For Tangerine clients, the maximum amount you can send via Interac e-Transfer is $3,000 daily, $10,000 weekly, and $20,000 monthly.
Understanding Tangerine Interac e-Transfer Limits
Tangerine provides specific limits for sending and receiving money through Interac e-Transfer, a popular method for Canadian bank transfers. These limits are designed to ensure security and manage transactions efficiently. When considering the "maximum amount you can transfer," it's important to differentiate between sending funds out from your account and receiving funds into your account.
Sending Money with Tangerine Interac e-Transfer
When you initiate an Interac e-Transfer to send money from your Tangerine account, there are set limits that apply over different periods. These limits help manage daily transaction volumes and maintain security.
Here are the maximum amounts you can send:
| Period | Maximum Sending Limit |
|---|---|
| Daily | $3,000 |
| Weekly | $10,000 |
| Monthly | $20,000 |
- Daily Limit: This refers to the total amount you can send within a 24-hour rolling period. For example, if you send $1,500 at 10 AM on Monday, you can send another $1,500 before 10 AM on Tuesday.
- Weekly Limit: This limit applies to the total amount sent over a 7-day rolling period.
- Monthly Limit: This covers the total amount sent within a 30-day rolling period.
These limits are cumulative, meaning that any e-Transfers you send contribute to your daily, weekly, and monthly totals.
Receiving Money via Tangerine Interac e-Transfer
Tangerine also has limits on the amounts you can receive through Interac e-Transfer. These limits are typically higher than sending limits, accommodating larger incoming transfers.
Here are the maximum amounts you can receive:
| Period | Maximum Receiving Limit |
|---|---|
| Daily | $10,000 |
| Weekly | $70,000 |
| Monthly | $300,000 |
Similar to sending limits, these receiving limits are based on rolling periods, ensuring that the total amount received within each timeframe does not exceed the specified maximums.
Important Considerations
- Service Specific: These limits apply specifically to the Interac e-Transfer service. Other types of transfers, such as wire transfers or bill payments, may have different limits or no limits at all.
- Security Measures: Financial institutions implement these limits as part of their security protocols to protect account holders from potential fraud and unauthorized transactions.
- Checking Your Limits: For the most current and detailed information on your specific e-Transfer limits or any other transaction limits, it is always recommended to refer to Tangerine's official resources or log into your online banking. You can find more information on their official website, such as their Interac e-Transfer FAQ page.
