Interac e-Transfer is Canada's most popular way to send money between individuals. Every Canadian bank sets its own e-Transfer limits, which can affect how much you can send or receive at once. Here are the most up-to-date limits for all major Canadian banks.
Interac e-Transfer Limits by Bank (2025)
| Bank / Institution | Per Transaction | Daily Limit | Weekly Limit | Monthly Limit |
|---|---|---|---|---|
| RBC | $3,000 | $3,000 | $100 | $20,000 |
| TD | $3,000 | $3,000 | $100 | $20,000 |
| Scotiabank | $3,000 | $3,000 | $100 | $20,000 |
| BMO | $2,500 | $2,500 | $100 | $20,000 |
| CIBC | $3,000 | $3,000 | $100 | $20,000 |
| National Bank | $3,000 | $3,000 | $100 | $20,000 |
| EQ Bank | $3,000 | $100 | $100 | $40,000 |
| Tangerine | $3,000 | $3,000 | $100 | $20,000 |
| KOHO | $3,000 | $3,000 | $100 | N/A |
| Simplii Financial | $3,000 | $3,000 | $100 | $20,000 |
Note: Limits vary by account type and relationship. Limits shown are typical for standard chequing accounts. Business accounts typically have higher limits. Always verify with your bank for your specific account.
How to Send Large Amounts Above e-Transfer Limits
- Bank wire transfer: No practical limit but fees apply ($15–$50 outgoing)
- EFT (Electronic Funds Transfer): Higher limits, 1–3 business day delivery
- Interac e-Transfer — split over multiple days: Send up to the daily limit each day
- Draft or certified cheque: For very large amounts (real estate closings, etc.)
Frequently Asked Questions
Yes — most banks allow you to request a higher e-Transfer limit, especially if you have a good account history. Contact your bank's customer service or visit a branch. Premium accounts (like RBC Signature No Limit or TD All-Inclusive) often have higher limits automatically.
If your transaction exceeds your limit, the e-Transfer will be declined. You will receive an error message and the funds will not be sent. You will need to split the payment, use a wire transfer, or wait until the next day to send within limits.
Most Canadian banks include unlimited or a set number of free e-Transfers in their standard account packages. Some basic accounts charge $1.50–$3 per e-Transfer. KOHO, EQ Bank, and Tangerine offer free e-Transfers with their standard accounts.
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