How do I accept money through e transfer?

How to Accept Money Through Interac e-Transfer

Interac e-Transfer is a convenient and secure way to send and receive money electronically. Here’s a step-by-step guide on how to accept money through e-Transfer:

Step 1: Receive the e-Transfer Notification

When someone sends you an e-Transfer, you will receive a notification via email or text message. This notification will contain a secure link.

Step 2: Click the Secure Link

Click on the secure link provided in the notification. This will take you to the e-Transfer website or mobile app.

Step 3: Sign In to Your Account

If you’re not already signed in to your account, you will be prompted to do so. Enter your online banking credentials to access your account.

Step 4: Review the e-Transfer Details

Once you’re signed in, you will see the details of the e-Transfer, including the sender’s name, the amount being transferred, and a reference message (optional).

Step 5: Accept the e-Transfer

Review the details carefully and if everything is correct, click on the “Accept” button.

Step 6: Deposit the Funds

You will be guided through a series of instructions to securely deposit the funds into your account. Typically, you will need to select your financial institution and enter your account information.

Step 7: Funds Deposited

Once you complete the deposit process, the funds will be transferred into your account. You will receive a confirmation message once the transfer is complete.

Tips for Accepting e-Transfers:

• Double-check the details: Make sure the sender’s name and the amount transferred match the information in the notification.
• Deposit funds promptly: To avoid potential delays, deposit the funds into your account as soon as possible.
• Use a secure connection: Only access the e-Transfer website or app from a secure internet connection.
• Keep your login credentials confidential: Do not share your online banking credentials with anyone.
• Contact your financial institution: If you have any issues accepting or depositing an e-Transfer, contact your bank or credit union for assistance.