so that shows some legitimacy. The thing is my landlord is pretty old fashioned and straight to the point so I doubt she'd want to go through the trouble of signing up for this. Get Digs™ is a digital service designed to improve the way renters and landlords pay and receive rent payments. Renters can pay their rent by the method of their choosing: credit card, VISA Debit, Debit Mastercard, e-Transfer, or cheque, and can set up alerts to make sure they never make a late payment. Landlords get the assurance that they will receive their rental income on time every month from Get Digs, even if their tenant is late with their payment for whatever reason. It was only launched in May 2018, but Get Digs is already making waves among Canadian landlords that have signed up. For landlords, Get Digs has a feature called Rent Steady, which ensures they get paid on time even if the tenant is late paying their rent*,” says Rachael Carswell, Co-Founder at Get Digs. “It helps remove the negative impact on cash flow associated with late rental payments and gives the landlord a security and peace of mind that has been missing for so long.” The landlord receives an e-mail notifying them that the tenant is late paying the month’s rent, and the Rent Steady service means the landlord still gets paid. Get Digs handles all of the follow up associated with late payments and continues to send weekly notifications to update the landlord of the renter’s payment status. “We continue to follow up with the Renter to attempt to recover the rent owed and get them back on track with their payments” says Carswell. “If the renter defaults, the landlord will continue to be paid on the first of the month – for up to four months of consecutive non-payment”. “There are other products in the market that attempt to protect landlords in the event of non-payment of rent by their tenant, but our belief is that they simply aren’t effective enough. They add more tasks and processes on top of what the landlord is already going through and they do not solve the main issue of being out of pocket for the rent owed. It’s clearly a win-win for both landlords and renters, and with the backing of RBC Ventures, Get Digs has the tools necessary to ensure it has a long-term impact in the Canadian market. “Get Digs is a part of RBC Ventures, a subsidiary of RBC, which is focused on going beyond banking to create meaningful solutions that touch every Canadian,” says Rachael Carswell, Co-Founder and Product lead at Get Digs. “We want to offer Canadians services and products that make their lives better, and this is what RBC Ventures is set up to do.” As well as providing financial backing and industry know-how, just having the RBC name attached to the Get Digs project provides some crucial benefits. It provides a legitimacy and peace of mind that other products may struggle to replicate. The RBC brand represents trust and stability, two attributes that are crucial for Canadian landlords. Get Digs is a convenient way for renters and landlords to pay and receive rent payments. With personalized dashboards, landlords can easily manage the rental process, while renters can pay rent without ever touching a cheque. Regardless of how you choose to use Get Digs, enjoy a new era of stress-free renting. Get digs rbc rbc financial advisor Get Digs allows you to pay rent using your existing credit card – to earn more of the points or cash back you already collect and love. 5 Organize and Complete Your Move, Stress-Free MoveSnap is an online platform plus personal concierge service that takes care of the fine details so you can have an effortless moving experience. The Interac email notification will be sent from one of two email addresses email protected or email protected Get Digs will be the sender name, but the email is not from Get Digs or RBC. Aug2018. Today we are interviewing Meg McQuillan, one of the co-founders of a new rent service, Get Digs, newly launched in Ontario by RBC Ventures. Get Digs wants to make rent a great experience rather than a series of annoying hurdles and they’re starting with the way renters pay rent! Seconding this, I really am interested to see if Scotia Momentum Infinite visa categorizes these as recurring payments. I am trying to choose between this card and the American Express Simply Cash Preferred card, if I can pay rent at 1% with the Scotia visa, earning 3% instead of the 1.5% I'm earning with RBC cash back world elite, I will get the scotia one and cancel the RBC one before the annual fee comes out in April Edit: I asked their support, this is their response. I do not have first hand knowledge of this, and I only saw someone else mention a getdigs charge on their Tangerine MC was marked as a recurring payment, which is not Visa so I cannot say with 100% certainty "Get Digs rent payments is now qualify as recurring payments. If you use a credit card that earns points or cash back for paying recurring bills (e.g. Scotiabank Momentum Visa Infinite, TD Cash Back Visa Infinite, or the TD Rewards Visa), you may be eligible to collect even more points when you use your credit card to pay rent with Get Digs! " Then I asked: "I have an account that is "grandfathered" and I am not being charged to use my RBC card right now. If