If you run a small business in Canada, there is a good chance you get paid by Interac e-Transfer. It is the most popular way Canadians send money to each other, and it is fast, free at many banks, and works with every major financial institution in the country.
But every bank sets its own limits on how much you can send and receive. If you are a freelancer billing a client $5,000 for a project, or a contractor collecting a deposit, you need to know whether your bank will actually let the money through.
Here is everything you need to know about Interac e-Transfer limits in 2026.
In this guide
Interac e-Transfer Limits by Bank: Quick Comparison
Here is a side-by-side look at the sending limits for personal accounts at every major Canadian bank. All figures are in Canadian dollars.
| Bank | Per Transfer | Daily (24h) | Weekly (7d) | Monthly (30d) | Fee |
|---|---|---|---|---|---|
| RBC | $3,000 | Up to $10,000 | — | — | Free* |
| TD | $3,000 | $3,000 | $10,000 | $20,000 | Free |
| Scotiabank | $3,000 | $3,000 | — | — | $1.00* |
| BMO | $3,000 | $3,000 | $10,000 | $20,000 | Free* |
| CIBC | $3,000 | $3,000 | $10,000 | $30,000 | $1.50 |
| Tangerine | $3,000 | $3,000 | $10,000 | $20,000 | Free |
| Simplii Financial | $3,000 | $3,000 | $10,000 | $30,000 | Free |
| EQ Bank | $5,000 | $5,000 | $20,000 | $50,000 | Free |
| National Bank | $4,000 | $4,000 | $14,000 | — | $1.25* |
| Desjardins | $5,000 | $5,000 | — | — | Varies |
| Wealthsimple | $5,000 | $5,000 | $10,000 | $30,000 | Free |
*Fee varies by account type. BMO includes free e-Transfers on all Everyday Bank Plans. Scotiabank charges $1.00 per transfer but may waive the fee on premium packages. National Bank is free with monthly plans. RBC is free with most chequing accounts ($1.00 on savings). Dash (—) means the bank does not publish a separate limit for that period. Limits shown are defaults for standard personal accounts and may vary by account type. Last verified March 2026.
Big Five Banks
RBC (Royal Bank of Canada)
RBC categorizes e-Transfers under "Third Party Payments," which is a separate daily limit category from your debit card (Point of Sale) purchases. The standard per-transaction limit is $3,000, but RBC states that all clients can send up to $10,000 per day through the RBC Mobile app after verifying their identity.
To change your Third Party Payments limit, you will need to call an RBC Advisor at 1-800-769-2555. E-Transfers are free with most RBC chequing accounts, though savings accounts may incur a $1.00 fee per transfer.
TD (TD Canada Trust)
TD sets a straightforward $3,000 per transfer limit with a daily cap of $3,000, a 7-day cap of $10,000, and a 30-day cap of $20,000. These limits apply to standard personal chequing accounts.
TD includes free e-Transfers with all of their chequing accounts, including the Minimum Chequing Account. Note that TD's "Request Money" feature (where you request a payment from someone else) may carry a small fee on some plans, but standard sending and receiving is free.
Scotiabank
Scotiabank bases your e-Transfer limit on your account's transaction limit. The default for most personal accounts is commonly reported as $3,000, though Scotiabank does not publicly publish specific default amounts. Limits vary by account type, and you can request a change by calling 1-800-472-6842 or visiting a branch.
Scotiabank charges $1.00 per e-Transfer on most personal accounts, though premium packages like the Preferred and Ultimate packages may include free e-Transfers. Check your Scotia online banking under "My Accounts" for your specific limit and fee details.
BMO (Bank of Montreal)
BMO allows up to $3,000 per transfer with a daily limit of $3,000, weekly limit of $10,000, and a monthly limit of $20,000. Some accounts may have a $2,500 default depending on the type of debit card.
BMO includes free unlimited e-Transfers on all Everyday Bank Plans, which covers most account holders. If you are on an older pay-per-use account without a plan, the fee is $1.00 per transfer.
