About Interac‡ e-Transfers
| What are Interac e-Transfers?
How do Interac e-Transfers work?
How secure is an Interac e-Transfer?
Is there a limit to how much I can send?
An Interac e-Transfer allows you to send money to anyone who has an email address or mobile phone, and an account at a Canadian financial institution. To send money, all you need is access to RBC Online Banking and the email address or mobile phone of the person you’d like to send money to. To receive money, all you need is a bank account with a Canadian financial institution and an email address or mobile phone.
You can use the Interac e-Transfer service to:
Sending and receiving an Interac e-Transfer is easy!
Email / text messages are only used to notify the recipient that they have been sent a payment. The funds are not transferred through email or text, they are transferred through established banking channels that have been employed for years, like the method banks use for cashing cheques.
An additional level of security is provided by the security question. The recipient must correctly answer the question specified by you in order to access the funds.
An Interac e-Transfer will expire after 30 days. If the intended recipient has not accepted the transfer within 30 days, you will be notified that the payment has expired and will have the option to reclaim the funds.
If you do not cancel an unclaimed Interac e-Transfer within 15 calendar days after we’ve notified you of its expiry, we will return the funds to your account and apply a $5.00 reclaim fee.
Visit our Online Banking Security page for more information on RBC Online Banking’s security measures.
Yes. Your Interac e-Transfer send limit is based on your client card's daily access limit. To learn more on what your individual limit is simply send us a secure email through the Online Banking Message Centre or call
The following fees apply to Interac e-Transfer with RBC Royal Bank.
** RBC VIP Banking® and RBC Private Banking accounts receive unlimited free Interac e-Transfers per month. RBC Signature No Limit Banking® accounts receive 15 free Interac e-Transfers per month. RBC No Limit Banking and RBC No Limit Banking for Students receive 10 free Interac e-Transfers per month. RBC Student Banking accounts 5 free Interac e-Transfers per month. (If not used, these cannot be carried over into the next applicable monthly cycle or calendar year.)