alt Hacker NewsInterac (eTransfer/EMT) is a great system that has already rolled out nation-wide.
Unfortunately its utility is curtailed severely if your bank doesn't trust your mobile OS (LineageOS, for me). For security purposes, my bank (RBC) triggers identity checks every time I try to send an EMT, and even after sending selfies, drivers licences, etc. — it still rejects the transfer.
So, security at the cost of all utility.
I have now resorted to transferring money between my accounts using paper cheques... like it's the 90s. If somehow they deny me cheque deposits I'll have to use an ATM and walk the money to the other bank. Given how there are now banks that don't even have branches, this could be a major problem in the future.
This Real-Time Rail system sounds promising, but that's not the link that'll kill it for everyone.
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The utility is preventing malware bundled with pirated apps from transferring away your personal savings in a hard-to-reverse instant transfer.
You, as a technically savvy user, could choose to use a dedicated device with an acceptable security posture for your electronic transfers.
Weird... I've never had problems using eTransfer from a browser (firefox) on my computer (linux)... which has got to be as untrustworthy a device as there is.
Unless I'm missing something I'd expect Payments Canada to have similar issues for you, since it'll still be the banks that you interact with. What changes is the settlement and messaging system between the banks.
can't you just use the web interface?
Interesting, did you try other apps if they work on grapheneos/lineageos like koho or wealthsimple? If they do, maybe you can use it as an intermediate tool.
Bieng in a similar situation, my back up plan has been to keep a phone that is used exclusivly for personal banking and pull the sim and shut it off when not in use. Currently I have a much fiddled with android phone and a browser that will interact with the banks web sites for banking. I get a lot of paper cheques and convert to cash for much of my personal spending, and my hope is that the new system will facilitate timely clearance of paper cheques and actualy make them more atractive.
99.999% of people don’t root and install custom operating systems on consumer hardware. The bank derives immense security value by enforcing this, at the expense of your hobby installation.