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Simple Steps on How to Cancel E Transfer RBC

by | Nov 19, 2023 | How To

Are you wondering how to cancel an e-transfer at RBC? Whether you made a mistake or simply changed your mind, cancelling an e-transfer is a straightforward process. In this guide, we will walk you through the simple steps to cancel an e-transfer on RBC’s online banking portal and mobile app. Plus, we’ll provide you with essential information on reclaiming funds, cancellation fees, and more. So, let’s dive in and learn how to cancel an e-transfer on RBC.

Key Takeaways:

  • Cancelling an e-transfer at RBC is possible through online banking or the mobile app.
  • You can cancel an e-transfer as long as the recipient has not accepted the funds.
  • If the recipient has auto-deposit set up, you’ll need to arrange a refund through another method.
  • Cancelled funds are immediately re-deposited into your bank account.
  • There is no cancellation fee, but an additional fee applies if the e-transfer expires and you reclaim the funds after the expiry date.

How to Cancel an E-Transfer on RBC Online Banking

If you need to cancel an e-transfer on RBC’s online banking platform, you can easily do so by following a few simple steps. Whether you made a mistake in the recipient’s information or simply changed your mind about the transfer, RBC provides a user-friendly interface for managing your e-transfers. Here’s how you can cancel an e-transfer on RBC Online Banking:

  1. Log in to your RBC account and navigate to the Accounts Summary page.
  2. Select the Payment History option to view your recent transactions.
  3. Locate the e-transfer you wish to cancel and click on it to open its details.
  4. Within the e-transfer details, you will find the option to Cancel Payment. Click on this option to proceed.
  5. Follow the instructions on the screen to confirm and complete the cancellation process.

By following these steps, you can easily cancel an e-transfer on RBC’s online banking platform and avoid any unnecessary complications. It’s important to note that the cancellation can only be done if the recipient has not yet accepted the funds. If the recipient has already accepted the funds or has auto-deposit set up, you will need to contact them directly to arrange a refund through an alternative method.

Step Description
1 Log in to your RBC account
2 Navigate to the Accounts Summary page
3 Select Payment History
4 Locate the e-transfer you wish to cancel
5 Click on the e-transfer to open its details
6 Click on Cancel Payment
7 Follow the on-screen instructions to complete the cancellation

With RBC’s online banking platform, cancelling an e-transfer is a straightforward process that can be done in just a few clicks. However, it’s essential to double-check the recipient’s information before sending an e-transfer to avoid the need for cancellation. By taking a moment to review the details, you can ensure a smooth and hassle-free banking experience.

cancel an e transfer rbc

How to Cancel an E-Transfer on RBC Mobile App

If you need to cancel an e-transfer on RBC’s mobile app, you can easily do so by following these simple steps. Open the RBC Mobile app on your phone or mobile device and log in to your account. Once you’re logged in, navigate to the Navigation Bar and select the Move Money option. From there, choose the Send Interac e-Transfer option. Now, click on the History tab to view your e-transfer transactions. Locate the e-transfer that you wish to cancel and select Cancel Transfer. Follow the instructions provided on the screen to complete the cancellation process.

Cancelling an e-transfer on RBC’s mobile app is a convenient way to take control of your transactions. Whether you made an error in the recipient’s information or simply changed your mind about sending the funds, the mobile app provides a user-friendly interface for cancelling e-transfers on the go. Make sure to double-check all the details before initiating the cancellation process to ensure a smooth experience.

By using the RBC Mobile app, you have the flexibility to manage your e-transfer transactions anytime and anywhere. Take advantage of this convenient feature to cancel e-transfers with ease and confidence. Keep in mind that the cancellation can only be done if the recipient has not yet accepted the funds. If the transfer has already been processed, you will need to contact the recipient to arrange a refund through an alternative method.

Pros Cons
– Easy and convenient cancellation process – Cancellation only possible if the recipient has not accepted the funds
– User-friendly interface – Refund arrangements required if the transfer has been processed
– Accessible anytime and anywhere

cancel e transfer on RBC mobile app

Reclaiming Funds from a Cancelled E-Transfer

Once you have successfully cancelled an e-transfer from your RBC account, the funds will be re-deposited into your bank balance immediately. If the e-transfer was funded by RBC Avion Points, the money will be re-deposited into your Avion Rewards account after 30 days. If the e-transfer has not been accepted by the recipient and has expired, you have 15 additional days to deposit the funds back into your account manually.

