Interac e-Transfer

Interac e-Transfer is a Canadian EFT service that lets individuals and businesses send money using an email address or mobile number. Funds typically move quickly between bank accounts through participating financial institutions.

Recipients deposit funds directly to their bank account, often with near-real-time availability. Interac e-Transfer is widely used for person-to-person payments and small business invoices.

Related Terms

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Electronic Funds Transfer

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