Tangerine Transfer Limits and Large Transfers: 2025 Guide
Owned by Scotiabank, Tangerine is known for its no-fee banking and simple digital experience. But when it comes to sending large amounts of money internationally, Tangerine's may not be a good option.
That's because Tangerine doesn't offer international wire transfers. It doesn't have a SWIFT/BIC code, which means you can't send or receive money through standard global banking networks. And if you're trying to move a large sum abroad, that can be a dealbreaker.
In this guide, we'll cover everything you need to know about Tangerine's transfer limits within Canada, and since Tangerine doesn't support international wires, what your options are for sending high-value payments overseas.
We'll also cover some alternatives, like Wise and OFX, that make it easier (and often cheaper) to send large international transfers.
Quick summary: Tangerine transfer limits
Tangerine daily transfer limit: $3,000 CAD per day (sending via Interac e-Transfer)
Tangerine online transfer limit: Same as daily/weekly/monthly limits; all transfers are online only
Tangerine receiving limit: $10,000 CAD per day; up to $300,000 CAD per month (Interac e-Transfer)
Fees for high amount transfers: No fees for domestic Interac e-Transfers, regardless of the amount
Transfer speed: Ranging from instant to up to 30 minutes depending on the recipient's bank
Safety: Fully regulated and CDIC-insured as a subsidiary of Scotiabank
Tangerine large transfers pros | Tangerine large transfers cons |
|---|---|
✅ No fees for domestic Interac e-Transfers ✅ Fast transfers for domestic payments ✅ Simple online and app-based platform ✅ CDIC-insured and backed by Scotiabank | ❌ Doesn't support international transfers ❌ Low maximum transfer limits ❌ No SWIFT/BIC code for receiving international wire transfers |
While Tangerine can be a good choice for everyday domestic banking, it's not designed for large or international money transfers. There are fixed, non-adjustable limits for sending and receiving funds via Interac e-Transfer, and they don't support international money transfers.
If you need to send or receive large amounts globally, providers like Wise and OFX are convenient alternatives. They support international transfers with higher (or even unlimited) limits, access to better exchange rates, and transparent, low fees, making them a more suitable option for high-value international payments.
Can you send high value transfers with Tangerine?
If you're sending money within Canada, Tangerine offers Interac e-Transfers with set daily, weekly, and monthly limits. At the time of writing, the sending limits are:
$3,000 per day
$10,000 per week
$20,000 per month
These limits may be enough for everyday use or smaller transfers, but they could be restrictive if you're looking to move larger amounts domestically and bigger one-off expenses.
When it comes to international transfers, Tangerine doesn't currently support them at all. The bank doesn't have a SWIFT or BIC code, which are needed to make global wire transfers.
That means there's no option to send or receive money internationally through Tangerine, no matter the amount or destination.
If you're looking to transfer a large amount abroad, you'll need to consider other providers like Wise of OFX that offer international payments as a service.
Alternatives to Tangerine for international large transfers
If you need to send a transfer abroad, you'll need to look beyond Tangerine. Since Tangerine doesn't support international wire transfers, finding a reliable alternative with higher limits and reasonable fees is essential if you're moving a large sum.
In this section, we'll look at several providers that can help you send large international payments, including OFX, Wise,m and Currency, as well as banks, such as RBC and TD Bank.
To help you compare your options easily, we've put together a table showing each provider's international transfer limits, fees, exchange rates, methods, and global coverage.
Here's how they compare:
Providers | International transfer limits | Transfer methods | Transfer fees & exchange rates | Coverage |
|---|---|---|---|---|
Tangerine | Not supported | Interac e-Transfer (domestic only) | Free Interac e-Transfers (domestic only) | Canada only |
No maximum limit but bank limits may apply | Bank transfer (direct debit or EFT) | No fee over 10,000 CAD; 15 CAD under 10,000 CAD. Markup on the exchange rate | 170+ countries, 50+ currencies | |
No limit when sending CAD via bank transfer. Up to 1.5 million via wire transfer | Direct debit, online bill payment, debit/credit card, Interac e-transfer | Currency conversion starting from 0.48%%, Mid-market exchange rate | 140+ countries, 40+ currencies | |
No maximum limit stated | Bank transfer | €3 flat fee + ~0.53% exchange rate margin | 150+ countries, 20+ currencies | |
RBC | Up to 50,000 CAD/day using International Money Transfer | Wire transfer (branch only) | Starting at 45 CAD. Bank markup on the exchange rate | Almost any country in the world |
TD Bank | 6,500 CAD/transaction per 24 hours | Wire transfer, TD Global Transfer | Up to 25 CAD per transfer via TD Global Transfer; 50 CAD via wire transfer in branch. Markup on exchange rate | Over 150 countries and territories |
*Other limits may apply based on the transfer, receiving country, etc.
