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  • Interac e-Transfer

The simple, secure way to transfer money from anywhere to anyone.

Send or receive money in a snap with Interac e-Transfer. All you need is an email address and an account at a Canadian financial institution. As a sender, you don't need to worry about figuring out where the person banks and they won't know where you do your banking, because all account details and financial institutions are kept confidential.

Whether you owe a friend for pizza, need to pay your share of the rent or expect to receive a payment from a customer, we've got you covered.

Start Using e-Transfers Today

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It's easy. 

There's no need to set up any new accounts, user IDs or passwords. As long as both parties have online banking accounts, all you need to send or receive money is the recipient's email address.

It's secure. 

When you send an Interac e-Transfer by email, the money never travels with the message. Instead, recipients receive an encrypted link to deposit the funds using their own banking credentials.

It's convenient.

With Interac e-Transfer, you can use any computer or mobile phone to send or receive money instantly by email. Whether you owe your friend, he owes you or they just don't take plastic, you'll never need to worry about carrying cash again.

It's quick.

Recipients are notified by email that they have received a payment within approximately 30 minutes from when the sender initiates the transfer.

Ways to use it

Interac e-Transfer is a quick and convenient way to transfer money for almost anything, such as:

  • Repaying money you borrowed from a friend
  • Sending cash to children at college or university
  • Transferring your share of rent to your roommate
  • Sending money in place of a gift
  • Paying the invoices of suppliers (on single and dual-signature business accounts)

Sending

  1. Login to your online banking
  2. Create a profile with your email address, if you have not already done so
  3. Select 'Send Interac e-Transfer' under 'Transfers'
  4. Select a recipient, or add a new recipient profile, by entering the person's name or business name, plus an email address
  5. Create a security question and answer that only you and the recipient know
  6. Add a personal message (optional) but don't include the answer to the security question
  7. Select an account from which to make the transfer and enter the amount
  8. Send the Interac e-Transfer (your account will be debited the transfer amount immediately, plus any applicable fees)
See our Privacy and Security section for more information on how we keep your financial information safe.

® Trademark of Interac Inc. Used under license.

Receiving

  1. Ensure the link received via email offers a secure connection that takes you to a site with the 'https' prefix, rather than 'http'
  2. Click on the link and you'll be taken to a secure Interac website
  3. Follow the instructions on the site to select Member Savings and click 'Deposit', and you'll be redirected to our online banking login screen
  4. Login to answer the security question and accept the transfer
  5. Select the account where you wish to deposit the money