Interac e-Transfers® are a convenient and secure way to send funds to friends, family, and business associates. Be sure to understand the transaction limits and fees associated with this transfer method.
Interac e-Transfer service fees
Whether you pay a separate transaction fee for sending an e-Transfer is determined by which chequing account you use. For example, Unlimited or Premium account holders can send e-Transfers at any time at no additional cost – they are covered in the monthly account package fee.
Also remember that applicable transaction fees still apply in the event that you cancel an e-Transfer or if it is declined by the recipient. There is no fee for receiving funds via e-Transfer; the sender bears the cost.
The following limits apply when sending funds through Interac e-Transfer:
Transaction limit: $10,000
Daily or weekly limit: $10,000
Monthly limit: $20,000
The following limits apply when receiving funds through Interac e-Transfer:
Transaction limit: $25,000
Daily or weekly limit: none
Monthly limit: none
Interac e-Transfers can only be done through Online and Mobile Banking. If you're not currently registered for Online Banking, please contact us for assistance – it's fast and easy.