E-Transfer Limits by Bank (Personal Accounts)
| Bank |
Per Transaction |
Daily Limit |
Weekly Limit |
Monthly Limit |
| TD Bank |
$3,000 |
$10,000 |
$20,000 |
— |
| RBC |
$3,500 |
$10,000 |
$20,000 |
— |
| BMO |
$3,000 |
$10,000 |
$20,000 |
— |
| Scotiabank |
$3,000 |
$10,000 |
$20,000 |
— |
| CIBC |
$3,000 |
$10,000 |
— |
$40,000 |
| National Bank |
$3,000 |
$10,000 |
— |
— |
| Tangerine |
$3,000 |
$10,000 |
$20,000 |
— |
| Simplii |
$3,000 |
$10,000 |
$20,000 |
— |
| EQ Bank |
$3,000 |
$10,000 |
— |
$20,000 |
| Wealthsimple Cash |
$5,000 |
$10,000 |
— |
— |
| Neo Financial |
$3,000 |
$10,000 |
— |
— |
Limits may vary by account type and may change. Verify with your bank.
E-Transfer Receiving Limits
| Bank |
Daily Receiving |
Notes |
| TD Bank |
$25,000 |
With Autodeposit |
| RBC |
$25,000 |
With Autodeposit |
| BMO |
$25,000 |
With Autodeposit |
| Scotiabank |
$25,000 |
With Autodeposit |
| CIBC |
$25,000 |
With Autodeposit |
| EQ Bank |
$25,000 |
With Autodeposit |
Per transfer receiving maximum: $25,000 (Interac network limit)
Interac Network Maximums
| Limit Type |
Maximum |
| Interac maximum per transfer |
$25,000 |
| Most bank default limits |
$3,000-10,000 |
| Business accounts |
Up to $25,000 |
How to Increase Your E-Transfer Limit
Online (Some Banks)
| Step |
Action |
| 1 |
Log in to online banking |
| 2 |
Navigate to Interac e-Transfer settings |
| 3 |
Look for “Manage limits” or similar |
| 4 |
Request increase |
| 5 |
May require security verification |
By Phone
| Step |
Action |
| 1 |
Call your bank’s customer service |
| 2 |
Request limit increase |
| 3 |
Verify your identity |
| 4 |
May take effect immediately |
Factors Affecting Limits
| Factor |
Impact |
| Account history |
Longer history = higher limits |
| Account type |
Premium accounts often have higher limits |
| Autodeposit enabled |
May qualify for higher receiving |
| Security features |
2FA can unlock higher limits |
| Business account |
Higher limits available |
Business E-Transfer Limits
| Bank |
Business Per Transaction |
Business Daily |
| TD Bank |
$10,000 |
$25,000 |
| RBC |
$10,000 |
$25,000 |
| BMO |
$10,000 |
$25,000 |
| Scotiabank |
$10,000 |
$25,000 |
| CIBC |
$10,000 |
$25,000 |
Business limits vary by account type and may be negotiable.
E-Transfer Fees
| Bank |
Personal |
Business |
| TD Bank |
Free |
Free or $1.00 |
| RBC |
Free |
Varies |
| BMO |
Free |
Varies |
| Scotiabank |
Free |
Varies |
| CIBC |
Free |
Varies |
| Tangerine |
Free |
N/A |
| Simplii |
Free |
N/A |
| EQ Bank |
Free |
N/A |
Autodeposit Benefits
What Is Autodeposit?
| Feature |
Details |
| Definition |
E-Transfers deposit automatically |
| Security question |
Not required |
| Registration |
Register email/phone with bank |
| Benefit |
More secure, higher receiving limits |
Setting Up Autodeposit
| Step |
Action |
| 1 |
Log in to online banking |
| 2 |
Go to Interac e-Transfer settings |
| 3 |
Select Autodeposit |
| 4 |
Register email address |
| 5 |
Verify with confirmation email |
Alternatives for Large Transfers
If E-Transfer Limit Is Too Low
| Method |
Best For |
Fees |
| Wire transfer |
Large amounts, international |
$15-50+ |
| Bank draft |
Large purchases, certainty |
$7-15 |
| Bill payment |
Known payees |
Free |
| EFT/Direct deposit |
Recurring payments |
Free |
| Multiple e-Transfers |
Split over days |
Free |
Wire Transfer Comparison
| Feature |
E-Transfer |
Wire Transfer |
| Maximum |
$25,000 |
No limit |
| Speed |
Instant-30 minutes |
Same day-2 days |
| Cost |
Free |
$15-50+ |
| Reversibility |
Can be recalled (if not deposited) |
Generally irreversible |
Security Tips
Sent E-Transfer
| Do |
Don’t |
| Use Autodeposit when possible |
Send to unknown recipients |
| Use strong security questions |
Use guessable answers |
| Confirm recipient info |
Send without verifying |
| Keep confirmation |
Delete records |
Received E-Transfer
| Do |
Don’t |
| Enable Autodeposit |
Share security answer insecurely |
| Verify sender if unexpected |
Accept from unknown senders |
| Deposit promptly |
Leave pending indefinitely |
Troubleshooting
Common Issues
| Problem |
Solution |
| Limit reached |
Wait until limit resets (daily/weekly) |
| E-Transfer pending |
Check spam folder, contact bank |
| Security question wrong |
Ask sender for correct answer |
| Recipient can’t deposit |
Verify email address/phone |
| E-Transfer expired |
30 days — sender must resend |
If You Need Higher Limits Today
| Option |
Action |
| Split into multiple transfers |
Over several days |
| Use wire transfer |
For urgent large amounts |
| Bank draft |
If payee accepts |
| Call bank |
Request emergency increase |