Interac e-Transfers®

Interac e-Transfer® is a convenient way to send, request and receive money directly from one bank account to another. All you need is access to online or mobile banking, and you can send or request money to anyone with an email address or mobile phone number and a bank account in Canada.

Sending money

  • Only the recipient's email address or mobile phone number is required
  • Email or text messages notify recipients of incoming transfers
  • Create and share a security question that only the recipient will be able to answer. In addition, please ensure that it’s unique and cannot be easily guessed or obtained by others.

Receiving money is equally simple

  • Give your email or mobile phone number to the person sending you the money
  • You’ll receive an email or text message notifying you of the incoming transfer
  • Answer the security question the sender provides you
  • Log in to Online Banking and deposit your funds


INTERAC e-Transfer® – How it works

Interac e-Transfer® fees & limits

A service fee of $1.00 per transaction applies (with the exception of the Complete Package where e-Transfers® are unlimited). There is no fee for receiving funds via e-Transfer®; the sender bears these costs.

The following limits apply when sending funds through Interac e-Transfer®:

  • Transaction limit: $3,000
  • Daily or weekly (7 days) limit: $10,000
  • Monthly limit (30 days): $20,000
The following limits apply when receiving funds through Interac e-Transfer®:

  • Transaction limit: $10,000
  • Daily limit: $10,000
  • Weekly (7 days) limit: $70,000
  • Monthly limit (30 days): $300,000

® Interac e-Transfer is a registered trade-mark of Interac Corp. Used under licence.