CIBC
CIBC matches the industry standard with a $3,000 per transaction limit. The daily cap is $3,000, weekly is $10,000, and the monthly limit is $30,000, which is one of the higher monthly caps among the Big Five.
CIBC charges $1.50 per e-Transfer on most accounts, making it one of the pricier options. Their Smart Account and higher-tier plans include free transfers.
Digital and Online Banks
Tangerine
Tangerine offers free e-Transfers with no monthly fee on their accounts. The per-transfer limit is $3,000, with a daily cap of $3,000, weekly cap of $10,000, and monthly cap of $20,000.
As an online-only bank owned by Scotiabank, Tangerine is popular with small business owners who want to avoid per-transfer fees.
Simplii Financial
Simplii Financial, CIBC's online banking brand, offers free unlimited e-Transfers. The per-transaction limit is $3,000, daily is $3,000, weekly is $10,000, and the monthly limit is a generous $30,000.
Simplii does not publish a cap on how much you can receive via e-Transfer, which may make it a practical choice if you regularly accept payments from clients. Contact Simplii directly to confirm your account's receiving limits.
EQ Bank
EQ Bank offers free e-Transfers with some of the highest sending limits among digital banks: $5,000 daily, $20,000 weekly, and $50,000 monthly. On the receiving side, you can accept up to $25,000 per transaction.
If you are a small business owner who sends or receives large payments by e-Transfer, EQ Bank's generous limits make it a strong option.
Wealthsimple
Wealthsimple Cash offers free e-Transfers with a default daily limit of $5,000. There is no separate per-transaction cap -- you can send up to your full daily limit in a single transfer. Weekly and monthly limits default to $10,000 and $30,000 respectively. Wealthsimple also lets you adjust your daily limit (from $1,000 to $25,000) based on eligibility.
Other Banks and Credit Unions
National Bank of Canada
National Bank sets a higher-than-average per-transfer limit of $4,000 with a 25-hour rolling cap of $4,000 and a 7-day cap of $14,000. They charge $1.25 per transfer on accounts without a monthly package; e-Transfers are free with The Connected, The Total, and other monthly plans.
Desjardins
Desjardins offers one of the highest personal e-Transfer limits among Canadian financial institutions at $5,000 per transfer and $5,000 per day. Note that Desjardins does not allow you to increase this limit. Business accounts can send up to $10,000 per day.
Credit Unions
Credit unions vary widely, but here are some notable examples:
- ATB Financial stands out with a $5,000 per-transfer limit, $5,000 daily, $35,000 weekly, and an impressive $150,000 monthly limit.
- Meridian Credit Union offers $5,000 per transfer and $5,000 daily, with a $10,000 weekly and $20,000 monthly cap.
- Vancity, Coast Capital, and Alterna Savings all follow the standard $3,000 per transfer limit.
Receiving Limits: How Much Can You Accept?
Good news for anyone who gets paid by e-Transfer: receiving limits are generally much higher than sending limits. Most banks allow you to receive up to $25,000 per individual transfer, and many do not publish separate daily, weekly, or monthly caps on incoming transfers. Check with your bank for your specific receiving limits.
This matters if you are a small business owner. Your clients may need to split a large payment into multiple transfers because of their bank's sending limit, but your bank will not block you from receiving those payments.
Tip for small business owners
If you regularly receive e-Transfers from clients, consider enabling Interac Autodeposit. Payments go straight into your account without needing to answer a security question, and there is no risk of the transfer expiring. Also be sure to read our guide on how to spot fake e-Transfer scams.
Business Account Limits
If you have a business banking account, your e-Transfer limits are significantly higher than personal accounts. Interac e-Transfer for Business supports transactions of up to $25,000 per transfer at most banks.
