Personal Finance

What are limits for transfer IN money to Tangerine

  • Last Updated:
  • May 14th, 2019 2:28 pm
[OP]
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Feb 4, 2015
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Canada, Eh!!

What are limits for transfer IN money to Tangerine

Gonna contact Tangerine as well but sometimes answers vary between reps so wanted to hear real life experience.

If initiate a transfer online in Tangerine website to transfer money from RBC [or any bank] and into Tangerine is there a limit on transfer amount?

Presume there will be 5 day hold?

Amount around 70k CAD.
10 replies
Deal Addict
Jan 19, 2017
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georvu wrote: Gonna contact Tangerine as well but sometimes answers vary between reps so wanted to hear real life experience.

If initiate a transfer online in Tangerine website to transfer money from RBC [or any bank] and into Tangerine is there a limit on transfer amount?

Presume there will be 5 day hold?

Amount around 70k CAD.
There is no limit for transfer into Tangerine. Only limit for transfer out.
Deal Addict
Jan 19, 2017
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mack wrote: I thought it was about 300k. Highest I've pulled in was 50k from a linked Scotiabank account.
you can try it out and cancel it .
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Feb 19, 2010
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mack wrote: I thought it was about 300k. Highest I've pulled in was 50k from a linked Scotiabank account.
I've done $500K without any problem. I'm going with the idea that there is no limit on inbound money.
[OP]
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Feb 4, 2015
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Conquistador wrote: I've done $500K without any problem. I'm going with the idea that there is no limit on inbound money.
Do you remember what hold was placed? 5 business days?
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georvu wrote: Do you remember what hold was placed? 5 business days?
Yes, I believe that's what it was.
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Dec 25, 2017
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georvu wrote: Do you remember what hold was placed? 5 business days?
I have a transfer going to Tangerine from RBC. Put it in on the sixth, submitted for processing on the EFT network on the seventh, withdraw came out of my account this morning.

They told me five business days but the one that posted on May. 7 (yesterday) is on hold until the 17th. The transfer from TD (posted today) is on hold until the 21th, funds haven’t left the account but I’m guessing it will overnight. I should ask them but I’m not in a rush for the funds to be made available to me.

Edit: TD just withdraw my account when I just checked.... but they hold the damn funds for five business days after they receive the transfer or something..
[OP]
Deal Addict
Feb 4, 2015
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IEpicDestroyer wrote: I have a transfer going to Tangerine from RBC. Put it in on the sixth, submitted for processing on the EFT network on the seventh, withdraw came out of my account this morning.

They told me five business days but the one that posted on May. 7 (yesterday) is on hold until the 17th. The transfer from TD (posted today) is on hold until the 21th, funds haven’t left the account but I’m guessing it will overnight. I should ask them but I’m not in a rush for the funds to be made available to me.

Edit: TD just withdraw my account when I just checked.... but they hold the damn funds for five business days after they receive the transfer or something..
Thanks for details!!
Deal Addict
Dec 25, 2017
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georvu wrote: Thanks for details!!
I was a bit confused this afternoon on this again and decided to look this up. Seems that hold times over $1500 is eight business days, guess they are maxing up the hold times even it only took them three days max to complete the deposit. At least, this is the mandated regulations and it seems to be in line, down to the point where, since I’m a new client, they aren’t obligated to release any funds.
[OP]
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Feb 4, 2015
4962 posts
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Canada, Eh!!
Update: Did transfer last week and hold is 5 business days, i.e. funds available 5 business days after deposit into Tangerine.

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