Interac e-Transfer Limits of Canadian Banks and Credit Unions

The easiest way to send and receive money in Canada is Interac e-Transfer. Money can be sent to anyone with an email address or a phone number in Canada, along with a Canadian bank account. Interac e-Transfer is available at over 250 participating financial institutions across Canada, including all the major banks. There is, however, a limit to how much money can be sent via e-Transfer. This limit is set by financial institutions individually. Listed below are the transfer limits of some of the major Canadian banks and credit unions.

Interac e-Transfer Limits of Canadian Banks and Credit Unions

Name of Bank / Credit Union	Daily Limit	7-Day Limit
Royal Bank of Canada (RBC)	$10,000	Not published
Toronto-Dominion Bank (TD)	$3,000	$10,000
Bank of Nova Scotia (Scotiabank)	Varies by client	Varies by client
Bank of Montreal (BMO)	$3,000	$10,000
Canadian Imperial Bank of Commerce (CIBC)	$3,000	$10,000
National Bank	$4,000	$14,000
Desjardins Group	$5,000	Not published
Laurentian Bank	Not published	$10,000
EQ Bank	$5,000	$20,000
Tangerine	$3,000	$10,000
Simplii Financial	$3,000	$10,000
Wealthsimple (default limits)	$5,000	$10,000
KOHO	$5,000	Not published
ATB Financial	$5,000	$35,000
Manulife Bank	$3,000	$10,000
Vancity Credit Union	$10,000	$10,000
Meridian Credit Union	$3,000	$10,000
Coast Capital Savings Credit Union	$3,000	$10,000
Alterna Savings	$3,000	$10,000
Alterna Bank	$3,000	$10,000

Sending limits for personal chequing accounts. Limits can vary by account type, and some institutions set them per client, so yours may differ.

Banks and credit unions also cap how much you can receive. The most common limit is $25,000 per incoming transfer, which is what Desjardins, Laurentian Bank, EQ Bank, ATB Financial, Manulife Bank, Vancity and Alterna publish. RBC, TD, Scotiabank, BMO, CIBC and National Bank don’t publish a receiving limit, so if a large transfer to you is declined, check with your bank. A few institutions set lower or cumulative caps on what you can receive:

Bank / Credit Union	Per Transfer	Other Receiving Limits
Tangerine	Not published	$10,000 daily, $70,000 weekly, $300,000 monthly
KOHO	$10,000	$10,000 daily, $40,000 per 30 days
Coast Capital	Not published	$10,000 daily, $70,000 weekly, $300,000 monthly

Personal accounts. Figures are from each institution’s website as of October 2026. “Not published” means the institution doesn’t state a figure there.

With Request Money, you send someone a request and they approve the payment from their own bank. How much you can request, and whether you pay a fee, depends on your bank. Some banks charge the fee only once the request is paid. A few don’t let you send requests at all, though you can still pay requests that others send you.

Bank / Credit Union	Maximum per Request	Fee to Request
RBC	$10,000	Free
TD	Not published	$0.50–$1, charged when paid; free on Every Day, Unlimited, All-Inclusive and Student Chequing
Scotiabank	Not published	Not published
BMO	Not published	Not published
CIBC	$10,000	$1.50, charged when paid; waived like the send fee
National Bank	Not offered	—
Desjardins	Not offered	—
Laurentian Bank	Not published	$1, charged when paid
EQ Bank	Not offered	—
Tangerine	Not published	Not published
Simplii Financial	$10,000	Free
Wealthsimple	Not offered	—
KOHO	Not published	Free
ATB Financial	$3,000	Free
Manulife Bank	Not published	Not published
Vancity	$6,000	$0.90, only if the request is paid; free on most chequing
Meridian	Not published	$1
Coast Capital	Not published	$1.50 on some accounts
Alterna Savings	$3,000	$1.20 if not included in your package
Alterna Bank	$10,000	$0.80 if not included in your account

Personal accounts. Figures are from each institution’s website as of October 2026. “Not published” means the institution doesn’t state a figure there.

Most chequing packages include e-Transfers, but pay-as-you-go and savings accounts often pay a fee for each transfer sent. Cancelling a transfer can also cost money, and some banks charge a fee to reclaim an expired transfer that you didn’t cancel in time. None of these institutions lists a fee to receive an e-Transfer.

