Send Money

PostedJune 13, 2025

UpdatedJune 19, 2025

Send Money – US

Wallet to Wallet transfers
ACH Transfer (3-4 Business Days) via EFT
- Will need recipients banking details & address
Email – Phone (instant) via Interac
Escrow Setup

ACH Transfer (3–4 Business Days) via EFT

Will need recipient’s banking details & address
EFT in Canada refers to the electronic transfer of funds directly from one bank account to another. It’s similar to the Automated Clearing House (ACH) system in the United States, but operates in Canadian dollars (CAD) within the Canadian financial network. Governed by Payments Canada, it provides a way for banks and other financial institutions to move money electronically between accounts by “pushing” funds to recipients and “pulling” funds from senders.

Timing

Batch Cutoff	Lock Trust Processing	Estimated Settlement
3:00 PM PT	Same business day	Next 1–3 business days

Email – Phone (instant) via Interac
- INTERAC
  Interac e-Transfer offers two distinct ways for recipients to receive funds: traditional and autodeposit. Understanding these flows is crucial for both senders and recipients to ensure smooth and timely transactions.
  - Traditional: As part of this process, the recipient may be asked to enter a verification PIN. This PIN is generated by Lock Trust, and is presented via the recipient experience.
  - Autodeposit: When an Interac e-Transfer is sent to the email or phone number linked to the recipient’s Interac account, they receive an email notification from Interac and the funds will be automatically deposited directly into their associated bank account.
Escrow Setup