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Personal Banking > Bank Accounts > Managing Your Bank Accounts > Payment Services > Interac e-Transfer

Interac e-Transfer

Interac e-Transfer

Save time, effort, even money

Want to send money to your child, landlord, co-worker or a friend? If you use RBC Royal Bank® Online Banking – 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 or text message notification 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 or Mobile Banking and the Interac network, not by email or text message. The shared security question you create with the recipient means only he or she can access the money you send. Plus you're protected by the RBC Online Banking Security Guarantee^.

Sending an Interac e-Transfer costs only $1.00 for Personal Clients and $1.50 for Small Business clients (non-refundable) – less than a bank draft. Receiving and depositing a transfer using RBC Online Banking 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. Most banking packages already include free Interac e-Transfer such as RBC VIP Banking®, RBC Signature No Limit Banking®, RBC No Limit Banking®, RBC No Limit Banking for Students® and RBC Student Banking®.

See for yourself

Our Advanced Personal Tutorial can have you sending or receiving Interac e-Transfer in minutes.

Sign In to 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.
^ If an unauthorized transaction is conducted through your RBC Online Banking service, you will be 100% reimbursed for any resulting losses to those accounts. For a definition of an unauthorized transaction and for full details regarding the protections and limitations of the RBC Online Banking Security Guarantee, please see your Electronic Access Agreement (opens new window). This guarantee is given by Royal Bank of Canada in connection with its Online Banking service.