To summarize:

  • If the e-transfer is cancelled before it is accepted, the funds will be returned to your bank balance immediately.
  • If the e-transfer was funded by RBC Avion Points, the money will be re-deposited into your Avion Rewards account after 30 days.
  • If the e-transfer has expired without being accepted by the recipient, you have 15 additional days to manually deposit the funds back into your account.

It’s important to note that if the recipient has already accepted the e-transfer or has auto-deposit set up, you will need to arrange a refund with them through another method, as cancelling the e-transfer will not retrieve the funds from their account automatically.

“Cancelling an e-transfer at RBC is a simple process, but it is important to note that you can only cancel the transfer if the recipient has not yet accepted the funds or if they do not have auto-deposit set up.”

reclaiming funds from an e transfer rbc

Scenario Funds Re-Deposited
E-transfer cancelled before acceptance Immediately into bank balance
E-transfer funded by RBC Avion Points After 30 days into Avion Rewards account
E-transfer expired without acceptance Manually within 15 days

Is there a Fee for Cancelling an RBC E-Transfer?

When it comes to cancelling an e-transfer at RBC, you may be wondering if there is a fee associated with the process. The good news is that currently, there is no cancellation fee for cancelling an RBC e-transfer, as long as you initiate the cancellation before the 15-day expiration date. This means that if you realize you need to cancel the transfer shortly after initiating it, you can do so without incurring any additional charges.

However, it’s important to note that if you wait until after the 15-day expiration date to reclaim your funds, a $5.00 reclaim fee will be applied. This fee serves as a penalty for not reclaiming the funds within the designated timeframe. Therefore, it’s essential to be proactive and act promptly if you need to cancel an e-transfer on RBC to avoid any unnecessary fees.

By being aware of the time constraints and taking action within the specified window, you can cancel RBC e-transfers without any fees. This flexibility allows you the peace of mind of knowing that if plans change or mistakes are made, you have the ability to cancel the transfer without incurring additional costs.

Cancellation Timeframe Fee
Before 15-day expiration date No fee
After 15-day expiration date $5.00 reclaim fee

How Long Does it Take to Cancel an RBC E-Transfer?

When it comes to cancelling an RBC e-transfer, the process is generally quick and efficient. Once you initiate the cancellation, the funds will be re-deposited into your personal bank account immediately. However, it’s important to note that there may be slight variations in the time it takes for the funds to appear in your account depending on a few factors.

If the funds do not appear right away, try refreshing your internet connection and checking your transaction history again. In most cases, the cancellation process is completed within minutes, but occasionally, it may take a bit longer due to technical or network issues. If the issue persists and you are unable to see the canceled transfer in your account, it’s recommended to contact RBC’s customer service for further assistance and clarification.

Overall, while cancellations are generally processed quickly, it’s always a good idea to double-check your account to ensure that the funds have been successfully returned.

Factors Affecting Cancellation Time Approximate Time
Smooth cancellation process Within minutes
Technical or network issues Slightly longer than usual
Ongoing issues or delays Contact RBC customer service

Please note that the table above provides approximate timeframes and should be used as a general guideline only.

how long does it take to cancel an rbc e transfer

Can I Cancel E-Transfers on RBC with Auto-Deposit?

If you have sent an e-transfer through RBC and the recipient has auto-deposit set up, unfortunately, you cannot cancel the transfer. The funds will be immediately deposited into the recipient’s account as soon as the transfer is completed.

In this case, if you need to reclaim the funds, your best option is to contact the recipient directly and arrange for a refund through another method, such as a manual transfer or a different payment platform.

It’s important to note that once the e-transfer is sent with auto-deposit, there is no way to cancel it through RBC’s online banking portal or mobile app. Therefore, it’s essential to double-check the recipient’s details and ensure they do not have auto-deposit enabled before sending the transfer.

Keep in mind that recipients may choose to enable or disable auto-deposit at their discretion, so it’s always a good idea to communicate with the recipient about their preferred method of receiving funds.

Pros Cons
Convenient for recipients who prefer automatic deposit Unable to cancel the transfer if the recipient has auto-deposit enabled
Immediate availability of funds for the recipient May require additional communication and arrangements for refund
Reduces the hassle of manual deposit for recipients Important to double-check recipient’s details before sending the transfer

How to Remove an E-Transfer Contact on RBC

Managing your e-transfer contacts on RBC is a simple process that allows you to keep your list organized and up to date. If you no longer need a contact or wish to remove them from your RBC account, follow the steps below:

  1. Open the RBC Mobile app on your phone or mobile device.
  2. Select the Move Money option from the Navigation Bar.
  3. Go to the Contacts tab and locate the name of the contact you want to remove.
  4. Click on the Edit button next to the contact’s name.
  5. Choose Remove Contact to delete the contact from your list.

