The days of paying fees for e-Transfers are over. Starting today, you can send payments via Interac for free, directly through Vault.
New Feature Launch: Send payments via Interac for Free
We’re excited to announce the launch of Interac e-Transfer payments on Vault! Starting today, you can send payments via Interac directly from our platform— for FREE! A feature many of you have been asking for.
Over the past year, we’ve made it easy for you to load funds into your Vault account using Interac, but now we’re taking things a step further. This new capability gives Canadian businesses even greater flexibility in how you manage and make your payments
Why We Built This Feature
We’ve heard from many of you, especially small business owners, that while wire and local transfers work well, you often prefer the simplicity and convenience of Interac. The problem with the banks is that they charge for Interac e-transfers, whereas now you can do it for free, within the platform you already use.
What’s in It for You?
The Interac e-Transfer payment option complements the existing tools you already rely on, like local transfers (EFT, ACH, SEPA) and international wires. Now, you’ll have even more ways to send payments, right at your fingertips. Here’s what you can expect:
- Cost Savings: No e-transfer fees unlike the banks
- Ease of Use: Seamlessly integrates with your existing Vault workflows
- Flexibility: Choose the payment method that works best for your business
Get Started Today
The new Interac e-Transfer payment feature is now available to all Vault business account holders. When you make a payment, you’ll see it as an option!
Ready to see it in action? Check out the video below!
About Vault
We’re transforming the financial landscape for Canadian businesses with our all-in-one digital banking platform. From multi-currency accounts and global bank transfers to automated accounting and corporate cards, we’re here to help you manage your entire financial operations with ease—and without the high fees.
Frequently asked questions
Everything you need to know about the product and billing.
Vault is the cheapest and easiest way to manage your business banking needs. We offer the best currency exchange rates in Canada, chequing accounts multiple currencies, domestic and international bank transfers, and a corporate Mastercard to manage all your spend. By signing up to Vault you automatically get:
- Accounts in Canadian dollars, US dollars, British pounds, and Euros
- Cheapest FX rates in Canada - Free domestic transfers (EFT, ACH, SEPA, FPS)
- A Mastercard Corporate card that gets you the same great FX rates
Transparency is key to us, that's why you'll find all of our fees listed on our pricing page: https://www.tryvault.com/pricing
We don't charge many fees and for the fees we do charge you'll find them to be well below market rates. You also get paid to use Vault via our cashback on card purchases!
We're only able to support Canadian corporations for now. If you have a sole proprietorship, partnership, or non-Canadian corporation we won't be able to support it at this time.
Yes, we have a direct integration with QBO and Xero. We are working on more integrations very soon!
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