INTERAC E-TRANSFER

1. Login to your online banking
2. Create a profile with your email address and/or mobile phone number, if you have not already done so
3. Select 'Send Interac e-Transfer' under 'Transfers'
4. Select a recipient, or add a new recipient profile, by entering the person's name or business name, plus an email address and/or mobile number
5. Choose if the recipient will receive an email and/or text message
6. Create a security question and answer that only you and the recipient know
7. Add a personal message (optional) but don't include the answer to the security question
8. Select an account from which to make the transfer and enter the amount
9. Send the Interac e-Transfer (your account will be debited the transfer amount immediately, plus any applicable fees)

1. Ensure the link received via email or text message offers a secure connection that takes you to a site with the 'https' prefix, rather than 'http'
2. Click on the link and you'll be taken to a secure Interac website
3. Follow the instructions on the site to select St. Stanislaus - St. Casimir's Polish Parishes Credit Union and click 'Deposit', and you'll be redirected to our online banking login screen
4. Login to answer the security question and accept the transfer
5. Select the account where you wish to deposit the money

It is an easy, secure, quick and convenient way to send or receive money. Recipients are notified by email and/or text message and must login to their online banking to accept the transfer.

Any individual or small business owner with an account at a Canadian financial institution that offers the service can initiate an e-Transfer, while anyone with an account at a Canadian financial institution can receive one.

Actually, there is no money attached to emails or text messages. Instead, financial institutions use standard practices for safe money transfers.

Interac e-Transfer's are free of charge.

While there are no minimums - you can send any amount above $0 - there are maximums for both sending and receiving Interac e-Transfers.

There are no cancellation fees, however, the sending fee is non-refundable. If you cancel an e-Transfer, your account will be credited with the dollar amount of the transfer minus the sending fee.

As long as your financial institution offers the service and you use online banking, it's free to receive an Interac e-Transfer.

NOTE: As of July 1, 2018, there is no longer an option to deposit Interac e-Transfer transactions offline (without access to online banking) . You are encouraged to deposit Interac e-Transfer transactions via online or mobile banking at one of the participating financial institutions.

This is the short code from which all Interac e-Transfer text notifications are sent.

If you provide only a landline as the way to notify a recipient, you'll be informed that the transfer could not be completed. You'll need to provide new contact information – either a mobile phone number or email. If, however, you provide a landline and an email, the recipient will be notified via email.

Yes, and delegates can too.

No. In order to send and/or receive Interac e-Transfers, both senders and recipients must have accounts at Canadian financial institutions. The transfer must also be in Canadian dollars.

For recipients, it takes approximately 30 minutes for notifications to be received. As soon as the notification is received, the recipient can deposit the money. As a sender, the money is debited from your account immediately after finalizing the transfer.

The notification will be sent to that phone number, however, that person will not be able to deposit the transfer because s/he won't know the answer to the security question. Recipients must correctly answer a security question before they can deposit the money.

You can cancel the transfer anytime until the recipient accepts it. Generally, it takes 30 minutes for notifications to be sent to recipients. To cancel a transfer, click on the 'Cancel' link beside the list of pending transfers.

If a transfer hasn't been accepted within 30 days, it will automatically expire and the sender will be notified. The sender can either click on the 'Cancel' link beside the list of pending transfers or let Interac cancel the transaction. Money will be returned to the sender within seven days of cancelling the transaction, however, fees charged at the time of sending the transfer are not reimbursable.

You can also send reminders to recipients who have yet to accept transfers by clicking on the 'Resend Notice' link beside the list of pending transfers.

In that case, you'll be notified and prompted to login to your online banking to cancel the pending transfer.