Interac e-Transfer is 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 or mobile banking through a participating financial institution, and you can send money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal or financial information. It’s a great alternative to cheques and cash.
How do I complete the Interac e-Transfer?
Step 1: Login into your bank account online.
Step 2: Locate Interac e-Transfer, usually found in the Transfer/Payments menu.
Step 3: Fill in the following Interac e-Transfer information accordingly…
a) Recipient’s email: firstname.lastname@example.org
b) Payment amount: $XXX.XX (Total membership/donation amount).
c) Account from which to withdraw your funds: Whichever account you wish.
d) Security Question & Answer: We suggest using “What is my last name” as a question, and your surname as the password. If you wish to use another question/answer please send the password to email@example.com
Important to know: Your money never travels by email. Email is only used to notify us of the transfer.
Step 4: The email notification, not the money, is sent to our secure Email Inbox. Upon logging into our bank account, we will then use the Security Answer to deposit the payment into our account.
For more information on Interac etransfers please visit the Interac website