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Empower your business with Bulk Transfers

Move money faster with Bulk Interac e-Transfer from ICICI Bank Canada. Pay or collect from thousands, enjoy auto deposit, track payments easily and benefit from zero fees and high transaction limits.

 

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How it works

FAQs

What is Bulk Interac e-Transfer?

Bulk Interac e-Transfer is a secure and efficient service that allows businesses to send or request up to 10,000 payments in a single file upload. It streamlines processes like payroll, vendor payments and other mass disbursement.

What are the requirements for carrying out a Bulk Interac e-Transfer?

Requirements for carrying out a Bulk Interac e-Transfer:

  1. Open a Corporate Account with ICICI Bank Canada
  2. Register the Corporate Account with Interac (Please refer to the question: How do I register a Corporate Account with Interac?)
  3. Register for Autodeposit. (Please refer to the question: How to register a Corporate Account for Autodeposit?)
  4. Log in to ICICI Bank Canada’s Corporate Net Banking
  5. Click on Interac (i.e. Last option) under the left side menu
  6. Click on Bulk Transfer
  7. Click on Bulk Payable or Bulk Receivable. (Please refer to the questions- What are the steps to send money via Bulk Interac e-Transfer? and What are the steps for receiving money via Bulk Interac e-Transfer?)

How do I register a Corporate Account with Interac?

Steps for Corporate Account registration:

  1. Log in to ICICI Bank Canada’s Corporate Net Banking
  2. Click on Interac under the left side menu
  3. Click on Manage Profile
  4. Click on Profile
  5. Verify the corporate name and corporate e-mail ID
  6. Click on Submit

How to register a Corporate Account for Autodeposit?

Steps to register for Autodeposit for the Corporate Account:

  1. Log in to ICICI Bank Canada’s Corporate Net Banking
  2. Click on Interac Option under the left menu
  3. Click on ‘Manage Autodeposit’
  4. Verify the e-mail address
  5. Select the account number from the dropdown
  6. Click on acknowledgement checkboxes
  7. Click on Submit