With an online bank account

• 1). Contact you bank or visit their website to confirm that they offer online money transfers. Many Canadian banks with online services do.
  
  
• 2). Log in to your online bank account. Verify that the funds you wish to transfer are in your account.
  
  
• 3). Contact the person or institution you will be sending the money to. You will need some sort of identification for the recipient. An established Canadian bank, TD Canada Trust, for instance, can use the recipient's email address to transfer money.
  
  
• 4). Navigate to your bank's online banking portal and click on "Make a Transfer" or similar button. Fill out the form, which may include the recipient's identification information, the amount you wish to transfer, and the account from which you wish to withdraw this amount. Verify and then submit the form. You may be required to come up with a security question and share the answer with the recipient.
  
  
• 5). Contact the recipient via e-mail, phone or your preferred method of communication to verify that they received the transfer. Most direct bank-to-bank online transfers take 24 hours or less.
  
  

Without an online bank account

• 1). Choose a financial institution that provides online money transfers, such as PayPal, Western Union or Xoom.
  
  
• 2). Visit the website of the financial institution to perform the money transfer. Verify any fees associated with transferring money online. Canadian fees will differ from U.S. fees, and there are usually varying fees for different levels of service.
  
  
• 3). Contact your bank to ensure that the funds you wish to transfer are in your account.
  
  
• 4). Contact the recipient for his online bank information or other identification.
  
  
• 5). Click through the online transfer process at the financial institution's website. You may have to enter your bank account information, name, address, telephone number and other secure information.