Bank / Credit Union	Send	Cancel	Reclaim
RBC	Free from chequing; $1 from savings	Free	$5 to the sender if an expired transfer isn’t cancelled in time
TD	Free from chequing; $0.50–$1 from other accounts	Free	Not published
Scotiabank	Counts toward chequing transactions; $1 if not included	Free	Not published
BMO	Included in bank plans; otherwise $1 plus a transaction fee	$5 (free on the day you send it)	Not published
CIBC	$1.50; free on Smart and Everyday accounts	$3.50	Not published
National Bank	Free with a monthly package; $1.25 otherwise	$3.50	Not published
Desjardins	Free with a transaction plan; transaction fees otherwise	Free until 11:59 p.m. ET the day sent; $3.50 after	Free
Laurentian Bank	$1; free with the Unlimited Account	No fee, but the $1 send fee isn’t refunded	No fee, but the $1 send fee isn’t refunded
EQ Bank	Free	Free	Not published
Tangerine	Free	Not published	Not published
Simplii Financial	Free	$3.50	Free
Wealthsimple	Free	Not published	Not needed; funds return automatically
KOHO	Free	Free	Not published
ATB Financial	Free on most chequing accounts; $1.50 on Pay As You Go and savings	$3	Not needed; funds return automatically
Manulife Bank	$1; free on Manulife One and the All-in Banking Package	Not published	Not published
Vancity	$0.90; free on most chequing accounts	No fee, but the send fee isn’t refunded	No fee, but the send fee isn’t refunded
Meridian	$1 after the transfers included in your package	Not published	Not published
Coast Capital	$1.50; free with Unlimited and Elevate Chequing	Not published	Not published
Alterna Savings	$1.20 if not included in your package	No fee, but the send fee isn’t refunded	No fee, but the send fee isn’t refunded
Alterna Bank	$0.80; free with eChequing	No fee, but the send fee isn’t refunded	No fee, but the send fee isn’t refunded

Personal accounts. Figures are from each institution’s website as of October 2026. “Not published” means the institution doesn’t state a figure there.

Royal Bank of Canada (RBC) clients can send up to $10,000 per day by Interac e-Transfer through the RBC Mobile app once they have verified their identity, though limits vary by client. You can check your limit under ‘Daily Transaction Limits’ in the RBC online banking portal or the RBC Mobile app. To ask about a higher limit, contact an RBC advisor at 1-800-769-2555. A 7-day and a 30-day transfer limit has not been specified by RBC. RBC’s minimum sending limit is $0.01.

Fees: There is no fee for outgoing and incoming transactions or to cancel transactions from personal chequing accounts. A fee of $1 applies to each transfer sent from a personal savings account. Transfers expire 30 days after they are sent. If one expires without being accepted and you don’t cancel it in time, RBC returns the money to you and charges you, the sender, a $5 reclaim fee. To avoid the fee, cancel an unaccepted transfer as soon as possible.

Cancelling a transfer: A transfer can be cancelled as long as it hasn’t been deposited into the recipient’s bank account. To cancel an RBC e-transfer, you can log into online banking, go to ‘Pay Bills and Transfer Funds,’ select ‘Payment History,’ select the confirmation code of the e-Transfer from the payment history, and click on ‘Cancel Payment’ from the transaction detail page. If there is no option to cancel, it means that it is no longer possible to cancel the transfer.

TD e-transfer limits and fees for outbound transfers are as follows:

• Limit Per Transfer: $3,000
• Daily Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Fees: Free from TD personal chequing accounts; $0.50 if up to $100 sent, $1 if over $100 sent from other accounts, such as savings

The limits are rolling limits based on the time of the last transfer. TD doesn’t publish its limits on its website, and yours may differ; you can see them in EasyWeb under ‘Fees and Limits’ and then ‘Maximum Amounts.’ Sending an Interac e-Transfer is free from TD’s personal chequing accounts: the TD Minimum, Every Day, Unlimited and Student Chequing Accounts, the TD All-Inclusive Banking Plan, the Plan 60 and Preferred Chequing Accounts, and the TD Wealth Private Banking Account. From other TD Bank accounts, such as savings accounts, each transfer costs $0.50 if it is $100 or less and $1 if it is over $100. Requesting money costs the same $0.50 or $1, charged when the request is paid, except on the Every Day, Unlimited, Student and All-Inclusive accounts, so it does apply to the Minimum Chequing Account.

