# Interac e-Transfer

11 Hacker News commenters recommended Interac e-Transfer and 3 criticized it, November 2025 to November 2026. It was recommended in 6 of 13 months. It meets the Hacker Approved badge rule.

**Verdict:** Canadian banks' payment network that lets most people send money free, without Visa or Mastercard. Critics note low transaction limits and delays.

## Why people recommend it

- Free for most people to use (2 comments): "I can securely email or text money to friends and family with no fees" ([source](https://news.ycombinator.com/item?id=47094503)) "Interac is free for most people and very easy to use." ([source](https://news.ycombinator.com/item?id=49996674))
- Secure and easy to use (3 comments): "I can securely email or text money to friends and family with no fees" ([source](https://news.ycombinator.com/item?id=47094503)) "Interac is free for most people and very easy to use." ([source](https://news.ycombinator.com/item?id=49996674)) "it works pretty wonderfully" ([source](https://news.ycombinator.com/item?id=46966163))
- Low fees on cost-recovery basis (2 comments): "It had chip and pin ahead of credit cards, and has lower fees." ([source](https://news.ycombinator.com/item?id=49645492)) "universally accepted and runs on a cost recovery basis" ([source](https://news.ycombinator.com/item?id=46961832))
- Canadian banks run it, not Visa (2 comments): "I like it just on principle for being something the Canadian banks collaborate on without involving Visa or Mastercard" ([source](https://news.ycombinator.com/item?id=47249395)) "We've already got a strong payment processing brand with Interac" ([source](https://news.ycombinator.com/item?id=46962357))

## Alternatives hackers recommend

- [Wise](https://hackerapproved.com/p/wise.md): 40 recommend

## Where to get it

- [Visit the official site](https://www.interac.ca/en/)

## Cite as

Hacker Approved, "Interac e-Transfer", https://hackerapproved.com/p/interac/ (counts from 1,795,640 Hacker News comments, November 2025 to November 2026).