** Correct at time of writing 23rd April 2025
OFX
OFX supports international money transfers from over 170 countries in more than 50 currencies and is tailored for those looking to send large sums overseas.
The platform doesn't set a maximum transfer limit, though your own bank may impose one.
Transfers over 10,000 CAD are fee-free, and customers can benefit from 24/7 phone services with personal brokers and competitive exchange rate margins that may improve with higher volumes.
Best features for large transfers:
No maximum transfer limit
Fee-free transfers for amounts above 10,000 CAD
Rates that are often better than banks and 24/7 support for large transfers
Features | OFX international transfers: |
|---|---|
International transfer fees | No fee over 10,000 CAD; 15 CAD under |
Currency conversion | Markup on the exchange rate |
International transfer limits | No maximum limit |
Domestic transfer fees | 15 CAD for transfers under 10,000 CAD |
Domestic transfer limits | No maximum limit, but bank limits may apply |
Wise
Wise can be a good option for high-value international transfers from Canada thanks to its transparent pricing and access to the mid-market exchange rate.
You can send large transfers to 140+ countries with no hidden markups using a wide range of payment methods including bank transfers, credit/debit card, Interac e-Transfers, and more.
For wire transfers, limits can go up to 1.5 million CAD but there's no limit if you're sending CAD via bank transfer.
Best features for large transfers:
Mid-market exchange rate with low, transparent fees
No limit when sending CAD via bank transfer
Send fast, secure transfers to 140+ countries and hold 40+ currencies
Features | Wise international transfers: |
|---|---|
International transfer fees | Fees vary by currency and amount. Conversion fees starting from 0.48% |
Currency conversion | Currency conversion starting from 0.48%, Mid-market exchange rate for currency conversion. |
International transfer limits | No limit for CAD via bank transfer; up to 1.5M CAD via wire. More information: Wise transfer limits |
Domestic transfer fees | No fee if currency conversion is not involved. Fees vary depending on your chosen payment method |
Domestic transfer limits | No limit for CAD via bank transfer. |
CurrencyFair
CurrencyFair offers international transfers to over 150 countries in more than 20 currencies. There's no stated maximum transfer limit, so you're free to send high-value payments as needed, though your own bank may have daily restrictions.
With a flat €3 transfer fee and a competitive exchange rate margin, CurrencyFair can be a cost-effective choice for sending large sums overseas.
Best features for large transfers:
No maximum transfer cap set
Low, flat €3 fee per transfer
Supports over 150 countries and 20+ currencies
Features | CurrencyFair international transfers: |
|---|---|
International transfer fees | €3 flat fee per transfer |
Currency conversion | 0.53% markup on exchange |
International transfer limits | No stated maximum limit |
Domestic transfer fees | €3 flat fee per transfer |
Domestic transfer limits | No stated maximum limit |
Alternatives to Tangerine for receiving international large payments
Since Tangerine doesn't support incoming international wire transfers, personal customers and businesses that rely on receiving large payments from abroad will need to consider alternative providers. Providers like Wise, OFX, and CurrencyFair offer flexible ways to receive large international payments with transparent fees from multiple destinations around the world.
OFX: OFX's global money transfer service has no maximum transfer limits, making it suitable for receiving large international payments. While OFX doesn't charge transfer fees, third-party banks may deduct fees from your transfer before it reaches you. OFX also supports over 50 currencies, allowing you to receive payments worldwide.
Wise: Wise offers a multi-currency account that enables users to receive payments in 20 currencies, including CAD, USD, EUR, and GBP. For most currencies, there are no limits on the amount you can receive, and receiving domestic payments in CAD is free, but international SWIFT transfers may incur small fees. For example, receiving a USD wire transfer can cost around 6.11 USD USD.
Currencyfair: CurrencyFair offers an international account that makes it easy to receive payments from clients around the world.
You can collect funds in over 20 currencies, and thanks to CurrencyFair's network of local bank accounts, most international payments are processed like domestic transfers - making them faster and often cheaper. There's no stated maximum amount for incoming transfers, and payments in major currencies can arrive the same day.
Tangerine transfer limits
Tangerine offers domestic money transfers through Interac e-Transfer, which is available to clients with a Tangerine Chequing Account.
The service is free and convenient for everyday use, but there are set limits on how much you can send or receive that cannot be adjusted.
Transfer type | Daily limit | Weekly limit | Monthly limit |
|---|---|---|---|
Sending | $3,000 | $10,000 | $20,000 |
Receiving | $10,000 | $70,000 | $300,000 |
These limits apply to all Interac e-Transfer transactions, including those initiated through Tangerine's online banking platform or mobile app. It's also important to note that these limits are cumulative; for example, if you send multiple transfers in a day, the total amount sent cannot exceed the daily limit of $3,000.
