The NO FEES, unlimited transactions
Only in Canada
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.
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.
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.
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.
Visit our Interac Email Money Transfer Frequently Asked Questions