Once your Beacon Money account is created, you can receive Interac e-Transfers directly from any Canadian bank. Your account includes Autodeposit, which means the money is deposited automatically without needing to answer a security question.
To find your e-Transfer Autodeposit details:
Open the My Beacon app
From the home screen, tap Request Money
OR
Tap Add Money
Select Interac e-Transfer Autodeposit
Your Beacon account will generate a unique email address that is linked to your Autodeposit.
You can share this email address with anyone sending you money through Interac e-Transfer from their Canadian bank. Once the transfer is sent, the funds will be deposited automatically into your Canadian money account.
Processing times depend on the sender’s bank, but most e-Transfers arrive within minutes.
If you need help locating your Autodeposit details, contact [email protected] or reach out through the in-app chat.