Interac - interac.ca

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INTERAC Email Money Transfer - Real-time payment innovation

Allows online banking consumers to send and receive payments to anyone with an email address.

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

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.

Operation of the electronic funds transfer network in Canada ie: shared banking machine services and direct payment services since 1984. (Previously known as CertaPay.com)

Official Site: Interac