How Long Can You Cancel an E-Transfer? Key Time Limits Explained
Learn how long you have to cancel an e-transfer and the steps needed for cancellation.
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E-transfers can typically be canceled within 30 minutes to 24 hours unless the recipient has already accepted it. Log into your online banking, access the 'Transfers' section, and look for the pending e-transfer to cancel.
FAQs & Answers
- How do I cancel an e-transfer? To cancel an e-transfer, log into your online banking account, navigate to the 'Transfers' section, and locate the pending e-transfer. If it's within the cancellation timeframe, you can cancel it from there.
- What happens if I miss the time frame to cancel an e-transfer? If you miss the timeframe to cancel an e-transfer and the recipient has accepted it, the transfer cannot be reversed. You would need to ask the recipient for a refund.
- Can I cancel an e-transfer after the recipient has accepted it? No, once the recipient has accepted the e-transfer, it cannot be canceled. You will need to request the funds to be sent back to you directly from the recipient.
- Is there a fee for canceling an e-transfer? Typically, there is no fee for canceling an e-transfer if done within the allowed time. However, it's best to check with your bank for specific policies regarding e-transfer cancellations.