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Interac® e-Transfer FAQs

Is sending money by email/mobile phone secure?

Sending money by email/mobile phone is secure. You create a shared security question, so that only the recipient can deposit the money. The money never actually travels by email/mobile phone; it’s deposited directly into the recipient’s account after the recipient has ‘unlocked’ the email or text message by answering the security question.

How long does it take to receive money by email or mobile phone?

It can take up to 60 minutes for an Interac® e-Transfer to arrive at a recipient’s email address or mobile phone. The amount of time depends on internet connectivity, including the recipient’s email system or mobile phone provider. The money is withdrawn from your account immediately.

How much does it cost to send an Interac® e-Transfer?

A non-refundable fee of $1.50 is withdrawn at the end of the month from your account when you elect to send an Interac® e-Transfer. Interac E-Transfers are free with B.Free Personal Accounts or when you have the B.Smart Bundle.  We do not charge a fee to receive an Interac® e-Transfer, but other financial institutions may.

How do I register for Interac® e-Transfer?

Registration is free and easy. Log-in to online banking and go to the Transfer Money tab. Click the Interac® e-Transfer link located on the Shortcuts menu and follow the instructions on the screen to create your profile and your recipients’ list. You can then begin to use e-Transfers right away.

Can I receive money by email or mobile phone, too?

Yes. If you receive an Interac® e-Transfer, follow the instructions in the email. When you are re-directed to the Certapay site (Certapay processes these transfers for Interac), select NPSCU from the list of credit unions. You will then be prompted to log-in to online banking to answer the security question and choose the account you want to deposit the funds into. Once you have completed these steps, the money will be deposited into your account immediately, without a hold.

Who can use Interac® e-Transfer?

Interac® e-Transfer can be used by anyone who has an email address or mobile phone, a bank account at a Canadian credit union or bank and uses online banking.

Why are there limits on how much I can send by Interac® e-Transfer?

For your protection, limits placed on how much a person can send by Interac® e-Transfer.

Can I cancel an Interac® e-Transfer?

You can cancel an Interac® e-Transfer in online banking if the recipient has not yet deposited the money. The money will be re-deposited back into your account. The $1.50 service fee will not be refunded when you cancel an e-Transfer.

What happens if the money I send isn’t deposited?

A recipient has 30 days to deposit money that you sent to them by email or mobile phone. During that 30 days, you can send reminder emails to the recipient via online banking. If after 30 days the recipient has not deposited the money you emailed, the money will be re-deposited to your account. It can take up to 30 days after the 30 day expiry to receive the money back into your account.

Can a recipient decline to accept the money?

A recipient can decline to deposit the money that is sent to them in an Interac® e-Transfer. The sender will receive notification by email or text message that the money has been declined and the sender can then follow instructions in the email to deposit the money back into their account.

Can I send money by email or mobile phone from a branch?

No. For security reasons, you can only send money by email via online banking.

Can I send money by email or mobile phone to someone outside of Canada?

Money sent by email or mobile phone must be in Canadian dollars and it must be deposited into a Canadian account. You cannot send money by email or mobile phone to someone who does not have a Canadian account and online banking access at their financial institution.

How can I request a payment through Interac e-Transfer?

Through NPSCU online banking: Once you log in, choose “Interac e-Transfer” under the “Transfers” tab. You’ll be taken to the MemberDirect Interac e-transfer website where you’ll select “request Interac e-Transfer” in the menu on the left.

Through NPSCU Mobile: Find the “Interac e-Transfer” button under the “banking” tab in the app. You’ll be directed to a menu where you’ll select “Request Money”. The person you are requesting payment from will receive an email or text message allowing them to fulfill the request.

What is Autodeposit?

Autodeposit makes managing your incoming transfers a lot less hassle as all deposits you recieve get deposited into your bank account automatically, without having to manually accept the transfers.

How do I sign up for Autodeposit?

Through NPSCU online banking: Once you log in, choose “Send Interac e-Transfer” under the “Transfers” tab. You’ll be directed to a menu where you’ll select “Autodeposit”.

Through NPSCU Mobile: Find the “Interac e-Transfer” button under the “Banking” tab in the NPSCU Mobile app. You’ll be directed to a menu where you’ll select “Autodeposit”.

Once you register your email address for Autodeposit, all transfers sent to the that address will deposit automatically (without having to manually accept the transfer) to an account of your choosing. You’ll also get an email notification every time a transfer lands in your account.

How long will it take for the recipient to get the Interac e-Transfer I sent?

All transfers of $250 or less will send instantly, without any delay.  Within a 24-hour period you’ll be able to instantly send up to $500 by Interac e-Transfer.

Transfers over $250 will get to your desired recipient within 30 minutes of hitting send.

There’s an exception to these rules, if you’re sending money to someone you already have a transfer history with.  In this case, you’ll be able to transfer as much as $3,000 instantly.