For clients who need to send or receive amounts exceeding these limits, especially for international transactions, alternative financial service providers, like Wise, can offer higher transfer limits and additional services to accommodate larger transfers.
How long do large transfers take with Tangerine?
Since Tangerine only supports domestic transfers through Interac e-Transfer, transfers are generally fast but can vary depending on a few factors.
While most Interac e-Transfers are nearly instant, some may take up to 30 minutes depending on the recipient's bank or credit union.
How to send a large amount transfer with Tangerine
Tangerine supports domestic transfers through Interac e-Transfer, which is available via both online banking and the mobile app.
While this method is quick and easy for day-to-day transactions, it comes with sending limits: $3,000 per day, $10,000 per week, and $20,000 per month.
If you need to send more than these limits allow, you won't be able to do so with Tangerine, as the bank doesn't offer wire transfers or branch-based services for large-value payments.
Sending a large domestic transfer via Interac e-Transfer
You can send money through Interac e-Transfer by logging into your Tangerine account online or via the mobile app.
Log in to your Tangerine account (online or app).
Navigate to the "Move Money" section.
Select "Send Interac e-Transfer" as your transfer method.
Choose your recipient or enter the recipient's name, email address and mobile number if it's a new contact.
Input the transfer amount (within the limit) and a security question if needed.
Review the details and press send.
Information needed to send large amounts of money with Tangerine
Even though Tangerine only offers Interac e-Transfer for domestic use, you'll still need some basic details to complete a transfer.
Requirements will usually be the same regardless of the transfer amount, but always double-check if you're near your daily or monthly limits.
💡 Information needed to send large amounts |
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How to receive large transfers with Tangerine
Tangerine supports domestic transfers through Interac e-Transfer, which is available via both online banking and the mobile app. It's a quick and easy method for day-to-day transactions, but comes with receiving limits: $10,000 per day, $70,000 per week, and $300,000 per month.
Tangerine does not support international wire transfers and does not have a SWIFT or BIC code, meaning you can't receive international wire transfers into your Tangerine account.
To receive a domestic Interac e-Transfer into your Tangerine account, provide the sender with the following information:
Your full name
Your email address or mobile phone number registered with Tangerine
Ensure that your account is set up for Autodeposit to receive funds automatically
By setting up Autodeposit, any money sent to you via Interac e-Transfer is deposited into your account automatically, eliminating the need to answer a security question.
Please note that while receiving Interac e-Transfers is free, the sender may incur fees depending on their financial institution.
Tangerine business payments limits
Tangerine currently offers business savings accounts in both CAD and USD, but it doesn't provide business checking accounts or support for international money transfers. That means if you're a business owner looking to send or receive payments from abroad (or make high-volume transactions) you'll need to look elsewhere.
Business customers can still use Interac e-Transfer for domestic payments, but the same sending and receiving limits apply as they do for personal accounts. These limits may be restrictive for larger business transactions, especially if you're operating at scale or need to move funds more frequently.
For businesses with more complex payment needs, especially across borders, a provider with dedicated business transfer services may be a better fit.
Is it possible to increase Tangerine transfer limits?
Tangerine sets fixed Interac e-Transfer limits, which cannot be adjusted or increased: 3,000 CAD per day, 10,000 CAD per week, and 20,000 CAD per month for sending; and 10,000 CAD per day, 70,000 CAD per week, and 300,000 CAD per month for receiving.
If you need to transfer amounts exceeding these limits, you may need to consider alternative financial service providers that offer higher transfer limits or support for international transactions.
Tangerine high amount transfer fees
Tangerine offers free Interac e-Transfers for domestic transactions, regardless of the amount, provided they fall within the set sending limits. There are no additional fees or special offers for high-value transfers.
For international transactions, Tangerine doesn't support sending or receiving wire transfers and doesn't have a SWIFT/BIC code. Therefore, international transfers are not possible through Tangerine.
Is Tangerine safe for large amount transfers?
Tangerine is a subsidiary of Scotiabank and is a member of the Canada Deposit Insurance Corporation (CDIC), meaning that eligible deposits are insured up to 100,000 CAD.
The bank also employs robust security measures to protect customer information and transactions, including 2-step authentication.
Conclusion: Does Tangerine have transfer limits?
Yes, Tangerine does have transfer limits, and they're relatively low compared to other providers. Since Tangerine only supports domestic money transfers through Interac e-Transfer, sending and receiving limits are clearly set and can't be increased.
These limits may be suitable for everyday use, but they can be restrictive if you need to move larger amounts, especially for business or international purposes.
Tangerine doesn't support international wire transfers, and they don't have SWIFT or BIC code, which means Tangerine isn't an option if you're looking to send or receive money across borders.
If you need to send large transfers or international payments, you'll likely need to explore alternatives like Wise, OFX, or CurrencyFair providers that offer higher limits, wide range of supported currencies, and favorable exchange rates.