Cost to send and receive Interac Email Money Transfers
It is free to receive an Interac Email Money Transfer but each bank charges differently for sending so check with your bank.
If your financial institution does not yet offer the Interac Email Money Transfer service, or if you don't bank online, you can still receive transfers to any Canadian bank account. This option is available when you click the link in the email notice you get when receiving an Interac Email Money Transfer. You will be required to register and provide your banking information in order for the money to be deposited into your bank account.
The deposit usually takes 3-5 business days to process and a $2.50 fee will be deducted from the deposit amount.
How to Send Money
Send money to anyone with an email address - Fast and secure, directly from your bank account!
To send money, you must have online access to an account at one of the participating financial institutions: in Canada with BMO Bank of Montreal, CIBC, RBC Royal Bank, Scotiabank, or TD Canada Trust
How to Receive Money
If you bank online at a participating financial institution (BMO Bank of Montreal, CIBC, RBC Royal Bank, Scotiabank, or TD Canada Trust) and you receive an Interac Email Money Transfer notice in your email inbox:
- Click the link in the email to login to your online banking service
- Answer the sender's security question
- Select a deposit account
- You have instant access to the funds
If you don't bank online there are two ways to pick up an Interac Email Money Transfer:
- Obtain an online banking password from your bank.
- Click the link in the email notice then select "I bank with another financial institution" and follow the instructions. Your Interac Email Money Transfer will be deposited directly to your bank account in 3-5 business days and a $2.50 fee will be deducted from the deposit amount.
Official website: www.certapay.com
