Once you've created your user profile and a recipient list you can now send Interac® e-Transfers.
Send money in minutes to anyone with an email address or mobile phone number and an account at a Canadian credit union or bank. The process is simple, convenient, and secure.
Any service charges will not be refunded when you cancel an e-Transfer.
Using online or mobile banking you select a contact from your list, enter an amount and an account where funds are to be deposited as part of the request. There is even an option to add a personalized message.
If it’s a business, enter an invoice number and send the request
An Interac® e-Transfer notification will then be sent to the contact. Once they receive the notification, they can fulfill the request by logging into their online banking, and the funds will be immediately deposited into your account.
The Request Money feature is available for small business members and will enable your business to turn online banking into a business payments hub.
With Request Money for Small Business you will be able to:
Using Interac® e-Transfer is convenient, but for members waiting to be paid it’s never fast or easy enough. That’s why there’s Autodeposit. It is a secure way to receive money without having to answer security questions for every transaction.
Autodeposit is designed to make receiving money easier by linking your email address to a bank account at your financial institution. When an Interac® e-Transfer is sent to you the payment will automatically be deposited into the bank account associated with your email address. You will receive a notification that funds were deposited. Now, there is no need to select the Financial Institution, login to online banking and answer a security question.
All you need to do is the Autodeposit feature, enter your email address and select the bank account you want associated with your account. It only takes seconds to set-up and allows you to get back to doing what you love faster.
Autodeposit is available for small business members and will enable your business to turn online banking into a business payments hub.
With Autodeposit for Small Business you will be able to:
|Interac e-Transfer||Me-to-Me Transfer|
|Free to send*||$1.50 per transfer out|
|Free to recieve||Free to transfer in|
Hold on Funds
|None||Up to 5 business days|
*An additional $4.00 charge per e-Transfer will be added when an e-Transfer is sent to a non-participating Financial Institution.
*Included as a transaction within your monthly personal chequing package transaction limit. $1.50 for business accounts.
Getting started with online banking is quick and easy!
® Trademark of INTERAC Inc. Used under license
** Transfer time is dependant on internet and financial institution connectivity