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How it works
How does it work?
Once you have registered for the Interac Email Money Transfer service, you can send money to anyone with an email address and a personal bank account at a Canadian financial institution. Here's how it works.
An email will be sent to the recipient notifying him/her of the incoming transfer and instructions to collect the money.
If the recipient collects the money through online banking with a participating financial institution the transfer takes place immediately. At this time, the participating financial institutions include BMO Bank of Montreal, CIBC, RBC Royal Bank, Scotiabank and TD Canada Trust.
Alternatively, the recipient can collect an Interac Email Money Transfer using the CertaPay Transfer site. The recipient provides direction to deposit the money to their bank account using an electronic transfer. It will take 3 - 5 business days to process the deposit and a service fee may be deducted by CertaPay.
To collect the Interac Email Money Transfer, the recipient must correctly answer the Security Question.
It's that easy. Register now!
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