With Interac, transactions can be processed instantly or within minutes by just using a mobile or online banking account. But these two organizations were merged in 2018 to form a single corporate entity known as Interac Corp.įinancial institutions in Canada partner with Interac e-Transfer to provide their clients access to this alternative payment solution. Initially, Interac e-Transfer was offered by Interac Association and Acxsys Corporation.
Interac e-Transfer is a payment network that was launched to offer access to fast, secure and convenient transactions in Canada. The e-Transfer Limits of Other Banks in Canada.Why Your CIBC Interac e-Transfer Failed?.
CIBC e-Transfer Limit for Student Accounts.