Interac e-Tranfser allows you to add funds to your business' Float balance instantly, so you can get funds where you need them right away. Securely transfer up to $25,000 in the time it takes to send an email! This guide will take you through the straightforward setup and usage of this powerful feature.
Setting Up Interac e-Transfer funding
Loading Funds with Interac e-Transfer
Viewing or changing your Interac e-Transfer recipient address
Setting Up Interac e-Transfer funding
To set up Interac e-Transfer funding to your business' Float balance, follow these simple steps to register the recipient address for your e-Transfers into Float.
Before you start: To enable Interac e-Transfers, your business must also have a connected and verified bank account. Your e-Transfers do not need to originate from this account. See: Connecting CAD Bank Accounts to Float
1. Log-in to Float as an Administrator
2. Navigate to Banking > Funding
3. Click "Transfer Funds"
4. Choose "Interac e-Transfer"
5. Enter the email address that you will send e-Transfers to in order to fund your business' Float balance. Important:
- This will be the recipient address for your e-Transfers to Float
- Enter an email address that your business owns and can you can access in order to complete the subsequent verification step.
- Select an address which will not receive other e-Transfers. After you complete the verification, all future e-Transfers sent to this address will be auto-deposited to your business' Float balance.
6. Click "Continue".
7. A confirmation email will be sent to the email address you provided. Open and action it to complete the setup. If you haven't received the email, return to Banking > Funding > Transfer Funds > Interac e-Transfer > click "Resend Verification".
You're ready to start funding your business' Float balance instantly with Interac e-Transfer!
Loading Funds with Interac e-Transfer
After completing the setup, simply initiate an e-Transfer to your verified recipient address from your online banking portal.
The funds will be recognized in your business' Float balance immediately upon receipt. Usually this is nearly instantaneously, but banks sometimes hold the first large transfer to a new email address for approval (typically for up to an hour).
See past e-Transfers along with your other Funding transfers at Banking > Funding > Funding History.
Viewing or changing your Interac e-Transfer recipient address
Log in to Float as an Administrator and navigate to Banking > Funding > Transfer Now > Interac e-Transfer. Here you can view and copy the email address you can send e-Transfers to in order to fund your business' Float balance.
To change this email address to a different one, click "Remove Registration". You can then repeat the verification steps above.
Transfer Limits
Interac e-Transfer allows you to transfer up to $25,000 per transfer to your business' Float balance.
Your bank may enforce other per-transfer, daily, weekly and/or monthly limits, which might be lower. Your bank may choose to adjust this limit at their discretion.
For transfers exceeding $25,000, Float also offers Fast Funding for eligible customers. Learn more here: Fast Funding FAQ ⚡️