Manager's Trust Cheque
A Manager's Trust Cheque (MTC) is a cheque issued by Innovation Credit Union, payable to a payee of your choosing in the amount of your choosing. It's a more secure method of payment than paying large sums of cash.
As a recipient of a MTC, you can rest assured the cheque is backed with sufficient funds.
US and international draftsDrafts are similar to money orders except they are available in any currency:
- They are accepted nationally and internationally
- They come with a carbon receipt
- They can be traced if lost or stolen
Wire transfers
If you are travelling within Canada, you can go to a financial institution of your choice and arrange to have money wired to you. You can also send money to a domestic or international location using wire transfers.
You may find it less expensive going to a credit union versus another financial institution.
Want to learn more?
To learn more, see our Account and Fee Information (pdf). You can also contact us in a way that works best for you!