If you accidentally remove a contact and need to add them back, simply select the Add Contact option and enter their information again.

By regularly reviewing and managing your e-transfer contacts, you can ensure that your list remains updated and clutter-free, making it easier for you to send and receive e-transfers securely.

How to Remove an E-Transfer Contact on RBC

Summary

Removing an e-transfer contact on RBC is a straightforward process. Open the RBC Mobile app, go to the Move Money section, select the Contacts tab, and choose the contact you want to remove. Click on Edit and then Remove Contact. If you accidentally delete a contact, you can easily add them back by selecting Add Contact. By keeping your e-transfer contacts updated, you can efficiently manage your list and ensure seamless transactions.

Benefits of Managing E-Transfer Contacts on RBC How to Remove an E-Transfer Contact on RBC
1. Organized contact list 1. Open the RBC Mobile app
2. Time-saving when sending e-transfers 2. Select the Move Money option
3. Enhanced security by removing outdated contacts 3. Go to the Contacts tab
4. Streamlined user experience 4. Locate the contact to remove
5. Easy re-addition of accidentally deleted contacts 5. Click on Edit and choose Remove Contact

Can I Edit and Resend an E-Transfer on RBC?

If you need to make changes to an e-transfer you sent through RBC, you’re in luck. RBC allows you to edit and resend e-transfers, giving you the flexibility to correct any mistakes or update recipient information. Whether you need to modify the recipient’s email address, phone number, or security question, RBC makes it easy to make these changes. However, it’s important to note that if you need to change the transfer amount or originating account, you will have to cancel the existing transfer and create a new one.

Editing and resending an e-transfer on RBC is a straightforward process. To get started, simply log in to your RBC online banking account and navigate to the Payment History section. Locate the transfer you want to edit and click on the “Edit & Resend” option. From there, you can make the necessary changes to the recipient’s information. Once you’ve made the edits, review the details to ensure they are accurate, and then proceed to resend the e-transfer.

It’s important to keep in mind that editing and resending an e-transfer on RBC is a convenient feature, but it should be used sparingly. Double-check all the information before hitting the send button to minimize the need for edits and resends. By ensuring accuracy in the initial transfer, you can save yourself time and effort in making subsequent changes.

In summary, RBC offers the convenience of editing and resending e-transfers. Whether you need to update recipient information or correct any errors, you can easily make changes to the e-transfer you sent on RBC’s online banking platform. Just remember that if you need to modify the transfer amount or originating account, you’ll have to cancel the existing transfer and create a new one. Take advantage of this feature, but strive for accuracy in your initial transfer to minimize the need for edits and resends.

How to Edit or Delete E-Transfer Contacts in RBC

If you need to edit or delete an e-transfer contact in RBC, you can easily do so through your online banking account or the mobile app. Follow the steps below to manage your e-transfer contacts:

Edit or Delete E-Transfer Contacts on RBC Online Banking

1. Log in to your RBC online banking account.

2. Click on “Payment History” in the main menu.

3. On the left-hand side, select “Manage Payees”.

4. Locate the contact you wish to edit or delete and click on it.

5. To edit the contact’s information, click on the “Edit” button and make the necessary changes.

6. To delete the contact, click on the “Delete” button.

7. Confirm your decision if prompted.

Edit or Delete E-Transfer Contacts on RBC Mobile App

1. Open the RBC Mobile app on your device.

2. Go to the “More” tab.

3. Select “Settings”.

4. Choose “Manage Payees”.

5. Find the contact you want to edit or delete and tap on it.

6. To edit the contact’s information, tap on “Edit” and update the necessary details.

7. To delete the contact, tap on “Delete”.

8. Confirm your action if prompted.

By following these simple steps, you can conveniently edit or delete e-transfer contacts on RBC Online Banking or the RBC Mobile App. Keep your contact list up-to-date and organized for hassle-free e-transfers.

Can I Cancel Interac E-Transfers on RBC Business Accounts?

If you’re wondering whether you can cancel Interac e-transfers on your RBC business accounts, the answer is yes. The process for cancelling e-transfers on business accounts is the same as for personal accounts.

