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.