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Want to send money to a supplier, employee, or yourself? If you use RBC Royal Bank® Online Banking for Business– and your recipient has a bank account at any Canadian financial institution – you can do this by using Interac‡ e-Transfer
It's easier than cheques, more secure than cash, and costs less than bank drafts. No need for stamps, envelopes or mailboxes.
Sending an Interac e-Transfer costs only $1.50 (non-refundable) – less than a bank draft. Receiving and depositing a transfer using RBC Online Banking for Business is free. And you can see current and past transfers on the "Payment History" link found within Pay Bills & Transfer Funds in RBC Online Banking.
Enrol now. When you receive your activation code, you can send your first Interac e-Transfer.
+ Transfers can only be made from Canadian dollar bank accounts.
* Service fee rendered by Acxsys Corporation, which owns and operates the Interac e–Transfer service.