Bulk Interac e-Transfer
Right for you if:
Your business needs a more convenient payment solution
Your business no longer wants to process and mail cheques
Scotiabank and Interac Association/Acxsys Corporation (“Interac”) are offering Bulk Interac e-Transfer* for business. This service allows you to send electronic payments directly to recipients within Canada. After uploading a bulk payment file to the Interac network, the recipient will receive an e-mail notification. Once they answer the Security Question, they will be able to deposit funds directly into their CAD account at any financial institution in Canada.
Bulk Interac e-Transfer improves your day-to-day operations in several ways, including:
Less processing time: Greatly reduces payment processing time from weeks to hours.
Detailed reporting: To help monitor and track transactions.
Reduced costs: No need to issue and track costly cheques.
Security: No bank account information is needed. Each payment is password-protected and only the recipient’s email address is required.
It's the easy way to pay.
Interac e-Transfer is a registered trade-mark of Interac Inc. Used under licence.