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.
The short answer
At most Canadian banks the Interac e-Transfer limit is $3,000 per transfer. RBC, TD, CIBC, BMO and Scotiabank all sit there. Daily ceilings vary from $3,000 to $10,000.
The outliers are worth knowing: ICICI Bank Canada allows $10,000 in one transfer — the highest published personal limit in Canada — and Wealthsimple lets you raise your own limit to $25,000 a day in the app.
Receiving is capped at $25,000 per transfer network-wide by Interac, and no account of any kind exceeds it. Limits reset on a rolling window measured from each transfer, not at midnight.
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 | — | — | Plan-based* |
| Wealthsimple | — | $5,000† | $10,000† | $30,000† | Free |
| ATB Financial | $5,000 | $5,000 | $35,000 | $150,000 | Free* |
*Fee varies by account type. BMO and Scotiabank include e-Transfers on their chequing plans (unlimited on premium plans, within the transaction count on basic ones). National Bank is free with monthly plans. Desjardins includes e-Transfers in its transaction plans up to each plan's count. ATB charges $1.50 only on its Pay As You Go account. †Wealthsimple's figures are defaults; eligible clients can raise the daily limit as high as $50,000, and the weekly and monthly limits scale with it. 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 September 2026.
Want a deeper look at the fee column above? We have a dedicated guide: Interac e-Transfer Fees in Canada (2026): Every Bank Compared.
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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, and RBC states that all clients can send up to $10,000 per day through the RBC Mobile app after verifying their identity. RBC's official position is that the Interac e-Transfer limit cannot be increased or decreased — the $10,000/day cap is fixed.
RBC offers free unlimited e-Transfers on all Canadian dollar personal chequing accounts, up to 999 transfers per month per account, then $1.00 per additional transfer. Sending from a personal savings account costs $1.00 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 adjust it yourself in the Scotia app under Manage transaction limits, or call 1-800-472-6842 for more.
Every current Scotiabank chequing account includes e-Transfers: unlimited on the Ultimate and Preferred Packages, and within the monthly transaction count on the Basic Plus and Basic Bank Accounts.
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 unlimited free e-Transfers on the Premium, Performance, and Blue Rewards plans. The Plus and Practical plans count them toward their monthly transactions (25 and 12), then charge $1.25 per extra transaction. Older pay-per-use accounts without a plan pay $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's chequing account 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 eligible clients adjust the daily limit from $1,000 up to $50,000, and the weekly and monthly limits scale with it.
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 unlimited and free with The Connected and The Total, and included within The Minimalist's 18 monthly digital transactions.
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 on AccèsD Affaires can send up to $25,000 per 24 hours.
Credit Unions
Credit unions vary widely, but here are some notable examples:
- ATB Financial (an Alberta Crown corporation rather than a credit union) stands out with a $5,000 per-transfer limit, $5,000 daily, $35,000 weekly, and an impressive $150,000 monthly limit.
- Vancity allows $6,000 per transfer, $10,000 per rolling 24 hours or 7 days, and $20,000 per 30 days. These are system limits that can't be raised for individual members.
- Alterna Savings follows the common pattern: $3,000 per transfer and per 24 hours, $10,000 per 7 days, and $20,000 per 30 days.
- Meridian and Coast Capital don't publish their personal e-Transfer limits; check in online banking or ask your branch.
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 for most banks. Several banks, including TD and CIBC, will review a limit increase over the phone or in branch: at TD, call 1-866-222-3456; at CIBC, call 1-800-465-2422. Scotiabank lets you adjust your limit yourself in the Scotia app. Note that RBC, EQ Bank, Tangerine, and Desjardins do not allow limit increases at all — their caps are fixed.
2. Upgrade your account
Some banks tie e-Transfer limits or fees to your account plan, so a higher-tier chequing plan can help. Ask your bank whether an upgrade changes your limits before you pay a higher monthly fee.
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 in-app settings
Wealthsimple lets you adjust your daily Interac e-Transfer limit yourself in the app, in $1,000 increments, from $1,000 up to $50,000 (eligibility-dependent). At RBC, the in-app and online banking settings only adjust ATM and in-store purchase limits — the Interac e-Transfer cap is fixed and cannot be raised.
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.
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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 (personal), Wealthsimple, TD, and RBC (personal chequing) offer free e-Transfers. BMO and Scotiabank include them on their chequing plans. CIBC charges $1.50 outside its waived accounts, and National Bank charges $1.25 on accounts without a monthly package.
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.
More on e-Transfer limits
- Business e-Transfer limits by bank — up to $25,000 per transfer.
- Credit union e-Transfer limits — the shared default most credit unions use.
- The minimum e-Transfer amount — the floor, not the ceiling.
- Limit reached but money still in the account?
- How to send more than your limit — wire, EFT, bill payment, Wise.
- Sending large amounts in Canada — for $10,000+ transfers.
Free tools for getting paid by e-Transfer
No account needed to try them.
- Free e-Transfer income tracker — tally your Interac income toward the $30,000 GST/HST threshold.
- Free invoice generator for Canada — build a GST/HST-ready invoice in minutes.
- Free e-Transfer receipt generator — issue a clean, CRA-friendly receipt.