What is Interac e-Transfer for Business?
It's a simple and secure way to send money
It's free to send money via Interac e-Transfer on AccèsD Affaires when you have a transaction plan with us.
Fast
No more cheques, no more trips to the ATM. Your recipient will receive their money as soon as they accept the transfer.
Secure
Its multiple layers of security make Interac e-Transfer one of the most secure money transfer services in the world.
Convenient
All you need to transfer money is your recipient's email address or cellphone number.
Send money with Interac e-Transfer for Business
To send an Interac e-Transfer on AccèsD Affaires, you need to:
- Have a business account at Desjardins
- Be a primary administrator on the account
- Be registered for AccèsD Affaires and have an Interac profile
- Know the email address or cellphone number of the person you want to send money to
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You can send up to $10,000 per 24-hour period. Be careful when sending money: once an Interac e-Transfer is accepted by the recipient, the transaction can't be reversed.
Create an Interac profile on AccèsD Affaires
- Select Transfers, then Interac e-Transfers. Select Create a profile.
- Enter your email address or cellphone number and choose your language of correspondence. Select OK.
- Read the terms of use, then select Confirm.
Manage transfers and recipients
Cancel a transfer free of charge and retrieve funds
You can cancel a transfer as long as it hasn't been accepted by the recipient. Transfers to people who have signed up for Autodeposit cannot be cancelled.
- Select Transfers, then Interac e-Transfers.
- Under Manage active e-Transfers, select the in-progress transfer you want to cancel.
- Go to e-Transfer history, then select Cancel e-Transfer.
- To retrieve the funds, choose the deposit account and select Confirm.
Manage recipients
Add recipient
- Select Transfers, then Interac e-Transfers.
- Go to the recipient list, then select Add recipient. You may be asked to enter a security code to continue.
- Enter the name and the email address or cellphone number of the person.
- Choose the language of correspondence and select Confirm.
Edit recipient information
- Select Transfers, then Interac e-Transfers.
- Select the name of the person in your list of recipients.
- Select Edit. You may be asked to enter a security code to continue.
- Enter the recipient's new contact information and select Confirm.
Delete a recipient
- Select Transfers, then Interac e-Transfers.
- Select the name of the person in your list of recipients.
- Select Edit, then Delete recipient.
- Select Delete.
Easy-to-use features
Autodeposit transfers
When you send an Interac e-Transfer to someone registered for Autodeposit, you don’t need to provide a security question. Funds are automatically deposited into the account linked to the details you provide, and the recipient receives an email confirmation.
Note that you cannot cancel the transfer once you’ve sent it. You’re therefore responsible for confirming:
- The recipient’s name and details
- The amount
How Autodeposit works
When you make a transfer, a message appears saying the recipient is registered for Autodeposit and that you do not need to provide a security question.
For instance, if your landlord has set up Autodeposit, your rent will be directly deposited into their account. We then send them an email confirming the transaction.
Rest assured that even without a security question, your transfer is secure. Autodeposit is quick and easy to use and helps ensure that your money falls into the right hands.
Confirmation of transfer
Once your Interac e-transfer is deposited, you receive a confirmation message and number. There may be a delay between the time you receive confirmation and the time the recipient gets the money.
Request Money
This feature allows you to request money by email or text message. However, for now, you can only receive money requests.
You have the option to accept or decline the request. If you accept it, the funds are immediately withdrawn from your account and deposited into the recipient’s account (see how to accept a money request).
Once you’ve accepted the request, you cannot cancel the transfer, so make sure you double check:
- The type of notice you received (money request or transfer)
- The recipient’s name and details
- The amount
Read Interac messages carefully
Make sure you know whether you’re being sent money or being asked to send money. Scammers can take advantage of your negligence and send a request to withdraw money instead of one to deposit money. Learn more about this common scam.
Fees
If you haven’t exceeded the number of transactions included in your plan, you don’t pay any fees. If you don’t have a plan, you pay any applicable Interac e-Transfer fees . Declining a money request is always free.
Transfer expiry date
You have 30 days to respond to a request sent by email or text message. If you haven’t accepted or declined the request, the person who initiated it can send you reminders during this period.
Blocking requests
You can choose to block someone who sends you a money request. See the email or text sent to you by Interac or go to the Interac preferences page External link.. You can also choose to stop receiving money requests altogether.
Receive money via Interac e-Transfer for Business
To receive money via Interac e-Transfer in your business account, give the sender one of the following:
- Your email address
- Your cellphone number
- The number of the account where you want the money deposited
You can receive up to $25,000 per transfer. When someone uses your account number to send you an Interac e-Transfer, the funds are deposited automatically.
Register for Autodeposit
Autodeposit allows you to deposit money received by Interac e-Transfer into your account without logging in to AccèsD Affaires or answering a security question. You simply receive a notification confirming the deposit was made.
To sign up for Autodeposit, enter the email addresses or phone numbers you want your contacts to use and link them to the account of your choice. Funds transferred to you using these email addresses or phone numbers will always be automatically deposited into the selected account, without you having to provide the account number.
When a transfer is sent without a security question (Autodeposit), the person sending the funds is responsible for making sure that the recipient's legal name (which can be found on the e-transfer form) is correct.
How to register for transfers by Autodeposit
- Select Transfers, then Interac e-Transfers.
- Enter up to 5 email addresses or cellphone numbers you want to use to receive Autodeposit transfers.
- Select the account where you want to deposit the money.
- Follow the instructions you receive from Interac on how to confirm your registration and enable the feature within 24 hours.
Security of Interac e-Transfer for Business
When you use Interac e-Transfer, the only things you’ll receive by email or text are notifications or deposit instructions. Information about your account is never sent to your contact. To better protect yourself, adopt these habits:
To better protect yourself, adopt these habits:
- Security question: If you use one to make a transfer, make sure the answer is hard to guess, even for someone close to you.
- Phishing: Beware of text messages and emails that ask for personal information or promise you some kind of compensation.
- Fraud: To avoid scams, only use Interac e-transfer with people you know. If you have any doubts, decline the transfer or money request and contact us.
FAQ
How do I send money using Interac e-Transfer for business?
- On AccèsD Affaires, select Transfers, then Interac e-Transfers. Choose the contact you want to make a transfer to, or create a new one.
- Go to Recipients, then select Transfer.
- Indicate the amount. Choose the account you want to send from (Source account) and select OK.
- Read the terms of use, then confirm the transfer. The recipient will then receive a notification.
How much is the Interac e-Transfer fee for business?
If you have a transaction plan, there are no additional fees for sending or receiving Interac e-Transfers. They're included in your plan's transactions. However, if you exceed the number of transactions included in your plan or if you don't have a monthly plan, fees may apply.
What is the Interac e-Transfer limit for a business account?
You can send up to $10,000 per 24-hour period and receive up to $25,000 per transfer.
Can I increase my Interac e-Transfer limit?
No, it's not possible to increase your Interac e-Transfer limit.
I got a text message from the number 100001 or 100002. Is it legitimate?
Yes. 100001 and 100002 are the short code addresses used to send Interac e-Transfer text notifications (transfer receipt notifications, reminders, etc.).