INTERAC e-Transfer Frequently Asked Questions

1. How long does it take to send and receive an
INTERAC e-Transfer? Expand/Collapse

An e-mail and/or SMS text message notifying the recipient of their INTERAC e-Transfer transaction is sent about 30 minutes after the sender completes the INTERAC e-Transfer transaction. Once the recipient receives notification, they can complete the deposit process, usually within just a few minutes of the transfer being sent!

NOTE: If your recipient’s Financial Institution does not subscribe to the INTERAC e-Transfer service, they can still deposit their funds using the Acxsys Transfer process. This method of depositing an INTERAC e-Transfer transaction generally takes 3-5 business days, although it may take longer.

Acxsys Corporation powers the INTERAC e-Transfer service for the participating financial institutions. Acxsys Corporation facilitates the e-mail notice process and maintains the INTERAC e-Transfer service database.

2. How do I cancel an INTERAC e-Transfer and deposit
the funds back into my account? Expand/Collapse

To cancel and deposit the transfer amount back into your account, you must check the status of the transfer – if the transfer is still in the list of 'Pending' INTERAC e-Transfer transactions, simply click 'Cancel' and follow the instructions. The transfer amount is automatically deposited back into the account indicated. Service charges are non-refundable.

If the transfer is no longer in your list of 'Pending' INTERAC e-Transfer transactions, please contact your Credit Union for assistance.

3. How do I readdress and resend an
INTERAC e-Transfer? Expand/Collapse

If you have been notified of an undeliverable INTERAC e-Transfer transaction due to an incorrect e-mail address, you can readdress and resend the transfer. Just:

  • Edit your recipient information to include the valid email address.
  • Select the Resend Notification from the Pending Transfer screen.
  • Click Confirm.

An e-mail notice will be resent to the recipient's valid e-mail address.

4. I sent a transfer but provided an incorrect e-mail
address or mobile phone number for the recipient.
What should I do? Expand/Collapse

If you provided an invalid e-mail address, you will be notified via e-mail that the transfer notification was undeliverable. You can readdress and resend the transfer or cancel the pending transfer and the original amount (less the service charge) will be credited back to your account.

If you provided an invalid e-mail address, but did provide a valid mobile phone number, you will not be notified by e-mail that the transfer was undeliverable.

If you have provided an invalid mobile phone number and chose to notify your recipient by mobile phone only, you will not be notified in any way that the SMS text message did not go through.

5. Does the recipient get a reminder to deposit their
INTERAC e-Transfer? Expand/Collapse

The recipient will receive email or SMS reminder of the outstanding transfer 7 days after it has been sent, then again at 14, 21 and 28. After 30 days, the transfer will expire and the recipient will no longer be able to deposit the funds. At that time the sender will be notified and can cancel the expired transfer to redeposit the funds.

6. What is a security question?
What are the guidelines for the security answer? Expand/Collapse

The security question verifies the recipient’s identity and protects your funds from being received by the wrong person. The question must be answered correctly in order to complete the deposit process. It is the sender’s responsibility to create a security question and answer known only to the recipient.

Guidelines for the security answer:

  • The answer must be one word.
  • The answer must not contain any blank spaces.
  • The answer is not case sensitive and letters and/or numbers are accepted.
  • The answer cannot contain special characters (i.e., &, $, etc.).
  • The answer should be kept strictly confidential between the sender and recipient.
  • The security question and/or answer must not be included in the optional message attached to the INTERAC e-Transfer transaction.

7. What happens when an INTERAC e-Transfer cannot be received? Expand/Collapse

The sender will be notified by e-mail when an INTERAC e-Transfer transaction cannot be completed because:

  • The recipient declined the transfer.
  • The 30-day time period for the recipient to claim the transfer has expired.
  • The e-mail address you entered for your recipient is invalid. (See FAQ #4)
  • The recipient was unable to answer the security question.
  • Once the sender receives this notification, they can follow the links in the message to cancel and re-deposit the funds. Service charges are non-refundable.

8. I keep getting an error message when sending or
receiving an INTERAC e-Transfer? Expand/Collapse

There are several error messages which can be generated while using the INTERAC e-Transfer service, which may include the following:

  • Exceeds sending or receiving limits - per transaction, per day, per week (rolling total) or per month (rolling total).
  • The account you are attempting to send from or deposit to is restricted from use with this feature.
  • The communication between Online Banking and your credit union’s banking system has timed out.
  • For assistance with these issues, please contact us at 1.866.825.3301 and we would be pleased to assist you.
Trade-mark of Interac Inc. Used under license.

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