Interac is a Canadian funds transfer service that makes it easy to move money between personal and business accounts at participating banks and financial institutions in Canada. It’s a trusted and secure way to handle your transactions.
To use Interac, you’ll need to contact your bank and enable the service. This ensures your account is ready for deposits and withdrawals.
Deposit/withdrawal limit and processing time
Below is a summary of deposit and withdrawal limits and how long each usually takes.
Country | Processing time: deposit | Processing time: withdrawal | Min -Max: deposit | Min -Max: withdrawal |
Canada | 1 hour | Up to 24h | $10 - $6,000 | $10 - $15,000 |
Once a withdrawal has been released:
Banks supporting Fast Funds normally receive the payment within approximately 40 minutes.
Banks using standard processing may take 1–3 working days.
If you’d like a step-by-step guide on how to deposit or withdraw, tap the arrow to see the full guide.
How to deposit
Steps on all platforms: desktop, iOS and Android app
Steps on all platforms: desktop, iOS and Android app
Click on Deposit from the top menu.
Select the Interac icon.
Enter the amount.
Click Set amount to complete the process.
You will be redirected to the provider's landing page and follow the on-screen instructions.
With Interac, you have two convenient options to add funds to your account:
Using your bank details for a direct transfer
Request for Money feature for a quick and easy deposit
Choose the method that works best for you.
Using Request for Money
Using Request for Money
Go to Other Interac Payment Options, choose your bank, then select Interac e-Transfer Request Money option to continue.
Next, you’ll land on your bank’s portal to finish the payment process.
Important: Deposit limits shown are default values and may differ from your personal limits. (embed deposit limits)
Note: Click here to learn more about using Interac.
How to withdraw
Steps on all platforms: desktop, iOS App, and Android App
Steps on all platforms: desktop, iOS App, and Android App
If Interac Autodeposit is enabled:
Your withdrawal will be verified and processed automatically. No further action is required.
If Interac Autodeposit is not enabled:
After you submit the payment form, you'll be redirected to Gigadat's secure verification page where you'll log in using your regular online banking credentials.
Gigadat
After you submit the payment form, you'll be redirected to Gigadat's secure page.
Here, you'll log in using your regular online banking credentials. This helps us verify your account and process your payment safely.
InteracPIQ
You'll be asked to create a security answer during the withdrawal process. It must be at least 6 characters long and cannot include spaces or special characters.
Click on My account from the top menu.
Google Chrome view:
iOS/Android App:
Tap on withdraw.
Select the Interac icon.
Enter the amount, your email address and your mobile phone.
Click Set amount to complete the process.
You’ll receive a confirmation email letting you know the payment is complete.
Important:
Make sure the email on your BetVictor account matches the email registered with your bank. This is essential for Interac transactions to work smoothly and avoid delays.
If your email or mobile number isn’t registered for Auto Deposit, you’ll need to answer a security question provided by the sender before accessing your funds.
It must be at least 6 characters long and cannot include spaces or special characters.