How To Transfer Money Instantly Between Banks With INTERAC

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  • Опубликовано: 30 июл 2024
  • What’s the best way to transfer money locally, especially for smaller amounts? #interactransfer #moneytransfer #livingincanada
    In this video I’ll walk you through how interac works, how much it costs, and what to look out for.
    Share with me your thoughts and comments about this in the comments section!
    // Skip to:
    00:00 Other ways to transfer money
    00:41 Why Interac is the best way to transfer money
    00:50 Cost of Interac E-transfer
    01:40 How Interac transfers work
    work? (Things you need to transfer)
    02:25 Walk through interac transfer (step by step)
    03:00 About Autodeposit
    03:38 Why to have Autodeposit on
    04:26 How long does an interac transfer take?
    04:41 Are there limits for interac transfers (sending and receiving)
    05:25 Sending money internationally (and what service to use!)
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Комментарии • 57

  • @rwg1811
    @rwg1811 Месяц назад +4

    I came here after watching a video from a woman who accepted and interact transaction and they tried to steal her money. I think it needs more security than what this lady is saying.

  • @ahmed4165kkkkk
    @ahmed4165kkkkk Год назад +5

    Thank you so much, it's very helpful.

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      You're welcome, hope it clarified some things.

  • @jennifferfernandez8798
    @jennifferfernandez8798 Год назад

    Great video. Thanks for sharing so worth information. Greetings from Colombia.

  • @pbpracticobienhecho3480
    @pbpracticobienhecho3480 3 месяца назад

    very usefull. thank you!!

  • @skylinetravels
    @skylinetravels Год назад

    Thanks for sharing

  • @galaxytrio
    @galaxytrio 10 месяцев назад +1

    That was good. Thanks.

  • @skylinetravels
    @skylinetravels Год назад

    Watching from UK

  • @LadyINTJOfficial
    @LadyINTJOfficial Год назад

    I need to transfer money to my friend who has a royal bank card shes going to be my roomate how do i transfer money from my bmo to her royal bank?

  • @MatrixMaster777
    @MatrixMaster777 8 месяцев назад +1

    Thank you very much^^

  • @ndonwibride5458
    @ndonwibride5458 2 дня назад

    Can Money be move from bank to e transfer account balance?

  • @Roses1401
    @Roses1401 7 месяцев назад

    Does works this transfer in Europe too?

  • @EarninCryptoNep
    @EarninCryptoNep Год назад +2

    Hi if i have accounts on bank a and b both with same email ,where will i receive the money to ? Bank a or b

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      Good question! I started out using one account, so automatically the email let me deposit into that account. Afterwards I opened a second account but rarely used it.

    • @Ekushey
      @Ekushey 11 месяцев назад

      It will go the bank account where you have Interac auto deposit turned on, which you can only have with a single bank.

  • @irfanulhaq1748
    @irfanulhaq1748 Год назад +1

    hi there!
    I need your help.
    one of my clients sent payment through Interac, how I withdraw the money now, i am from Pakistan and i have wise account

  • @user-wr4yl7tx3w
    @user-wr4yl7tx3w Год назад +1

    but since all you input is the email address, how does it know which bank account to send the funds to?

    • @LivinginCanada
      @LivinginCanada  Год назад +3

      When you set up an account, you usually have to input your primary email address, so your interac transfer (to yourself) would link to that. I'm not sure if that's the exact mechanism behind the scenes though. If you had 2 accounts, then I think there's a way to link your interac payments to one of these accounts, but I've never tried it. Anyone who has done this, feel free to comment!

    • @michelbuenavista774
      @michelbuenavista774 10 месяцев назад

      how to transfer money from email to local bank from philippines....thank you..

  • @gpod70
    @gpod70 Год назад +1

    nice voice...rare that I notice these things😄

  • @lnel6211
    @lnel6211 11 месяцев назад +1

    Does the transfer thing work in the US, if someone sends you money from Canada?

    • @LivinginCanada
      @LivinginCanada  11 месяцев назад +2

      Interac only works in Canada. For international transfers, you can use bank wire or services like 'Wise'.

    • @lnel6211
      @lnel6211 11 месяцев назад

      @@LivinginCanada ohh okay ty

  • @tedusports9508
    @tedusports9508 Год назад +2

    Could we get international payments from intrac

  • @zaini574.
    @zaini574. 9 месяцев назад

    Hi I'm in Pakistan how I can receive money here?

  • @HarneetKaurCanada
    @HarneetKaurCanada Год назад +1

    What can i do if i transferred money to wrong email ?

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      If I remember correctly, you can cancel it on your side through the app you're using, as long as the recipient hasn't received the money yet (if they don't have autodeposit on). If their autodeposit is on then the money is instantly deposited, it will be difficult to retrieve it.

  • @Tonyscasa
    @Tonyscasa Год назад +1

    How do you transfer money via phone to phone #

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      I'm not aware of any direct way using phone numbers if that's what you mean. I just use the banking app on my phone to interac transfer.

  • @phillipanon7139
    @phillipanon7139 Год назад +1

    How to inform the recipient the answer to the security question?

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      I usually just do it per e-mail, or if you know the person well, through text or in person. Hope this helps!

  • @somethingforaname
    @somethingforaname Год назад

    I hate the fact that card itself is also INTERAC, Having a card that is only Visa Debit or Mastercard Debit would be preferred

  • @relaxingnature2617
    @relaxingnature2617 Месяц назад

    Timestamp: relevant video starts at 1:50

  • @tracyannedelacruz8401
    @tracyannedelacruz8401 8 месяцев назад +1

    I'm from the Philippines how can i recieve interac

  • @irfanulhaq1748
    @irfanulhaq1748 Год назад +1

    plz help if possible

  • @shumskiyalexey
    @shumskiyalexey 5 месяцев назад

    ахуенное видео, спасибо малая!!!

  • @davidviner5783
    @davidviner5783 3 месяца назад

    ''Babysitting''????

  • @spaceasphalt9510
    @spaceasphalt9510 3 месяца назад

    meanwhile UPI - scan and pay in a sec

  • @CryptoDon69
    @CryptoDon69 Год назад +1

    is it taxable when i received 3k cad from interac?

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      Income is taxable.

    • @CryptoDon69
      @CryptoDon69 Год назад

      @@LivinginCanada but from my friend who owe me money is it taxable?

  • @ghale94
    @ghale94 Год назад +1

    Can someone in Canada request me money in USA via etransfer ?

    • @LivinginCanada
      @LivinginCanada  Год назад +1

      I've never tried that, sorry! But as far as I know interac only works within Canada. You could use a service like "Wise" to send money overseas, you can check out my video on that.

  • @shoesarena3940
    @shoesarena3940 11 месяцев назад +1

    Hello,how do I contact you,need some help with questions concerning e transfer,share email kindly