Interac® e-Transfer

Video previewInterac e-Transfer is rapidly becoming a preferred method in Canada for customers to send and receive money between accounts. With the speed, convenience and security of Interac e-Transfer, your customers can transfer money directly to anyone with an email address or phone number — a valid email, or mobile phone number and a Canadian bank account are the only requirements.

Unlike other transfer options that can take several days to complete and route funds through stored value accounts, an Interac e-Transfer is executed directly between accounts at financial institutions, which happens within minutes.

Key benefits

  • Send and receive money from a desktop computer or web-enabled mobile device
  • Transfer money instantly to anyone with a Canadian bank account, using only an email address or mobile phone number
  • No account information is exchanged between senders and recipients
  • Recipients are notified by email or text message when a transfer has been sent

Small business is covered

Interac e-Transfer is an excellent alternative for personal transfers and is also available for small business customers, including those with accounts that require dual-signature authorizations. Additionally, small business customers can authorize delegates to initiate these transfers on their behalf.

Interac e-Transfer is available as a stand-alone feature or as part of MemberDirect® Online Services.

 

Customers can send or receive money through a mobile phone or computer to anyone with a Canadian bank account