Cancelling a transfer: You can cancel any pending transfers. To cancel a TD e-Transfer, you can log in to the TD App or EasyWeb and find the transaction in the Interac e-Transfer history. TD does not charge personal account holders a fee to cancel a transfer.

Scotiabank’s Interac e-Transfer limits depend on the account’s transaction limits; thus, different accounts may have different transaction limits. You can view your daily and weekly Interac e-Transfer limits by logging into the Scotiabank mobile app or Scotiabank’s online banking portal. After logging in, look for ‘View Transaction Limits’ under ‘Profile and Settings.’ You can change your limit yourself, temporarily or permanently, in the Scotia mobile app under ‘Profile and settings’ and then ‘Manage transaction limits.’ A temporary change lasts 2 calendar days. If you need a higher limit than the app offers, call Scotiabank at 1-800-472-6842 or visit a branch.

Fees: Sending an e-Transfer from a Scotiabank chequing account has no separate fee, but each one counts toward the debit transactions included in your plan: 18 a month on the Basic Bank Account, 25 on Basic Plus, and unlimited on the Preferred and Ultimate Packages. Extra transactions cost $1.25 each. From an account that doesn’t include e-Transfers, such as a savings account, each transfer costs $1. There is no fee to stop an e-Transfer.

BMO e-Transfer limits and fees for new accounts are as follows:

• Limit Per Transfer: $3,000
• Daily Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Fees: $1 per transfer (unless waived)

BMO doesn’t say on its website whether these limits can be raised, so contact BMO by phone or at a branch to ask. Sending e-Transfers is included in BMO’s Everyday Bank Plans. If your account isn’t on a plan, a $1 Interac e-Transfer fee applies to each transfer, on top of the account’s regular transaction fee.

Cancelling a transfer: An e-Transfer can be cancelled through the BMO online banking portal or the mobile banking app if it hasn’t been deposited to the recipient’s account. A $5 cancellation fee applies, unless you cancel the transfer on the same day you sent it.

CIBC e-Transfer limits and fees for outbound transfers are as follows:

• Limit Per Transfer: $3,000
• Daily Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $30,000
• Fees: $1.50 per transfer (unless waived)

The transfer fee is included with some bank accounts, while others pay $1.50 per transaction. There is no fee to receive an e-Transfer. If you want to receive money from your contacts, CIBC lets you request up to $10,000. CIBC says clients can’t increase its e-Transfer limits.

Cancelling a transfer: A pending CIBC e-Transfer can be cancelled through the CIBC online banking portal or the mobile banking app. To stop a transfer, a fee of $3.50 will have to be paid.

The maximum amount that can be sent by e-Transfer within a 24-hour period is $4,000, and in a 7-day period is $14,000. There is no specified limit for receiving e-Transfers, and the sending limit can’t be changed. National Bank accounts with a monthly package have no fee, other accounts have a fee of $1.25 per transfer. National Bank doesn’t offer Interac Request Money, but you can still pay requests sent to you.

Cancelling a transfer: National Bank e-Transfer can be cancelled through the National Bank online banking portal or the mobile banking app as long as they have not been deposited to the recipient's account. To cancel a transfer, a fee of $3.50 will be charged.

Desjardins e-Transfer limit is set at $5,000 for a 24-hour period, and you can send the entire amount at once. It should also be noted that the limit cannot be increased. Meanwhile, the maximum amount for a single incoming transfer is $25,000. If you have a monthly transaction plan, you won’t have to pay any additional fee for a transfer. If you exceed the number of transactions for the month or if you don’t have a plan, standard transaction fees will apply.

Cancelling a transfer: A transfer can be cancelled as long as it hasn’t been accepted by the recipient. Cancelling is free until 11:59 p.m. (ET) on the day you send the transfer, and costs $3.50 after that. There is no fee if the transfer expires or the recipient declines it. Transfers sent to a recipient with Autodeposit can’t be cancelled. Desjardins members can receive and pay money requests, but can’t send them.

Moving to National Bank: Laurentian Bank’s retail and small business banking is being transferred to National Bank. The transaction is expected to close on November 1, 2026, and personal accounts are scheduled to migrate over the weekend of November 6 to 8, 2026, with clients banking at National Bank from November 9. Some banking products and services will be unavailable during the migration weekend. Outgoing e-Transfers that are still pending when the migration starts will be cancelled and have to be sent again from National Bank, so ask recipients to accept them before November 6, and accept incoming transfers quickly. Autodeposit settings don’t carry over and need to be set up again at National Bank, which also doesn’t offer Interac Request Money. See National Bank’s migration page for details. The limits below apply to Laurentian Bank accounts until the move.

