How do Interac withdrawals work?

Interac e-Transfer withdrawals are a fast and convenient way to receive your funds directly into your bank account.

Before you withdraw

To ensure a smooth experience, you must set up Interac AutoDeposit with your bank account:

1. Log in to your online banking (app or website)
2. Navigate to Interac e-Transfer
3. Select AutoDeposit
4. Register your email address and link it to your bank account
5. Confirm the setup through your bank’s verification email

How it works

• Once AutoDeposit is enabled, your withdrawal will be sent via Interac e-Transfer
• Funds will be deposited automatically—no manual acceptance needed
• Withdrawals are typically received within 24 hours after approval

Important things to know

• Your withdrawal will be sent to the same account/email used for your deposit
• Joint bank accounts are not recommended, as they are a leading cause of personal information mismatches and may result in declined transactions
• If AutoDeposit is not enabled, you’ll need to manually accept the transfer, which may cause delays
• Make sure your email address is correct and up to date to avoid issues

Need help?

If you have trouble setting up AutoDeposit or receiving your transfer, our Customer Support team is happy to assist.