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Daily limit, holding funds and authorized transit

Holding funds and authorized transit

Holding funds is a routine precaution taken by all financial institutions in anticipation of returned cheques. At Desjardins, funds are generally held for 5 to 7 business days if you deposit a cheque at the counter or ATM or if you make an inter-institution transfer through AccèsD Internet.

This procedure applies to any type of cheque, personal or otherwise, as well as to ATM cash deposits (for verification purposes).

Authorized transit is an amount determined by the caisse that enables you to cash cheques without having a hold placed on the funds. This amount is set when the account is opened¹.

Holds on items in U.S. currency²

Items in U.S. dollars drawn on:	Holding time
U.S. financial institutions	Approximately 28 days
Canadian financial institutions outside Quebec	Approximately 14 days
Canadian financial institutions in Quebec	Approximately 7 days

Daily limit

Limits applicable to ATMs, direct payments and inter-Caisses are interdependent. These 3 limits can be subject to review by your caisse, to be increased or decreased, according to your activities or needs.

Inter-Caisses transactions

Certain inter-Caisses transactions (i.e. in a caisse other than the one where you opened your account) are subject to a limit. The inter-Caisses limit represents the maximum number of withdrawals that may be made at a caisse counter in inter-Caisses mode in a single day.

The limit for inter-Caisses counter withdrawals (including deposits with withdrawals and manual transfers) allocated by default to your folio is usually $1,000 per day. Note, however, that your caisse can change this amount, which can be anywhere between $0 and $2,500.

ATM withdrawals

The ATM limit is the maximum amount that can be withdrawn from ATMs in any one day.

The ATM withdrawal limit allocated by default to your folio is usually C$1,000 per day. Note, however, that your caisse can change this amount, which can be anywhere between $0 and $2,500.

Type of ATM	Daily maximum	Maximum per transaction
Desjardins ATM	Limit allocated to your folio (between $0 and $2,500)	$500
Interac network (ATMs other than Desjardins, in Canada)	$300 if the AMT withdrawal limit allocated to your folio is $1,000 or less If the limit allocated to your folio is greater than $1,000, that limit applies	$500 or the limit of the ATM used, whichever is lower
Plus network (ATMs outside Canada)	C$500 if the limit attributed to your folio is C$1,000 or less If the limit allocated to your folio is greater than C$1,000, that limit applies	C$500 or the limit of the ATM used, whichever is lower

Bill payments and transfers at ATMs

Type of transaction at ATMs	Daily limit
Transfer between your folios	No limit on the amount transferred or number of transfers
Person-to-person transfers	If the source account is a folio, the daily limit is the inter-Caisses transaction limit If the source account is a Desjardins VISA card, the daily limit is $1,000 per 24-hour period
Bill payment	No limit on the amount paid or number of payment transactions

Direct payment

The direct payment limit is the maximum amount of purchases or purchases with withdrawals that can be made using direct payment (with a Desjardins debit card) in any one day.

The direct payment limit allocated by default to your folio is usually $1,000 per day. Note, however, that your caisse can change this amount, which can be anywhere between $0 and the folio's available balance.

There is no limit on the number of transactions that can be made.

Desjardins Access Cards can be used to make purchases from merchants in the United States (although, unlike in Canada, Regular Savings Accounts cannot be used for direct payment). This service is offered at U.S. merchants displaying the NYCE logo.

Receipts from debit transactions made in the United States show the amount in U.S. dollars, but the sum debited to the account is the equivalent in Canadian dollars at the time of the transaction.

AccèsD transactions

Type of AccèsD transaction	Daily limit
Transfer within your folios	No limit on the amount transferred or number of transfers
Person-to-person transfer	If the source account is a folio, the daily limit is the inter-Caisses transaction limit If the source account is a VISA Desjardins card, the daily limit is $1,000 per 24-hour period
Bill payment	No limit on the amount paid or number of payments
Inter-institution transfer	No limit on the amount transferred or number of transfers

1. The caisse will analyze your situation and grant you an authorized transfer amount and ATM block that meets your needs.
2. The amount is held at the value of the item converted in Canadian dollars if the folio is in Canadian dollars.