How do I receive money with Interac Autodeposit

To receive money with Interac, you'll first need to open a CAD balance and get account details. Then just follow these steps:

1. Click on your CAD balance on the web — it's not available on mobile at the moment.

2. Click Request > Receive with Interac.

3. Select Register email with Interac.

4. You’ll receive an email from Interac to complete your registration. You’ll then receive a confirmation email that your Interac account is registered with People’s Trust. This is our banking partner for CAD balances.

How does it work?

Interac is an interbank network for receiving e-transfers (payments) without sharing your bank details.

When your payers send money to your registered Interac email address, you'll receive it into your Wise balance.

• There are no fees to receive Interac payments

• You can receive payments 24/7 — usually they arrive within 20 minutes

• You can receive 25,000 CAD per day. However, the sender’s bank may have limits on how much they can send.

• It's not available for businesses at the moment, but we're working on it.

Can I set this up without Autodeposit?

No, at this time you can only set this up using Autodeposit.

How do I claim money on Interac?

Autodeposits are sent directly to your Wise Account, so there’s no need to claim them.

I have Autodeposit set up with another bank. What happens if I enable this through Wise?

It'll remove Autodeposit at your other bank and set it up with Wise.

I set up Autodeposit on my other bank account which disconnected Autodeposit from Wise. How can I re-register it with Wise?

Just unregister through your CAD balance on web and follow the setup steps above. To unregister, click on your CAD balance > Receive with Interac > Unregister email from Interac.

Can I receive money with Interac in my Business account?

At this time, no. We only offer this service to personal accounts.