Buy bitcoin with Interac e-Transfer

What is Interac e-Transfer?

Interac e-Transfer is Canada's standard way to move money between bank accounts, run by Interac Corp. and offered inside the online and mobile banking of more than 250 participating Canadian financial institutions. You send Canadian dollars to an email address or mobile number instead of an account number, and the recipient either accepts the transfer or has it land automatically with Autodeposit switched on. Because no account details change hands, it is the everyday way Canadians pay each other and fund accounts online.

Speed

The recipient typically sees the money within minutes or even seconds of accepting it, though routine fraud checks can add delay.

Cost

The fee is set by your financial institution rather than by Interac, and many Canadian bank packages include a number of transfers, or unlimited transfers, at no extra charge.

Limits

Per transaction limits are set by your bank and typically run 2,000 to 3,000 Canadian dollars for personal accounts, with business accounts allowed higher.

Speed and cost describe the rail itself. What an exchange adds on top varies by platform and is shown per exchange below.

Using Interac e-Transfer in Canada

Interac e-Transfer appears in one country guide on this site, Canada, where deposits settle in Canadian dollar (CAD). Buyers there fund exchange accounts with Bank transfer or wire, Debit card, Credit card as well, and the country guide ranks the exchanges that take each one.

Buy bitcoin with Interac e-Transfer in Canada