Move money to or from any Canadian bank account
- Is it right for me? - expand for more details
Is it right for me?
It’s perfect if you need a quick and secure way of sending or receiving money electronically.
- Tell me about it - expand for more details
Tell me about it
All your recipient needs is a Canadian dollar account at a Canadian financial institution and an email address.*
Sending an Interac† e-Transfer* is easy
- Sign into Scotia OnLine
- Select "Interac e-transfer" from the "Banking" tab
- Enter the recipient's email address and create a security question
- Enter a transfer amount and select the account from which to draw the funds
The receipient will receive an email with a link to their own online banking page. From there they sign in, answer the security question, and deposit the funds directly into their account
Very cost efficient
Send an Interac† e-Transfer*$1.00
Receive an Interac† e-Transfer*No Fee
Stop an Interac e-Transfer within 24 hours of sendingNo Fee
Stop an Interac† e-Transfer* 24 hours after sending$5.00
- Where do I start? - expand for more details
- How do I use it? - expand for more details
- FAQs - expand for more details
You can stop an Interac† e-Transfer* only if the recipient has not yet accepted the funds. There is no fee to stop an Interac† e-Transfer* within 24 hours of sending; after 24 hours there is a $5.00 stop-payment fee.
To stop an Interac† e-Transfer:
- Sign on to Scotia OnLine.
- Go to TransfersInterac e-Transfer.
- Click the "Show pending Interac e-Transfers" button located below the "Continue" button.
- Click the red "X" in the Stop Transfer column beside the transfer you wish to stop.
- Choose an account in which to deposit the reclaimed funds.
- Click "Continue."
- Review your information and click "Confirm" to stop the transfer.
We use two layers of security to ensure your transfer arrives safe and sound. You never have to worry about security when sending a transfer, because we use the established inter-bank fund clearing networks Canadians have trusted for years.
Yes. Interac e-Transfers expire 30 days after they are sent. After 30 days, the recipient will not be able to deposit the funds. Also, the sender will receive an email instructing them to deposit the funds back into their account.
4. What happens if the recipient doesn't answer the security question correctly? - expand for more details
The sender will receive an email notifying them that the recipient failed to answer the security question correctly. The email will also contain instructions for reclaiming and depositing the funds.
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- Note: Any regular Service Fees associated for a debit transaction will also be charged when you are sending an Interac e-Transfer from your Scotiabank account. For Electronic Transfer Limits, please refer to Managing your ScotiaCard section accessible through Scotia OnLine or your ScotiaCard Banking Access Enrolment Maintenance Form.
- *In order to receive an Interac† e-Transfer immediately, the recipient must bank online with Scotiabank, BMO Bank of Montreal, CIBC, President's Choice Financial, RBC Royal Bank, TD Canada Trust, ING Direct, ATB Financial, Desjardins or National Bank. Customers should check with those banks, as terms and conditions may vary. If the recipient does not bank online with one of those banks, they will experience a delay of several days in receiving their funds, and they may be charged a fee in order to receive the funds.
- †Trademark of Interac Inc. The Bank of Nova Scotia authorized user of the Trademark.