E-Transfer limits for domain investors (2.Viewing)

The above limits are the typical limits you see from most banks when sending e-transfers.

I was able to find $5,000 per day from credit unions but that is about it.

So if I ever wanted to do bigger deals I would have to break the transfers up into 2-3 transfers over 2-3 financial institutions and that was a royal pain.

That has all changed for me once I signed up with Wealth Simple they allowed me to set my own limits and they have a slider where I can adjust it to a maximum of 150k per month.

Now it's useful for instant payments so when I buy a domain for over 5k I can do it in one transaction.

I think @theinvestor told me he got a higher limit than 5k from TD but I don't bank there so I was not able to secure that.

I'm finding e-transfers both in and out are the absolute best way to do commerce in the .ca space and I would recommend anyone that needs a higher limit to check into Wealth Simple.

I used 6k of my transfers and you can see that subtracted from my 150k monthly allowance so it works perfectly.

I made a domain purchase last month for 10k and was able to do it with one transfer as well.

All major banks are 10K max per day.