Interac® e-Transfer
Send or receive money from anywhere.
E-transfer is a simple, convenient and secure way to send and receive money directly from one bank account to another. With access to online banking, you can send money to anyone with an email address and a bank account in Canada - without sharing any personal or financial information. Interac e-transfer is a great alternative to cheques, cash, money orders and wire transfers.
How it works:
When you login to online banking and send an e-transfer, an email is sent for fast notification to the recipient that a transfer has been sent, while the participating financial institutions transfer the funds using established and secure banking procedures.
What you need:
To send an e-transfer all you need is an email address, online banking access and the email address of the person you are sending money to.
Autodeposit- added protection
The added security of setting up Autodeposit on your account, is the way to go. With Autodeposit all incoming e-transfers are automatically deposited to the account of your choice. Not only does it remove the added step of accepting the transfer, it also removes the risk that the transfer could be intercepted by another individual who may try to access your email account/bank account without permission.
To register for Autodeposit, login to your online banking and follow these steps:
In the left menu:
- Select “Transfers”;
- Then select ‘Interac e-Transfer”;
- On the e-Transfer page you will see some options including a link that says ‘Autodeposit’, select this link;
- Once you click ‘Autodeposit’ you simply follow the prompts adding the email address(es) you wish to register and the Noventis account that you wish all e-Transfers to autodeposit to;
- To complete the registration, you will receive an email to confirm the registration of Autodeposit. Once that is acknowledged, the set-up is complete.
If you are sending an e-transfer to a recipient that does not have Autodeposit set up, here are some important tips to follows:
- Ensure the answer to your security question is not:
- in the security question,
- obvious,
- or easy to guess
- Never send the answer to the security question to the same email account that you sent the e-transfer.
- Never share the answer to the security questions with anyone other than the recipient.
*The fee to send an e-transfer is $1.50. There is no fee for Noventis Credit Union members to receive an e-transfer.
Interac Autodeposit FAQ
Autodeposit registrations are permanent as long as the registration is active. Autodeposit registrations might require periodic re-validations due to inactivity, i.e. no deposits are made into the account automatically for a year.
Each email address can be activated at only one financial institution at a time. If you register and activate the email address at one financial institution, then later register and activate this same email address at another financial institution, the email address at the first financial institution will be deactivated automatically allowing funds to be sent to the second financial institution subsequently.
