Send Interac e-Transfer

After you've created your user profile and a recipient list you can now send an Interac® e-Transfer.

How to send money by email

  1. Log in to online banking at www.coastalfinancial.ca and go to the Transfer Money section.
  2. Select Send e-Transfer from the Shortcuts menu
  3. Enter the amount of money you want to send and the account to withdraw from.
  4. Select the recipient from your recipients list.
  5. You can enter a short message for the recipient. This message should not contain the answer to the security question.
  6. Click Continue to complete the transaction.

Important information

  • A non-refundable service fee of $1.50 will be charged for sending money by email. The recipient's bank or credit union may also charge a service fee to receive the money.
  • It can take 15 minutes or more for the recipient to receive an email informing them that you have sent them money.
  • If the recipient has not deposited the money that you sent to them by email, you can send them an email reminder on the Pending Email Money Transfers page.
  • If the money you have sent has not been deposited within 30 days it will be automatically deposited back into your account.
  • Once money has been deposited by the recipient it cannot be canceled. Be sure to verify the email address before you send money.
  • Keep the password secret so that only you and the recipient know the answer.
  • The e-transfer limits are as follows:  


For personal accounts, the limits are:

                                                                 OUTGOING (Send):                INCOMING (Receive):

Maximum amount per transaction: 

$3,000

$10,000

Maximum amount per day: 

$3,000

$10,000

Maximum amount per 7 days:

$10,000

$70,000

Maximum amount per 30 days:

$20,000

$300,000

 

For commercial accounts that are using MemberDirect Small Business, the limits are:

                                                                              OUTGOING and INCOMING:

Maximum amount per transaction: 

$10,000

Maximum amount per day: 

$10,000

Maximum amount per 7 days:

$70,000

Maximum amount per 30 days:

$300,000



How to cancel an INTERAC® e-Transfer

You can cancel an INTERAC® e-Transfer before it has been deposited by the recipient.

  1. Click Pending e-Transfer to view an e-Transfer that you have sent but has not yet been deposited.
  2. Click Cancel to cancel the transfer and to deposit the money back into your account.

Note that the $1.50 service fee will not be refunded when you cancel an email transfer.

Receive money

All Westminster Savings members can receive money by email. Money received by email will be deposited directly into your Westminster Savings account.

How to receive money by email

A friend can send you money by email if their bank or credit union offers the service. You will receive an email to deposit the money into your Westminster Savings account.

The money is now deposited into your Westminster Savings account.

Important information

 

 

® Trademark of INTERAC Inc. used under license
*There is a non-refundable service fee of $1.50 each time you send an e-Transfer
** Transfer time is dependent on internet and financial institution connectivity

 

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