To cancel an e-transfer on your RBC business account, simply log in to your online banking account using your business credentials. Once logged in, follow the same steps mentioned in the previous sections for cancelling e-transfers on personal accounts.

By cancelling an e-transfer, you can ensure that the funds are not sent to the intended recipient. This can be useful in cases where there is a mistake in the recipient’s information or if you need to resend the e-transfer with updated details. However, it’s important to note that cancellation is only possible if the recipient has not yet accepted the funds. If the recipient has already accepted the funds or has auto-deposit set up, you will need to contact them directly to arrange a refund.

Overall, cancelling an e-transfer on your RBC business account is a straightforward process that can be done through your online banking portal. It provides you with the flexibility to make changes or correct any errors before the funds are transferred.

Conclusion

Cancelling an e-transfer at RBC is a straightforward process that can be done through RBC’s online banking portal or the mobile app. It is important to note that you can only cancel the transfer if the recipient has not yet accepted the funds or if they do not have auto-deposit set up. To cancel an e-transfer on RBC’s online banking platform, simply log in to your account, go to the Accounts Summary page, select Payment History, locate the e-transfer, and click on Cancel Payment.

If you prefer to cancel an e-transfer on RBC’s mobile app, open the app, log in to your account, select the Move Money option from the Navigation Bar, choose the Send Interac e-Transfer option, click on the History tab, locate the e-transfer, and select Cancel Transfer. It’s that simple!

Remember to always double-check the recipient’s information before sending an e-transfer to avoid the need for cancellation. If the transfer has expired, you have 15 days to reclaim the funds. There is no cancellation fee for cancelling an e-transfer, but a $5 reclaim fee applies if you wait after the expiry date. So act promptly if you need to cancel an e-transfer at RBC and ensure a smooth financial transaction experience.

FAQ

How do I cancel an e-transfer on RBC Online Banking?

To cancel an e-transfer on RBC’s online banking platform, log in to your account and go to the Accounts Summary page. From there, select the Payment History option and locate the e-transfer you want to cancel. Click on it and select Cancel Payment. Follow the instructions on the screen to complete the cancellation.

How do I cancel an e-transfer on RBC Mobile App?

To cancel an e-transfer on RBC’s mobile app, open the app on your phone or mobile device and log in to your account. From the Navigation Bar, select the Move Money option and then choose the Send Interac e-Transfer option. Click on the History tab and locate the e-transfer you wish to cancel. Select Cancel Transfer and follow the instructions to complete the cancellation.

How long does it take to cancel an RBC e-transfer?

Once you have successfully cancelled an e-transfer from your RBC account, the funds will be re-deposited into your bank balance immediately. If the e-transfer was funded by RBC Avion Points, the money will be re-deposited into your Avion Rewards account after 30 days. If the e-transfer has not been accepted by the recipient and has expired, you have 15 additional days to deposit the funds back into your account manually.

Is there a fee for cancelling an RBC e-transfer?

Currently, there is no cancellation fee for cancelling an RBC e-transfer as long as it is done before the 15-day expiration date. However, if you wait after the expiry date to reclaim the funds, a $5.00 reclaim fee will be applied.

Can I cancel e-transfers on RBC if the recipient has auto-deposit set up?

Unfortunately, you cannot cancel an e-transfer on RBC if the recipient has auto-deposit set up on their account. The funds will be immediately deposited into their account upon completing the transfer.

How do I remove an e-transfer contact on RBC?

If you no longer need or wish to remove an e-transfer contact from your RBC account, you can do so by opening the RBC Mobile app and selecting the Move Money option. From there, go to the Contacts tab and select the name of the person you want to remove. Click on the Edit button and choose Remove Contact.

Can I edit and resend an e-transfer on RBC?

If you need to make changes to an e-transfer you sent through RBC, you can do so by selecting the transfer in the Payment History and clicking on Edit & Resend. You can modify the recipient’s email address, phone number, or security question.

How do I edit or delete e-transfer contacts in RBC?

To edit or delete an e-transfer contact in RBC, sign in to your online banking account and click on Payment History. On the left-hand side, select Manage Payees and choose the contact you want to edit or delete.

Can I cancel Interac e-transfers on RBC business accounts?

Yes, you can cancel Interac e-transfers on RBC business accounts using the same steps as for personal accounts. Simply log in to your online banking account and follow the instructions to cancel an e-transfer.