If you're an RBC Online Banking customer, you can quickly and easily transfer funds to friends or family with a bank account at another Canadian financial institution. All you need is the person's email address and a security question and answer that only you and the recipient know.

• No money is sent through email. The recipient's email address is only used to notify them that their money is waiting to be collected.
• Transfers can only be made from Canadian dollar accounts.
• There is a non-refundable fee of $1.00 to send an Interac e-Transfer (this is withdrawn immediately from your account).
• There is no service fee to receive an Interac e-Transfer. However, if the recipient does not bank online, they may be charged a service fee¹ to register and provide account information to receive the funds within 3-5 business days.

1) Service fee rendered by the Axcsys/Certapay a division of Interac