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What is Request Money?

Request Money is a feature of Interac e-Transfer that allows you to request money from a person or business with an email address or mobile number and a bank account at a participating Canadian financial institution. If your recipient accepts your request for money, you'll receive an email from INTERAC letting you know the funds have been deposited into your account.

Speed

When you request money using Interac e-Transfer, an email or text message is sent to the recipient typically within 1 minute, though some notifications may take up to 30 minutes. If you used the recipient's email address and your recipient doesn't receive the email from INTERAC, have them check their email 'Junk' folder.

The request will automatically expire after 30 days if the recipient hasn't accepted or declined it.

Fees

There is no fee to request money with the following accounts:

Personal Accounts:

  • TD Student Chequing Account
  • TD Every Day Chequing Account
  • TD Unlimited Chequing Account,
  • TD All-Inclusive Banking Plan
  • TD Wealth Private Banking Account

Business Accounts:

  •  TD Unlimited Business Plan

For all other accounts, the following fees will apply if the request is accepted by the recipient:

Personal Accounts:

  • Up to $100: $0.50 per accepted request
  • Over $100: $1.00 per accepted request

Business Accounts:

  • $1.50 per accepted request1

The Request Money transfer fee, if applicable, is charged to the account into which the money is deposited at the time of deposit, if the recipient accepts the request. There is no transfer fee to accept a request1

Cancellation fees

It's free to cancel a Request Money transaction.

1 Business account deposit fees may also apply.

Limits

Request limits:

  • Per request: $3,000

Please note: your recipient can only accept your request if the amount you request is within their sending limits set by their financial institution.

Institutions supporting money requests

Only certain financial institutions currently support Interac e-Transfer Request Money. For a complete list, visit the Interac website.

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