INTERAC e-Transfer

Transferring money can now be done quickly and securely with INTERAC e-Transfer! All you need is your recipient’s email address or mobile phone number to send money in just a few quick and easy steps.

When to use INTERAC e-Transfer:

  • Splitting the bill in a restaurant
  • Paying a roommate for your portion of rent or bills
  • Sending some birthday cash to a family member
  • Paying for everyday purchases such as housekeeping, babysitting or home repairs

INTERAC e-Transfer has two new features, making it even more convenient!

Request Money

You can now send a money request through your app or online banking. It’s an easy way to say "you owe me money" between friends. For businesses, it's an important tool to streamline payments.

Autodeposit

You can now securely receive money transfers without having to log in to online banking or your app for every transaction. You can choose to register your email address with Interac e-Transfer to automatically deposit funds for you, making Interac e-Transfer an even simpler and faster way to receive your money.



INTERAC e-Transfer

How to send and receive an INTERAC e-Transfer:

1. Log into Vermilion Credit Union Internet Banking and navigate to the “Transfers” screen
2. Set up your sender profile and add your recipient – make sure to create a Security Question that only your recipient knows the answer to.
3. Choose how to notify your recipient, the amount you wish to send and which account the funds will be transferred from. You can also choose to send a  special message or memo to your recipient.
4. Send! The funds are debited from your account immediately.
5. Your recipient will receive notification that you have sent them an INTERAC e-Transfer, and will follow the links provided in the email or text message to deposit their funds.
6. Once they have answered the security question correctly, they can deposit the funds immediately – no holds, no hassle!
7. If your recipient’s Financial Institution does not subscribe to the INTERAC e-Transfer service, it’s no problem! They can still receive their funds by following the link to Interac’s Interac Association’s site, at which time they will be asked to create or log into an existing account with Interac Association.
8. Once logged in, Interac Association will proceed to deposit the transfer into their chequing or savings account (which usually takes 3-5 business days). For non-participating financial institution deposits, a service fee will be deducted from the transfer amount.

Sending Limits Receiving Limits
max. per/transfer $10,000 $10,000
daily $20,000 $20,000
weekly $50,000 $140,000
monthly $100,000 $600,000

• There is NO CHARGE to send an INTERAC e-Transfer through us!

FAQ

For assistance with these issues, please contact Vermilion Credit Union.

Learn More:

Looking for more information? Visit the INTERAC e-Transfer homepage (http://www.interac.ca/index.php/en/interac-etransfer/etransfer-detail) for more information on how this feature works, or contact us at Vermilion Credit Union and speak to a Member Service Representative.
A list of participating financial institutions can be found here (http://www.interac.ca/index.php/en/interac-etransfer/etransfer-participating-fis).


† Trade-mark of Interac Inc. Used under license.

 

Find Branch/ATM

Enter address, postal code or branch name