Send and Receive Business Payments with Ease!

Bulk Interac e-Transfer from ICICI Bank Canada is a fast, secure and convenient way to move money directly between Canadian bank accounts. Whether you are paying vendors, contractors, employees or receiving payments from customers, you can rely on Interac e-Transfer for your business payments.

Bulk Payable (Disbursements)

• Upload a single file to send payments to thousands of recipients at once

• Each file can contain up to 10,000 transactions, with each transaction up to 25,000 CAD

• Once processed, recipients are notified instantly and can deposit funds via Auto Deposit or through their financial institution.

Bulk Receivables (Request for funds)

• Collect multiple payments efficiently using bulk receivable files

• Customers can pay using their preferred Interac e-Transfer mode

• Files include remittance information, making it easy to match incoming payments to invoices or accounts

• Access or export detailed dashboards showing which payments are complete, pending, or outstanding.

How it Works

1. Prepare the file in the required format

2. Log into ICICI Bank Canada Corporate Net Banking and upload the file

3. Validate & Review – The system checks for errors or missing data. Make necessary corrections if needed

4. Confirm Execution – Once submitted, the file is sent to Interac for processing

5. Track Status – Monitor the status of the submitted file and its transfers

Why choose Bulk Interac e-Transfer

• Speed and Higher Limits: Funds are typically available within a few minutes. 250 Million CAD can be transferred in a single file

• Cost-Effective: Zero fees compared to traditional payment methods such as cheques or wire transfers

• Wide Acceptance: Available across most Canadian financial institutions

• Convenience: Pay or get paid anytime, anywhere through Corporate Net Banking platform.

Key Features

• Send / Request Money: Send payments to or request payments from customers or business partners with ease

• Auto Deposit: Receive funds directly into your account without answering security questions

• High Limits: 250 Million CAD in a single file, 10000 transfers in a single file

• Multiple User Access: Authorised staff members to initiate or view transfers securely

• Detailed Tracking: View payment status, download file details and experience seamless Interac e-Transfers.

Limits & Fees

Transaction limits

*The values provided are in Canadian Dollars (CAD)

Fees

Get Started Today*

To access Bulk Interac e-Transfer, you will need:

• An ICICI Bank Canada Business Account

• Access to ICICI Bank Canada’s Corporate Net Banking

Access Bulk Interac e Transfer for business now!