TD Canada Trust has rolled out two-factor authentication for Interac e-transfers, marking a significant security enhancement for the banking platform.

TD Canada Trust has rolled out two-factor authentication for Interac e-transfers, marking a significant security enhancement for the banking platform. Users are now required to verify transfers via phone call or text message, adding an extra layer of protection against unauthorized transactions. The implementation appears to be rolling out to customers, with one user reporting the new requirement when sending a thousand-dollar transfer to a linked account. While the exact trigger for the 2FA prompt remains unclear, it may be connected to recent account activity or deposit amounts. The security measure comes as financial institutions increasingly prioritize fraud prevention. Transfer speeds remain unaffected, with transactions still completing within seconds to minutes as usual.