Online BankingExpand/Collapse

Online Banking

Interac Debit

Use Interac Debit for your everyday small purchases

Interac Debit helps you take control of your finances and can help you avoid overspending. It’s like using cash, only more secure, as the money is exchanged electronically between your bank and the merchant through the Interac network. Interac Debit transactions occur online (versus offline) and in real time so you can always keep track of your spending. All transactions are approved by your financial institution and appear instantly on your personal banking account records, allowing you to monitor your account balance to see exactly how much money you have available.

We know that security is important to you Expand/Collapse

Interac debit cards are extremely secure and are protected from fraud tactics such as counterfeiting, transaction replay and card-not-present transactions, thanks in large part to chip technology.

How Interac Debit works Expand/Collapse

When you make a purchase using Interac Debit, the merchant will enter your purchase amount into the Point-of-Sale (POS) terminal and hand it to you.

Once you insert your debit card in the chip card reader, prompts on the screen will prompt you.

  • Confirm the transaction amount
  • Select the chequing or savings account from which you wish your purchase debited
  • Enter your Personal Identification Number (PIN)
  • Provide a final confirmation to send the transaction request for approval.

In a matter of seconds your debit request is passed through the Interac network where your debit card is authenticated and required funds for purchase are verified by your financial institution. Upon successful completion of the transaction, the merchant staff will provide you with a debit payment receipt for your records.

Since Interac Debit is an online, real-time service, the debit is immediate. This means that the required funds must be available in your account at the time of purchase.

What is Interac Flash? Expand/Collapse

Interac Flash is Canada’s first contactless debit solution. It allows you to pay for everyday purchases quickly, securely and conveniently by simply holding your Interac Flash-enabled debit card in front of the reader at checkout. You can use it at merchants across Canada – wherever you see the Interac Flash logo.

You simply pay in a ‘flash’ by holding your card up to a reader that supports INTERAC Flash to make your payment instantly. There is no need to insert your card or enter your PIN.

Transactions upto $100 can be approved through Interac Flash - if your purchase is above this limit, you will be prompted to insert your card and enter your PIN.