The limits set by Laurentian Bank for outgoing Interac e-Transfers and applicable fees are as follows:

• Limit Per Transfer: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Fees: $1 per transfer, free with the Unlimited Account (additional withdrawal fee may apply)

The maximum limit for an incoming transfer is set at $25,000. To send money via Interac e-Transfer from a Laurentian Bank account, a $1 fee is applicable per transaction, unless you have the Unlimited Account, which includes free e-Transfers. Additionally, depending on your banking package, you may have to pay a withdrawal fee.

Cancelling a transfer: A transfer can be cancelled as long as it hasn’t been deposited into the recipient’s bank account. The transaction fee is non-refundable even if you cancel the transfer.

EQ Bank Interac e-Transfer limits and fees for outgoing transfers are as follows:

• 24-hour Limit: $5,000
• 7-Day Limit: $20,000
• 30-Day Limit: $50,000
• Fees: Nil

The maximum limit for incoming transfers is $25,000 per transfer. EQ Bank does not charge any fee for sending or receiving e-Transfers. You can’t send a money request from EQ Bank, but you can fulfill a request you receive from someone else.

Tangerine e-Transfer limits and fees for outbound transfers are as follows:

• Limit Per Transfer: $3,000
• 24-hour Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Fees: Nil

Tangerine e-Transfer limits for inbound transfers are as follows:

• Daily Limit: $10,000
• Weekly Limit: $70,000
• Monthly Limit: $300,000

Tangerine Bank offers free of cost e-Transfers. Transfers that haven’t been deposited to the recipient's account can be cancelled. Tangerine says its e-Transfer limits are set by Interac and it can’t change them.

Simplii e-Transfer limits and fees are as follows:

• Per Transfer: $3,000
• 24-hour Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $30,000
• Fees: Nil

Simplii Financial does not charge any fee for sending or receiving Interac e-Transfers. You can also request your contacts to send you up to $10,000 from your Simplii Financial online banking portal.

Cancelling a transfer: Simplii Financial e-Transfers can be cancelled as long as they have not been deposited to the recipient's account. To cancel a transfer, a fee of $3.50 will have to be paid.

Wealthsimple e-Transfer limits and fees are as follows:

• Per Transfer: $25,000
• 24-hour Limit: $5,000 (default)
• 7-Day Limit: $10,000 (default)
• 30-Day Limit: $30,000 (default)
• Fees: Nil

A single transfer can be up to $25,000, but it also has to fit within your daily limit, so with the default limits the most you can send at once is $5,000. If you’re eligible, you can raise your daily limit in $1,000 steps up to $50,000 under ‘Sending limits’ in your chequing account settings, and the 7-day and 30-day limits rise with it. For example, a $25,000 daily limit comes with a $50,000 7-day limit and a $150,000 30-day limit. The limits are rolling and are shared across all of your Wealthsimple chequing accounts.

Wealthsimple lets you send and receive money from your Wealthsimple chequing account. The Wealthsimple chequing account does not have any transaction fees. You can pay Interac money requests sent to you, but you can’t yet send an Interac Request Money to someone else.

The maximum daily limit for outbound KOHO e-Transfers is $5,000. $5,000 is also the maximum limit for a single outbound transfer. A weekly or monthly limit has not been specified. Meanwhile, verified KOHO accounts on every plan can receive up to $10,000 per transfer, $10,000 per day and $40,000 per 30 days. KOHO doesn’t charge fees to send, receive, request or cancel e-Transfers, and says the limits can’t be increased.

ATB Financial’s outgoing Interac e-Transfer limits and fees are as follows:

• Limit Per Transfer: $5,000
• 24-hour Limit: $5,000
• 7-Day Limit: $35,000
• 30-Day Limit: $150,000
• Fees: $1.50 per transfer (unless waived)

The limits are rolling limits. The maximum incoming Interac e-Transfer limit per transaction is $25,000. ATB Financial offers unlimited free Interac e-Transfer on its Basic, ATB Advantage, No-Fee All-In Digital, Unlimited, Generation and Freedom accounts. Other accounts are charged a fee of $1.50 every time they send money. Receiving money through an e-transfer is free of cost. Cancelling a sent e-Transfer costs $3, and you can request between $1 and $3,000 per transaction.

