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About Interac e-Transfers

Great News!

We've listened to our members and increased the limits on outgoing Interac e-transfers. Per transaction limits have been increased to $10,000. Also you may receive a maximum of $300,000 in any 7 day period (up from $25,000) and a maximum of $900,000 per 30 day period (up from $50,000). Scroll down to the bottom of the page for details on all incoming and outgoing transfer limits.

View a short video about Interac e-Transfers


About Email Money Transfers

Interac® e-Transfer is rapidly becoming the preferred way for Ukrainian Credit Union Limited members to send and receive money between accounts. Quick, convenient and secure, Interac® e-Transfer enables our members to transfer funds directly to anyone with an email address or a mobile phone number and an account at a Canadian financial institution.

With Interac® e-Transfer UCU members can send and receive money from either a computer or web-enabled mobile device. The sender does not need to know the recipient’s institution or account information.

Recipients are notified by email or text message when a transfer has been sent and participating financial institutions transfer the funds using secure, established banking procedures.

Interac® e-Transfer is a quick and convenient way to transfer money for almost anything, such as:

  • Repaying money you borrowed from a friend
  • Sending cash to children at college or university
  • Transferring your share of rent to your roommate
  • Sending money in place of a gift
  • No more writing cheques, running to the ATM or paying fees for bank drafts.

Interac® e-Transfer is the secure, quick and cost-effective way to send money. It also means you’ll be able to receive an e-transfer to your account – almost instantly!

To send money via Interac® e-Transfer simply log into your account and select the "Send Interac e-Transfer option from the Transfers menu on the left hand side.

Ensuring the security of your transaction

Interac® e-Transfer is a secure method of sending money between two parties. However it is important that you follow proper internet security guidelines. You should always use a unique password that is not easily guessed (like your birthdate or address for example). You should also pick security questions that are not easily guessed by hackers. For more information on the terms and conditions under which UCU delivers this and other services please make sure you read and understand our Direct Services Agreement

Request Money Feature

Allow you to easily request money that is owed to you by customers or to use as a friendly reminder when friends or family may have forgotten to pay you back.

To request money, select a contact, enter the amount, the deposit account, and send the request. You can choose to add a personalized message, such as an invoice number if it’s a business. The contact receives an Interac e-Transfer notification requesting the funds. They fulfill the request by logging into their online banking, and the funds are immediately deposited into your bank account.

Autodeposit Feature

Interac e-Transfer is convenient. But for people waiting to be paid, it’s never fast or easy enough. Autodeposit makes it even simpler to securely receive money transfers.

By linking your email address to your UCU account people who owe you money can deposit transfers without needing to answer security questions, select the financial institution or log into online banking. When you receive an Interac e-Transfer it is automatically deposited into the bank account associated with the email address and the customer receives a deposit notification. It takes just seconds to set up.


The fee is $1.50 per transfer to send money to another person. There is no fee to receive an e-transfer to your account. There are no cancellation fees; however, the sending fee is non-refundable. If you cancel an e-Transfer, your account will be credited with the dollar amount of the transfer but not the sending fee.

Transfer Limits

While there are no minimum amounts, there are maximums for both sending and receiving e-Transfers.



 (effective June 10th)


Outgoing (Debit)

Incoming (Credit)

Maximum amount per transfer



Maximum amount per day



Maximum amount per 7 days



Maximum amount per 30 days



Maximum amount per request



Maximum number of outstanding requests



Instant Transfer



Enable Instant Transfers for low dollar amounts



Max. amount per Instant Transfer



24-hour rolling limit for Instant Transfers per customer