Free e-Transfer account
Includes sends and receives without a transaction fee.
Learn more Canadian bank account comparison and education
Interac e-Transfer Fees and Limits
Interac e-Transfer fees and limits in Canada depend on your financial institution
Understand send fees, daily and monthly limits, Autodeposit, transfer cancellation and account-specific restrictions before moving money.
MoneyMatch provides education and comparison tools. Fees, rates, promotions and eligibility depend on the financial institution and current terms.
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Interac e-Transfer Fees and LimitsCompare smarter
Monthly costCompare
AccessCompare
FeaturesCompare
Check eligible deposit protection
Compare ongoing value
Free e-Transfers are common—but limits still matter
Many no-fee and online accounts include Interac e-Transfer at no charge, but the amount you can send or receive depends on your financial institution and account.
Compare monthly cost
Fees and conditions affect real value.
Compare access
Transfers, ATMs and branches matter.
Compare features
App, deposits and support can differ.
Check protection
Confirm eligible deposit coverage.
Quick answer
How much can you send by Interac e-Transfer?
There is no single universal consumer sending limit. Your bank or credit union sets account-specific transaction, daily, weekly and monthly limits.
Free e-Transfers are common—but limits still matter
Many no-fee and online accounts include Interac e-Transfer at no charge, but the amount you can send or receive depends on your financial institution and account.
CostKnow the ongoing fees.
AccessMatch branches, ATMs and digital service.
ProtectionCheck eligible deposit coverage.
Compare
Compare the main options
Different account structures fit different banking needs.
Traditional chequing
May include transfers within a monthly package.
Learn moreOnline bank
Often includes free Interac e-Transfer.
Learn moreHigh-limit account
Institution may offer larger transfer limits.
Learn moreWho it suits
When this account may—or may not—fit
May fit when
- You send rent or shared expenses by Interac regularly.
- You compare the institution’s actual transfer limits.
- You use Autodeposit for incoming funds.
- You understand cancellation and fraud rules.
Look more closely when
- You assume every bank has the same limits.
- You send money to someone you have not verified.
- You rely on e-Transfer for amounts above your daily limit.
- You ignore possible cancellation or service fees.
What to compare
Key factors that determine real account value
Look beyond the headline fee or promotion.
Send fee
Often free with modern chequing accounts, but not universal.
Transaction limit
Set by the financial institution.
Daily / weekly / monthly limits
Can differ by bank and customer.
Autodeposit
Lets incoming transfers deposit without a security question.
Cancellation
Rules and fees can differ for unaccepted transfers.
Fraud protection
Always verify the recipient before sending.
Ready to compare?
Compare bank accounts before you open one
Match monthly cost, access and features to how you actually bank.
Decision checklist
Interac e-Transfer checklist
Use the same questions for every account you shortlist.
Per-transfer limitKnow the maximum single send.
Daily limitImportant for rent or large payments.
Monthly limitCan matter for business-like activity.
FeeCheck whether your account includes sends for free.
How to choose
A practical comparison process
1. Check your bank’s current limit
Use your online banking or official fee schedule.
2. Confirm the recipient
Verify email or phone details.
3. Use Autodeposit where appropriate
Reduce reliance on security questions.
4. Track large-transfer needs
Plan around daily or weekly limits.
5. Review account alternatives
Frequent transfer users may benefit from a no-fee account.
Pros and cons
Benefits and trade-offs
Benefits
- Fast domestic money movement.
- Widely supported in Canada.
- Often free with chequing accounts.
- Autodeposit makes receiving convenient.
Trade-offs
- Limits vary by institution.
- Fraudulent sends can be difficult to reverse.
- Some accounts still charge fees.
- Large payments may require another transfer method.
How MoneyMatch compares bank accounts
Ongoing value matters more than a temporary promotion
We explain Interac e-Transfer using institution-specific fee and limit structures rather than presenting one universal transfer limit.
Total cost
We consider monthly fees, transaction charges and conditions.
Access and usability
We compare ATMs, branches, transfers and digital features.
Protection and fit
We consider eligible deposit protection and whether the account matches the intended user.
Author: Money Match Canada · Coverage: Canada · Updated September 6, 2026
Disclosure: MoneyMatch Canada may receive compensation from some financial institutions or partners. Compensation does not guarantee placement, account approval or a particular rate.
Frequently asked questions
Interac e-Transfer Fees and Limits: common questions
What is the Interac e-Transfer daily limit in Canada?
There is no single universal daily limit. Your financial institution sets its own per-transfer, daily, weekly and monthly limits.
Are Interac e-Transfers free?
Many Canadian chequing accounts include them for free, but fees depend on the account and institution.
Can I increase my Interac e-Transfer limit?
Some institutions may adjust limits for eligible customers, while others use fixed limits.
What is Autodeposit?
Autodeposit allows eligible incoming Interac e-Transfers to deposit automatically into your selected account without answering a security question.
Can I cancel an Interac e-Transfer?
An unaccepted transfer may be cancellable depending on the institution and transfer status. Autodeposited or already accepted transfers generally cannot simply be cancelled.
Compare before you open
Check your bank’s actual limits before relying on Interac for a large payment
Fees are often $0, but transfer capacity is still institution-specific.
MoneyMatch does not guarantee account approval, promotional rates, interest rates, bonuses or eligibility.