Interac e-Transfer®
If you’re sending cash to someone for a birthday, receiving payment from a roommate for their share of the bills, or sending a bill or invoice, Interac e-Transfer is a fast, secure and convenient way for you to send and receive money.
Benefits of Interac e-Transfer
- Convenient: You can send or receive a transfer from anywhere at any time using your computer or smartphone. It’s available 24 hours a day, 7 days a week.
- Simple: To send money using Interac e-Transfer, all you need is the recipient’s email address or mobile phone number. To use Interac e-Transfer, you’ll need an account at a participating Canadian financial institution1.
- Secure: Your information is secure, and you won’t need to add any of your personal account information when you send or receive money. Your funds are held in our secure banking network until the recipient answers a security question of your choosing (or the recipient has Autodeposit), which protects your funds from being received by the wrong person.
Features included with Interac e-Transfer
Autodeposit
Autodeposit is a secure way to receive money without having to answer security questions for every transaction. Autodeposit makes receiving money even easier by linking your email address or mobile phone number to your bank account. When an Interac e-Transfer is sent, the payment is automatically deposited.
Request Money
Request money that you’re owed by selecting a contact, entering a dollar amount, and choosing the account where you want your funds deposited. You can even add a personalized message or invoice number. Between friends, it’s an easy way to remind someone.
Sending limits and fees
| Personal Interac e-Transfer limits | ||
|---|---|---|
| Send | Receive |
Per transaction | $3,000 | $25,000 |
Daily rolling | $10,000 | No limit |
7-day rolling | $10,000 | No limit |
30-day rolling | $20,000 | No limit |
| Business Interac e-Transfer limits | ||
|---|---|---|
| Send | Receive |
Per transaction | $10,000 | $25,000 |
Daily rolling | $20,000 | No limit |
7-day rolling | $50,000 | No limit |
30-day rolling | $100,000 | No limit |
Some of our chequing accounts come with free Interac e-Transfers. However, if your chequing account does not include free Interac e-Transfer, you will be charged a non-refundable fee of $1.00 for each transfer you send. Explore our chequing accounts for more details.
Ready to get started with Interac e-Transfer?
Explore our tutorials to learn more about how to transfer funds with Interac e-Transfer.
See all of our tutorials®Interac e-Transfer is a registered trademark of Interac Corp. Used under licence.
1For a full list of participating financial institutions, please see the Interac website. If your financial institution does not subscribe to Interac e-Transfer service, you can still receive their funds by following the link to the Interac site, at which time you’ll be asked to create or log into your Interac account. Additional fees for non-participating FI deposits may apply.
2It can take up to 30 minutes for an Interac e-Transfer notification to be received by its recipient once "Send Money" has been initiated by the sender.