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Curious, how quick do those TD personal payee transfers happen? It seems like a really nice method. This would be absolutely great for family members routinely sending money between each other; cuts out all the fees too.

I usually give my friends cash
Iirc, they occur overnight, and possibly up to 48 hours.
 

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Keep in mind, that banks may automatically dip into savings accounts to cover attempted withdraws from the chequing account. this occurs at td.....or at least it did when I worked there. If you wrote a cheque from the chequing account and it was nsf, the system would go and grab the money from the savings (assuming the account ownership was the same).
Wow, I didn't know that! Thanks.

Now I feel better about the two institution idea, with a big cash account isolated from the daily use chequing at a different bank.
 
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