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How secure are funds provided to TelPay for payment of bills?

April 26, 2017bills funds payment provided Secure TelPay

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How secure are funds provided to TelPay for payment of bills?

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All funds are in Trust accounts which are held by Financial Institutions insured with the Canadian Deposit Insurance Corporation. TelPay maintains a $10,000,000 Fidelity Bond. TelPay has a history of handling funds for most of the major billers in Canada since 1985.