I use both faucet and tap… I’m not really consistent, but I think I’ll refer to a faucet in a bathroom, but call it a tap in the kitchen or at work. The water that comes from it, though, is always “tap water” when I need to clarify where it came from (as opposed to the Milli-Q distilled lab water, or not from the Brita pitcher, for example).
Interac is a debit program adopted by every bank in Canada. It is accepted pretty much everywhere (except Tim Hortons and Dollaramas!) and is a direct debit withdrawl from whichever bank account you choose. You can have the card link to a chequing account, or a savings account, or both, and the terminals in stores will let you choose. Most bank accounts will either give you a limit on amounts of Interac purchases per month, or you pay a fee for unlimited, or there’s a fee every time you use it - maybe 50 cents or something. These fees are not charged by Interac - it is the bank that determines them. I think Interac charges businesses a certain amount, which is why stores where purchases rarely exceed a few dollars won’t have it - it isn’t worth it for them. I have an unlimited Interac account, because I almost never carry cash anymore. The cash is taken from your account pretty much immediately - I can buy the groceries, go home, check my balance online, and the amount will be gone. It’s a fantastic system. Your Interac card is also your ATM/bank card. For both, you use a 4 or 5 digit PIN to accept the sale, or to bank with the ATM.
According to Wikipedia, since 2001, there are more Interac transactions being done than with cash. I believe it. http://en.wikipedia.org/wiki/Interac The article also mentions cash-back… I do this a lot if I think I’m going to need cash in the next few days. I’ll make a regular purchase (say, groceries) and simply ask for an additional 20 or 40$ or whatever, and the store clerk just enters the larger amount into the terminal. Every store is an ATM! There’s also the mention of the fact that Interac allows users to get cash from any ATM from any bank… do Americans have to search for their own bank to get cash all the time? Of course, banks charge a fee for using another bank’s ATM, but it’s usually only a 1.50$ or so.
We do, also, have credit cards… Visa, Mastercard being the two most popular, also mostly issued from whatever bank you tend to keep your money in.
Banks in Canada are all regulated by the government (though someone else would have to explain what that really means) and apparently Canada has one of the soundest and safest banking industries in the world.
Also, in other threads, I believe we’ve covered the fact that Canadians are more likely to use “ou” spellings, such as colour, labour, neighbour rather than color, labor, neighbor.