If you're an RBC Online Banking customer, you can quickly and easily transfer funds to friends and family with a bank account at another Canadian financial institution. All you need is the person's email address or mobile phone number and a security question and answer that only you and the recipient know.

• No money is sent through email. The recipient's email address or mobile phone number is only used to notify them that their money is waiting to be collected.
• Transfers can only be made from Canadian dollar accounts.
• There is a non-refundable fee of $1.00 to send an Interac e-Transfer (this is withdrawn immediately from your account). Certain banking packages include free Interac e-Transfers.
• There is no service fee to receive an Interac e-Transfer. However, if the recipient does not bank online, they may be charged a service fee¹ to register and provide account information to receive the funds within 3-5 business days.
• You can review the status of current and past transfers on the "Payment History" tab on the Pay Bills & Transfer Funds page in RBC Online Banking.

1) Service fee rendered by the Axcsys/Certapay a division of Interac