E-Transfer limits for domain investors (1.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.

I'm with Simplii and they said 3k daily was max

Meridian Credit Union 5k daily max

Maybe the sub banks are the lower ones but even on a daily bases 10k can be tight if you're using it for business purchases.

The 25k limit at wealth simple is the highest I have seen.

10K per day is typically for personal accounts.

I am sure you can have higher limits on business.