Interac e-Transfers®
The fast, simple and secure way to send money within Canada.
Sending an e-Transfer is easy
All you need is an email or mobile phone number and online banking access. And the best part is, it's absolutely free!
Making e-Transfers is now even easier!
With enhanced features, you can request funds owed to you and automatically deposit e-Transfers directly into your account, making sending money a breeze.
How to get started
To access Interac e-Transfer, you first need to be registered for online banking. If you’re not currently registered, get in touch with our office at 306.397.2242 to set up your account. Then:
Create your Sender Profile (First-Time Users Only):
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Simply log in to our online banking system via your computer or our mobile app.
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Click on the 'Transfers' tab on the blue menu bar on the left side of the screen, select 'Interac® e-Transfer'. If you are using our mobile app, simply select the 'Interac e-Transfer' icon.
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Complete your contact information, click the 'Create Profile" button and Confirm.
Add Recipient(s):
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From the Interac e-Transfer screen, click the 'Add New Recipient' link. If you are using our mobile app, select Settings > Manage Recipients > Add Recipients and choose if you would like to "Add a new recipient" or "Choose From Your Contacts".
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Enter the person's name, mobile phone number and/or e-mail address OR select the contact you wish to add and select sending method(s).
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Choose a Security Question and Answer (3-25 letters only) that the recipient will know.
Sending an e-Transfer
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From the 'Transfers' menu, select 'Send Interac® e-Transfer'. If you are using our mobile app, simply select the 'Interac e-Transfer' icon.
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Select the recipient and the send method.
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Select an account from which to make the transfer and enter the amount.
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You also have the option to send a message to the recipient.
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Click on 'Send Transfer’ and Confirm.
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Your account will be debited the transfer amount immediately, however, for security reasons Interac® holds all transactions for 30 minutes before processing.
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You can track the transfer status or cancel transfers using the buttons in the left navigation ("Pending...", "Search...") – you will receive notification when a recipient has deposited the funds.
Sending Limits:
Per Transaction – $3,000
7 day rolling limit – $10,000
30 day rolling limit – $20,000
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Receiving an e-Transfer
You'll receive an email or text message containing an encrypted link (the encrypted link can be identified by the use of 'https' instead of 'http'):
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Click on the link and you'll be taken to a secure Interac website.
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From the Interac website, scroll to the Select Province or Territory drop-down and choose Saskatchewan, then select Edam Credit Union from the Select Credit Union drop-down and click 'Deposit'. You'll be redirected to our online banking login screen.
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Log in and answer the security question to accept the transfer.
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Select the account where you wish to deposit the money.
Note:
If the recipient does not use a participating financial institution, they can click on a link within the message, select "My financial institution does not appear here" and then create a profile with Interac, who will proceed to deposit the funds into their account in 3-5 business days (a fee will apply).
Benefit from more banking services
Need a safety deposit box or bank draft? Want to make a wire or pre-authorized transfer? We can support you with these services and more.