For most Canadians, sending and receiving Interac e-Transfers is free — as long as you're using a chequing account at a major bank. Where fees do show up is on basic or savings accounts, on transfers from some smaller credit unions, and occasionally on business accounts where banks charge a small per-transfer fee in exchange for higher limits.
The short answer
- Free at: RBC, TD, BMO, Scotiabank, CIBC, Tangerine, Simplii, EQ Bank, Wealthsimple, ATB, Desjardins, National Bank — for most chequing accounts.
- Receiving is free at every Canadian bank, with no exceptions.
- Common gotchas: savings accounts (often $1.00 per transfer), basic chequing accounts with limited transactions, and some business accounts with a per-transfer charge.
Fees by bank
Every per-bank guide on Biller.ca has the exact fee schedule for the major chequing accounts at that bank:
- RBC e-Transfer fees
- TD e-Transfer fees
- CIBC e-Transfer fees
- BMO e-Transfer fees
- Scotiabank e-Transfer fees
- Tangerine e-Transfer fees
- Simplii e-Transfer fees
- EQ Bank e-Transfer fees
- Wealthsimple e-Transfer fees
- National Bank e-Transfer fees
- Desjardins e-Transfer fees
- ATB Financial e-Transfer fees
Side-by-side comparison
For a fee-by-fee comparison across every major Canadian bank, see our deep dive:
Interac e-Transfer fees in Canada: every bank compared (2026).
How to avoid e-Transfer fees
- Use a chequing account, not a savings account, as your sending account.
- Use Autodeposit so transfers settle instantly and cannot expire.
- If you're on a basic chequing account with a transaction cap, ask your bank if they'll waive e-Transfer counts as part of a promo or status upgrade.
- If you regularly send over your limit, an alternative like EFT or a wire transfer may cost more once but cover much larger amounts.