Interac E-Transfer is a fast, secure and convenient way to send money to anyone in Canada.
It uses email or text messaging for fast notification to the recipient that a transfer has been sent, while the participating financial institutions transfer the funds using established and secure banking procedures.
To send Interac e-Transfer, all you need is an email address, online access to your bank account at a participating financial institution and the email address or mobile phone number of the person that you are sending money to. Email and/or text messages carry the notification while the financial institutions use existing payment networks to transfer the money to any financial institution in Canada.
At Coinfield, Canadian residents can enjoy trading services with the comfort of their online banking E-transfer funding option.
Please check the following link for further reference¹: