Interac - FAQs

Autodeposit is a feature within the Interac e-Transfer service that enables users to save time when depositing money into their bank account. When enabled, funds will go directly into a recipient's bank account that is associated with the email address or phone number a sender is transferring money to. The recipient won't need to answer a security question to deposit the funds. Click here to learn more about the Autodeposit feature.