Interac e-transfer Frequently Asked Questions

  1. What is Interac e-transfer?
  2. Which banks will allow me to make a deposit via Interac e-transfer?
  3. I don’t have a bank account with these banks?
  4. Do I need to setup any account with Interac e-transfer to proceed?
  5. How do I fund my account using Interac e-transfer?
  6. What are the available currencies for making a deposit via Interac e- transfer?
  7. Are there any fees associated with Interac e-transfer Deposit?
  8. How long does it take to receive the money transferred into my account?
  9. Can I withdraw to Interac e-transfer?

1. What is Interac e-transfer?

Interac e-transfer is an email based online banking facility in Canada. It is quick, secure and simple solution to process payments on the internet.

2. Which banks will allow me to make a deposit via Interac e-transfer?

Please Click here for a complete list.

3. I don’t have a bank account with these banks?

Unfortunately, you cannot make a deposit unless you have a bank account with one of these banks.

4. Do I need to setup any account with Interac e-transfer to proceed?

No, only a bank account with online banking is required. There is no need to setup any account with interac e-transfer.

5. How do I fund my account using Interac e-transfer?

  1. Log in to your account.
  2. Go to the 'Cashier' tab and select 'Deposit'.
  3. You will now see the Interac e-transfer logo. To select this deposit option simply click on the icon.
  4. Enter or select your deposit amount and bonus code (if applicable), then click on 'Deposit'.
  5. You will be redirected to Interac e-transfer page where you can see all the instructions required to complete the transaction. Make note of the Recipient email Id and the Message/Tracking Id required to complete the payment.
  6. Login to your online banking.
  7. Select interac e-transfer and complete the payment.
  8. You will receive an instant confirmation and you will be redirected back to the Cashier.

6. What are the available currencies for making a deposit via Interac e- transfer?

CAD.

7. Are there any fees associated with Interac e-transfer Deposit?

No, we do not charge any fees for Interac e-transfer deposits.

8. How long does it take to receive the money transferred into my account?

Once you complete the payment in your online banking page, money will be transferred to your account instantly.

9. Can I withdraw to Interac e-transfer?

Interac e-transfer is also available as a withdrawal option.