INTERAC® e-Transfer gives you the freedom to send and receive money quickly and securely between Canandian Financial Institutions - using a computer and/or mobile phone.

A text message and/or email notifies the recipient that money is waiting for them.

Benefits:

• Send and receive money directly from/to your existing bank account.
• The money can be accessed immediately after the transfer is accepted.
• You don't need to share financial account information, only a phone number or email address.
• The security question protects your transfer from being deposited by unintended recipients.
• No need to set up new accounts, user ID or passwords if you already bank online.
• Email and/or text message carries the notification, so no need for printing or mailing.
• Sending an eTransfer costs only $1.50.
• Receiving an eTransfer is free!

Limits:

Sending

• Maximum sending limit is $3000 per transaction
  • Maximum of $10,000 in a 24 hour period
• Maximum sending limit per 7 days is $10,000
• Maximum sending limit per month is $20,000

• Maximum receiving limit per transfer is $10,000
  • Maximum of $10,000 per day
• Maximum receiving per 7 days is $70,000
• Maximum receiving per 30 days is $300,000

For a list of Frequently Asked Questions about e-Transfers, click here.