What is EQ Bank's Interac e-Transfer limit?

EQ Bank allows customers to send up to $3,000 per day via Interac e-Transfer. The 7-day rolling send limit is approximately $10,000. You can receive up to $25,000 per e-Transfer. All Interac e-Transfers at EQ Bank are free — there is no per-transfer fee for sending or receiving.

Are Interac e-Transfers free at EQ Bank?

Yes. EQ Bank does not charge any fee to send or receive Interac e-Transfers. This compares favourably to traditional banks that may charge $1.00–$1.50 per e-Transfer on basic account plans. Unlimited free e-Transfers are a standard feature of all EQ Bank accounts.

Can I increase my EQ Bank e-Transfer limit?

EQ Bank's standard daily e-Transfer limit is $3,000. Limit increases may be available by contacting EQ Bank at 1-844-596-2273. Alternatively, for amounts larger than $3,000/day, you can use EFT (Electronic Funds Transfer) bank-to-bank transfers, which EQ Bank also offers free of charge and with higher limits.

How long does an EQ Bank e-Transfer take?

Interac e-Transfers sent from EQ Bank are typically delivered within minutes when the recipient's bank is registered for Autodeposit. Without Autodeposit, the recipient must accept the transfer using a security question answer, which may take up to 30 minutes to several hours. The funds must be accepted within 30 days.

Does EQ Bank support Interac e-Transfer Autodeposit?

Yes. EQ Bank supports Interac e-Transfer Autodeposit, allowing incoming transfers to be deposited automatically without a security question. You can set up Autodeposit in the EQ Bank app by linking your email address. This speeds up receiving transfers and reduces the risk of expired transfers.

EQ Bank e-Transfer Limit 2026 — Daily Send Limits and Free e-Transfers

EQ Bank’s Interac e-Transfer daily send limit is $3,000 and the 7-day rolling limit is approximately $10,000. All e-Transfers are free. You can receive up to $25,000 per transfer. EQ Bank also supports EFT (electronic fund transfer) for larger amounts — with no fee and higher limits than Interac.

Quick answer: EQ Bank e-Transfer daily: $3,000. 7-day: ~$10,000. Receive per transfer: $25,000. Fee: $0 (free). Need to send more? EFT supports larger amounts.

EQ Bank e-Transfer Limits 2026

Limit Type	Amount	Fee
Daily send limit	$3,000	Free
7-day rolling limit	~$10,000	Free
Maximum per transfer	$3,000	Free
Receive per transfer	$25,000	Free
EFT bank-to-bank (send)	Higher limits	Free

e-Transfer vs. EFT at EQ Bank

EQ Bank offers two ways to send money to other accounts:

Feature	Interac e-Transfer	EFT Bank Transfer
Daily limit	$3,000	Higher (typically $10,000+)
Speed	Minutes (Autodeposit)	1–3 business days
Fee	Free	Free
Recipient needs	Email/phone	Bank account + routing numbers
Best for	Individuals	Paying bills, moving large amounts

EQ Bank’s EFT capability is a meaningful advantage over Simplii and Tangerine for customers who regularly need to move more than $3,000 at a time — rental income deposits, large purchases, or moving money between banks.

How to Send an EQ Bank e-Transfer

Via the EQ Bank app:

Open the EQ Bank app and log in
Tap Send Money → Interac e-Transfer
Select your EQ Bank Personal Account as the source
Choose a saved contact or add a new one (email or Canadian mobile)
Enter the amount (up to $3,000)
Add a message (optional)
If recipient has Autodeposit: done automatically
If no Autodeposit: set a security question and answer the recipient will know
Review and tap Send

The debit from your account is immediate. Autodeposit recipients receive funds within minutes. Non-Autodeposit recipients have 30 days to accept before the transfer expires and returns.

Setting Up Autodeposit at EQ Bank

Autodeposit lets incoming e-Transfers go directly into your EQ Bank account without requiring you to accept each one manually.

How to enable:

Open the EQ Bank app → Settings → Interac e-Transfer → Autodeposit
Register your email address or Canadian mobile number
Confirm with the verification code sent to that contact
Choose your EQ Bank Personal Account as the deposit destination

Once active, any e-Transfer to your registered email/phone arrives automatically — no action needed.

How the 7-Day Rolling Limit Works

The $10,000 7-day limit is a sliding window, not a weekly calendar reset. It looks at the previous 7 calendar days of outgoing transfers. If you sent $3,000 on Monday, Tuesday, and Thursday of last week, your rolling 7-day total is $9,000 — and you’d be limited to ~$1,000 until Monday’s transfer falls out of the window.

Strategy for large payments: If you need to send $6,000 to someone (e.g., first + last month rent), send $3,000 one day and $3,000 the next day. Use EFT for even larger single transfers that can wait 1–3 business days.

EQ Bank vs. Other No-Fee Banks: e-Transfer Comparison

Bank	Daily Limit	7-Day Limit	Cost	Autodeposit	Large transfers
EQ Bank	$3,000	~$10,000	Free	Yes	EFT (free, 1–3 days)
Tangerine	$3,000	~$10,000	Free	Yes	EFT (limited)
Simplii	$3,000	~$10,000	Free	Yes	External transfer
BMO (Performance)	$3,000	$10,000	Free	Yes	Wire ($15–25 fee)
Scotiabank (Basic)	$3,000	~$10,000	$1.50 each	Yes	Wire (fee)

For everyday amounts under $3,000, all the no-fee banks are equivalent. EQ Bank’s free EFT option gives it an edge for higher-value transfers.

Practical Scenarios

Freelance invoice payment: Client pays via e-Transfer to your registered Autodeposit email — funds arrive in your EQ Bank account automatically, no action needed.

Splitting rent: Roommate owes $1,800/month. Set up a recurring e-Transfer from their bank to your EQ Bank Autodeposit email.

Moving money between banks: Use EFT to transfer $15,000 from your Big 5 bank to EQ Bank — link your external bank account in the EQ Bank app, initiate the transfer, and it arrives in 1–3 business days.

Tips

Enable Autodeposit — eliminate the need to manually accept every incoming transfer
Use EFT for amounts over $3,000 — EQ Bank’s free EFT handles larger moves
Set up recurring transfers in the app for regular payees (landlord, family, savings goals)
Monitor the 7-day rolling limit if you’ve been sending frequently — check in the app before initiating a large send

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