Interac e-Transfer lets Canadian businesses and individuals transfer money between accounts. Participating banking institutions control how much you can e-transfer at once - and they apply e-transfer fees, too.
We’ll cover everything you need to know about Interac e-Transfer limits and fees.
We’ll also discuss Wise as a simple alternative to transfer your money within Canada - and even across the globe!
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What is the Interac e-Transfer limit?
Every bank sets its own Interac e-Transfer limit, and there are several limits to consider. Most Canadian dollar accounts are subject to daily, weekly, and monthly e-transfer limits. Businesses can send up to 25,000 CAD by Interac e-Transfer.¹ However, all limits depend on the individual account - and which banking institution or credit union you use.
E-transfer limits can also vary depending on whether you are sending, requesting, or receiving money. For example, RBC customers can send requests of 10,000 CAD, with the opportunity to have up to 25 active transfer requests at any one time.²
Many banks also offer greater limits for receiving money, compared to sending, like Tangerine Bank, which lets customers send up to 3000 CAD daily, but they can receive 10,000 CAD every day.³
E-transfer limits when sending money within Canada
Each bank offers different e-transfer limits within Canada. Find a list of personal and business account limits below.
| Bank Name | Personal Account Limits | Business Account Limits |
|---|---|---|
| RBC | RBC sets Interac e-Transfer limits based on your daily Visa debit card transaction limits | Per transaction: 25,000 CAD⁵ |
| CIBC | 24-hour limit: 3000 CAD 7-day limit: 10,000 CAD 30-day limit: 30,000 CAD⁶ | Per transaction: 25,000 CAD⁷ |
| TD Bank | 24-hour limit: 3000 CAD 7-day limit: 10,000 CAD 30-day limit: 20,000 CAD | 24-hour limit: 3000 CAD 7-day limit: 10,000 CAD 30-day limit: 20,000 CAD⁸ |
| Scotiabank | Scotiabank sets Interac e-Transfer limits on a user-by-user basis | Per transaction: 10,000 CAD⁹ |
| Bank of Montreal (BMO) | 24-hour limit: 2500-3000 CAD 7-day limit: 10,000 CAD 30-day limit: 20,000 CAD | 24-hour limit: 2500-3000 CAD 7-day limit: 10,000 CAD 30-day limit: 20,000 CAD¹⁰ |
| Tangerine | 24-hour limit: 3000 CAD 7-day limit: 10,000 CAD 30-day limit: 20,000 CAD | 24-hour limit: 3000 CAD 7-day limit: 10,000 CAD 30-day limit: 20,000 CAD¹¹ |
E-transfer limits when sending money abroad
You might be wondering how much you can e-transfer abroad. A few banks provide international e-transfers for personal and business accounts. There are limits to the transaction - and these are usually less compared to transferring money in Canada.
For example, RBC currently has a transaction limit of 2500 CAD when sending money abroad.⁴
NBC or the National Bank of Canada has a daily limit of 3000 CAD on outgoing Interac e-transfers which includes e-Transfers to other countries.²⁸
| 💡With Wise, you can send up to 25,000 CAD by Interac e-Transfer. |
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Send more and save more with Wise🚀
How to increase your e-transfer limit?
Most banks will deal with increases on an individual basis - and they often don’t disclose how to increase your Interac e-Transfer limit online. Speak to your banking provider as your first port of call. Here’s what you can do for the banks we’ve been talking about:
- RBC: On the online platform, choose Daily Transaction Limits and then Edit Limits. This modifies your limits for up to 60 days. To modify your limits permanently, call 1-800-769-2555 and speak to your RBC advisor.
- CIBC: 1-800-465-2422 is the number to call for help with banking, including an increase in your e-transfer limits.
- TD Bank: You can either call the bank using the TD app or contact them via the EasyWeb Messaging feature from your desktop.
- Scotiabank: You can either visit your nearest branch or call the following number: 1-800-472-6842.
- BMO: By speaking with your account manager, you can enjoy e-Transfer limits which meet your requirements.
- Tangerine: You can increase your daily limit by logging in on the platform, selecting the chequing account option and then the edit option. This increase is effective for the next 24 hours.²⁹
What are the Interac e-Transfer fees?
Every bank sets its own e-transfer fees, so it’s important to understand how much money you’ll be paying for each transaction.
Personal accounts
There are some personal accounts that don’t charge to send an Interac e-Transfer.
These include:
- BMO customers with an active bank plan - including all BMO premium rate savings and chequing accounts in Canadian dollars¹²
- CIBC Smart and Smart Plus Accounts
- CIBC Smart for Students
- CIBC Smart for Seniors
- CIBC Advantage for Youth
- CIBC Advantage for Students⁶
- RBC Chequing Account ¹³
- All Tangerine Chequing Accounts¹⁴
- TD Student, Everyday and Unlimited Chequing Account
- TD All-Inclusive Banking Plan
- TD Wealth Private Banking Account¹⁵
However, some personal accounts do experience e-transfer fees. Find a table of these accounts below.
