Interac e-Transfer for businesses

INTERAC e-Transfer: a simple way to send and receive payments

Using Interac e-Transfer® can help save you time. Pay your suppliers and receive payments from clients at any time online or on the app¹.

Simple

To send money using Interac e-Transfer, sign in to your online banking. All you need is the email or phone number of the recipient.¹

Fast

Access your transfers online, 24/7, 365 days a year. You can also schedule transfers so that your recipients receive them on the date of your choice. This can help you optimize how you pay your invoices and collect payments from clients

Secure

Interac e-Transfer offers multiple layers of security: secure sign-in, encryption technology, and a security question for the recipient.

How do I accept and deposit an Interac e-Transfer®?

If you’ve received money by Interac e-Transfer, you can accept and deposit the money by answering the sender’s security question.

You can also set up Autodeposit to make receiving money easier. Money sent to your chosen email address or mobile number will be automatically accepted and deposited into your account—no (security) questions asked.

INTERAC e-Transfer at a glance

$0

Receiving funds is always free of charge. Certain fees may apply when sending funds depending on your package.¹

$25,000

The maximum amount that can be sent per 24-hour period.

$100,000

The maximum amount that can be sent per week.

30 minutes

Average processing time.

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The little details that matter

® INTERAC e-TRANSFER is a registered trademark of Interac Corp. Used under licence.

1. To send an Interac e-Transfer®, you need to sign up for online banking for business, and know the email address or phone number of the person you're sending the money to. The recipient must have an online bank account at a participating Canadian financial institution.

Service charges may apply when sending a transfer using the Interac e‑Transfer service and transaction fees may be added depending on the type of bank account, package or plan you have. Please consult the Fee Guide – Banking Services for Businesses for details.