CIBC Lowers Interac E-Transfer Minimum Amount from $10 to $0.01
Interac e-Transfers® no longer require a minimum of $10 per transfer
Enjoy more flexibility when sending an Interac e-Transfer®. The minimum transfer amount has now been reduced from $10 to $0.01.
The limits for sending an Interac e-Transfer are as follows:
Each individual transfer must be for a minimum of $0.01 and a maximum of $3,000.
For any 24-hour period, a maximum of $3,000 may be sent
For any 7-day period, a maximum of $10,000 may be sent
For any 30-day period, a maximum of $30,000 may be sent
CIBC may use its discretion to block an Interac e-Transfer sent to a recipient if the total of all transfers received by the recipient would exceed $10,000 in any 1-day period, $70,000 in any 7-day period or $300,000 in any 30-day period. CIBC may change the limits for recipients, or establish additional limits without notice.