Receiving an Interac e-Transfer Is Even Easier with Autodeposit. (2024)

FAQs

Is Interac e-Transfer available in the US? ›

Interac e-Transfer is not available in the United States but it is possible to send money from a Canadian bank to the U.S. via Interac's partnership with MasterCard and Western Union.

Yes. Autodeposit enjoys the same bank-grade security standard as Interac e-Transfer. Interac e-Transfer is one of the safest digital money transfer services in the world.

Autodeposit

If you have registered your email address for Autodeposit, and the Sender used your email address, and the transaction is successful, the money will be deposited into your account automatically without the need to answer a security question.

How to Receive an Interac e-Transfer: If you are set up for auto deposit the money will go directly into your account. If not, you will receive a link via text message or email. Click through the link, answer the security question and choose which bank account you want to deposit the funds into.

To be successful Interac requires a strong Banking system with nation wide coverage and good communications & willing to accept progress . While the US has some large Banks they don't seem to be as up to date on technology or as customer friendly as Canadian ones .

Interac Debit is made to be a simple, secure, and easy way to pay for your everyday purchases, and is accepted across Canada and approximately 2 million retailers in the United States.

If you use Autodeposit to bypass the email step of a transfer, fraudsters who gain access to your email account can't intercept the message and therefore can't intercept the funds, as transfers will be automatically deposited in your account following routine fraud checks by your financial institution, without any ...

Please note: If there's no “Cancel” option for you to select, it is no longer possible to cancel that Interac e-Transfer. Also, if the recipient is registered for Autodeposit, the transfer is processed and cannot be reversed.

Receiving money is fast and safe with Interac e-Transfer. From splitting a bill with friends to getting paid for a gig, whether you're requesting pay or receiving it, you can be confident that your money will be sent safely and quickly.

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 I receive an e-transfer if I don't have online banking? ›

You can transfer money to people who do not bank online with a participating financial institution. However, they may be charged an additional service fee.

Interac e-Transfers are one of the quickest ways to send money to another person or to yourself, with funds typically arriving in under 30 minutes. Money sent through e-Transfers are available immediately, unlike EFTs, which can be subject to a hold period.

If you were expecting an Interac e-Transfer but didn't receive it, check your spam folders or contact the sender to make sure they have the correct email address. If the sender uses an email that you've registered for Autodeposit, the transfer is processed immediately and cannot be reversed.

To make an international transfer via Interac e-Transfer, you'll need to take the following steps³: Log into your online banking. Follow the steps to process the payment. Depending on the destination you may need to set a security question for your recipient to answer to get their money.

For instance, Interac e-Transfer is the Canadian equivalent to Zelle, providing instant person-to-person transfers via bank and credit unions. As of 2023, Interac e-Transfer has 250 participating banks and credit unions. (It lists Desjardin Group, a federation of 213 credit unions, as a single entity).