FAQs
Sign in to your financial institution's online banking service. Upload a request for payment file that includes amount requested and the recipient's email address or mobile phone number. All parties involved (sender, requester, and financial institution) will receive real-time confirmation of payment completion.
How do I create a strong Interac e-Transfer question? ›
DO make the answer hard to guess. Keep in mind it may be between 3 and 23 letters and/or numbers in total. Special characters, such as @, #, $ cannot be used. DON'T select a question that can be answered by 'Yes' or 'No'.
What is bulk e-transfer? ›
Interac e-Transfer Bulk Payables allows you to send money to multiple recipients using an easy and secure file upload capability that supports commercial payments and high-volume transactions. For more information, please contact your financial institution: Participating Financial Institutions.
How do I receive an Interac e-Transfer without security questions? ›
Interac e-Transfer Autodeposit lets you receive money without the need to answer a security question
- Sign in to Online Banking. ...
- On the Pay Bills & Transfer Funds page, on the right-hand side in the box labelled Related Services, select Register for Interac e-Transfer Autodeposit.
Can you e-transfer more than $3000? ›
Sending e-transfers:
Maximum per transfer sending limit: $3,000. Daily rolling* sending limit: $10,000. Cumulative maximum 7 day rolling sending limit: $10,000. Cumulative maximum 30 day rolling sending limit: $20,000.
What is the best question for Interac? ›
Tips on security questions.
Q: What's the name of my dog? Q: What colour is the sky? Remember – it is your responsibility to build a strong security question to ensure that only the intended individual becomes the recipient of the Interac® e-Transfers.
How many times can you get an e-transfer question wrong? ›
After four unsuccessful attempts, the recipient of your Interac e-Transfer® will no longer be able to receive the transfer. You'll receive an email indicating that the recipient did not answer the question correctly.
How does bulk transfer work? ›
A bulk payment is a system that allows a company/individual to make debit payments to multiple beneficiaries. For instance, payouts. Here, the bulk list is the list of beneficiaries that the creditor intends to pay from a single account. The creditor's bank statement reflects this bulk transfer as a single payment.
What is the difference between e-transfer and Interac e-Transfer? ›
One further distinction is that EFTs can only be used to transfer money between bank accounts in your name, whereas Interac e-Transfers can be used to send money to a third party—like the colleague who spotted you lunch money the day you forgot your wallet.
How do I transfer a bulk amount to another account? ›
Customers can remit any amount using NEFT Customer intending to remit money through NEFT has to furnish the following particulars: IFSC (Indian Financial System Code) of the beneficiary Bank/Branch. Full account number of the beneficiary.
You can register multiple email addresses per account for Interac e-Transfer Autodeposit. However, once an email is registered, it cannot be used again with another account. A maximum of 5 email addresses per customer can be registered for the Autodeposit feature.
What happens if someone never accepts my e-transfer? ›
Receivers have the option of accepting or declining an Interac e-Transfer. If the receiver declines the transfer, the sender can either cancel the payment to retrieve the funds or resend the e-mail transfer. You can cancel an Interac e-Transfer at any time, as long as the recipient has not deposited the funds.
Can you use Interac e-Transfer internationally? ›
If you need to send money to someone overseas, you can also choose to pay using Western Union money transfers via Interac e-Transfer. In this case your recipient can collect their money from a Western Union location in cash, in as little as 30 minutes after you arrange the transfer online.
How do I increase my Interac e-Transfer limit? ›
To change your Interac e-Transfer limit, give us a call at 1-800-472-6842 or visit a branch.
How can you tell a fake e-transfer? ›
A fake email or text will likely be from a different address and have wording that is different from that of a legitimate message. It will also likely have spelling errors. Another red flag that you're receiving a fake e-transfer is that the funds are being sent from a company.
Why do I need a security question for Etransfer? ›
The use of the security question and answer acts as an additional security measure to validate that only the sender's intended recipient can collect the Interac e-Transfer(s). The sender sets the question when they send the transfer. The question is something only the intended recipient can answer.
What is an Interac e-Transfer request? ›
An Interac e-Transfer® money request allows a recipient to request a transfer from you via email or text message. Important: If you accept the request, the funds will be sent directly to the recipient. Once the request has been accepted, it can't be cancelled.