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Do you need to send someone money? Don't know their banking information? Try an INTERAC e-Transfer! All you need is the recipient's e-mail address to send money in just a few quick and easy steps.
With an INTERAC e-Transfer, you can send money to friends and family, even if you don't know their account number or banking information. CIBC sends an e-mail to the recipient, telling them how to complete the money transfer.
It's a fast and secure way to transfer money. And you can get started by logging on to CIBC's Online Banking service!
First, you'll need the e-mail address of the person who will receive the money. You will also need to create a "security question", which the recipient must answer to complete the transfer.
E-mail is used for communications, but the money moves through the same secure network that CIBC uses every day.
Note: Other participating financial institutions or the service provider for the INTERAC e-Transfer system may charge fees to senders and recipients who do not use CIBC Online Banking.
* Usual deposit fees, if any, associated with CIBC recipients' accounts are additional.
** If a customer reclaims an INTERAC e-Transfer, the next INTERAC e-Transfer sent (during the same month as the reclaim) will be free. This applies if the transfer expires, is declined by the recipient, or if messages to the recipient's e-mail address are rejected.
INTERAC e-Transfer is quick and easy to use. You need the following to get started:
To send a transfer, you need to know:
To send or receive an INTERAC e-Transfer, you must register for this service through Online Banking. Registration is quick and easy:
Note: The email address you provide for an INTERAC e-Transfer will replace any previous ones offered - even those used for general purposes.
®, TM2 : INTERAC and INTERAC e-Transfer are trademarks of INTERAC Inc.; CIBC authorized user of the marks.
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