How to Accept and Deposit an INTERAC e-Transfer Sent from Simplii Financial Into Your Bank Account

As part of their grand opening, Simplii Financial is offering from INTERAC e-Transfers. I sent one to test how it’s done. Now I’m going to accept the INTERAC e-transfer from Simplii and deposit the money into my account at another major Canadian bank.

What You’ll Need to Accept an INTERAC e-Transfer

To accept the transfer from Simplii Financial, you’ll need to have a Canadian bank account. You’ll also need to know how to sign in to that bank account online.

You will also need to know the correct answer to the question provided in the email. If you’re not sure, get in touch with the sender, don’t guess!

Do NOT accept an INTERAC e-Transfer if you don’t know who sent you the money and why. There are scams out there with fake e-Transfers to try to get at your banking information! Call and confirm with the sender that you are supposed to be getting the e-Transfer.

Depositing an INTERAC e-Transfer from Simplii Financial

Open the email message that contains the e-Transfer.

Interesting! Either Simplii or INTERAC remembered where I deposited the last one I received because it’s asking if I want to deposit the money with Big Canadian Bank 1 or a different financial institution.

Just to keep INTERAC guessing, I’ll choose another bank this time.

Click on the icon for the offered bank, or click on the button Select a different financial institution.

The INTERAC e-Transfer Page
Choose your bank from the icons or from the drop-down list of Institutions.

The online banking screen for your bank should appear.

As prompted, sign in to your bank account.

When prompted, type the answer to the question sent by the person sending you the money.

Review the Transfer details.

If appropriate, select into which account to deposit your money.

Click Accept.

If provided, make a note of the Confirmation number in case of any problems in the future with the transfer.

Sign out of your online banking. For increased security, clear your browser history and cache and close your browser session.

That’s it! The money’s mine now!

I notice an email was also sent to the email address I use with Simplii Financial to tell me that the transfer has been accepted.

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