What is the CIBC Interac e-Transfer limit?

CIBC's standard Interac e-Transfer limits are $3,000 per transaction, $10,000 per day, and $30,000 per month for personal accounts. Business accounts have higher limits. These limits apply to outgoing e-Transfers. There is no formal limit on incoming e-Transfers you receive.

Are Interac e-Transfers free with CIBC?

CIBC's e-Transfer fee is $1.50 (waived on CIBC Smart Accounts, Everyday Chequing Accounts, and several other named account types -- see full list in source PDF) — waived on both the CIBC Smart Account and the CIBC Everyday Chequing Account. On Everyday Chequing, an e-Transfer still counts toward the account's 18-transaction monthly allowance, so the general $1.25 per-transaction overage fee can still apply once that allowance is exceeded, even though there's no separate dedicated e-Transfer charge. Simplii Financial (CIBC's no-fee brand) includes unlimited free e-Transfers.

Can I send more than $3,000 via e-Transfer at CIBC?

You cannot send more than $3,000 in a single Interac e-Transfer — this is a system-wide Interac cap, not a CIBC policy. To send a larger amount, split across multiple transfers (subject to daily and monthly limits) or arrange a wire transfer at a CIBC branch (or use CIBC Global Money Transfer for larger international transfers) for bigger single transactions. The CIBC daily limit of $10,000 allows up to three $3,000 transfers plus one additional partial transfer in a single day.

How long does a CIBC e-Transfer take?

Most CIBC e-Transfers arrive within a few minutes when Autodeposit is enabled by the recipient. If the recipient has not set up Autodeposit, they receive a notification email or text and must log in to their own bank to accept — this typically takes a few minutes once actioned. Transfers between different financial institutions (e.g., CIBC to TD) are processed through the Interac network at the same speed.

Does CIBC offer Autodeposit for e-Transfers?

Yes. CIBC supports Interac Autodeposit, which allows incoming e-Transfers to be deposited automatically without the recipient needing to log in and accept. Set up Autodeposit in CIBC Online Banking under the Interac e-Transfer settings. Once enabled, senders can send to your registered email or phone number and the money deposits directly — no security question required.

What is the e-Transfer limit for Simplii Financial?

Simplii Financial, which is a division of CIBC, has its own published Interac e-Transfer sending limits, separate from CIBC's: $3,000 per rolling 24-hour period, $10,000 per rolling 7-day period, and $30,000 per rolling 30-day period. Unlike CIBC Everyday Chequing, Simplii includes unlimited free e-Transfers with no monthly fee — making it the better choice for frequent senders who also want CIBC ATM access.

CIBC Interac e-Transfer Limit 2026 | Send & Receive Limits

CIBC’s standard Interac e-Transfer limits are $3,000 per transaction, $10,000 per day, and $30,000 per month for personal chequing accounts. These limits are set in part by the Interac network itself — the $3,000 per-transaction cap is a network-wide ceiling that applies at every Canadian financial institution, not only CIBC.

CIBC’s e-Transfer fee is $1.50 (waived on CIBC Smart Accounts, Everyday Chequing Accounts, and several other named account types – see full list in source PDF) — waived on both the Smart Account and the Everyday Chequing Account ($4.00/month flat, 18-transaction limit). On Everyday Chequing, each e-Transfer still counts toward the monthly transaction allowance — a factor worth considering for frequent senders on the entry-level tier.

CIBC e-Transfer Limits at a Glance

Limit	Amount	Notes
Per transaction (send)	$3,000	Interac network maximum — applies at all banks
Daily send limit	$10,000	Resets midnight ET
Monthly send limit	$30,000	Rolls on calendar month
Receive limit	No formal cap	Receiving has no set maximum
Request Money limit	$3,000 per request	Same cap applies

e-Transfer Fees by Account

Whether e-Transfers cost money depends on your specific CIBC account tier.

Account	Monthly Fee	e-Transfer Cost
CIBC Everyday Chequing Account	$4.00	Fee waived; still counts toward the 18-transaction limit, $1.25 each after
CIBC Smart Account	$16.95	Fee waived; unlimited transactions
Simplii Financial	$0	Included free (unlimited)

For clients on the Everyday Chequing account who send more than 18 transactions per month (combining e-Transfers, bill payments, and other debit transactions), the per-transaction overage cost of $1.25 adds up. A client sending 20 e-Transfers per month on Everyday Chequing pays $4.00 + $2.50 in excess fees ($6.50 total) — less than the Smart Account at $16.95, though frequent senders may still prefer the unlimited Smart Account for simplicity.

The math typically favours upgrading to Smart Account (or switching to Simplii Financial, which has no monthly fee and unlimited e-Transfers) for anyone sending more than a handful of transfers per month.

Sending Large Amounts: e-Transfer vs. Wire Transfer

When you need to move more than $3,000 in a single transaction, Interac e-Transfer is not the right tool.

Method	Max Single Transaction	Speed	Fee
Interac e-Transfer	$3,000	Minutes	$1.50 (waived on CIBC Smart Accounts, Everyday Chequing Accounts, and several other named account types – see full list in source PDF)
CIBC Global Money Transfer (international only, online/app)	Up to $75,000 per 24-hour period	Typically 1–3 business days	$0 CIBC transfer fee (FX margin applies)
CIBC wire transfer (branch only — not self-serve online for personal clients)	Varies; branch-negotiated	Typically 1–3 business days	$30.00 ($10,000 or less), $50.00 ($10,000.01-$50,000), $80.00 (over $50,000)

For a full breakdown of wire transfer limits and fees, see the CIBC wire transfer guide.

How to Send a CIBC e-Transfer

Log in to CIBC Online Banking or the CIBC mobile app
Navigate to Interac e-Transfer → Send Money
Select the account to send from
Enter the recipient’s email address or mobile number
Enter the amount (up to $3,000) and an optional message
Set a security question and answer (unless the recipient has Autodeposit enabled)
Confirm and submit

The recipient receives an email or text notification. If they have Autodeposit enabled, the funds deposit automatically. Otherwise, they log in to their own bank, enter the security answer, and deposit the funds.

Autodeposit Setup

Autodeposit eliminates the security question step for incoming e-Transfers, making deposits faster and reducing the risk of interception if a security question answer is guessed. To set up Autodeposit:

Log in to CIBC Online Banking
Go to Interac e-Transfer → Autodeposit
Register your email address or mobile phone number
Choose which CIBC account receives auto-deposited transfers
Confirm the registration via the verification email sent to you

Once set up, anyone sending you an e-Transfer to your registered contact information will have the funds auto-deposited — no security question, no manual acceptance.