Tangerine Transfer Out Limits? | Page 2 | Tangerine Bank | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

No permission to create posts
sp_Feed Topic RSS sp_TopicIcon
Tangerine Transfer Out Limits?
July 11, 2022
10:14 am
JohnnyCash
Member
Members
Forum Posts: 257
Member Since:
April 21, 2022
sp_UserOfflineSmall Offline

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.

July 11, 2022
11:13 am
cgouimet
Member
Members
Forum Posts: 1481
Member Since:
February 7, 2019
sp_UserOfflineSmall Offline

Bill said
We have 4 savings accounts there so can get at $100k per day.  

Is the limit per account or per client?

CGO
July 11, 2022
12:12 pm
Bill
Member
Members
Forum Posts: 3958
Member Since:
September 11, 2013
sp_UserOfflineSmall Offline

Per account. So just transfer from one account to another as you need, instantaneous, then you can transfer out from each.

July 11, 2022
7:06 pm
Loonie
Member
Members
Forum Posts: 9292
Member Since:
October 21, 2013
sp_UserOfflineSmall Offline

I did something similar at motusbank recently. I moved money from single owner account to joint account in order to double the transfer limit.

July 16, 2022
5:05 am
savemoresaveoften
Member
Members
Forum Posts: 2925
Member Since:
March 30, 2017
sp_UserOfflineSmall Offline

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.

July 16, 2022
6:31 am
Alexandre
Member
Members
Forum Posts: 1151
Member Since:
November 8, 2018
sp_UserOfflineSmall Offline

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.

July 16, 2022
7:34 am
cgouimet
Member
Members
Forum Posts: 1481
Member Since:
February 7, 2019
sp_UserOfflineSmall Offline

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.

CGO
July 16, 2022
8:52 am
Bruford
Member
Banned
Forum Posts: 229
Member Since:
August 10, 2018
sp_UserOfflineSmall Offline

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.

July 16, 2022
8:59 am
JohnnyCash
Member
Members
Forum Posts: 257
Member Since:
April 21, 2022
sp_UserOfflineSmall Offline

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.

July 16, 2022
9:09 am
JohnnyCash
Member
Members
Forum Posts: 257
Member Since:
April 21, 2022
sp_UserOfflineSmall Offline

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.

July 16, 2022
9:17 am
cgouimet
Member
Members
Forum Posts: 1481
Member Since:
February 7, 2019
sp_UserOfflineSmall Offline

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.  

I don't call. I just transfer from our indidual and joint accounts. So, potentially 75/day.

CGO
July 15, 2023
12:34 pm
blahuenga
Member
Members
Forum Posts: 36
Member Since:
November 30, 2018
sp_UserOfflineSmall Offline

Or you could just link your account in EQ bank and transfer everything in one go from EQ side.

No permission to create posts

Please write your comments in the forum.