Interac e-Transfer® for Business
Payments built for business now.
Replace cheques and EFTs with a smarter, faster, made-in-Canada solution.
With Interac e-Transfer for Business, it’s better than business as usual.
Yes, it’s Interac e-Transfer — with features for business
01
Business Request Money
The simple, fast and secure way for businesses to request and collect payments.
- modernize your invoicing
- no awkward follow-ups
- create a pay-by-bank channel for merchants
02
Bulk Payables
Move funds to one person or thousands. Either way, it’s a single, secure action.
- works with account numbers or an alias
- no shared banking details, no reconciliation headaches
- fast payouts for payroll, class-action settlements
03
Bulk Receivables
Issue secure payment requests to your entire customer or donor base at once, through email or SMS.
- reconciles automatically
- guaranteed funds, no chargebacks
04
Data-rich Payments
Send and receive transaction meta data — like invoice numbers and customer IDs — with funds transfers.
- interfaces with common accounting software
- can help you automate manual tasks
05
Autodeposit
When you set up Interac e-Transfer Autodeposit, funds land without a login, for quick settlement.
- no security questions required
For illustrative purposes only. Customer experience will vary based on financial institution and enterprise resource planning (ERP) system used.
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of Canada’s financial institutions connected
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business transactions processed
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built in Canada
Payments should always be this easy
Interac e-Transfer for Business helps turn friction into opportunity. Here are ways your organization can use it.
Payment via QR code
Seamless digital giving for charities, while retailers can sell through their storefront — even when they’re closed. Remove the friction and collect money passively and easily.
Fast insurance payouts
Efficient vendor payments
Utility bills and rent
Government and relief programs
Tuition collection
Rebates
Funding prepaid cards and wallets
A pay-by-bank channel for merchants
Upgrade your payment workflow — with a brand that’s already used and trusted by millions of Canadians
Simple
Secure
Bank-grade authentication and encryption in every transaction
No shared banking details between sender and recipient
End-to-end encryption on every transaction
Multi-factor authentication built in
Built on a trusted Canadian foundation
Data resides in Canada
Offered through banks that Canadians trust
Delivered by Interac, named Canada’s most reputable financial brand 2
Security that scales as you grow
Built-in risk detection model with every transaction
Autodeposit feature eliminates the need for passwords — helpful for large volumes
Get started by seeing what your financial institution offers
Is Interac e-Transfer for Business enabled where you do your banking? Enter the name of your financial institution and see what features it offers when you have a business account. If you don’t see your bank or credit union here, don’t worry — more are joining all the time. Contact us to let us know you’re interested.
1st Choice Savings CU
Acadian CU
Affinity CU
Alterna Savings CU
Assiniboine CU
ATB Financial
Bank of America
Bank of Montreal (BMO)
Beaubear CU
Biggar & District CU
Blackville CU
Bow Valley CU
Caisse Alliance CU
Caisse populaire de Clare CU
Cambrian CU
Canadian Imperial Bank of Commerce
Canadian Western Bank
Central 1 Credit Union
Citi Bank
Coast Capital Savings CU
Community CU
Conexus CU
Consolidated CU
Cornerstone CU
Digital Commerce Bank (DC Bank)
Dodsland CU
Dominion CU
Envision Financial / First West CU
First Nations Bank of Canada
Fédération des caisses Desjardins du Québec (FCDQ)
Flin Flon CU
Foam Lake CU
Fusion CU
ICICI Bank Canada
iNova CU
Island Savings / First West CU
Kawartha CU
Kerrobert CU
Khalsa CU
Kingston Community CU
Laurentian Bank of Canada
Libro CU
Luseland CU
Mainstreet CU
Meridian Credit Union Limited
Morell CU
Motor City CU
National Bank of Canada
New Waterford CU
Northern CU
Northern Savings CU
Peace Hills Trust Company
PenFinancial CU
Peoples Trust Company
Prospera CU
Provincial CU
Public Service CU
Radius CU
Raymore CU
Reddy Kilowatt CU
Rocky CU
Royal Bank of Canada (RBC)
SBI Canada Bank
Servus CU
Shinhan Bank of Canada
St. Joseph’s CU
Steinbach CU
Stoughton CU
Stride CU
Sydney CU
Tandia CU
Tangerine Bank
The Bank of Nova Scotia (Scotiabank)
The Toronto Dominion Bank (TD)
TPCU CU
Turtleford CU
Valley First & Enderby District / First West CU
Vancity CU
VantageOne CU
Venture CU
Vermillion CU
Weyburn CU
Windsor Family (WFCU) CU
WLDCU CU
Your Neighbourhood / YNCU CU
Don't see your financial institution? Contact them to ask about Interac e-Transfer for Business.
