Please be advised that Moya will be closing its patronage shares accounts on behalf of members and transferring holdings to savings accounts.
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It is an easy, secure, quick and convenient way to send or receive money. Recipients are notified by email and/or text message and must login to their online banking to accept the transfer.
To send and/or receive Interac e-Transfers, both the sender and the recipient must have accounts at a Canadian financial institution. The transfer must also be in Canadian dollars.
Note: after you accept your first Interac e-Transfer®, Moya Financial Credit Union will be the default financial institution to deposit your funds into (unless you choose otherwise).
Note: Please remember to verify the recipient’s email address before sending the transfer. Once the money has been deposited, you will not be able to cancel it.
While there are no minimums – you can send any amount above $0 – there are maximums for both sending and receiving Interac e-Transfers. All limits are rolling.
There is no money is attached to emails or text messages. Instead, financial institutions use standard practices for safe money transfers.
Nope – just as long as you and the recipient have an online banking account at a Canadian financial institution. Moya Financial offers this service free of charge so you may send, receive, and cancel transfers at no cost.
Recipients can still receive the money by registering with Interac and providing their banking information. The deposit usually takes four to six business days and Interac charges a $4.00 administration fee, which is deducted from the total amount of the transfer.
Yes, provided you have an account at a Canadian financial institution. However, you’ll have to register with Interac and provide your banking information. The deposit usually takes four to six business days and Interac charges a $4.00 administration fee, which is deducted from the total amount of the transfer.
You can cancel the transfer any time until the recipient accepts it. Generally, it takes 30 minutes for notifications to be sent to recipients. To cancel a transfer, click on the ‘Cancel’ link beside the list of pending transfers.
If a transfer hasn’t been accepted within 30 days, it will automatically expire, and the sender will be notified. The sender can either click on the ‘Cancel’ link beside the list of pending transfers or let Interac cancel the transaction. Money will be returned to the sender within seven days of cancelling the transaction. Note however that fees charged at the time of sending the transfer are not reimbursable.
You can also send reminders to recipients who have yet to accept transfers by clicking on the ‘Resend Notice’ link beside the list of pending transfers.
In that case, you’ll be notified and prompted to log in to your online banking to cancel the pending transfer.