INTERAC e-Transfer

Interac e-Transfer® Enhanced User Features are coming soon.

Autodeposit allows a recipient to register their email address with Interac to receive funds directly into an assigned account without needing to answer the usual security question.  When sending an Interac e-Transfer®, the sender is made aware in online banking that the recipient is registered for Autodeposit.  Transfers sent to the Autodeposit registered email address will be automatically deposited into the assigned account.

Request Money allows an individual or business to have their recipient send them money via their online banking account.  Money can be requested by sending an email or SMS to any individual or business in Canada.  When the request is accepted and money transfered, the 'requestor' is provided a notification once the funds are deposited into the account selected as part of the original request.

INTERAC e-Transfer

Transferring money can now be done quickly and securely with INTERAC e-Transfers.  All you need is your recipient's email address or mobile phone number to send money in just a few quick and easy steps.  Experience a new, smart and streamlined user experience when conducting an Interac e-Transfer from any device, including mobile phones. 

You will benefit from new features, such as direct access to your financial institution's online banking website and quick links to FAQs and help content. In addition, the Interac e-Transfer service has the capability to remember a consumer's previous online banking preferences, resulting in a faster, more efficient experience when sending or receiving an Interac e-Transfer.   To learn more, visit:

Remember, if you receive an email about an Interac e-Transfer from someone you do not know, or that you suspect is fraudulent, do not respond.  Forward it by email to:

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

Key Benefits
Convenient and Simple to Use!
• All you need is your recipient’s email address or mobile phone number
• You can also transfer money to your other Canadian Financial Institution accounts
• Make or receive a transfer from anywhere at any time using your   computer or Smartphone - Internet Banking is available 24 hours a day, 7 days a week!

Saves Time and Money!
• No need to wait for the transfer to be approved – your recipient can access funds    quickly
• No more stops at the ATM or waiting for cheques to be cashed!
• Lower cost than bank drafts or money orders

• Your personal information is secure – email or text is used for communication purposes, but your funds are contained in our secure banking network
• No account numbers or other Financial Institution information is required
• A security question of your choosing protects your funds from being received by the wrong person

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 you will be asked to create or log into your existing account with Interac Association.
8. Once logged in, Interac Association will proceed to deposit the transfer into your chequing or savings account (which usually takes 3-5 business days). For non-participating financial institution deposits, a $4.00 service fee will be deducted from the transfer amount.

Sending Limits Receiving Limits
max. per/transfer $3,000 $10,000
daily $10,000 $10,000
weekly $10,000 $70,000
monthly $20,000 $300,000

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


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

Learn More:

Looking for more information? Visit the INTERAC e-Transfer homepage ( 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 (

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







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