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Sending an e-Transfer

Lesson 2 of 10 in Digital Life in Canada · 20 minutes

Learn how to send an Interac e-Transfer step by step. Understand how to add a recipient, enter the amount, and set up a security question.

What you'll learn

  • Understand what an Interac e-Transfer is and how it works
  • Follow step-by-step instructions to send an e-Transfer
  • Know how to set up a security question and answer for safe transfers

From the lesson

Sending an Interac e-Transfer

An Interac e-Transfer is a way to send money from your bank account to another person using their email address or phone number. It is fast, safe, and very popular in Canada. Most Canadians use e-Transfers to pay rent, split bills, or send money to friends and family.

What You Need

Before you send an e-Transfer, you need: - A Canadian bank account with online banking set up - The email address or phone number of the person you are sending money to - Enough money in your account

Step-by-Step: How to Send an e-Transfer

Step 1: Log In Open your bank's app or website and log in with your username and password.

Step 2: Find e-Transfer Look for 'Send Money' or 'Interac…