Which Canadian bank has the highest business e-Transfer limit?

RBC. Interac e-Transfer for Business at RBC allows up to $25,000 per transaction and $200,000 per day, at $1.50 per transfer sent. That per-transaction figure matches the $25,000 ceiling Interac applies network-wide to any single transfer.

Do business accounts have higher e-Transfer limits than personal accounts?

Yes, substantially. A personal account at most Canadian banks caps a single e-Transfer at $3,000. Business tiers typically start at $10,000 per transfer and reach $25,000 at RBC, with daily ceilings running from $10,000 to $200,000.

Do business accounts charge for Interac e-Transfers?

Usually yes, unlike personal chequing accounts where sending is now typically free. RBC charges $1.50 per business transfer sent. EQ Bank's Business Account includes 50 free sends and 100 free receives a month, then $0.50 each. This is the trade for the higher limits.

What is the maximum anyone can receive by Interac e-Transfer?

$25,000 per incoming transfer. This is a network-level ceiling set by Interac, not by individual banks, and it applies to business and personal accounts alike. No Canadian account can receive more than $25,000 in one e-Transfer.

Business e-Transfer Limits by Bank — Canada (2026)

The short version

RBC has the highest business e-Transfer limit in Canada — $25,000 per transaction and $200,000 per day, at $1.50 a transfer.

$25,000 per transfer is also the hard ceiling Interac applies network-wide, so no Canadian account of any kind exceeds it in a single transfer.

Business limits, ranked

Bank	Per transfer	Per day	Personal cap
RBC	$25,000	$200,000	$3,000
TD	$25,000	$25,000	$3,000
Scotiabank	$25,000	—	$3,000
BMO	$25,000	$25,000	$3,000
CIBC	$25,000	$25,000	$3,000
Desjardins	$25,000	$25,000	$5,000
ATB Financial	$25,000	—	$5,000
Vancity	$25,000	$50,000	$6,000
EQ Bank	$10,000	$10,000	$5,000
ICICI Bank	$10,000	—	$10,000

The last column is the point of the table. For most banks, moving from a personal to a business account multiplies what you can send in one transfer by three to eight times.

What the upgrade actually costs

Higher limits are not free, and this is the honest trade-off. Personal chequing accounts at the Big Five now include unlimited free e-Transfers. Business accounts generally do not:

RBC — $1.50 per business transfer sent, for $25,000 per transaction and $200,000 a day.
EQ Bank — 50 free sends and 100 free receives a month, then $0.50 each. No monthly account fee, which is unusual for a business account.
Monthly account fees apply to most bank business chequing accounts on top of per-transfer pricing.

Run the arithmetic on your own volume before switching. If you send thirty transfers a month, RBC's business pricing costs $45 a month in transfer fees alone. If you send three large ones, it costs $4.50 and solves a real problem.

The $25,000 ceiling nobody can exceed

Interac caps any single incoming e-Transfer at $25,000, network-wide. This is not a bank policy and no account tier lifts it.

It is the number that decides whether e-Transfer can be your payment method at all. Invoices above $25,000 need a different rail regardless of who you bank with — see e-Transfer vs wire transfer and sending large amounts in Canada.

Credit union business accounts

Worth a look, and frequently overlooked. Steinbach Credit Union, to take a published example, allows $10,000 per transfer, $20,000 a day, $50,000 a week and $100,000 a month on business accounts — competitive with the banks, and often at lower monthly cost.

Credit union limits are also more negotiable, because they are configured per member rather than set by national policy. See credit union e-Transfer limits.

Do you actually need a business account?

Three questions settle it:

Are you regularly blocked? If invoices sit above $3,000 and you are splitting payments across days, yes. That is the problem business tiers exist to solve.
Are you incorporated? Most banks require a business account for a corporation regardless of transfer volume. A sole proprietor has more latitude.
Is it about receiving or sending? This is the one people get wrong. Business tiers raise your sending limit. If your clients pay you, the constraint is their limit and their bank, not yours — and the $25,000 per-transfer receiving ceiling applies to you either way.

If most of your money is incoming, upgrading your own account may buy you nothing. Read payment methods for Canadian small businesses before you switch.

Getting paid above the limit

When invoices routinely exceed what a client can e-Transfer, the practical fix is usually a second payment option rather than a different bank account. Card payments have no equivalent ceiling, and offering both lets the client choose.

Biller puts a pay link on the invoice for card payments and records e-Transfers against the same invoice when clients prefer to send them, so the payment record stays in one place regardless of which rail the money took. GST/HST is handled on the invoice, and the reports are structured for a Canadian tax year.

Related guides

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.

Business e-Transfer limits by bank.