What is Interac Email Money Transfer?

Interac Email Money Transfer is a service that transfers money directly from your personal bank account to anyone who has an email address and a personal bank account at a Canadian financial institution.

How does it work?

Once you have registered for the Interac Email Money Transfer service, it all happens in four easy steps.

1. Add Recipient

After registering, you will add the names and email addresses of recipients to your personal Recipient List. You will also create a Security Question and Answer specific to each recipient. This Security Question and Answer, which you create prior to the transfer taking place, is used to ensure the identity of the recipient. If the question is not answered correctly, you will be advised via email and instructed as to how to deposit the money back into your account.

2. Send Money

After completing a 'Send Money' request and receiving a confirmation number, the money will be withdrawn immediately from your TD Canada Trust account. An email will be sent to the recipient advising them of the Interac Email Money Transfer along with instructions on how to collect the money.

3. Receive Money

To receive the money, the recipient must read their email notification and follow the instructions included (including correctly answering the Security Question). The recipient will be given the options to deposit the money immediately using their online banking service¹ or to provide direction to deposit the money to their bank account by CertaPay.

4. Complete Transfer

Once the recipient has deposited the money into their bank account, you will receive an email notification confirming the completion of the transfer.

How secure is this method of transferring money?

Email carries only the notification of the pending transfer. It does not include any personal account information. To transfer the money between your account and the recipient's account, the banks use reliable and secure payment networks that have been in place for a number of years. Furthermore, to identify the recipient when collecting the money, the recipient must successfully log in to their online banking service and correctly answer the Security Question before receiving the money.

Send money today!

To send an Interac Email Money Transfer, the fee² is $1.50. To receive and deposit an Interac Email Money Transfer using TD Canada Trust EasyWeb, it's free.³

Not yet registered for EasyWeb?

No problem, simply call 1-800-409-7114 or visit any TD Canada Trust branch to register. You then register for Interac Email Money Transfer through EasyWeb.

¹ 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.
² Regular account transaction fees may apply.
³ If you choose to provide instructions to CertaPay to deposit the money into your account using an electronic transfer, it will take 3 - 5 business days to complete and a service fee may be deducted by CertaPay.