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Interac e-Transfer®: Protect yourself from fraud

It is always important to stay informed and learn how to protect yourself from fraud, especially in times of uncertainty when criminals use our vulnerability to commit fraud. When it comes to sending and receiving an Interac e-Transfer, here are some best practices to protect yourself.

Register for Autodeposit 

Having funds automatically deposited into your account removes the risk of a criminal intercepting the deposit email. It's a good idea to ask the person receiving the funds if they have Audeposit set up before you initiate a transfer. Learn more about Autodeposit.

Use answers that are not easy to guess

Ensure the answer to your question cannot be easily guessed or found on social media. That way, if the notification is intercepted, it will be harder for a criminal to answer and steal the funds. Read our tips for creating a strong password.

Do not put the answer to the security question in the message box

Only share the answer through a secure channel, such as over the phone (but not through text message).

Protect your email’s security

Be cautious of phishing links. Don’t stay logged in when you’re away from your computer. Use strong passwords that are difficult to guess. Learn more about email security.

Register for account and security alerts

Account and security alerts help you to monitor your accounts more closely and identify potential fraudulent activity as soon as it happens . Find out how to set up account and security alerts.

Visit our fraud prevention centre to learn more about digital banking security:

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