how to cancel an e transfer on RBC

If you are looking for how to cancel an e transfer on RBC mobile app then you are in right place. In this article, you will learn step by step process of canceling an e transfer on the royal bank of Canada.

Nowadays many online banking payment options are available but you can also send money to family and friends who have accounts at other Canadian financial institutions by using a secure payment system called Interac e-Transfer.

Scotiabank and BMO are also providing same kind of transfers.

how to cancel an e transfer on RBC

Cancel an e transfer on RBC mobile application is a very simple and quick process. Just open your account on the app and visit your payment history.

Here you will get the option to cancel an interact e-transfer. For full details please read the paragraph below.    

How To Cancel an Interac e-Transfer on RBC Mobile App

Customers of the royal bank of Canada can easily stop or cancel an Interac‡ e transfer if the recipient has not deposited the amount into his account.  

In this situation, funds can be reclaimed by using online banking. Apply the following steps to stop an e transfer RBC.

  1. First you need to open rbc banking tab online.
  2. Then go to “Pay Bills and Transfer Funds”.
  3. Next visit the “Payment History” tab.
  4. Here you’ll see recent payment list, choose the confirmation code of the Interac e-Transfer that you want to cancel it.
  5. Now go to Interac e-Transfer “detail page”.
  6. Lastly, click on “Cancel Payment” button.

By using the above steps, you can cancel an unclaimed e etransfer RBC on the mobile app under 15 calendar days.

After this time period, RBC will send the amount back to your account and deduct $5.00 as a reclaim fee.  However, if the “cancel” button is not available then it is no longer possible to cancel that payment.

Moreover, customers can also watch the process of cancel etransfer RBC in the video given below.

How to Resend and Edit an Interac e-Transfer RBC

All the users keep in mind; if the funds’ receiver is registered for auto-deposit then the amount will be transferred immediately and can’t be canceled or changed.

In this situation, the bank will immediately send money from your account to that person’s account.

If you want to edit recipient information or security questions in the RBC app then apply the following steps.

  • First you need to tap on “Move Money” available in the Navigation bar.
  • Next click on “Send an Interac e-Transfer” and then go to “History”.
  • Choose e transfer that you want to change and click on “Edit & Resent”.
  • Next click on edit phone number, email or security questions.
  • Finally, tap “Save” and “Resend”.

This procedure might be different on an android phone. RBC Bank has more than 86,000 employees in the world.

The head office of RBC is located in Montreal and headquarters in Toronto. It was founded in 1864 in Halifax, Nova Scotia. The bank number or institution number of the royal bank of Canada is 003.

Royal Bank of Canada got an addition to the Financial Stability Board’s list of global systemically important banks in November 2017.

How to Cancel Same Day Payments RBC

You can cancel same-day bill payments by calling at Royal Bank of Canada customer service number 800-769-2555. It will be great for you if you call customer support before 6:00 pm.

RBC will credit funds back to your account in 2 to 5 working days if all goes well. Payments made to RBC customers are final and the bank will not reverse any transaction.

How much does it cost to send an Interac e-Transfer?

Customers having RBC person chequing accounts can use it free. If you send interact e transfers from your RBC person savings account then it will cost you $1.00.

Business deposit account holders can send it in just $1.50.  

What if the recipient is not an Online Banking user?

If the recipient is not having an account in online banking any financial institutions still receive the funds. RBC’s online banking system does not charge any service fee for Interac e-Transfer.

However, if the recipient does not perform online banking, an additional service fee may be charged for registration and providing account information in order to receive the funds within 3 to 5 working days.

Final Thoughts

WikiAns, hope that you have got the answer to how do I cancel e transfer RBC. However, if you have any queries in your mind then write them in the comment section below.

Expert and experienced people will provide you best solutions. You can also write your reviews related to RBC in the blank space below.

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