Interac e-Transfer limits vary across banks and credit unions in Canada.
Customers of the same bank may also have different e-Transfer limits depending on the type of account they have (personal or business) or whether they have requested an increase.
Not only that, but e-Transfer limits also vary depending on the type of transaction you are conducting, i.e. sending, requesting, or receiving money.
For instance, if your transfer limit is $2,500, but someone sends you $3,500, it will be deposited in your bank account.
Read on to learn about the Interac e-Transfer limits for RBC, TD, Scotiabank, BMO, CIBC, and several others.
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What is Interac e-Transfer?
Interac e-Transfer is a secure and fast way to send money to recipients in Canada using your online banking.
Instead of writing a cheque each time you want to pay someone or going to the ATM to withdraw cash, you can seamlessly send them funds using their email or phone number.
As long as your recipient has a Canadian bank account, they can receive e-Transfer funds instantly or within minutes.
You can also use this service to request funds and get paid.
What is the Maximum e-Transfer Limit?
The maximum e-Transfer you can send or receive depends on your bank or financial institution.
Often, it is the same limit as what you have on your client card or debit card.
There are maximum limits for daily (24 hours), 7 days, and every 30 days.
RBC e-Transfer Limit
The e-Transfer limit for RBC accounts is based on the daily access limit for your client card.
You can find out what this is when you:
- Sign in to Online Banking
- Select “Daily Transaction Limit” under “Account Management”
You can temporarily edit the limits for ATM withdrawals, purchases, and transfers on this page.
TD Interac e-Transfer Limit
The following limits apply when sending Interac e-Transfers with TD:
- Per transfer: $3,000
- 24 hours: $3,000
- 7 days: $10,000
- 30 days: $20,000
These are the standard limits for both TD personal and business clients.
Scotiabank e-Transfer Limit
If you are a Scotiabank customer, your daily Interac e-Transfer limit is available under “Profile and Settings.”
Simply tap “View transaction limits” to see the limit per transaction and periodic limits.
CIBC e-Transfer Limit
The maximum e-Transfer limits for CIBC are:
- 24-hour period: $3,000
- 7 days: $10,000
- 30 days: $30,000
There is no minimum amount.
When requesting money, there is a $1,000 limit, and you can have up to a maximum of 10 unfulfilled “Interac e-Transfer Request Money” transactions at any one time.
BMO e-Transfer Limit
Transfer limits on BMO are:
- 24 hours: $2,500 or $3,000, depending on your BMO Debit Card’s daily transaction limit
- 7 days: $10,000
- 30 days: $20,000
You can view your debit card limits under “Bank Accounts” in “My Account Summary.”
Simplii e-Transfer Limit
The minimum Interac e-Transfer you can send on Simplii Financial is $0.01.
Hourly and daily limits are:
- 24 hours: $3,000
- 7 days: $10,000
- 30 days: $30,000
National Bank e-Transfer Limit
The daily limit for transfers at National Bank is $3,000.
Businesses can send:
- $5,000 per day
- $25,000 per 7 days
There are nodaily, weekly, or monthly limits when receiving Interac e-Transfers to a business account.
The maximum amount per deposit is $25,000.
Tangerine e-Transfer Limit
Interac e-Transfer limits on Tangerine are:
| Interac e-Transfer | Sending | Receiving |
| Daily | $3,000 | $10,000 |
| 7 days | $10,000 | $70,000 |
| 30 days | $20,000 | $300,000 |
Desjardins e-Transfer Limit
Desjardins has one of the highest e-Transfer limits in Canada for personal banking at $5,000 per 24-hour period. You can also receive up to $25,000 per transfer.
For businesses, the 24-hour sending limit is $10,000.
Vancity e-Transfer Limit
Transfer limits at Vancity when sending money are:
- Per transfer: $3,000
- Daily (24 hours): $10,000
- 7 days: $10,000
- 30 days: $20,000
When receiving money, the limit is $25,000 per transfer, and the maximum amount you can request per transaction is $3,000.
For business banking, you can send:
- Per transfer: $6,000
- Daily: $20,000
- 7 days: $20,000
- 30 days: $40,000
The maximum amount when receiving an e-Transfer to a business account is $25,000.
Vancity has one of the highest e-Transfer limits on this list.
Alterna Bank e-Transfer Limit
For Alterna Bank, the sending limits are:
- Per transfer: $3,000
- 7 days: $10,000
- 30 days: $20,000
You can receive:
- Per transfer: $10,000
- 7 days: $70,000
- 30 days: $300,000
For Alterna Savings, these limits apply:
| Interac e-Transfer | Sending | Receiving |
| Per transfer | $3,000 | $25,000 |
| 24 hours | $3,000 | – |
| 7 days | $10,000 | – |
| 30 days | $20,000 | – |
Request Money transactions are limited to $3,000 per request, and you can have up to 50 outstanding requests.
Manulife e-Transfer Limit
The minimum e-Transfer you can send on Manulife is $10. The maximums are:
| Interac e-Transfer | Sending | Receiving |
| Per transfer | $3,000 | $10,000 |
| 24 hours | $3,000 | $10,000 |
| 7 days | $10,000 | $70,000 |
| 30 days | $20,000 | $300,000 |
ATB Financial e-Transfer Limit
Outgoing transfers are limited to:
- Per transfer: $5,000
- 24 hours: $5,000
- 7 days: $35,000
- 30 days: $150,000
The maximum Interac e-Transfer amount you can receive is $25,000.
Can I Increase My Interac e-Transfer Limit?
You may be able to increase how much you can send via Interac e-Transfer by increasing your daily debit limit.
Look for this option in your Online Banking account.
You could also call your bank or visit a branch to see what’s available.
Most banks appear to have a maximum e-Transfer limit of $3,000, while some credit unions and their online banking divisions have daily limits of up to $10,000.
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