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Interac
e-Transfer for Business

Level up your business and skip the paperwork with an easy-to-use payment solution.

Whether you’re paying multiple employees, contract workers or sending high-limit transfers to vendors, businesses of any size can benefit from Interac e-Transfer®.

The benefits of Interac e-Transfer for Business

  • Send and receive payments in real-time with immediate confirmation. That means faster access to funds and better management of your liquidity.
  • High transaction limits up to $25k* to minimize the need for wires, cheques & Electronic Fund Transfers.
  • Rich remittance data allows you to reconcile transactions with less reliance on paperwork to streamline your records. 
  • Works with account numbers, so you can keep business practices such as asking for void cheques.

Participating Financial Institutions

Send payments in real-time with account number routing.

Receive payments in real-time with account number routing.

  • Participation eligibility and suspension criteria

    The below sets out a high-level summary of eligibility criteria for participation in Interac e-Transfer (the “Service”) and a summary of circumstances in which a Participant may be suspended from the Service. In addition to the eligibility criteria summarized below, Participants are required to meet all the requirements (including technical requirements) found in the Service’s governing documents. If your organization fits within the eligibility criteria below and would like to discuss participation in Interac’s services, please contact participation@interac.ca.

    The following financial institutions are eligible to become Participants on the Interac e-Transfer service:

    • providing regulated financial services in Canada as:
      • a bank; or
      • both a FINTRAC-registered Money Service Business and investment dealer regulated by the Canadian Investment Regulatory Organization;
    • a Central Cooperative Credit Society, a Cooperative Credit Association or a local cooperative credit society;
    • a foreign bank operating at least one full-service branch in Canada;
    • a foreign life insurance company; or
    • a trustee of a qualified trust.

    Suspension:
    Participants may be suspended from the Service where: the Participant no longer meets the Service’s participation criteria, the Participant has committed a material breach of its obligations, the Participant is in financial default, or the Participant is experiencing technical problems which prevent the Participant from properly participating in the Service.

Learn more about how Interac e-Transfer answers the need of Canadian enterprises.

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Send payments in 3 Easy Steps

  1. Log in to your online or mobile business bank account.
  2. Select ‘Send Money’ Enter the recipient’s account number with the optional ability to add remittance details and hit “send”.
  3. Processing You’ll be notified in real time that the transaction is complete.

As soon as the transaction is complete, the funds are immediately available in the recipient’s account. Transaction history is available to keep track of past payments.

Interac e-Transfer Bulk

It’s also simple to manage payments to and from multiple recipients quickly and safely with Interac e-Transfer Bulk processing services.

Interac e-Transfer Bulk Payables allows you to send payments to multiple recipients using an easy and secure file upload capability that supports commercial payments and high-volume transactions.

For more information, please contact your financial institution:

Interac e-Transfer Bulk Receivables makes it easy to invoice your customers or clients and receive guaranteed funds. It also simplifies the process for anyone to transfer payments to your business.

For more information, please contact your financial institution:

The benefits of Interac e-Transfer Bulk payables and receivables

  • Comply with ISO 20022 global standards with rich remittance data, enabling interoperability for ease of integration between ERP systems/accounting applications.
  • Payments are quick with no cut-off times for submission.
  • High volume and limits for commercial needs, allowing  up to 10,000 transactions per file with higher dollar value per transaction.

Bulk Disbursements

Bulk Disbursements allows you to make multiple payments at once via Interace-Transfer to streamline your payroll and supplier payment system. For more information, please contact your financial institution.

For more information, please contact your financial institution:

Classic Interac e-Transfer features:

Do even more with Request Money

  • Invoice your customers or clients.
  • Add an invoice number and due date for tracking in the comments field.
  • Schedule an automatic follow-up.

Get paid without the hassle.

Autodeposit

Do even more with Autodeposit

  • Eliminate the need to remember or safely share a password.
  • Quicker deposits mean less time worrying.

Money deposited right into your account.

Discover Interac

We continue to help move Canada’s digital economy forward.

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Need Support?

Visit our Support for Business section for FAQs and other helpful resources.

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In The Know

Read our Q&A on Interac e-Transfer for business, how it works and why it matters.

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*Sending limits will vary by participant and accounts within each participant.