Interac Transfer Loan: Same-Day Funds, Including Weekends

Interac e-Transfer loans have become the fastest way to get emergency cash in Quebec: no checks, no trips to the bank—the funds go straight into your account, even on Saturdays or Sundays. Here’s how an Interac e-Transfer loan works, and what turnaround times you can actually expect.

How an Interac e-Transfer loan works

Once your application is approved, the lender sends the funds via Interac e-Transfer to the bank account you provided. At Predigo, an application approved before 4 p.m. is deposited the same day—including weekends. It’s the same Interac network you already use to send money to your loved ones.

Processing Times, in Practice

• Online application: about 2 minutes, with no paperwork required thanks to Instant Bank Verification (IBV);
• Response: within minutes, up to 1 business day at most;
• Deposit: within 24 business hours—or instantly via express deposit (12 fee). Approved before 4 p.m.: same day, including weekends.

Details on payment amounts based on the loan amount can be found on our Rates, Fees, and Transparency page.

Is a loan via Interac e-Transfer safe?

Yes. The transfer goes from the lender’s account to yours: you don’t have to share any passwords, and the lender never has access to your account. To verify your identity and income, the application uses VBI, a read-only connection. To fully understand your rights as a borrower, visit the Quebec Consumer Protection Office.

The 3 steps of an Interac e-Transfer loan

1. Fill out the online application (amount from $300 to $1,000, repayment frequency);
2. Get a response in minutes, with no credit check;
3. Receive the Interac e-Transfer—the same day if the application is approved before 4 p.m.

The complete process is described on the “How It Works” page.

Frequently Asked Questions

Do Interac transfers work on weekends?

Yes. A request approved before 4 p.m. is deposited the same day, including Saturdays and Sundays.

Do I have to accept the transfer manually?

If your account has automatic Interac deposits enabled, the funds will be deposited automatically; otherwise, you’ll need to answer the security question, just as you would for any transfer.

What if my bank is a small regional credit union?

Interac covers virtually all Canadian financial institutions, including Desjardins credit unions.

Ready to receive your transfer?

Get an Interac money transfer loan from $300 to $1,000, with no credit check. Apply online or check the FAQ for processing times.