Interac e-Transfer
Hacker ApprovedMoney transfer service in Money & business
Canadian banks' payment network that lets most people send money free, without Visa or Mastercard. Critics note low transaction limits and delays.
Canadian banks' payment network that lets most people send money free, without Visa or Mastercard. Critics note low transaction limits and delays.
14 people gave an opinion
- recommend it
- 11
- criticize it
- 3
- approval share
- 79%
Recommended in 6 of 13 months
- November 2025: not recommended
- December 2025: not recommended
- January 2026: not recommended
- February 2026: recommended
- March 2026: recommended
- April 2026: not recommended
- May 2026: recommended
- June 2026: not recommended
- July 2026: not recommended
- August 2026: recommended
- September 2026: recommended
- October 2026: recommended
- November 2026: not recommended (month in progress)
Why it carries the badge
- 11 people recommend itNeeds 10 or more, met.
- 3.7 recommenders for every criticNeeds 2 to 1 or better, met.
- Recommended in 6 of 13 monthsNeeds 4 or more, met.
The same three rules apply to every product, and the badge can’t be bought. How the badge works
What people say about it
The reasons people give, with the number of comments that give each one. Open a reason to read what they said.
Why people recommend it
Each mark is one comment
Free for most people to use
“I can securely email or text money to friends and family with no fees”
Comment from 20 Feb 2026 in “PayPal discloses data breach that exposed user info for 6 months” “Interac is free for most people and very easy to use.”
Comment from 7 Oct 2026 in “Visa, Mastercard, major banks facing new litigation over 'anticompetitive' fees” Secure and easy to use
“I can securely email or text money to friends and family with no fees”
Comment from 20 Feb 2026 in “PayPal discloses data breach that exposed user info for 6 months” “Interac is free for most people and very easy to use.”
Comment from 7 Oct 2026 in “Visa, Mastercard, major banks facing new litigation over 'anticompetitive' fees” “it works pretty wonderfully”
Comment from 10 Feb 2026 in “Europe's $24T Breakup with Visa and Mastercard Has Begun” Low fees on cost-recovery basis
“It had chip and pin ahead of credit cards, and has lower fees.”
Comment from 10 Sep 2026 in “What do Visa and Mastercard do? An intro to card networks” “universally accepted and runs on a cost recovery basis”
Comment from 10 Feb 2026 in “Europe's $24T Breakup with Visa and Mastercard Has Begun” Canadian banks run it, not Visa
“I like it just on principle for being something the Canadian banks collaborate on without involving Visa or Mastercard”
Comment from 4 Mar 2026 in “Why payment fees matter more than you think” “We've already got a strong payment processing brand with Interac”
Comment from 10 Feb 2026 in “Europe's $24T Breakup with Visa and Mastercard Has Begun”
What people recommend instead
The same counts for each, so you can compare like for like. The tick on each bar marks the 2 to 1 line the badge needs.
| Product | Recommend | Criticize | Approval | Months | Owned | Badge |
|---|---|---|---|---|---|---|
| Wise | 40 | 32 | 56% | 12 | — | — |
| Interac e-TransferThis page | 11 | 3 | 79% | 6 | — | Approved |
What people said
13 of the 14 comments that mention it, newest first. Each links to the original comment.
“Interac is free for most people and very easy to use.”
“It had chip and pin ahead of credit cards, and has lower fees.”
“is the best modern solution so far”
“It's really wicked, and I'm always amazed other places like America don't have it built into their bank accounts”
“Interac rules above anything else.”
“single transaction limits are far too low to transact down payments or even many b2b payments”
“I like it just on principle for being something the Canadian banks collaborate on without involving Visa or Mastercard”
“You must be online to process the transaction and you can't refund/void unless the card is present.”
“I can securely email or text money to friends and family with no fees”
“That thing can take up to 30 minutes to receive your money!”
“it works pretty wonderfully”
“We've already got a strong payment processing brand with Interac”
“universally accepted and runs on a cost recovery basis”
Counts come from 1,795,640 Hacker News comments, November 2025 to November 2026. How we count. Report a mistake.