| Bank Name | Account | Interac e-Transfer Fee |
|---|---|---|
| CIBC | All CIBC accounts except those listed above | 1.50 CAD per transaction⁶ |
| BMO | All BMO personal accounts except those listed above | 1 CAD per transaction¹² |
| RBC | Personal Savings Account | 1 CAD per transaction¹³ |
| TD Bank | Minimum Chequing Account | Up to 100 CAD: 0.50 CAD per transfer Over 100 CAD: 1.00 CAD per transfer¹⁶ |
| Scotiabank | All accounts | 1 CAD per transaction |
Business accounts
There are some business accounts that don’t charge for sending or receiving money. These include:
- CIBC Unlimited Business Operating Account
- CIBC Advanced Business Operating Account (up to 100 transactions)
- CIBC Everyday Business Operating Account (up to 30 transactions)
- CIBC Not-For-Profit Operating Account (up to 30 transactions)¹⁷
- TD Unlimited Business Plan¹⁵
- BMO business banking customers with an active bank plan - including all BMO premium rate savings and chequing accounts in Canadian dollars
However, some business accounts do experience Interac e-Transfer fees. Find a table of these accounts below.
| Bank Name | Account | Interac e-Transfer Fee |
|---|---|---|
| CIBC | All CIBC accounts except those listed above | 1.50 CAD per transaction⁶ |
| BMO | All BMO personal accounts except those listed above | 1 CAD per transaction¹² |
| RBC | Personal Savings Account | 1 CAD per transaction¹³ |
| TD Bank | Minimum Chequing Account | Up to 100 CAD: 0.50 CAD per transfer Over 100 CAD: 1.00 CAD per transfer¹⁶ |
| Scotiabank | All accounts | 1 CAD per transaction |
International Interac e-Transfers
If you want to send or request money overseas, many banks also charge for international Interac e-Transfer transactions.
Find a table of international e-transfer fees below.
| Bank Name | Account | Interac e-Transfer Fee |
|---|---|---|
| CIBC | All CIBC accounts except those listed above | 1.50 CAD per transaction⁶ |
| BMO | All BMO personal accounts except those listed above | 1 CAD per transaction¹² |
| RBC | Personal Savings Account | 1 CAD per transaction¹³ |
| TD Bank | Minimum Chequing Account | Up to 100 CAD: 0.50 CAD per transfer Over 100 CAD: 1.00 CAD per transfer¹⁶ |
| Scotiabank | All accounts | 1 CAD per transaction |
International e-transfer payments also levy fees which aren’t always highlighted upfront, meaning you might end up spending more money than expected for your global transfer. Banks charge you a retail rate - this isn’t what you see on Google when looking up exchange rates.
Avoid nasty hidden fees with Wise Interac e-Transfers, including plenty of options for Canadian customers across the world. And it’s not all about Interac! Wise’s mid market rate and a nominal transfer fee ensure that you make the most of your money, and save where you can.
With Wise’s international money transfer option, you can send money directly into your recipient’s bank account. Send money to 80+ countries - and receive money in 10 currencies, too.
Please see Terms of Use for your region or visit for the most up to date pricing and fee information.
What are the e-Transfer fees for transfer requests and cancellations?
As well as charging for e-transfers, many participating banks also charge for transfer requests and cancellations.
Transfer requests
Transfer requests can cost money at some banks. Find a table of transfer request fees below.
| Bank Name | Account | Interac e-Transfer Fee |
|---|---|---|
| CIBC | All CIBC accounts except those listed above | 1.50 CAD per transaction⁶ |
| BMO | All BMO personal accounts except those listed above | 1 CAD per transaction¹² |
| RBC | Personal Savings Account | 1 CAD per transaction¹³ |
| TD Bank | Minimum Chequing Account | Up to 100 CAD: 0.50 CAD per transfer Over 100 CAD: 1.00 CAD per transfer¹⁶ |
| Scotiabank | All accounts | 1 CAD per transaction |
Cancellation fees
Many banks charge an Interac e-Transfer reclaim fee, to let you receive funds from any cancelled e-transfers.
Find a table of Interac e-Transfer cancellation fees below.
| Bank Name | Account | Interac e-Transfer Fee |
|---|---|---|
| CIBC | All CIBC accounts except those listed above | 1.50 CAD per transaction⁶ |
| BMO | All BMO personal accounts except those listed above | 1 CAD per transaction¹² |
| RBC | Personal Savings Account | 1 CAD per transaction¹³ |
| TD Bank | Minimum Chequing Account | Up to 100 CAD: 0.50 CAD per transfer Over 100 CAD: 1.00 CAD per transfer¹⁶ |
| Scotiabank | All accounts | 1 CAD per transaction |
If you’re looking for a cost-effective money transfer alternative, Wise has got your back! With transparent fees, speedy transactions, and plenty of transfer options for individuals and businesses, send and receive your money with ease.
Wise always uses the mid-market exchange rate - guaranteeing a fair transfer rate for everyone. You can even send funds as an instant²⁷ money transfer to reach people that little bit quicker.
Make simple, stress-free payments with Wise!
Interac e-Transfer is a convenient way for Canadian customers to send and receive funds. However, there are limits and fees attached, including transaction, request and reclaim fees for individuals and businesses.
To explore your international payment options, check out Wise.
Join Wise
Please see Terms of Use for your region or visit for the most up to date pricing and fee information.
Sources
- Interac e-Transfer limits for businesses
- RBC transfer requests
- E-Transfer limits
- RBC International e-Transfer Limits
- RBC Website
- CIBC Website
- Financial Lox
- TD Bank
- Snappy Rates
- Maple Money
- Maple Money
- My Wealth Experience
- RBC Website
- My Wealth Experience
- TD Bank
- TD Bank
- CIBC Website
- Scotiabank Website
- Money Transfers
- CIBC Website
- TD Bank
- Scotiabank Website
- BMO Website
- CIBC Website
- Scotiabank Website
- Savvy New Canadians
- Disclaimer: The speed of transaction claims depends on individual circumstances and may not be available for all transactions
- NBC Limits
- Tangerine limits modification
Sources last checked on: 29 March 2023
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
