Interac E-Transfers

The simple way to send money directly to another person using your online or mobile banking

Now you can send money with Interac E-transfers

Interac® e-Transfer is rapidly becoming the preferred way for Canadians to send and receive money between accounts. Quick, convenient and secure, Interac® e-Transfer enables YNCU members to transfer funds directly to anyone with an email address or a mobile phone number and an account at a Canadian financial institution.

With Interac® e-Transfer YNCU Members can send and receive money from either a computer or web-enabled mobile device. The sender does not need to know the recipient’s institution or account information.

Recipients are notified by email or text message when a transfer has been sent and participating financial institutions transfer the funds using secure, established banking procedures.

Interac® e-Transfer is a quick and convenient way to transfer money for almost anything, such as:

  • Repaying money you borrowed from a friend
  • Sending cash to children at college or university
  • Transferring your share of rent to your roommate
  • Sending money in place of a gift
  • Paying the invoices of suppliers (on single and dual-signature business accounts)
  • No more writing cheques, running to the ATM or paying fees for bank drafts.

Interac® e-Transfer is the secure, quick and cost-effective way to send money. It also means you’ll be able to receive an e-transfer to your account – almost instantly!


The fee is $1.25 per transfer to send money to another person.  There is no fee to receive an e-transfer to your account (the fee is paid by the sender).  There are no cancellation fees; however, the sending fee is non-refundable.  If you cancel an e-Transfer, your account will be credited with the dollar amount of the transfer but not the sending fee.

Transfer Limits

While there are no minimum amounts, there are maximums for both sending and receiving e-Transfers.

Per Transaction Per Week (last 7 days) Per Month (last 30 days)
Sending Up to $3,000 Up to $10,000 Up to $20,000
Receiving Up to $10,000 Up to $25,000 Up to $50,000


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E-mail money transfer advisory:

An issue has been identified for transfers made between midnight and 3 AM Eastern time. You should complete your transfer before midnight ET or after 3 AM ET.

We are working with our service provider to resolve this issue.