We are constantly working to improve your RBC PayEdge experience. Introducing Interac e-Transfer for Business, an enhancement to Email Money Transfer that will be effective in October 2023.
Interac e-Transfer for Business
With the latest enhancement, users will have access to new and enhanced features for sending Interac e-transfer payments, enhancing the Email Money Transfer feature:
Additional payment routing options - transfer funds in the way that’s most convenient
Use a Canadian mobile number to route the payment to suppliers
Use a bank account number to route the payment to suppliers
Transparent access to payment data
With Interac e-Transfer for Business, key remittance data such as invoice details, sender messages, or other payment information is now included with each payment transaction through a globally recognized ISO 20022-standard.
Increased limit up to $25,000 per transaction (up from $10,000 per transaction)