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Small Business > Online & Mobile Banking > Online Banking > Interac e-Transfer

Interac e-Transfer

Interac e-Transfer

Save time, effort, even money

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.

Key features and benefits

  • It's SIMPLE. All you need is the recipient's name and email address or mobile phone number. You can also send money to your Facebook friends using your iPhone, iPad or Android device.
  • It's FAST. Recipients are notified of transfers via email and can deposit the money immediately through online banking. Even if the recipient doesn't use online banking, for an additional fee*, the funds can be deposited into their account within 3 – 5 business days.
  • It's SECURE. The money is transferred through Online Banking and the Interac network, not by email. The shared security question you create with the recipient means only he or she can access the money you send.

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.

Sign into Online Banking

Not an Online Banking client?

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.