How do I know if an e-transfer is accepted?

How to Know if Your e-Transfer Has Been Accepted

Sending money via e-transfer is convenient, but sometimes you need to know if your payment has been received and accepted. Fortunately, confirming e-transfer acceptance is straightforward. This article provides a simple guide on verifying the status of your e-transfer.

The key to knowing if your e-transfer has been accepted lies in reviewing your transaction history within your online banking platform. Most financial institutions have a dedicated “Move Money” section within their online banking accounts. Once inside this section, you’ll typically find a specific area for Interac e-Transfers. Within this area, you can access and review your transfer history.

The status of your transfer will be clearly indicated. If the e-transfer is still pending, that means the recipient hasn’t yet accepted the funds. If the status shows “Completed” or “Successful,” the transfer has been accepted, and the money has been credited to the recipient’s account. This simple check prevents unnecessary delays and ensures you have confirmation that your payment has been processed correctly.

It’s important to note that different financial institutions may have slightly different interfaces. However, the fundamental principle remains the same: review your transfer history within your online banking platform’s “Move Money” or equivalent section for Interac e-Transfers to determine the status of your payment.