The NO FEES, unlimited transactions INTERAC Debit Card.

Interac Email Money Transfer – just like sending cash, only now it’s done electronically

Interac Email Money Transfers are a simple, convenient, and secure way to send and receive money directly from one bank account to another. All you need is access to online banking through a participating financial institution, and you can send money to anyone with an email address and a bank account in Canada — without sharing any personal or financial information. It's a great alternative to cheques and cash.

How your Interac Email Money Transfer is protected

With Interac Email Money Transfers, your money never actually travels by email. Email is only used to notify the recipient and to provide them with instructions on how to deposit money. Your financial institution and your recipient’s financial institution transfer funds using established and secure banking procedures.

Interac Email Money Transfers rely on several security measures

• Encryption technology
• Confidential user IDs and passwords issued by financial institutions
• A secure login process
• A security question and answer to ensure only the intended recipient receives the money
• 128-bit browser encryption

Always be careful when sending money

An Interac Email Money Transfer transaction cannot be reversed, since it’s just like sending cash. If the recipient of the funds has already deposited the transfer, you must obtain a refund directly from the recipient.

The benefits of Interac Email Money Transfer

• Send and receive money directly from and to your existing bank account
• The money can be accessed immediately after the transfer is accepted
• There's no need to share personal or financial information, allowing you to keep your address, phone number and account information private
• The security question protects your transfer from being deposited by unintended recipients
• No need to set up new accounts, user ID or passwords — you're already in online banking
• Email carries the notification, so no need to get stamps or to find a mailbox

Tracking your transfer

As a sender - Interac Email Money Transfer confirmation numbers are saved in your online banking history. In addition, you will receive an email notification once the intended recipient has accepted the transfer.

As a recipient - You will receive an email notification when the transfer is sent, indicating the amount as well as instructions for depositing it.