Interac e-Transfer Limits Canada 2025 — All Bank Limits, Autodeposit

Interac e-Transfer Sending Limits by Bank 2025

Bank	Per Transaction Max	Daily Limit	Weekly Limit	Monthly Limit
TD Bank	$3,000	$3,000	$100	$20,000
RBC	$3,000	$3,000	$100	$20,000
Scotiabank	$3,000	$3,000	$100	$20,000
BMO	$3,000	$3,000	$100	$20,000
CIBC	$3,000	$3,000	$100	$30,000
National Bank	$3,000	$3,000	$100	$30,000
Tangerine	$3,000	$3,000	$100	$20,000
Simplii Financial	$3,000	$3,000	$100	$30,000
EQ Bank	$3,000	$3,000	$100	$20,000
KOHO	$3,000	$3,000	$100	$20,000
Motusbank	$3,000	$3,000	$100	$20,000

Limits are approximate and subject to change. Verify with your bank for exact current limits. Some accounts may have lower limits based on account type or history.

Interac e-Transfer Receiving Limits

Unlike sending limits, Interac e-Transfer receiving limits are generally very high. Most Canadian financial institutions allow receiving up to $25,000 per single transaction with no monthly cap on total received amounts. Some banks may have per-deposit receiving limits of $100 or $25,000.

The practical limit is typically imposed by the sender's bank — you can only receive what the sender can send within their limits. If someone needs to send you $15,000, they may need to split it into multiple transfers over multiple days.

How to Increase Your e-Transfer Limit

If you regularly need to send amounts above the standard limits, most banks have options to increase your personal limit:

Request a limit increase through online banking — most banks allow this within your account settings for verified customers
Call customer service — a brief call explaining the business purpose (e.g., "I regularly pay contractors") often results in a quick limit increase
Upgrade to a premium banking package — some banks offer higher e-Transfer limits on their premium plans
Use business banking — business accounts often have higher e-Transfer limits than personal accounts

For recurring large payments over your limit, also consider EFT (electronic funds transfer / pre-authorized debit) or wire transfers, which have much higher limits.

How to Set Up Interac Autodeposit

Interac Autodeposit is the safest and most convenient way to receive e-Transfers. Instead of receiving a notification asking you to "accept" a transfer (which requires entering a security question answer), Autodeposit automatically deposits incoming transfers directly to a linked bank account.

Why use Autodeposit:

Eliminates the security question step (no risk of accidentally clicking a fraudulent e-Transfer link)
Deposits happen automatically — no manual acceptance required
Reduces fraud risk — scammers often use the "accept transfer" step to redirect funds
Faster receipt of funds

How to set up Autodeposit:
1. Log into your bank's app or online banking
2. Navigate to Interac e-Transfer settings
3. Find "Autodeposit" or "Autodeposit Registration"
4. Link your email address or phone number
5. Confirm via the verification email sent to you
Once active, any e-Transfer sent to your registered email/phone goes directly to your account — no security question needed.

e-Transfer Fees by Bank

Bank	Sending Fee	Receiving Fee	Notes
TD (All-Inclusive plan)	Free	Free	Some lower-tier plans charge $1–1.50
RBC (Premium plans)	Free	Free	Basic accounts: $1.00/send
Scotiabank (Preferred+)	Free	Free	Lower plans: $1.00/send
Tangerine	Free	Free	Unlimited, no charge
Simplii Financial	Free	Free	Always free
EQ Bank	Free	Free	Always free
KOHO	Free	Free	Always free
Motusbank	Free	Free	Unlimited

  Tip: If you're currently paying $1–$1.50 per e-Transfer at a big bank on a basic plan, switching to Tangerine, Simplii, or KOHO (all permanently free) will save you meaningfully if you send e-Transfers frequently.

Interac e-Transfer for Businesses

Businesses can also use Interac e-Transfer for payments, though the standard limits (up to $3,000 per transfer, $20,000/month on personal accounts) may be constraining for business use.

Interac e-Transfer for Business: Some financial institutions offer enhanced e-Transfer limits for business accounts — for example, some business accounts allow up to $25,000 per transfer and $50,000–$100,000 monthly limits. Check with your business bank for available business e-Transfer options.

For payments over these amounts, a direct deposit (PAD), EFT, or wire transfer is typically more appropriate for business-to-business payments.

Avoiding e-Transfer Fraud

Interac e-Transfer fraud is common in Canada. Key protections:

Use Autodeposit — eliminates the intercept-and-redirect fraud vector entirely
Verify the recipient's email/phone before sending — a simple typo can send funds to a stranger
Don't use obvious security questions — "What is your name?" or pet's name visible on social media are dangerous
Never accept e-Transfers from strangers — romance scams and overpayment scams often start with an unexpected e-Transfer
Be suspicious of requests to "cancel" an e-Transfer — this is a common scam; cancelled transfers don't require you to pay anything back

Frequently Asked Questions

What is the maximum Interac e-Transfer amount in Canada? +

Most Canadian banks cap individual e-Transfer sends at $3,000 per transaction. Daily limits are typically $3,000, weekly $100, and monthly $20,000–$30,000. Business accounts and premium personal accounts may have higher limits. You can request a limit increase through your bank.

How do I send more than $3,000 by e-Transfer? +

You can send multiple transfers over multiple days. Alternatively, request a limit increase from your bank, or consider using EFT, wire transfer, or bill payment for larger amounts. Business accounts often support higher per-transaction limits.

What is Interac Autodeposit and is it safe? +

Autodeposit automatically deposits incoming e-Transfers to your registered bank account without requiring a security question. It is actually safer than standard e-Transfers because it eliminates the step where fraudsters can intercept and redirect funds. Set it up in your bank's e-Transfer settings.