Manulife e-Transfer limits and fees for outbound transfers are as follows:

• Limit Per Transfer: $10 - $3,000
• 24-hour Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Fees: $1 per transfer (unless waived)

The maximum limit per incoming transfer is $25,000. The transaction fee for an outgoing transfer is $1. This fee is waived for some Manulife Bank accounts, while some accounts get a limited number of free transactions every month.

Vancity e-Transfer limits and fees for outbound transfers are:

• Limit Per Transfer: $6,000
• Daily Rolling Limit: $10,000
• Cumulative Maximum 7-Day Rolling Limit: $10,000
• Cumulative Maximum 30-Day Rolling Limit: $20,000
• Fees: $0.90 per transfer (unless waived)

Rolling limits are calculated using the date as well as the time of a transfer. For example, if a transfer was sent at 10.15 am on a day, the day for the rolling period will end at 10.14 am the next day. These are system limits, so Vancity can’t raise them for individual members.

Vancity has also set a limit of $25,000 per transfer for inbound transfers. Meanwhile, you can request your contacts for an e-Transfer of an amount up to $6,000. Receiving an e-Transfer is free on every account. There is no fee for sending or requesting an e-Transfer if you have an Essential Chequing (formerly E Package Chequing), Essential Plus Chequing, Total Chequing, Chequing Plus or Access Chequing account. However, other accounts, such as Pay As You Go Chequing, will be charged a fee of $0.90 per transfer and per transfer request. Outbound e-Transfers can be cancelled through the online banking portal or mobile app as long as their status is pending.

Meridian Credit Union e-Transfer limits and fees are as follows:

• Daily Limit: $3,000
• Weekly Limit: $10,000
• Monthly Limit: $20,000
• Fees: $1 per transfer (unless waived)

Meridian chequing packages include a set number of free e-Transfers each month, from 4 on the Essential package to 99 on the Digital, Unlimited and Student packages. Any additional transfers are charged a $1 fee. The fee is charged when you send the transfer and refunded at the end of the month for transfers your package covers. Sending a money request also costs $1.

Coast Capital e-Transfer limits for outbound transfers are as follows:

• Limit Per Transfer: $3,000
• Daily Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Fees: $1.50 per transfer (free with Unlimited and Elevate Chequing)

Coast Capital e-Transfer limits for inbound transfers are as follows:

• Daily Limit: $10,000
• 7-Day Limit: $70,000
• 30-Day Limit: $300,000

An e-Transfer fee of $1.50 per transaction applies to outgoing transfers and transfer requests, but incoming transfers are free. Outgoing transfers can be cancelled from the Coast Capital digital banking portal as long as the money hasn’t been deposited to the recipient’s account.

Alterna e-Transfer limits and fees for outbound transfers are as follows:

• Limit Per Transfer: $3,000
• Daily Limit: $3,000
• 7-Day Limit: $10,000
• 30-Day Limit: $20,000
• Per Transfer Fees: $1.20 for Alterna Savings and $0.80 for Alterna Bank (unless waived)

The limit for incoming transfers is $25,000 per transaction. The same sending and receiving limits apply to Alterna Savings’ subsidiary, Alterna Bank’s accounts. Meanwhile, Alterna Savings lets you request money from your contacts, the limit for which is set at $3,000. For Alterna Bank, the ‘Request Money’ limit is set at $10,000 per transaction.

A fee of $1.20 may apply for sending and requesting money if your monthly banking package does not include free transactions or when you exceed the free transaction limit. The fee charged by Alterna Bank for the same is $0.80, and sending is free with an Alterna Bank eChequing account. Cancelling an e-Transfer is free at both, but the sending fee isn’t refunded.

Businesses can send and receive payments with Interac e-Transfer for Business, which allows much larger transfers than a personal account. According to Interac, a single business e-Transfer can be up to $25,000, depending on your financial institution and account type, and Bulk Payments let a business send up to 10,000 payments with one file upload. As with personal accounts, each financial institution sets its own limits and fees, so check with the institution where you do your business banking. For example:

Sending Limit	EQ Bank Business Account	Wealthsimple Business Chequing*
Per Transfer	$10,000	$25,000
Daily Limit	$10,000	$50,000
7-Day Limit	$30,000	$100,000
30-Day Limit	$50,000	$250,000

*Maximum limits for eligible clients. Eligibility is based on your account history with Wealthsimple.

