Interac e-Transfers
Sending and receiving money is fast, secure, convenient and free for Members!
The first time you send or receive an Interac e-Transfer you will be required to set up a profile in your Online Banking Account. This information can be updated at any time. To learn more how to set up Interac e-Transfers and others features, see below.
What do I do with the cheque after I’ve made my deposit?
There is no need to mail or bring the cheque into the branch after you have made your deposit, however it might be useful to mark the cheque with the phrase “deposited via mobile” (without obscuring any material information on the cheque) to confirm you’ve already deposited it. You should keep the cheque in a safe place for a few weeks to ensure that it has cleared properly, after which it should be destroyed.
What happens if I enter the amount in incorrectly?
During the clearing process everything is double checked to ensure the right amount is deposited correctly and securely into your account. If you have any questions about the process, please call us during our business hours at (416) 532-8723 and we will be happy to help you.
I can see the money in my account, but is it available for use right away?
Similar to deposits made at THE EXCHANGE® ATM network or in branch, standard holds on items apply as the funds require time to clear.
Is depositing cheques with a mobile phone safe?
Yes, as a feature of Parama’s Mobile App, Deposit Anywhere™ meets the same high standards as our mobile and online banking services.
What is Deposit Anywhere™?
Deposit Anywhere™ is a feature on Parama’s Mobile App which allows you to deposit cheques from anywhere, at any time, simply by taking a photo of the cheque.
- Send and receive funds worldwide from the convenience of Parama’s digital banking – including to and from Lithuania and around the globe.
- Benefit from real time exchange rates, quick and easy delivery, and minimal to no sending fees.
- To get started, watch the videos, read the step-by-step or contact us.
How to get started, step-by-step instructions.
- Log in to Online Banking or the Parama Mobile App.
- Click International Transfers.
- For Online Banking: on the left-hand menu, navigate to Transfers > International Transfers.
- For the Mobile App: select the Transfers icon > International Transfers.
- Read the disclaimer and proceed.
- You will be re-directed to a new page.
- Complete the registration requirements and add your ID.
- Add your recipient(s).
- You are ready to start sending International Transfers!
What are the minimum and maximum International Transfer amounts?
You can transfer between $10 CAD and $25,000 CAD to most countries. If you need to send more than $25,000 CAD, please contact Agility at (604) 256-6200.
How long does an International Transfer take?
- Transfers within North America are typically delivered the next day.
- International Transfers outside North America typically take two business days.
How do I keep track of my International Transfer?
Your transfer will appear in your transaction history in Online Banking in real-time. You will also receive an email notification when the transfer has left your account and when it arrives at the recipient’s account.
What are the exchange rates?
With real time pricing in International Transfers, you will get Parama’s true exchange rate every time! The rate refreshes every 10 seconds.
Incoming Wire Transfers
Incoming Wire Transfer Codes must be completed exactly using the SWIFT and FEDWIRE codes provided below. Any missing or incorrect information may result in the incoming wire being delayed or returned. If you have any questions, contact us.
Downloads:
Outgoing Wire Transfers
To transfer funds from Parama to another bank account worldwide, we welcome you to visit us at either branch, or call us, or simply complete our secure and convenient online form.
Estimated Service Charges
- Parama charges $25 for processing Outgoing Wire Transfers sent to Canada/US, applied in the currency of the wire being sent, and $35 for anything sent outside of Canada/US.
- Additionally, intermediary banks may deduct additional Service Charges prior to your Wire Transfer arriving at the beneficiary’s Financial Institution (F.I.).
