• you sign on to your OnLine account and select the "Interac Email Money Transfer" navigation link within the Banking tab  (if you do not have on line banking, you may want to think about it.  I used to run to the bank and pay my bills, driving around to get a parking space, or paying for parking, then standing in line waiting for a teller or machine to use.  What a waste of time. )
• you key in my email address ocdia@rogers.com
• you create a Security Question - Who is the greatest Handyman?
• you key the amount you want to send, and the account from which you want to withdraw
• the money is withdrawn from your account, and an email notification is automatically sent to ocdia@rogers.com
• I then click on a hyperlink in the email i get from your bank, and I am taken to my online banking sign on page
• after signing on and answering your Security Question, "Les" I can deposit the funds, you sent,  immediately to my  account*. No holds, no hassles, and the funds are guaranteed.

Send Money to Anyone

When you send money to someone using the Interac Email Money Transfer service, they don't need the same  bank to receive your funds! All they need is a Canadian dollar account at a Canadian Financial Institution, and an email address.

It's Secure

When you send an Interac Email Money Transfer, the email is used only for notification purposes, it doesn't actually carry the money. The money is transferred using the established inter-bank fund clearing networks Canadians have trusted for years.

What's more, in order to receive an Interac Email Money Transfer you have sent, the other person must sign on to their online banking service*, and provide the correct answer to the Security Question that you create.  In this case Who is the greatest handyman in all the land?  Also, you don't need to know the other person's bank account numbers, and they never see yours!

The fee is $1.50  It is very cheap for what it does for you and the time it saves even writing the cheque.