These include personal deposit account holders along with the big five banksDesjardinsTangerineNational BankPresident's Abundance Financialand many credit unions and erstwhile institutions,  as well as a few small-business account holders.
The funds are debited instantly, usually designed for a surcharge. However, like any online banking mode of payment, e-Transfers are vulnerable to phishing. And btw - that's how many money services accomplish their money - use the customers money for free to charge activity to someone else - it's the sheer volume of transactions each day that makes that work. The correspondent opens an online banking session after that chooses the recipient, the amount en route for send, as well as a collateral question and answer.