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Payments & Transfers
Interac e-Transfer Limits - Business
| Maximums | Outgoing (Sending) | Incoming (Receiving) |
|---|---|---|
| Amount per transfer | $10,000 | $10,000 |
| Amount per day | $20,000 | $20,000 |
| Amount per 7 days | $50,000 | $140,000 |
| Amount per 30 days | $100,000 | $600,000 |
| Amount per request | $3,000 | $3,000 |
| Instant Transfers | |
|---|---|
| Max. amount per Instant Transfer | $500 |
| 24-hour rolling limit for Instant Transfers | $500 |
| Max. amount per Instant Transfer with history | $5,000 |
Please note that there is a 30-minute cool-down period before the eTransfer is sent if it is over the limits for instant eTransfers.
Last updated November 5, 2024
Linking Accounts in Digital Banking
Interac e-Transfer Limits - Business
| Maximums | Outgoing (Sending) | Incoming (Receiving) |
|---|---|---|
| Amount per transfer | $10,000 | $10,000 |
| Amount per day | $20,000 | $20,000 |
| Amount per 7 days | $50,000 | $140,000 |
| Amount per 30 days | $100,000 | $600,000 |
| Amount per request | $3,000 | $3,000 |
| Instant Transfers | |
|---|---|
| Max. amount per Instant Transfer | $500 |
| 24-hour rolling limit for Instant Transfers | $500 |
| Max. amount per Instant Transfer with history | $5,000 |
Please note that there is a 30-minute cool-down period before the eTransfer is sent if it is over the limits for instant eTransfers.
Last updated November 5, 2024
Please note that switching profiles can only be done after consolidating your profiles.
How to switch profiles on desktop
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Sign in to your online banking. From the home page, select your Profile
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Select the profile you would like to switch to
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Confirm that you would like to switch profiles, and select ‘Switch profiles’
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Success! You have switched profiles.
How to switch profiles on mobile
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Sign in to your 1st Choice mobile app. From the home page, select 'More'
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Select 'Profile'
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Select 'Switch profile'
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Select the profile you would like to switch to
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Confirm that you would like to switch profiles, and select 'Switch profile'
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Success! You have switched profiles.
Last updated June 13, 2024
Managing Authorized Users in Digital Banking
Interac e-Transfer Limits - Business
| Maximums | Outgoing (Sending) | Incoming (Receiving) |
|---|---|---|
| Amount per transfer | $10,000 | $10,000 |
| Amount per day | $20,000 | $20,000 |
| Amount per 7 days | $50,000 | $140,000 |
| Amount per 30 days | $100,000 | $600,000 |
| Amount per request | $3,000 | $3,000 |
| Instant Transfers | |
|---|---|
| Max. amount per Instant Transfer | $500 |
| 24-hour rolling limit for Instant Transfers | $500 |
| Max. amount per Instant Transfer with history | $5,000 |
Please note that there is a 30-minute cool-down period before the eTransfer is sent if it is over the limits for instant eTransfers.
Last updated November 5, 2024
Basics
Business accounts
Statements & balances
Payments & transfers
Cheques
Deposits
Business debit cards
Business credit cards
Digital banking for business
Understanding account delegates
Removing delegates
Quickbooks
Sending money internationally
CRA tax payments
Cash and cheque deposits
Business guidance
Safety checklist for businesses
Updating your business information
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