Interac - For Business

 

Simplify and streamline
business payments*

 

Interac e-Transfer is an easy way for businesses to send, request and receive money directly from one bank account to another. Use it to get paid quickly, all through the convenience of online or mobile banking through a participating financial institution. You can send or request money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information.*

 

Simplify and streamline
business payments*

Interac e-Transfer is an easy way for businesses to send, request and receive money directly from one bank account to another. Use it to get paid quickly, all through the convenience of online or mobile banking through a participating financial institution. You can send or request money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information.*

 

 

 

 

 

Get paid quickly with Request Money*

 

Easily request money you are owed with the Interac e-Transfer Request Money feature including the option of adding an invoice number and due date with certain financial institutions. When you send a request for money, the recipient is notified instantly and can accept the request. If accepted, the requested amount will be automatically deposited into your account and you will be notified when funds are available.

For senders, there is added convenience of not needing to convey security answers while continuing to have the security of knowing who is receiving the funds, prior to sending.

Request money instantly:

  1. Log in to your financial institution's online banking or mobile banking and navigate to Interac e-Transfer Request Money.

  2. Type in the specified amount you are requesting and select the account you would like the funds to be deposited into. You can even include a personalized message with the request.

  3. You may have the option to add an invoice number and due date for the request.

  4. Once the recipient has fulfilled your request, funds will be directly deposited into your bank account and you will be notified immediately.

Use Request Money at these Participating Financial Institutions

 

         Scotiabank web    TD web

 

 

 

 

Use Request Money at these Participating Financial Institutions 

 

 ATBFinancialR Logo Oct31 

ATB Web   

BMO Web   

RBCweb   

Scotiabank

 

TD

Money straight into your account with Autodeposit*

 

The new Autodeposit feature allows you to have money sent via Interac e-Transfer automatically deposited directly into your bank account, without having to answer a security question for every transaction. The Autodeposit feature continues to provide the value of Interac e-Transfer, without the need to share financial information.

For senders, there is added convenience of not needing to convey security answers while continuing to have the security of knowing who is receiving the funds, prior to sending.

Set-up is simple:

  1. Log in to your financial institution's online or mobile banking and navigate to Autodeposit, typically found in the Interac e-Transfer settings.

  2. Register your e-mail address and link your account. Any transfers to the registered email addressed will be automatically deposited into the account.

  3. You will receive an email to confirm your registration. Check your inbox and click "Complete Registration".

 

 

 

Register for Autodeposit at these Participating Financial Institutions

 

         Scotiabank web    TD web

 

 

 

 

Register for Autodeposit at these Participating Financial Institutions 

 

 ATBFinancialR Logo Oct31 

ATB Web   

BMO Web   

RBCweb   

Scotiabank

 

TD

 

 

 

Send Money directly from one bank account to another* 

 

Send money using Interac e-Transfer to simplify everyday payments and a great alternative to cheques and cash.

Send money today:

  1. Log in to your financial institution's online or mobile banking and navigate to Interac e-Transfer Send Money.

  2. Select the account you would like funds transferred from.

  3. Add or select a contact and fill out the name and e-mail address or mobile phone number of the person you wish to send money to.

  4. Type in the specified amount you are sending, along with a personalized message. Enter a security question and answer if the recipient doesn’t have the Autodeposit feature turned on and complete the transfer.

  5. The recipient will receive a notification and can deposit the funds to their account through their online or mobile banking.

What financial institutions offer Interac e-Transfer?

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


Interac e-Transfer Bulk Disbursement is a convenient and secure way to pay multiple recipients*

 

Interac e-Transfer Bulk Disbursement is a streamlined, secure, and cost-efficient way to send bulk payments in a single file upload, without the need for recipients’ banking information. Recipients can receive immediate payments anytime, anywhere through online or mobile banking. It also eliminates the need to issue, track or reconcile costly cheques or handle cash payments.

How does it work?

  1. Create a bulk disbursement file that includes the payment amounts and the recipients’ email address or mobile phone number and send it to your financial institution.

  2. Your financial institution will process the payment file and an Interac e-Transfer notification will be sent to each recipient on your behalf

  3. Once a notification is received, funds can be deposited immediately to their bank account through online or mobile banking

  4. Your business will receive regular reconciliation reports

 

 

 

 

 

What are the benefits of Interac e-Transfer Bulk Disbursement?

  • Customization - Businesses can customize notifications so customers see your brand and know exactly where the funds are coming from
  • Reporting - Payments are tracked and reported through same-day and end-of-day reports
  • Flexibility - Real-time and overnight processing options and ability to set customized expiration dates and reminder notifications
  • Fraud prevention- Leverage Interac’s world class fraud management capabilities.

Contact a participating financial institution to register your business for Interac e-transfer Bulk Disbursement today

Financial institutions that offer Interac e-Transfer Bulk Disbursement

 

                            Scotiabank web       TD web

 

 

Financial institutions that offer Interac e-Transfer Bulk Disbursement

 

BMO Web  

BMO Web   

RBCweb   

Scotiabank 

TD

*Available with participating financial institutions

*® Trademark of The Bank of Nova Scotia, used under license.