You can receive an Interac e-Transfer by email or SMS text message. To deposit the money, select the link in the email or text message notification you receive from Interac and follow the instructions. If you were expecting an Interac e-Transfer but didn’t receive it, check your spam folders or contact the sender to make sure they have the correct email address.
If the sender uses an email that you’ve registered for Autodeposit, the transfer is processed immediately and cannot be reversed. In this case, a security question and answer will not be necessary, as funds are immediately withdrawn from the sender’s account and deposited into your account.
You can also receive an Interac e-Transfer using Request Money, which lets you send a request for money to an individual or organization that you’ve already added to your list of Interac e-Transfer recipients. If the individual or organization accepts your request, the money will be automatically deposited into your account without the need for a security question and answer. You’ll also receive an email notifying you of the deposit.
FAQs
How to Receive an Interac e-Transfer: If you are set up for auto deposit the money will go directly into your account. If not, you will receive a link via text message or email. Click through the link, answer the security question and choose which bank account you want to deposit the funds into.
How to receive Interac e-Transfer in USA? ›
How to Receive an Interac e-Transfer: If you are set up for auto deposit the money will go directly into your account. If not, you will receive a link via text message or email.
How do I accept an e-transfer from someone? ›
If you are not registered for Autodeposit, you can deposit money received via Interac e-Transfer through online or mobile banking. Simply click the link in the notification you receive, select your financial institution, login to online banking and deposit the money into the account of your choice.
Can Americans use Interac e-Transfer? ›
Interac e-Transfer is not available in the United States but it is possible to send money from a Canadian bank to the U.S. via Interac's partnership with MasterCard and Western Union.
Does Zelle work in Canada? ›
You can't use Zelle in Canada - it's for payments between US based banks only. Use this handy guide as a way to find alternative providers to make convenient, low cost, online and mobile payments to Canada.
Does Interac work in the USA? ›
Cross-border payments
Enjoy convenient and easy cross- border spending in the U.S. by using Interac Debit for cross-border shopping where accepted.
Is Zelle the same as Interac? ›
For instance, Interac e-Transfer is the Canadian equivalent to Zelle, providing instant person-to-person transfers via bank and credit unions. As of 2023, Interac e-Transfer has 250 participating banks and credit unions. (It lists Desjardin Group, a federation of 213 credit unions, as a single entity).
Why can't I receive an e-transfer? ›
It is possible your email address or mobile number is already registered. If you did not previously register your email address or mobile number for the Autodeposit feature, please contact your financial institution to investigate. Please check your Spam folder.
How to receive money from the US to Canada? ›
- Bank account. Loved ones back home can receive money from the US directly if they hold bank accounts with the likes of Royal Bank of Canada and Bank of Toronto. Explore your options.
- Cash pickup. Our Canadian agent locations are ideal for receiving money from the USA in cash. There are more than 2,7001 across the country.
You can send money internationally in for easy steps: Log In: Log in to online or mobile banking. Select “Send Money” > International: Select the recipient's destination and banking information.
When someone sends you money via Interac e-Transfer, you will receive an email or text message that a transfer has been sent to you. The notification includes information such as: Sender's name. Transfer amount.
Is there any danger in accepting an Etransfer? ›
By using stolen personal information and guessing security answers correctly, fraudsters can divert and deposit e-Transfer transactions to their accounts. Protect your accounts by understanding your responsibilities as a sender and recipient.
How can I accept an e-transfer without a bank account? ›
How does it work? Interac is an interbank network for receiving e-transfers (payments) without sharing your bank details. When your payers send money to your registered Interac email address, you'll receive it into your Wise balance.
Is Interac accepted in the US? ›
Cross-border payments
Enjoy convenient and easy cross- border spending in the U.S. by using Interac Debit for cross-border shopping where accepted.
How to receive money from the USA to Canada? ›
- Bank account. Loved ones back home can receive money from the US directly if they hold bank accounts with the likes of Royal Bank of Canada and Bank of Toronto. Explore your options.
- Cash pickup. Our Canadian agent locations are ideal for receiving money from the USA in cash. There are more than 2,7001 across the country.
