Did you know?
In 2018, approximately 371 million Interac e-Transfer transactions worth more than $132 billion were made in Canada.1
Interac e-Transfer interception fraud
e-Transfer interception fraud occurs when money is being sent via Interac e-Transfer from one bank account to another using an email address or phone number. Fraudsters will intercept the online transaction and divert the money to a different bank account.
How to protect yourself
Fraudsters are able to intercept e-Transfers by gaining access to the recipient’s email account and guessing or getting the security question answer. Whether you’re the sender or recipient of an e-Transfer, everyone is responsible for playing their part in preventing fraud.