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Information about Interact Email Transfer

Pre-registration is required due to the popularity of the classes. Call/email first to verify space availability. Print the registration form (click on "register here" on the desired class). Payment is by cheque, cash or email Interact. You may pay by mail or at the downtown or uptown offices (not at the dance locations - unless we are teaching a class at that day/time). If you wish to come to the office, please call/email to make an appointment. Current students may pay at their respective classes. Do not fax your registration form.

Interact Email Money Transfer

Information about Interact Email Transfer

An Interac Email Money Transfer is a bank-based, person-to-person transfer of funds that uses email for fast notification, while financial institutions transfer the funds using established and secure inter-bank settlement systems.

To send an Interac Email Money Transfer, you need:

1. Your own email address
2. A password to access your bank accounts online (at a participating bank - BMO Bank of Montreal, CIBC, Scotiabank, TD Canada Trust or RBC Royal Bank)
3. The email address of the person to whom you are transferring the money (please call to get the email address)
4. A special security question with an answer (you must tell the recipient the answer). If you are going to send money to the same recipient in the future, you must remember the answer since the recipient must use the same answer).

To send an Interac Email Money Transfer, login to your bank accounts online, click on the Interac Email Money Transfer link (it may be under the title “transfers”), specify a recipient by entering an email address, fill in the Interac Email Money Transfer information (payment amount, account from which to withdraw the funds, security question and optional personal message) and press send. An email notification is sent to the recipient's usual email inbox.

The recipient gets an email with hyperlinks to the recipient’s bank of choice to deposit the funds. Institutions which offer the Interac Email Money Transfer service comprise approximately 80% of all Canadians banking online. They will not know your account information and you will not know their account information.

If you need an online banking password, contact your bank, or follow the instructions when you receive your first Interac Email Money Transfer. It is free to receive an Interac Email Money Transfer but each bank charges differently for sending so check with your bank (ranges from approximately $1.50 to $2:50).

Several measures have been built into the application to ensure the protection of both your accounts and your personal information including: Confidential, bank-issued user IDs and passwords, 128-bit browser encryption, security question and response to ensure only the intended recipient can deposit the transfer, secure login processes, and expiry date on Interac Email Money Transfers.

It's important to stress that the funds in an Interac Email Money Transfer always reside safely at a bank and never travel by email. The email is only a notification about the transaction. Your bank and your recipient's bank transfers the funds the way they always have for years - through existing interbank settlement arrangements. That's why it's secure. That's why it's a real-time transaction.