Interac e-Transfer® is a fast, secure, and convenient way to send money to anyone in Canada using online banking. The participating financial institution transfers the money using established and secure banking procedures. Transfers are almost instant but can take up to 30 minutes, depending on your bank or credit union.
When you send money using Interac e-Transfer®, an email is sent to the recipient typically within 1 minute, though some notifications may take up to 30 minutes.The notification to your recipient includes instructions on how they can deposit the. If the recipient has set up auto-deposit, the funds will be automatically deposited to their designated account. Otherwise, they’ll be provided with a link and directed to log into their financial institution’s online banking service or app, answer the security question you created when sending the transfer, and then deposit the money into their account.
When on our merchant’s site, you will click on the Interac e-Transfer® option, after you select the amount of deposit a new window will open that contains the information you will need to complete your e-transfer transaction. You will need to log in to your online bank and select the Interac e-Transfer® option and use the information provided in the new window, which will include the recipient name ( Gigadat ), the email address to send the e-transfer to, the amount you selected on the merchant’s site, and the unique ID that you must include in the message field of your e-transfer. If your financial institution is requesting a security question, you will also be provided the security answer to use. You must use the security answer that we have provided you; however, you can make the security question anything you like.
Request money is a feature of Interac e-Transfer® that allows you to request money from a business with an email address and a bank account at a participating Canadian financial institution. If your recipient accepts your request for money, you’ll receive an email from Interac®, letting you know the funds have been deposited into your account
When on our merchant’s site, you will click on the Interac e-Transfer Request Money® option, after you select the amount of deposit a new window will open, asking you to confirm your email address and phone number. You will then receive an email or SMS message that states: INTERAC e-Transfer®: Gigadat Inc. sent you a request for money. You have the option to click on your financial institution or decline request.