Benefits
Faster Transactions: Automatic acceptance speeds up funds clearance.
Increased Convenience: No more manual approval or security questions for incoming transfers.
Improved Security: Transfers go securely to your verified bank account.
Better Tracking: All transfers and automatic deposits are clearly recorded in your bank statements.
How to Set It Up
Log into your bank’s online banking platform.
Navigate to the Interac e-Transfer settings.
Select “Autodeposit” and register your email or phone number linked to your payments.
Choose the bank account where funds should be deposited.
Confirm registration via the email or text message verification.
For more detailed help, see Interac’s official guide:
How to Set Up Interac e-Transfer Autodeposit