Daily limit, holding funds and authorized transit

Holding funds

At Desjardins, funds are generally held for 5 business days if you deposit a cheque at the counter, an ATM, through the mobile app (photo) 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).

Holds on items in U.S. currency1
Items in U.S. dollars drawn on: Holding time
U.S. financial institutions Approximately 15 days
Canadian financial institutions outside Quebec Approximately 10 days
Canadian financial institutions in Quebec Approximately 7 days

Authorized transit

Authorized transit is an amount determined by the caisse that enables you to cash cheques without having a hold placed on the funds2. This amount is set when the account is opened2.

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.

If you want to ask to have those limits changed, call one of the following numbers:

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 an intermediary caisse counter in a single day, without the intermediary caisse having your caisse’s authorization.

The limit is usually:

  • $5,000 per day for withdrawals made with a Desjardins Access Card and personal identification number (PIN)
  • $1,000 per day for withdrawals made without a Desjardins Access Card

Please note that, at all times, the intermediary caisse may ask you to provide valid IDs for identification purposes.

ATM withdrawals

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)

Plus network (ATMs outside Canada)

Limit allocated to your folio (between $0 and $2,500) $1,000 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
Money transfers
  • Transfers from a folio: money transfer limit
  • Transfers from a Desjardins credit card: $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 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.

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.
Money 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.

Cashing government cheques

In Quebec and in Ontario, there is no charge for the complete or partial cashing of a cheque or payment order issued by the federal government.

In Quebec only, there is no charge for the complete or partial cashing of a cheque or payment order issued by the Quebec government or a Quebec municipality.

1. The amount is held at the value of the item converted in Canadian dollars if the folio is in Canadian dollars.

2. The caisse will analyze your situation and grant you an authorized transfer amount and ATM block that meets your needs.