I switched to another non-RBC card, and then decided to switch back to an RBC card, would the 1% service fee apply on the RBC card" They responded: "Hi there! If you were to switch to a non-RBC card and then back at a later date, the fee-free pricing would no longer be applied." Hi everyone, I came across Get Digs service today and I am really interested to try, since my main CC is Scotiabank Momentum Infinite with 4% on recurring payments, but also hesitant because always trying to be careful with where I send my money and don't put myself in trouble 1. I contacted Getdigs support and they told me that although on their side they categorize payments as recurring they cannot guarantee that my Scotia Momentum Visa card will treat them as recurring as well. Which I did, and my bank sent me to contact Visa directly I didn’t have a chance to contact visa. Can someone, who's using Get Digs, actually confirm that the rent payments are categorized as recurring payments on the CC statement? If I decide to stop using this service, is it easy to cancel / close the account? Bottom line - still not sure if it will show up as recurring. But I have signed up and waiting for my account to be activated. Seconding this, I really am interested to see if Scotia Momentum Infinite visa categorizes these as recurring payments. I am trying to choose between this card and the American Express Simply Cash Preferred card, if I can pay rent at 1% with the Scotia visa, earning 3% instead of the 1.5% I'm earning with RBC cash back world elite, I will get the scotia one and cancel the RBC one before the annual fee comes out in April Edit: I asked their support, this is their response. I do not have first hand knowledge of this, and I only saw someone else mention a getdigs charge on their Tangerine MC was marked as a recurring payment, which is not Visa so I cannot say with 100% certainty "Get Digs rent payments is now qualify as recurring payments. If you use a credit card that earns points or cash back for paying recurring bills (e.g. Scotiabank Momentum Visa Infinite, TD Cash Back Visa Infinite, or the TD Rewards Visa), you may be eligible to collect even more points when you use your credit card to pay rent with Get Digs! " Then I asked: "I have an account that is "grandfathered" and I am not being charged to use my RBC card right now. If I switched to another non-RBC card, and then decided to switch back to an RBC card, would the 1% service fee apply on the RBC card" They responded: "Hi there! If you were to switch to a non-RBC card and then back at a later date, the fee-free pricing would no longer be applied." I can confirm it is categorized as a recurring bill charge on the Scotia momentum infinite visa hope Scotia/Visa doesn't start flagging these and rechategorizes them to some other category cause it's costly for them Yes! I just had my first charge and my first transfer to landlord happen this week. It is indeed categorized as recurring and I have got a good cash back on it. I was also thinking that Scotia might change the cash back rules again (as they did last August), especially if Get Digs will start getting popular. But for now I am just sooo happy to discover this service, it’s pure gold I can confirm it is categorized as a recurring bill charge on the Scotia momentum infinite visa hope Scotia/Visa doesn't start flagging these and rechategorizes them to some other category cause it's costly for them Sucks I relied on this service: "Your account is on track to be activated in 3 days. You'll receive an e-mail from us once your account is good to go! " From their FAQ: "Please note: if your account is activated after your ideal rent payment date, Get Digs will automatically push your payment date out by one month." Its been a month minus 3 days since I registered and verified. Sucks I relied on this service: "Your account is on track to be activated in 3 days. You'll receive an e-mail from us once your account is good to go! If Scotia bank eventually stops the cashback on this, we have Tangerine 2% if you choose recurring as one of your categories. " From their FAQ: "Please note: if your account is activated after your ideal rent payment date, Get Digs will automatically push your payment date out by one month." Its been a month minus 3 days since I registered and verified. I can confirm it is categorized as a recurring bill charge on the Scotia momentum infinite visa hope Scotia/Visa doesn't start flagging these and rechategorizes them to some other category cause it's costly for them Yup it's sooo good! If Scotia bank eventually stops the cashback on this, we have Tangerine 2% if you choose recurring as one of your categories. You are right, Just calculated and found I will net over $500 a year This makes up the AF of Amex cobalt too why the hell did I not come across this earlier I love RDF!! Better than nothing Last time I checked with getdigs, they were still working for recurring bill category, and I guess it has been changed since then. I am wondering if my landlord would accept e-transfer. Anyone lives in an apartment and still be able to use getdigs? If my landlord doesn't accept e-transfer, do you guys think I can set my own email under landlord's e-transfer email and get paid to myself?