

10:14 am
April 21, 2022

Alexandra said
I just did a transfer out today of $25K as well. Tried twice that, but no go. It is possible, if you phone them they will do more but not sure. Don't want to spend and hour waiting for a reply. More tomorrow. One thing though, usually only takes one or two days to arrive at CIBC and they don't ever do a hold of funds with me.
I haven't tried it myself, but apparently if you also have a chequing account, it too has its own limit of $25,000. That would be $50,000 when combined with a transfer from the savings account.
11:13 am
February 7, 2019

12:12 pm
September 11, 2013

5:05 am
March 30, 2017

BK said
I was unable to do a transfer today out of my Tangerine savings account because it was over my daily transfer limit and when I called in, the Tangerine representative informed me that the daily transfer limit has been dropped again to only $15,000 per day. This small limit is totally unacceptable, especially with the wait times that you have to be on hold for to get them to withdraw a larger amount.
I am able to do a $25k scheduled transfer. Call Tang and ask why ur account is limited to $15k only.
6:31 am
November 8, 2018

7:34 am
February 7, 2019

8:52 am
August 10, 2018

cgouimet said
I seldom exceed $25k on any transfer only because my faith in the systems only goes so far. If anything goes wrong, I'd rather chase after $25k than say $100k.
I much prefer to have the flexibility to transfer as much as I want without having to call a CSA. Trying to contact one to transfer out when there is an emergency could be risky.
8:59 am
April 21, 2022

Alexandre said
I wonder how many people transferred $25K from Tangerine just to see if they can transfer $25K from Tangerine.
That could make Tangerine bankers unhappy. 🙂I plan to transfer $25K from Tangerine tomorrow, if limit is lower I'll share it here, too. Last week, my transfers were limited by $25K.
You could set up the transfer today for Monday, the next business day, without waiting to see what your transfer limit is tomorrow.
9:09 am
April 21, 2022

Bruford said
I much prefer to have the flexibility to transfer as much as I want without having to call a CSA. Trying to contact one to transfer out when there is an emergency could be risky.
Of all the accounts I have, Motive seems to have the highest limits:
"Me to Me Features:
Transfer to and from Motive account(s) with external bank account(s)
Personal accounts only (Savings or Chequing accounts only)
Link up to five 5 Canadian financial institutions
Outgoing limits of $150,000.00 per transaction (max $999,999.99 a rolling 24 hour window)
Incoming limits of $999,999.99 per transaction (a rolling 24 hour window)
Minimum limit of $10.00 per transaction
CANADIAN FINANCIAL INSTITUTIONS ONLY
CAD funds only
Business and US accounts excluded
*Transfers to external accounts can’t be completed through the Mobile App.
Note: Transfers to/from RRSP & TFSA accounts are not available."
An added benefit with Motive on pulls is that you can do a transfer on a weekend day and interest accumulation is effective immediately . Pushes on weekend occur immediately too, but the funds are unlikely to show up until Monday at the receiving bank.
There's another thread I noticed this morning suggesting Motive is upping their Savvy Savings interest rate to 3% on Monday. I'll be checking their website to verify if that is indeed true.
Please write your comments in the forum.