What is Autodeposit for Interac e-Transfer?

Autodeposit is a feature that links your email address or phone number directly to your bank account. When someone sends you an e-transfer, the money is deposited automatically without you needing to answer a security question. It is actually more secure than the security question method.

Yes — Autodeposit is safer than using a security question because there is no secret answer for a scammer to steal over the phone. Once set up, transfers go directly to your account. Your bank verifies the deposit automatically.

How to Set Up Autodeposit for e-Transfer

By Aaron Kramer, Two Birds Innovation · March 2026

Autodeposit is one of the simplest security upgrades you can make to protect your e-transfer money. Here is what it is and how to set it up:

What is Autodeposit?

Normally, when someone sends you an Interac e-transfer, you have to answer a security question to accept it. With Autodeposit turned on, the money goes straight to your account without a security question — faster and safer.

How to set up Autodeposit

The exact steps vary by bank, but the path is similar at all major Canadian banks:

Open your bank app (TD, RBC, BMO, Scotiabank, CIBC, or your credit union app)
Find the Interac e-Transfer section (usually under Transfers or Payments)
Look for Autodeposit settings or a Registration option
Register your email address or phone number — this is the address people will send transfers to
Confirm via a verification email your bank sends you

Not comfortable setting this up yourself?

Visit your bank branch and ask a teller to help you set up Autodeposit. It takes about 5 minutes and they will walk you through it step by step.

Want to learn more?
Module 6: Banking & Transactions goes deeper on this topic.
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