INTERAC® e-Transfer

FREE with our No-Fee Bank Account!

Easily share money through online and mobile banking with Interac e-Transfer!  Send or receive money to or from anyone with a Canadian financial institution account. All you need is their email address or mobile phone number. It's a great alternative to cheques and cash.

There is no need to share any personal financial information.

Your recipient will receive an email and/or text message notification when you send them a transfer. In a few easy clicks, the money is in their account.

AND this service is FREE when you have a No-Fee Bank Account!

Getting Started Expand/Collapse

Mobile App Users
Here's a video explaining how to get started using Interac e-Transfer through our mobile app!

Play video

Sending Money Expand/Collapse

Mobile App Users
Here's a video explaining how to send money using Interac e-Transfer through our mobile app!

Play video

Receiving Money Expand/Collapse

Mobile App Users
Here's a video explaining how to receive money using Interac e-Transfer through our mobile app!

Play video

Requesting Money Expand/Collapse

Send a money request through your app or online banking. It's a cool way to say "you owe me money" between friends. For businesses, it's an important tool to streamline payments.

When your contact completes the transfer, the funds will be automatically deposited into your account. You won't have to log in again to accept their transfer.

Mobile App Users
Here's a video explaining how to request money using Interac e-Transfer through our mobile app!

Play video

Autodeposit your INTERAC® e-Transfers Expand/Collapse

Securely receive money transfers without having to log in to online banking or your app. You can choose to register your email address with Interac e-Transfer to automatically deposit funds for you, making Interac e-Transfer an even simpler and faster way to receive your money.

Mobile App Users
Here's a video explaining how to autodeposit any incoming Interac e-Transfers through our mobile app!

Play video

Transfer Limits and Security Expand/Collapse

Transfer Limits
There are daily and weekly Interac e-Transfer limits.  If you plan on sending larger multiple e-Transfers, please contact us to ensure they are sent successfully.

Security
Your money never actually travels by email or text message - they are only used to notify the recipient and to provide instructions on how to deposit the money. Innovation and your recipient’s financial institution transfer funds using established and secure banking procedures:

  • 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
To learn more, see our current account package brochure PDF Document and additional services and fees PDF Document.  You can also:

 

Apply Now

From the desk of our CEO

Federal Continuance

For information on upcoming changes to DEPOSIT INSURANCE if we become a federal credit union, see our disclosure notice. Creditors who have concerns may contact Innovation Credit Union.

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