INTERAC e-Transfer

The fast, secure way to send, request and receive money

Interac e-Transfer is a convenient way to send, request 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 or request money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information.

 

When to use INTERAC e-Transfer: Expand/Collapse

  • Splitting the Bill
  • Paying a Roommate
  • Sending some Birthday Cash
  • Paying for Everyday Purchases
  • When you're owed an IOU

Why use e-Transfer Expand/Collapse

Convenient and Simple to Use!

All you need is your recipient’s email address or mobile phone number to make or receive a transfer from anywhere at any time using your computer or Smartphone.

Saves Time and Money!

No need to wait for the transfer to be approved, your recipient can access funds quickly. No more stops at the ATM or waiting for cheques to be cashed!

Secure!

Your personal information is secure. Email or text is used for communication purposes, but your funds are contained in our secure banking network. No account numbers or other Financial Institution information is required. A security question of your choosing protects your funds from being received by the wrong person

How to send and receive an INTERAC e-Transfer: Expand/Collapse

  1. Log into Weyburn Credit Union Internet Banking and navigate to the “Transfers” screen.
  2. Set up your sender profile and add your recipient – make sure to create a Security Question that only your recipient knows the answer to.
  3. Choose how to notify your recipient, the amount you wish to send and which account the funds will be transferred from. You can also choose to send a special message or memo to your recipient.
  4. Send! The funds are debited from your account immediately.
  5. Your recipient will receive notification that you have sent them an INTERAC e-Transfer, and will follow the links provided in the email or text message to deposit their funds.
  6. Once they have answered the security question correctly, they can deposit the funds immediately – no holds, no hassle!
  7. If your recipient’s Financial Institution does not subscribe to the INTERAC e-Transfer service, it’s no problem! They can still receive their funds by following the link to Interac’s Interac Association’s site, at which time you will be asked to create or log into your existing account with Interac Association.
  8. Once logged in, Interac Association will proceed to deposit the transfer into your chequing or savings account (which usually takes 3-5 business days). For non-participating financial institution deposits, a $4.00 service fee will be deducted from the transfer amount.

How to receive money directly into your account with Autodeposit Expand/Collapse

The Autodeposit feature allows you to have money sent via Interac e-Transfer automatically deposited directly into your bank account, without having to answer a security question. The Autodeposit feature continues to provide the value of Interac e-Transfer, without the need to share financial information.

For senders, there is added convenience of not needing to convey security answers while continuing to have the security of knowing who is receiving the funds, prior to sending.

How to get paid easily with Request Money Expand/Collapse

Easily request money you are owed with the Interac e-Transfer Request Money feature. When you send a request for money, the recipient is notified instantly and can accept the request. If accepted, the requested amount will be automatically deposited into your account and you will be notified when funds are available.

Sending and Receiving Limits Expand/Collapse

Sending and Receiving Limits:

Limits Per Transaction: Per Week: Per Month
Send $3,000.00 $10,000.00 $20,000.00
Receive $10,000.00 $25,000.00 $50,000.00

 

Fees

A non-refundable fee of $1.50 will be charged for sending an INTERAC e-Transfer 

Learn More Expand/Collapse

We are always happy to help. Contact us with any questions you may have!

As well, you can visit the INTERAC e-Transfer webpage or their FAQ section for more details.

† Trade-mark of Interac Inc. Used under license.
 

Online BankingExpand/Collapse

Online Banking

 

 

e-Transfer Logo