Electronic Funds Transfer
A Smart and Secure Way to Send your Money
EFT also known as e-mail transfer or e-transfer is an efficient, secure and convenient way to send and receive money directly from one bank account to another. All you need is access to online or mobile banking through a participating financial institution. You can send money to anyone with an email address or mobile phone number and a bank account in Canada — without sharing any personal financial information. It’s a great alternative to cheques and cash.
Which Financial Institutions Offer e-Transfer?
Over 200 participating financial institutions offer e-Transfer however fees are set by each institution. Some financial institutions may charge their customers a small fee (e.g. $1.50) so check with your institution beforehand.
- Simplii Financial
- Solutions Banking – Freedom 55 Financial
- Solutions Banking – Great-West Life
- Solutions Banking – Investors Group