Me-to-Me Money Transfer

Moving money from one account to another should be easy and we agree. 

Available with your Alterna Bank account, Me-to-Me lets you link all your accounts from different financial institutions so you can transfer funds with ease.

What can you do?

  • Transfer funds into your account from another financial institution
  • Send money from your account to an account at another financial institution
  • Fund new accounts (created through Alterna Bank Online Banking) from external accounts if other financial institutions support it
  • NEW! Now you can conveniently set-up recurring and future dated Me-to-Me Money Transfers

Open your account online in minutes.
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How long will it take to get Me-to-Me Transfers set up on my account? Expand/Collapse

Once you submit your sign up form, it will take about 2 to 3 business days for the Me-to-Me link to be active.

Can I set-up recurring or future dated Me-to-Me Money Transfers and Payments? Expand/Collapse

Yes, now you can conveniently set-up recurring and future dated Me-to-Me Money Transfers. Recurring transfers can be made at regular intervals, such as once a day, once a week, once a month or once a year.

Are there any limits on the amount I can transfer? Expand/Collapse

Yes – the following limits apply:

Sending Receiving
Transaction Limit $25,000 $100,000
7 Day Limit $50,000 $250,000
30 Day Limit $125,000 $500,000

Are there any holds on my money when transferring? Expand/Collapse

Incoming Me-to-Me Transfers may be subject to a 5 business day hold.

Are there any accounts that are ineligible for the Me-to-Me Transfers? Expand/Collapse

The following accounts are ineligible for Me-to-Me Transfers:

  • US Dollar Accounts
  • Business and Community Accounts
  • Accounts that require multiple signatures for authorizing transactions

Are Me-to-Me Transfers an option for making contributions to the RRSP and TFSA eSavings Accounts? Expand/Collapse

Absolutely! Me-to-Me transfers are a fast and convenient way of making a contribution to your RRSP and TFSA eSavings account. However, outgoing Me-to-Me transfers are not available on the RRSP and TFSA eSavings accounts.