Interac e-Transfer limits and fees by bank (2026)

How an e-Transfer works

An Interac e-Transfer moves money between Canadian bank accounts using an email address or mobile number. Interac stresses that the money never travels by email or text. The message is only a notice; the funds move between banks the same way cheques and ATM deposits settle.

Most transfers arrive almost instantly, but Interac says they can take up to 30 minutes depending on the bank. The recipient either answers a security question or, with Autodeposit, gets the money automatically.

Limits and fees by bank

These are personal sending limits and fees as each bank states them on its own site. Where a bank doesn’t publish a figure, we say Check bank. Your own limit may be lower than the maximum; your app shows it.

Interac e-Transfer send limits and fees, personal accounts

Bank	Send limit	Fee to send	Where to see your limit
RBC	$10,000 per day in the RBC Mobile app	Free on personal chequing; $1.00 on personal savings	Daily Transaction Limits
TD	Check bank	No fee on its chequing accounts; otherwise $0.50 (up to $100) or $1.00	EasyWeb › Fees and Limits › Maximum Amounts
BMO	Check bank	Check bank	Check bank
Scotiabank	Check bank	Unlimited with the Preferred Package; counts as a transaction on basic accounts	Manage transaction limits
CIBC	$3,000 a day, $10,000 in 7 days, $30,000 in 30 days	$1.50 unless included with your account	Online banking or app
National Bank	$4,000 a day	Free in its banking packages; $1.25 on some accounts	Check bank
Desjardins	$5,000 per 24 hours	Check bank	AccèsD
Tangerine	$3,000 a day, $10,000 a week, $20,000 a month	Free	Can’t be changed
Simplii	$3,000 a day, $10,000 in 7 days, $30,000 in 30 days	Free	Online banking or app
EQ Bank	$5,000 a day, $20,000 a week, $50,000 a month	Free	Fees and features page

Check bank means the bank’s own pages didn’t state the figure when we checked. bmo.com couldn’t be read, so check BMO’s app.

CIBC waives the $1.50 fee on its Smart Account and the CIBC Everyday Chequing Account, and for clients 65 and older on any CIBC chequing account. RBC’s free e-Transfers on chequing are capped at 999 a month per account, with $1.00 for each one over. If you pay a fee per transfer, compare no-fee chequing accounts or run our bank fee audit.

Receiving limits and Request Money

Limits apply on the receiving side too. Tangerine lets you receive up to $10,000 a day, $70,000 a week and $300,000 a month. Desjardins and EQ Bank each accept up to $25,000 per incoming transfer.

Request Money lets you ask someone to pay you. Simplii lets you request up to $10,000 and keep up to 200 requests open. Fees vary: CIBC charges $1.50 per request only when it’s paid, and TD charges the account that receives the money $0.50 or $1.00 unless the account is exempt. Interac notes your bank may charge for requests, so check before you rely on it for rent or shared bills.

How to raise your limit

Some banks let you adjust the limit; others don’t. If you hit a cap, you can split the payment over several days, use a bank draft for a large one-off, or ask the recipient whether a wire or direct deposit works.

• Scotiabank: in the app, go to More › Profile and settings › Manage transaction limits, pick the limit and use the slider. For more than it offers, call 1-800-472-6842 or visit a branch.
• RBC: everyone can send up to $10,000 a day in the app after verifying their identity, and RBC says the limit can’t be raised or lowered.
• Tangerine: says its limits are set by Interac and it can’t change them.
• TD: your daily, weekly and monthly maximums show in EasyWeb under Fees and Limits.

Cancelling an e-Transfer

Interac is clear that you can’t cancel a transfer once the recipient deposits it, and with Autodeposit that can happen within moments. If it hasn’t been deposited, your bank can usually stop it.

Scams to watch for

The Canadian Anti-Fraud Centre says e-transfers are now a common payment method for fraudsters. Criminals ask for them in rental, merchandise, service and romance fraud, and in fake crypto investments.

• Fake payment notices: if you’re selling something, you may get an email that looks like an e-Transfer and says the payment is pending until you ship. No money is waiting.
• Money mule jobs: a so-called employer sends you e-transfers and asks you to forward the money. You may be moving stolen funds.
• Phishing links: Interac says if a notification is unexpected or from someone you don’t know, don’t click. Confirm with the sender another way.
• Easy security answers: if you don’t use Autodeposit, pick an answer nobody could guess and send it through a different channel than the transfer.