Edam Credit Union

Interac® e-Transfer

FAST.   SIMPLE.   SECURE.

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

GETTING STARTED:

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.

NEW FEATURES!! Autodeposit and Request Money LEARN MORE

SENDING AN e-TRANSFER:

• 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

RECEIVING AN e-TRANSFER:

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).