Move Money Faster with Interac e-Transfer®

One of the most common requests we’ve heard from Loop customers is simple: make it faster to move money into Loop. Unfortunately, legacy technology used by the traditional Canadian banks make moving fast nearly impossible.

We are excited to share that you can now receive money into your Loop CAD Operating Account with Interac e-Transfer Autodeposit. Whether you need to transfer funds from an account at another bank or you’re getting paid by a customer, you can now receive money into your Loop CAD Operating Account within minutes using Interac.

Why e-Transfer Matters

• Speed: Money arrives in your Loop account in minutes.
• Seamless Experience: With Autodeposit, funds are deposited directly into your Loop account — no need to approve or accept transfers manually.
• Security: Interac e-Transfer is a secure, widely trusted system, and with Autodeposit, funds are routed directly into your designated account.
• Control: Add up to 20 email addresses or Canadian phone numbers to receive e-Transfers. You can edit or remove them anytime, making it easier to track where funds are coming from.

This is especially valuable for customers who need to fund their Loop account more frequently and want faster access to their money.

How to Get Started

1. Log in to your Loop dashboard.
2. Navigate to the Accounts page
3. Click on your CAD Operating Account (or open a CAD Operating Account if you have not done so yet)
4. Click the Interac e-Transfer button and follow the steps to set up Autodeposit
5. Finally, you’ll receive a confirmation message from Interac to complete the set up process

Once set up, you’ll never need to accept or approve transfers again — they’ll arrive instantly in your account.

Interac eTransfer is a faster, simpler, and more reliable way to keep your Loop account funded — helping you move money when you need it.

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*INTERAC e-Transfer® is a registered Trade-mark of Interac Corp. Used under licence.