What is CIBC's daily e-Transfer limit?

CIBC's standard daily Interac e-Transfer sending limit is $3,000 for personal accounts. The 7-day rolling limit is $10,000. These match the Interac network standard. Confirm your specific limits in CIBC Online Banking or the CIBC Mobile Banking app, as limits may vary based on account history.

Are e-Transfers free at CIBC?

On CIBC Smart Account Tier 2 ($9.95/month, 25 transactions) and Tier 3 ($14.95 unlimited), e-Transfers are included in your plan and are effectively free. On Tier 1 ($4.95/month, 12 transactions), each e-Transfer counts as one of your 12 monthly transactions. Additional transactions cost $1.50 each over the plan limit. Receiving an e-Transfer is always free at CIBC.

How do I send an e-Transfer from CIBC?

Log in to CIBC Online Banking at cibc.com or open the CIBC Mobile Banking app. Navigate to 'Send Interac e-Transfer' from the Transfers menu. Select the sending account, add or choose the recipient's email or phone, enter the amount, set a security question if needed, and confirm. The funds are debited immediately.

What is CIBC's Autodeposit feature?

CIBC Autodeposit lets you automatically receive Interac e-Transfers without needing to manually accept or answer a security question. To set it up, log in to CIBC Online Banking, go to 'Interac e-Transfer Settings', select 'Autodeposit', and register your email or mobile number linked to a CIBC account.

What is the maximum e-Transfer I can receive at CIBC?

CIBC accounts can receive up to $25,000 per individual Interac e-Transfer. This is the Interac network maximum and applies at all Big 5 banks. There is no CIBC-specific receive limit below this threshold for standard personal accounts.

CIBC e-Transfer Limit 2026 — Daily Interac Limits and Autodeposit Setup

CIBC’s Interac e-Transfer daily limit is $3,000. The 7-day rolling limit is $10,000. You can receive up to $25,000 per transfer. e-Transfers are free on Smart Account Tier 2 and Tier 3. On Tier 1, e-Transfers count toward your 12 monthly transactions.

Quick answer: CIBC e-Transfer daily: $3,000. 7-day: $10,000. Receive per transfer: $25,000. Cost: free on Tier 2+; counts as transaction on Tier 1.

CIBC e-Transfer Limits 2026

Limit	Amount	Notes
Daily send limit	$3,000	Resets midnight ET
7-day rolling limit	$10,000	Rolling window
Maximum per transfer	$3,000	Interac standard
Maximum receive per transfer	$25,000	Interac network max

e-Transfer Cost by CIBC Account Type

Account	e-Transfer Cost
Smart Account Tier 1 ($4.95/month)	Counts as 1 of 12 monthly transactions
Smart Account Tier 2 ($9.95/month)	Free
Smart Account Tier 3 ($14.95/month)	Free
Smart Plus Account ($29.95/month)	Free
Student Account ($0/month)	Free
Youth Account ($0/month)	Free

If you’re on Tier 1 and use e-Transfers regularly, consider whether upgrading to Tier 2 ($5 more/month) is worthwhile — or whether switching to a no-fee bank (Simplii, Tangerine) with unlimited free e-Transfers makes more sense.

How to Send a CIBC Interac e-Transfer

Via the CIBC Mobile Banking app:

Open the CIBC Mobile Banking app and log in
Tap Send Money → Interac e-Transfer
Select your CIBC chequing account
Choose a contact or add a new recipient (email or Canadian mobile)
Enter the amount (max $3,000)
Add a message (optional)
If recipient has Autodeposit: done automatically — no security question
If no Autodeposit: set a security question and an answer the recipient knows
Review and tap Send

Via CIBC Online Banking (cibc.com): Log in → Transfers → Interac e-Transfer → same steps.

Funds debit immediately. Autodeposit recipients get funds within minutes. Non-Autodeposit recipients must accept within 30 days before the transfer expires.

Setting Up CIBC Autodeposit

Autodeposit makes incoming e-Transfers automatic — no accepting required, just instant deposit.

How to enable:

In the CIBC app → Send Money → Interac e-Transfer → Manage Autodeposit
Register your email address or Canadian mobile number
Verify with the confirmation code sent to that contact
Link to your CIBC chequing account

Once active, any e-Transfer sent to your registered email/phone goes directly into your account. You receive a push notification for each deposit.

The 7-Day Rolling Limit: How It Works in Practice

The $10,000 7-day limit looks at the last 7 calendar days of outgoing transfers. If you sent $3,000 Monday, $3,000 Wednesday, and $3,000 Friday, your rolling total is $9,000 — you have roughly $1,000 of remaining capacity until Monday’s transfer drops out of the window.

For payments over $3,000: Split over two consecutive days (day 1: $3,000, day 2: the balance), or use a CIBC wire transfer for a single large transfer (domestic wire fee: $15–$30).

CIBC vs. No-Fee Banks: e-Transfer Comparison

Bank	Daily Limit	Cost	Account Type
CIBC Tier 2+	$3,000	Free	$9.95–$14.95/month
CIBC Tier 1	$3,000	Counts as transaction	$4.95/month
Simplii	$3,000	Free	$0/month
Tangerine	$3,000	Free	$0/month
EQ Bank	$3,000	Free	$0/month

CIBC’s e-Transfer capability is equivalent to no-fee banks on Tier 2+. The difference is the monthly account fee and the full branch network CIBC provides.

Practical Scenarios

Rent via e-Transfer: Send $1,500/month to your landlord. Set up a recurring e-Transfer in the CIBC app — it goes out automatically on the same day each month.

Splitting a shared purchase: E-Transfer your roommate their share of a utility bill. If they have Autodeposit, it arrives immediately.

Freelance payment over $3,000: If a client owes $6,000, send $3,000 today and $3,000 tomorrow. Or issue an invoice and have the client send an EFT/wire directly to your account.

Written by WealthVieu

WealthVieu researches and writes data-driven personal finance guides using primary sources including the IRS, Bureau of Labor Statistics, Federal Reserve, and Census Bureau.

The content on Wealthvieu is for informational purposes only and should not be considered financial, tax, or investment advice. Consult a qualified professional before making financial decisions. Full disclaimer · Editorial policy