BMO Interac e-Transfer limits are $3,000 per transaction, $10,000 per day, and $30,000 per rolling 30-day period — the same standard limits set by Interac that apply across the Big Five banks. Free e-Transfers are included with the Plus Plan, Premium Plan, and Student Account. Performance Plan clients who exceed the 12-transaction monthly allowance pay $1.25 per e-Transfer.
E-Transfer Limits at a Glance
| Limit Type | Amount |
|---|---|
| Per transaction (outgoing) | $3,000 |
| Daily (outgoing) | $10,000 |
| 30-day rolling period (outgoing) | $30,000 |
| Per transaction (incoming) | No limit |
| Daily (incoming) | No limit |
E-Transfer Fees by Account
| Account | Outgoing e-Transfer Fee | Notes |
|---|---|---|
| Performance Plan | $1.25 after 12 transactions | First 12 transactions/month included |
| Plus Plan | $0 | Unlimited transactions included |
| Premium Plan | $0 | Unlimited transactions included |
| Student Account | $0 | Unlimited transactions included |
Performance Plan clients who send more than 12 total transactions per month — including e-Transfers — are charged $1.25 per additional transaction. A client sending 10+ e-Transfers per month on the Performance Plan would save money by upgrading to the Plus Plan at $15.95 (or free with $3,000 balance).
How BMO E-Transfers Work
Sending an E-Transfer
- Log in to BMO Online Banking or the BMO app
- Navigate to Transfers → Interac e-Transfer → Send
- Select the account to send from
- Enter the recipient’s email address or Canadian mobile number
- Enter the amount (up to $3,000)
- Set a security question and answer (unless the recipient has Autodeposit)
- Confirm and send
Receiving an E-Transfer
Incoming e-Transfers are delivered by email or SMS. With Autodeposit registered, funds are deposited automatically. Without Autodeposit, click the link in the notification, select your BMO account, answer the security question, and accept. Receiving is always free.
Autodeposit
Register through BMO Online Banking or the BMO app under Interac e-Transfer → Autodeposit. Link your email or phone number to your chosen BMO account. Once set up, senders who send to that email or phone number will have the funds deposited automatically — no action required on your end and no security question needed.
Requesting a Higher E-Transfer Limit
Call BMO at 1-877-225-5266 to discuss a limit increase. Business accounts and Premium Plan holders with strong account history are most likely to receive higher limits. For amounts that consistently exceed the $3,000 per-transaction limit, BMO wire transfer is the practical alternative.
| Alternative | Max Amount | Cost | Best For |
|---|---|---|---|
| Interac e-Transfer | $3,000/transaction | $0 (Plus/Premium) | Domestic transfers under $3,000 |
| BMO Online wire | ~$50,000/day | ~$25 domestic | Larger domestic transfers |
| Bank draft | Any amount | Free (Premium) / $7.50 | Guaranteed funds |