Canadians can use Interac e-Transfer to send money to their contacts directly from their bank account using the bank’s online banking portal or mobile banking app. The recipient is only required to have a valid email address or phone number and a Canadian bank account. The process is fast and secure, and the money is usually deposited within minutes after the recipient accepts the transfer, or right away if they use Autodeposit. In rare cases, it may take up to 30 minutes for the process to complete.

To send an Interac e-Transfer, you must have a Canadian bank account and access to online banking or mobile banking apps. You can log in to your online banking portal or mobile banking app and locate the option to send money with Interac e-Transfer.

To be able to send money, you will have to provide the recipient’s email address or mobile phone number. You will have to enter the amount and, unless the recipient is registered for Autodeposit, add a security question. If the recipient has registered for Autodeposit, you will be notified of the same, and a security question will not be required.

If the recipient has registered for Autodeposit, the money will be directly deposited into their account without the need to answer the security question, and they will be notified of the same. If they haven’t registered for Autodeposit, the recipients will be able to deposit the amount by clicking the link in the notification received through email or text message and logging into their online or mobile banking. Financial institutions use their existing payment networks for the transfers.

The general steps involved in sending money with Interac e-Transfer are as follows:

• Log into your bank’s online banking portal or mobile banking application.
• Locate the option to send money with Interac e-Transfer.
• Enter the receiver’s email address or phone number and the amount to be sent. If the recipient isn’t registered for Autodeposit, also add a security question and answer.
• Review the transaction and confirm it.
• If you set a security question, share the answer with the recipient separately and securely, such as in person or by phone. Don’t put it in the transfer’s message or send it by the same email or text as the transfer notification.

When someone sends you an Interac e-Transfer, you will receive a notification through email address or text message. You must follow the instructions in the notification and log into your financial institution’s online banking portal.

If you aren’t registered for Autodeposit, you will need the answer to the security question entered by the sender to receive the money. If you have registered for Autodeposit, you will not have to answer any security questions, and the money will be directly deposited into your registered account.

If you have made a mistake while sending an e-Transfer, you can cancel the transfer as long as the money isn’t deposited into the recipient’s account. To cancel a transfer, you need to log into your bank’s online banking portal or mobile banking app and look for the transaction history. You will be able to see the status of the particular transfer there, and if the status is ‘pending,’ you will be able to cancel the transfer.

Depending on your financial institution, you may be charged a cancellation fee. Meanwhile, if you were charged a transaction fee, the fee will most likely be forfeited.

If the recipient does not claim the e-Transfer for 30 days, the e-Transfer will expire, and the recipient will no longer be able to deposit the money into their account. The sender will receive instructions for reclaiming the funds.

Once a transfer has expired, the recipient can’t claim it, so the sender needs to send a new one. Some banks charge the sender a fee if an expired transfer isn’t cancelled or reclaimed in time; RBC, for example, charges $5.

Some financial institutions may allow you to increase your e-transfer limit temporarily or permanently. To find out more, you can contact your financial institution through phone, email, live chat or by visiting a branch. The decision to increase the limit depends on several factors and is completely up to your financial institution.

An e-Transfer that hasn’t been claimed can be cancelled by the sender through the online banking portal or the mobile banking app. A transfer cannot be cancelled after the funds have been deposited into the recipient’s account.

Interac e-Transfers are secured by multiple layers of security, so the payment system itself is very safe. The bigger risk is fraud: scammers send fake deposit notifications that lead to phishing sites, pose as buyers on online marketplaces, or ask you to send back an “overpayment.” Because a transfer can’t be reversed once the recipient has deposited it, only send money to people you know and trust, and don’t click the link in a notification you weren’t expecting.

An Interac e-Transfer can be sent by logging into online banking or mobile banking. In the portal or app, look for the option to send money through Interac e-Transfer. Enter the email address or phone number of the recipient and the amount to be sent. If the recipient has registered Autodeposit, you will not need to enter a security question. If they haven’t registered for Autodeposit, you will have to enter a security question and its answer. Once you have entered all the information, review it and confirm to send.

No. Recipients who have registered for Autodeposit receive the money directly into their account when you send it. Once the money is deposited into a recipient’s account, the transfer cannot be cancelled.

An Interac e-Transfer usually takes only 2-3 minutes (or less). In some cases, it may take up to 30 minutes.