Bulk Payables
Bulk Receivables
Business Request Money
Autodeposit
FAQs
What is Interac e-Transfer for Business?
Interac e-Transfer for Business is an enhanced, commercial-grade payment solution that allows Canadian companies to send, request and receive funds directly through their existing business banking accounts. It’s designed to replace slow, inefficient traditional payment methods like manual cheque processing, bank drafts and electronic funds transfers (EFTs).
Which financial institutions offer Interac e-Transfer for Business?
Enter your financial institution here to see which features of Interac e-Transfer for Business it offers. Talk to the financial institution where you do your business banking for details on how to get started.
What are the transaction limits for Interac e-Transfer for Business?
Interac e-Transfer for Business transactions can be for up to $25,000, depending on your financial institution and your account type. Talk to the financial institution where you do your business banking for details.
How many payments can my business send at once using Interac e-Transfer Bulk Payments?
With Interac e-Transfer Bulk Payments you can initiate up to 10,000 transactions with one file upload.
Would you like to talk with an Interac e-Transfer for Business specialist to learn how? Get in touch
Can my business use a QR code to request Interac e-Transfer payments?
Yes, by leveraging the Business Request Money feature of Interac e-Transfer you can set up QR code-based payments for your organization. This is a useful feature for charities to accept donations, or for merchants that want to collect sales when they’re not physically present (e.g. you can allow people to purchase things in your storefront window, or let them pick produce from a farm’s roadside stand).
Would you like to talk with an Interac e-Transfer for Business specialist to learn how to take advantage of this feature? Get in touch
What is the difference between an EFT and an Interac e-Transfer?
With Interac e-Transfer for Business, the funds are typically available to the recipient within seconds — not days, as with electronic funds transfers (EFTs). And Interac e-Transfer for Business allows you to send money around the clock, every day of the year, instead of having to wait for the bank to be open (as with an EFT).
Can Interac e-Transfer for Business integrate with ERP or accounting software?
Yes. Interac e-Transfer for Business is ISO20022 compliant, meaning remittance data can be added to transactions. What that means is you can add data points like invoice numbers and customer numbers to a transaction; when you’re using your ERP/accounting software, this can help streamline reconciliation and other accounting functions.
Would you like to talk with an Interac e-Transfer for Business specialist to learn how to streamline your accounting processes? Get in touch
How much does Interac e-Transfer for Business cost?
The fees for Interac e-Transfer are competitive, but they are set by financial institutions, so they will vary depending on where you do your banking. Talk to the financial institution where you do your business banking for details.
Is Interac e-Transfer for Business secure?
Every Interac e-Transfer for Business transaction is end-to-end encrypted and protected by other security features, including password access. Interac and your financial institution each provide additional layers of bank-grade security to safeguard every transaction.
Ready to modernize your payments?
Tell us a little about yourself and your business, and we’ll reach out by email to kick it off.
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74%of Canadian businesses plan to phase out cheques by 2028.3
You already know your old-fashioned payments are slow and painful. But we wrote a whole white paper to prove it.
See for yourself1 Higher limits than Interac e-Transfer for consumers. Sending limits will vary by participant and accounts within each participant and accounts within each participant.
2 According to the Leger Reputation Study 2025