About
Interac e-Transfer is Canada's bank-to-bank transfer service, built into the online and mobile banking of participating banks and credit unions. The sender addresses a payment to the recipient's email address or mobile number; funds land straight in the account if the recipient has Autodeposit, or after answering a security question. Businesses can send Request Money invoices that the payer approves in their banking app. It is run by Interac Corp., owned by banks, credit unions, processors and merchants, and the Bank of Canada designated it a prominent payment system in 2020. Interac reported 1.6 billion e-Transfer transactions in 2025.
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