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hyperWALLET uses the existing banking systems in Canada and
the United States to provide members with greater flexibility to
move funds from one institution to another, or from one person
to another.
Transferring funds from your financial institution to
hyperWALLET results in a credit to your Wallet balance. You can
transfer all or part of that amount to another financial
institution by using the "CashOut" function and telling us to
which account you would like to transfer your funds.
hyperWALLET will deposit those funds into the specified account.
To transfer funds to another person, you can use the CashOut
function (if you know that person's bank account information) or
the Beam Cash function to send the funds to that person's email
address. hyperWALLET will email the recipient to advise them
that you have sent funds. The recipient can then create a
Wallet (if they don't already have a Wallet registered with that
email address), accept the funds, and then perform a CashOut to
their bank account. |
