Alterna Bank provides various transfer services with specific limits to ensure secure and efficient transactions. Understanding these limits is essential for customers to manage their financial activities effectively.
Me-to-Me Transfers
Me-to-Me Transfers allow customers to transfer funds between their own accounts at different financial institutions. The limits for these transfers are:
- Transaction Limit: $25,000 per transaction
- 7-Day Limit: $50,000
- 30-Day Limit: $125,000
These limits apply to the sending (outgoing) of funds. For receiving (incoming) funds, the limits are higher, with a $100,000 transaction limit, $250,000 7-day limit, and $500,000 30-day limit.
External Account Transfers
External Account Transfers enable customers to send funds to or receive funds from accounts at other financial institutions. The limits for these transfers are:
- Transaction Limit: $50,000 per transaction
- 7-Day Limit: $100,000
- 30-Day Limit: $250,000
These limits apply to both sending and receiving funds. Customers should ensure that they adhere to these limits to avoid any issues with their transactions.
Interac e-Transfer Limits
Interac e-Transfers are a popular method for sending money quickly and securely. The limits for sending Interac e-Transfers are:
- Per Transaction: $3,000
- Per Week: $10,000
- Per 30 Days: $20,000
These limits are designed to provide flexibility while maintaining security for customers.
Wire Transfers
Wire Transfers allow customers to send funds quickly and securely across the country or internationally. The specific limits for wire transfers are not publicly disclosed. Customers interested in sending a wire transfer should contact Alterna Bank directly to discuss the best available options and any applicable limits.