Interac e-Transfer is a fast and secure way to send Canadian Dollars (CAD) domestically. Once you confirm the transfer request, funds are typically deposited instantly, though it may take up to 24 hours for your Flywire payment status to update.
Important limits and timing for Interac (CAD)
Before you begin, please keep the following requirements in mind to ensure a smooth payment experience:
- Transaction Limits: Most Canadian banks set daily Interac limits, generally ranging from $2,500 to $3,000 CAD. Please check with your bank if your payment exceeds these amounts.
- Email Delivery: It may take up to 24 hours to receive the Interac e-Transfer request email. Remember to check your spam or junk folder if it does not appear in your inbox.
Steps to complete your Interac e-Transfer (CAD)
Follow these steps to initiate and confirm your payment:
1. Create your payment request: Select Interac as your payment method on the Flywire website. When prompted, provide the email address associated with your personal Interac account.
2. Access the e-Transfer request: After confirming your request on Flywire, you will be redirected to your payment tracking page. Look for an email from Interac sent to the address you provided during the booking process.
3. Confirm the payment: Open the Interac email and follow your bank's specific instructions to authorize the transfer. Once authorized, the funds are deposited instantly, and you will receive a confirmation email from Interac.
Flywire will update your payment status within 24 hours and will send you a final confirmation email once the funds have been delivered to your institution.