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Interac® e-Transfer


Sending an Interac® e-Transfer is easy: all you need is an email or mobile phone number and online banking access.  And the best part is, it's absolutely free to send and receive e-Transfers through your Edam Online Banking or Mobile App.


Interac® e-Transfer is perfect for:

  • Transferring funds to other Financial Institutions

  • Splitting the bill in a restaurant

  • Paying a roommate for your portion of rent or bills

  • Sending some birthday cash to a family member

  • Paying for everyday purchases such as housekeeping or babysitting 

Makes sending money a breeze


To access Interac® e-Transfer through Edam Credit Union, you first need to be registered for online banking.  If you are not currently registered, get in touch with our office at (306) 397-2242 to set up your account.


Create your Sender Profile (First Time Users Only):

  • Simply login to Edam's MemberDirect Online Banking via the internet or our mobile app.  

  • Click on the 'Transfers' tab on the blue menu bar on the left side of the screen, select 'Interac® e-Transfer'.  If you are using our mobile app, simply select the 'Interac e-Transfer' icon.

  • Complete your contact information, click the 'Create Profile" button and confirm.


Add Recipient(s):

  • From the Interac e-Transfer screen, click the 'Add New Recipient' link.  If you are using our mobile app, select Settings>Manage Recipients>Add Recipients and choose if you would like to "Add a new recipient" or  "Choose From Your Contacts".

  • Enter the person's name, mobile phone number and/or e-mail address OR select the contact you wish to add and select sending method(s).

  • Choose a Security Question and Answer (3-25 letters only) that the recipient will know.


  • From the 'Transfers' menu, select 'Send Interac® e-Transfer'.  If you are using our mobile app, simply select the 'Interac e-Transfer' icon.

  • Select the recipient and the send method.

  • Select an account from which to make the transfer and enter the amount.

  • You also have the option to send a message to the recipient.

  • Click on 'Send Transfer', and Confirm.

  • Your account will be debited the transfer amount immediately, however, for security reasons Interac® holds all transactions for 30 minutes before processing.

  • You can track the transfer status or cancel transfers using the buttons in the left navigation ("Pending...", "Search...") - you will receive notification when a recipient has deposited the funds.


Sending Limits:


  • Per Transaction: $3000.00

  • 7 day rolling limit: $10,000.00

  • 30 day rolling limit: $20,000.00


You'll receive an email or text message containing an encrypted link (the encrypted link can be identified by the use of 'https' instead of 'http').

  • Click on the link and you'll be taken to a secure Interac® website.

  • From the Interac® website, scroll to the Select Province or Territory drop-down and choose Saskatchewan, then select Edam Credit Union from the Select Credit Union drop-down and click 'Deposit'. You'll be redirected to the Edam Online Banking login screen.

  • Log in to Edam Online Banking to answer the security question and accept the transfer.

  • Select the account where you wish to deposit the money.


Note:  If the recipient does not use a participating financial institution, they can click on the link within the message.

  • They will select "My financial institution does not appear here".

  • They will create a profile with Interac®, who will proceed to deposit the funds into their account in 3-5 business days (a fee will apply).

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