To receive money with Interac, you'll first need to open a CAD Balance and get account details. Then just follow these steps:
Click on your CAD Balance on the web — it's not available on mobile at the moment.
Click Receive > Receive with Interac.
Select Register email with Interac.
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 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 Interact in my Business account?
At this time, no. We only offer this service to personal accounts.