Business accounts also come with higher daily, weekly, and monthly caps. The exact limits depend on your bank and the type of business account you hold, but here is what you can generally expect:
- Per transaction: Up to $25,000
- Daily: $25,000 or higher
- Monthly: Varies widely; can reach $100,000 or more at some banks
- Receiving: Up to $25,000 per transfer, often no daily or monthly cap
If you are running a business that regularly processes payments over $3,000, switching to a business account (or at least asking your bank to raise your personal limits) is worth considering. Keep in mind that once your revenue crosses $30,000 in four consecutive calendar quarters, you are required to register for GST/HST. See our complete GST/HST guide for Canadian small businesses for details.
How to Increase Your Interac e-Transfer Limit
Hitting your e-Transfer limit when you need to send a payment is frustrating. Here are the most common ways to raise it:
1. Call your bank
The fastest option. Most banks can temporarily or permanently raise your daily limit over the phone. At RBC, call 1-800-769-2555 to change your Third Party Payments limit. At Scotiabank, call 1-800-472-6842. Note that some banks like Desjardins do not allow limit increases at all.
2. Upgrade your account
Premium chequing accounts often come with higher default e-Transfer limits. For example, Scotiabank Ultimate Package holders get significantly higher limits than those on the Basic Banking Plan.
3. Switch to a business account
Business accounts support up to $25,000 per e-Transfer at most banks. If you are self-employed or running a micro-business, this is the most effective long-term solution.
4. Use online banking settings
Some banks let you adjust certain daily limits through their online banking portal or mobile app. At RBC, you can temporarily change ATM and in-store purchase limits via Online Banking, but e-Transfer limits require calling an advisor. Wealthsimple lets you adjust your daily e-Transfer limit directly in the app.
5. Split the payment
If you need to send more than your daily limit, you can send multiple transfers over several days. Not ideal, but it works in a pinch.
Stay on top of your e-Transfer income
Biller.ca parses your Interac e-Transfer notification emails and helps you track income, clients, and your GST/HST threshold. Built for Canadian small businesses.
Get Started FreeFrequently Asked Questions
What is the Interac e-Transfer limit in Canada?
Most major Canadian banks set a default sending limit of $3,000 per transaction for personal accounts. Daily limits typically range from $3,000 to $5,000, weekly limits from $10,000 to $14,000, and monthly limits from $20,000 to $30,000. The exact limits depend on your bank and account type.
How much can I receive via Interac e-Transfer?
Most banks allow you to receive up to $25,000 per transaction. Many banks do not publish separate daily, weekly, or monthly receiving caps, though some institutions do impose aggregate limits. Check with your bank for your specific receiving limits.
Can I increase my Interac e-Transfer limit?
Yes. Most banks allow you to request a limit increase by calling their customer service line, visiting a branch, or upgrading to a premium account. Some banks also let you adjust limits through online banking settings. Business accounts typically have much higher limits than personal accounts.
What is the maximum Interac e-Transfer for a business account?
Business accounts can typically send up to $25,000 per transaction. Many banks offer significantly higher daily, weekly, and monthly limits for business accounts compared to personal accounts.
Is there a fee for Interac e-Transfers?
It depends on your bank. Tangerine, Simplii Financial, EQ Bank, Wealthsimple, and BMO (on all Everyday Bank Plans) offer free e-Transfers. Scotiabank charges $1.00, CIBC charges $1.50, and National Bank charges $1.25 per transfer on accounts without a monthly package. Most banks waive fees on premium chequing accounts.
What does "rolling 24-hour period" mean?
When your bank says "$3,000 per 24 hours," they mean a rolling window from the time of your first transfer, not midnight to midnight. If you send $3,000 at 2 PM, you will not be able to send more until 2 PM the next day.
The information on this page is for general informational purposes only and does not constitute financial, legal, or tax advice. While we strive to keep this content accurate and up to date, we make no guarantees about its completeness or reliability. Always consult your bank, a qualified professional, or the relevant authority for advice specific to your situation. Last updated March 2026.