Interac® e-Transfer

About Interac e-Transfers

Interac® e-Transfer is rapidly becoming the preferred way for Canadians to send and receive money between accounts. Quick, convenient and secure, Interac e-Transfer enables RCU members to transfer funds directly to anyone with an email address or a mobile phone number and an account at a Canadian financial institution.

With Interac e-Transfer RCU members can send and receive money from either a desktop computer or web-enabled mobile device. The sender does not need to know the recipient’s institution or account information.

Recipients are notified by email or text message when a transfer has been sent and participating financial institutions transfer the funds using secure, established banking procedures.

Ways to use it

Interac e-Transfer is a quick and convenient way to transfer money for almost anything, such as:
•    Repaying money you borrowed from a friend
•    Sending cash to children at college or university
•    Transferring your share of rent to your roommate
•    Sending money in place of a gift

No more writing cheques, running to the ATM or paying fees for bank drafts. Interac e-Transfer is the secure, quick and cost-effective way to send money.

Immediate. The funds can be accessed immediately after the transfer is accepted.

Convenient. Members can make direct transfers to each other from anywhere, at any time, via a desktop computer, smartphone or tablet.

Privacy. No need to share personal or financial information, customers can keep their address, phone number and account information private.

Ease. No need for customers to set up new accounts, user ID or passwords — they can get started straight away through their existing online banking.

Sending an Interac® e-Transfer: Step-by-Step
1.    Login to your online banking, click on the Transfer Money tab, and then select Interac e-Transfer.
2.    Create a profile with your email address and/or mobile phone number, if you have not already done so.
3.    Select 'Send Interac e-Transfer' under ‘Transfers’.
4.    Select a recipient, or add a new recipient profile, by entering the person's name or business name, plus an email address and/or mobile number.
5.    Choose if the recipient will receive an email and/or text message.
6.    Create a security question and answer that only you and the recipient know.
7.    Add a personal message (optional) but don't include the answer to the security question.
8.    Select an account from which to make the transfer and enter the amount.
9.    Send the Interac e-Transfer (your account will be debited the transfer amount immediately, plus any applicable fees), click on Confirm.
10.    Print your Confirmation Number Receipt.
Within approximately 30 minutes, the recipient will be notified that the payment has been made.

Receiving an Interac e-Transfer: Step-by-Step
1.    Ensure the link received via email or text message offers a secure connection that takes you to a site with the 'https' prefix, rather than 'http'.
2.    Click on the link and you'll be taken to a secure Interac website.
3.    Follow the instructions on the site to select [name of FI] and click 'Deposit', and you'll be redirected to our online banking login screen.
4.    Login to answer the security question and accept the transfer.
5.    Select the account where you wish to deposit the money.

Need more information? Visit our Frequently Asked Questions

See our Privacy and Security section for more information on how we keep your financial information safe.

Ready to get started?

•    Already have an account?
Login to Online Banking to send an Interac e-Transfer.

•    Still have questions?
Read the Frequently Asked Questions or visit your local branch.

e-Transfer are FREE for RCU members regardless of amount transferred; the minimum amount of an e-Transfer is $1.00 the maximum amount per transaction for sending is $3,000.00. Please refer to the table below for all other limits.

Per Transaction Per Week (last 7 days) Per Month (last 30 days)
Sending $3,000 $10,000 $20,000
Receiving $10,000 $70,000 $300,000

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