Autodeposit provides the ability for you to register an email address or mobile phone number with Interac and associate the address with an SCU account. On receipt of an Interac e-Transfer, funds are deposited directly to the recipient's account without the need to log into digital banking to claim the funds.

Autodeposit is available for business and personal members using online banking and our mobile app. Autodeposit is not available for enterprise banking offered on our Member Direct^® Business Services (MDB).
 

Personal and business members can register up to five email addresses or mobile phone numbers with each Interac e-Transfer^® profile.

For Autodeposit, each email address can be activated at only one financial institution at a time. If you register and activate your email address at one financial institution, then later register and activate the same email address at another financial institution, the email address at the first financial institution will be deactivated, automatically allowing funds to be sent to the second financial institution indicated.
 

No, Autodeposit has the same limits for sending and receiving funds as a standard Interac e-Transfer^®.

Any Interac e-Transfer Send Money request initiated from a financial institution that does not support Autodeposit will require the recipient to select their financial institution and answer the security question to receive funds.

No, if the recipient has enabled the Autodeposit feature, they have chosen to receive transfers directly into their bank account without the need to answer a security question.

You will be notified via email or text message when the funds have been deposited directly into your account, along with details of the transaction and any messages the sender may have added.

Money being sent to a recipient who has registered for Autodeposit will take the same time as a regular Interac e-Transfer transaction. For personal members, most transfers will be sent in near real-time, typically less than 30 minutes. Once the Interac e-Transfer notification arrives, the recipient will have instant access to the money.

Transfers can only be cancelled if they haven't already been deposited. To cancel an Interac e-Transfer transaction, you need to locate the transfer in the Interac e-Transfer Pending Transfers. If the transfer doesn't appear in this list, then the deposit has completed and can no longer be cancelled.

Autodeposit registrations are permanent as long as the registration is active. Autodeposit registrations might require revalidation after a period of inactivity.

Online banking

1. Go to Transfers & Payments.
2. Under Interac e-Transfer, select Autodeposit settings.
3. Press the red trash bin icon beside the registration you'd like to remove.

Mobile app

1. Go to the main menu.
2. Under Interac e-Transfer, select Autodeposit settings.
3. Press the red trash bin icon beside the registration you'd like to remove.

To change your contact method, you will need to log in to your digital banking account and access the Interac e-Transfer Autodeposit settings page. Then, delete the registration with the incorrect/outdated email and add the revised email address for registration. You will then need to confirm the new email address by following the instructions in the email you’ll receive from Interac.

No, only one signer is required to register for Autodeposit feature, even if the business requires dual signers.