Interac e-Transfer®
Interac e-Transfer®
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Ready to send, request and receive money easily?
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Whether you're paying rent6 or splitting a bill,
- Fast: Recipients are typically notified by email within seconds1,5 that you've sent or requested money using
Interac e-Transfer , and can deposit the money through their own financial institution2,5 - Convenient: Send or request money anytime through EasyWeb or with the TD app3, to anyone with an email address and a bank account at a Canadian financial institution2,4
- Secure: When you send money, it is sent directly from your TD account to the recipient’s5 and your account information stays protected
New features: Autodeposit and Request Money
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Autodeposit – An easier way to receive money
Set up Autodeposit using your email address and your preferred Canadian dollar bank account, and money sent by
Watch this demo to learn how to set up Autodeposit.
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Request Money – A convenient way to request money
Interac e-Transfer Request Money helps makes it easy for people to pay you. Recipients are notified of your request through email, and can pay you through their own participating Canadian financial institution2. If the recipient accepts your request, you're notified once the money is deposited directly into the TD bank account you choose4.
Use Request Money as a reminder for a friend to pay you back, or include an invoice number as a convenient way for customers to pay you!
Interac e-Transfer Fees
There is no transfer fee to use either Send Money or Request Money with the following accounts:
Personal Accounts:
- TD All-Inclusive Banking Plan
- TD Unlimited Chequing Account
- TD Every Day Chequing Account4
- TD Student Chequing Account4
Business Accounts:
There are transfer fees to use either Send Money or Request Money with all other accounts:
Personal Accounts:
- Up to and including $100 : $0.504
- Over $100: $1.004
Business Accounts:
- $1.504
The Send Money transfer fee, if applicable, is charged to the account from which the money is sent at the time it is sent.4
The Request Money transfer fee, if applicable, is charged to the account into which the money is deposited at the time of deposit, if the recipient accepts the request4. There is no transfer fee to accept a request4.
Legal
1 Some emails require up to 30 minutes.
2 For a list of participating institutions please visit Interac website at: http://www.interac.ca/en/interac-e-transfer-consumer.html#sp-expandable-content-wrapper. Alternatively, when you send money, the recipient can collect their money using the Interac e-Transfer site. Service is only available for Canadian-dollar accounts held in Canada.
3 You must first set up your recipient using EasyWeb or the latest version of the TD app. The TD app is free to download, however standard wireless carrier message and data rates may apply.
4 Transaction fees may also apply when you send money from a personal account or a business account or when you request money and receive it into a business account. Transfers and requests can only be made from Canadian dollar bank accounts. Click here for information: Personal accounts and Business accounts.
5 If the recipient collects the money through online banking with a participating Canadian financial institution, the transfer will usually take place within 30 minutes. If the recipient chooses to deposit the money using the Interac e-Transfer site, it will take approximately 4-6 business days to complete and a service fee will be deducted by Acxsys Corporation.
6 Check with your landlord first regarding acceptance of rent payments using Interac e-Transfer.
7 Once Autodeposit has been set up for the email address you entered, when someone uses Interac e-Transfer to send money using that email address, the money will be automatically deposited to the chosen account, if the sender sent the money from a financial institution that supports Autodeposit; and the sender does not otherwise require you to answer a security question. For a list of participating institutions please visit Interac website at: http://www.interac.ca/en/interac-e-transfer-consumer.html#sp-expandable-content-wrapper. Service is only available for Canadian-dollar accounts held in Canada.
Interac e-Transfer is a registered trade-mark of Interac Inc. Used under license.