WHAT IS MONEY MOVER?
Move your money for free when you want. Money Mover lets you move your money between your Meridian account and your external bank accounts. Link your accounts digitally, or manually by downloading a form. Once setup, you can use this feature in Online Banking or via our Mobile App to transfer up to $10,000 per day.
WHY MONEY MOVER?
- Instant digital setup to link your other external bank accounts
- It’s always free to send money to your linked accounts
- Worry less about money limitations - send up to $10,000 per day
- Simply schedule future and recurring money transfers to your linked accounts and cancel them easily at anytime
HOW DO I SET UP MONEY MOVER DIGITALLY?
Sign into your Online Banking account here
Click “LINK MY OTHER BANK” within "TRANSFERS" to get started
Follow the instructions and start moving money to your newly linked account in 10 minutes
Money Mover and Interac e-Transfer are both great ways to move money although they have some key differences.
Best for moving larger sums of money between your different bank accounts
Transfer up to $10,000/day, $70,000/week, $250,000/month
Transactions are free and unlimited
Transfers take up to 3 business days to process
Best for sending money to friends and family
Transfer up to $3000/day, $10,000/week, $20,000/month
Transactions may have a fee
Transfers are instant, no delay
No – you must be the signing authority between both linked accounts in order to use Money Mover.
Nothing! It’s always free.
Up to 3 business days, and incoming transfers may be subject to an additional hold period.
There is no limit as long as they’re all Canadian Financial Institutions and you are the signing authority for all. Each Financial Institution will need to be linked separately.
The accounts must be single signing (included joint accounts), personal and Canadian. Any account that is dual signer, small business, commercial and/or from an International Financial Institution is not permitted.
$10,000 per day per linked account. For transactions over $10,000, please contact us directly at 1-(866)-592-2226.
By signing up digitally, it takes less than 10 minutes to complete and your accounts are linked instantly. The form can take up to 3 days to process. However, once your accounts have been linked, the same money limits and transaction time applies to both.
Not all Financial Institutions are eligible for digital signup. If you cannot find your chosen FI, we recommend you signing up for Money Mover manually by downloading the form.
These are three easy steps to setup Money Mover manually!
We will process your form within 3 business days and inform you once it’s linked through a secure message in your Online Banking account or by phone.
Yes, in Online Banking you can manage your existing linked accounts and delete them at any time.