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.
- Everyday Banking
- Me to Me Transfers
Me-to-Me Money Transfer
I like when my banks talk to each other.
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.
New! Increased limits for Me-to-Me Transfers for your banking convenience.
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
Download form: Me to Me money transfer authorization form
NEW! Now you can conveniently set-up recurring and future dated Me-to-Me Money Transfers
Open an account in minutes.
Banking with Alterna is easy. Let's get you started!.
FAQs
How long will it take to get Me-to-Me Transfers set up on my account?
Can I set-up recurring or future dated Me-to-Me Money Transfers and Payments?
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?
Yes – the following limits apply:
| Sending | Receiving | |
| Transaction Limit | $50,000 | $100,000 |
| 7 Day Limit | $100,000 | $250,000 |
| 30 Day Limit | $250,000 | $500,000 |
Are there any holds on my money when transferring?
Incoming Me-to-Me Transfers are subject to a 5 business day hold.
Are there any accounts that are ineligible for the Me-to-Me Transfers?
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?
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 RRSP eSavings accounts.
When I transfer funds between Alterna Bank and Alterna Savings, the withdrawal and deposit is immediate with a hold?
M2M transfers between Alterna Bank and Alterna Savings are now real-time transfers and are subject to a 5 business day hold. Please give our Contact Centre a call if you need to have the hold adjusted
Why are my M2M limits different when I transfer between Alterna Savings and Alterna Bank unlike when I am transferring to another Financial Institution?
Please note that due to the real-time transfers between Alterna Bank and Alterna Savings, the Alterna Savings limits are being recognized. Please give our Contact Centre a call for assistance.
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