What is an Interac e-Transfer?
An Interac e-Transfer is a fast, secure and convenient way send money to anyone in Canada from within the security of your online banking service. It uses email and text messaging for fast notification to the recipient that a transfer has been been sent, while the participating financial institutions transfer the funds using established and secure banking procedures. To send an Interac e-Transfer, sign in to online or mobile banking at a at a participating financial institution, and look for the option to send an Interac e-Transfer (or Interac Email Money Transfer). All you need is an the email address, and the email address and/or mobile phone number of the person that you are sending money to. Email and/or text messages carry the notification while the financial institutions use existing payment networks to transfer the money to any financial institution in Canada. If your financial institution does not yet offer the service, or if you don’t bank online, you can still deposit transfe
