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How to e-Transfer safely and avoid scams

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Sending money with Interac e\u002DTransfers is safe but not foolproof.

— it’s also free to send. There will be a limit to the amount you can send, which will be based on your daily access limit.

Even though money isn’t actually sent via email, there have been instances of transfers being intercepted and rerouted.Stick with sending e-Transfers only to people or businesses you trust. Be extra suspicious if the transfer is unexpected. If it comes from someone you don’t know, or you aren’t owed any money, don’t reply or click any links. Fraudsters will go to great lengths to try to legitimize their emails, even using company logos and similar addresses.

Last year, a Peterborough, Ont. woman had her e-Transfer intercepted by a thief when she used the question, “Who is my favourite Beatle?”

 

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Hey , you should write an article on when/if e-Transfers can be reversed. Seen many contradictory news lately.

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