Interac - For Consumers

 

The fast, secure way
to send and receive money

Interac e-Transfer is a convenient way to send and receive money directly from one bank account to another. All you need is access to online or mobile banking through a participating financial institution, and you can send money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information.

The fast, secure way
to send and receive money

Interac e-Transfer is a convenient way to send and receive money directly from one bank account to another. All you need is access to online or mobile banking through a participating financial institution, and you can send money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information.

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What is it used for?

Interac e-Transfer is a great alternative to cheques and cash. Canadians are using it to simplify their everyday person-to-person payments, for things like:

  • Settling up for a group dinner bill
  • Sending your portion for a shared gift
  • Paying for recreational sports club fees
  • Paying rent
  • Paying for household services, like cleaning and dog walking

For specifics on how to send and receive an Interac e-Transfer, see our FAQs.


Why use Interac e-Transfer?


Why use Interac e-Transfer?

Fast

It's fast

Over 50 per cent of transfer notifications are now received instantly, allowing for immediate access to funds once deposited through online banking.

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It's secure

Money is transferred directly between financial institutions - without sharing any personally identifiable financial information. Users are protected with multiple layers of security. Learn more.

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It's easy

Only a recipient’s email address or mobile number is required to send money. To get started, log in to your online bank account and follow your participating financial institution’s instructions to add a recipient and begin sending money.

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It's convenient

Transactions can be conducted anytime, anywhere via online or mobile banking, meaning Canadians have 24/7 access, 365 days a year. Users have access to the service through 255 participating financial institutions.

“I just wanted to contact you to say how much we enjoy using your service. Whenever we have a shift we cannot fill, we offer a $50 to $100 Interac e-Transfer as incentive to our staff. When we started using your service most of them had no idea what an Interac e-Transfer was, however now it’s become a regular practice! Great service!”

- Nathan Butcher, Director of Staff Operations, Montreal Institute of Swimming

How it works

What financial institutions offer Interac e-Transfer?

You can use Interac e-Transfer at over 250 participating financial institutions:


Your Interac e-Transfer transaction is protected

Your money does not travel by email or text message – only notifications and deposit instructions do. Your financial institution and the recipient’s financial institution exchange funds using established and secure banking procedures. There are security measures in place to protect your Interac e-Transfer transaction. Learn more.

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Your Interac e-Transfer transaction is protected

Your money does not travel by email or text message – only notifications and deposit instructions do. Your financial institution and the recipient’s financial institution exchange funds using established and secure banking procedures.

There are security measures in place to protect your Interac e-Transfer transaction. Learn more.

We're here to help.

Having trouble with an existing Interac e-Transfer transaction?