A fast, secure and simple way to send money
Transfer funds immediately to friends, family or business partners who have bank accounts at other Canadian financial institutions. All you need is their email address and a security question and answer that is only shared with the recipient.
They immediately get an email notifying them their money is waiting to be collected. Once they answer the security question, they're given information on how to collect the money you've sent!
It's Simple. It's Fast. And it's secure.
Interac Email Money Transfers are simple to send. Here are some important facts you need to know:
- The name and email address of the recipient
- You will need to provide a security question only the recipient will be able to answer
- You will be able to review the status of the money transfer through the Payment History option
- Transfers can only be completed from Canadian dollar accounts
- There is a fee of $1.50 to send an Interac Email Money Transfer that is withdrawn from the sender's account right away and is non-refundable
Interac Email Money Transfers are available in addition to your current payment options through RBC Royal Bank Online Banking.
There is no service fee to receive an Email Money Transfer using RBC Royal Bank Online Banking. However, if the recipient does not bank online, they may be charged an additional service fee to register and provide account information to receive the funds within 3-5 business days.
There is no money sent through email. The recipient's email address is only used as a notification of the transfer.
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Not an Online Banking client? Sign up now, and once you have received your activation code you will be ready to send your first Interac Email Money Transfer. |
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