Canada’s ubiquitous real-time transfer for P2P, paying small businesses and bills — the de facto Canadian e-wallet.
!Not a bank. Interac is a Canadian bank-owned payment network; funds move between participating bank accounts, not held by Interac.
Yes. Any foreigner with a Canadian account can use it; foreign cards alone won’t work.
No top-up; direct from bank account｜Send/request fees set by your bank (often $0–1.50 per transfer); free on some premium accounts.
Per-transfer/daily limits set by your bank (often ~$3,000 per transfer, ~$10,000 daily)
Yes. Any foreigner with a Canadian account can use it; foreign cards alone won’t work.
Local bank account: Need a Canadian bank account (nearly all banks/credit unions support it). Items typically needed: Canadian bank account; Online/mobile banking; Recipient email or phone.
Typically: Canadian bank account; Online/mobile banking; Recipient email or phone.
How to sign up: Banking app/web — choose Interac e-Transfer, enter recipient email/phone, set secret or Autodeposit (Usually minutes (instant with Autodeposit)). Steps: 1) Log into your Canadian bank app 2) Choose Interac e-Transfer 3) Enter recipient email/phone 4) Set secret or use Autodeposit Fees: Send/request fees set by your bank (often $0–1.50 per transfer); free on some premium accounts.
Per-transfer/daily limits set by your bank (often ~$3,000 per transfer, ~$10,000 daily)
E-wallet rules change often — always follow the latest instructions in the official app.