Holding funds is a routine precaution taken by all financial institutions in anticipation of returned cheques. At your Caisse populaire, 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 populaire that enables you to cash cheques without having a hold placed on the funds. This amount is set when the account is opened*.
| Items in U.S. dollars drawn on: | Holding time |
| U.S. financial institutions | Approximately 21 days |
| Canadian financial institutions outside Ontario | Approximately 10 days |
| Canadian financial institutions in Ontario | Approximately 7 days |
Limits applicable to ATMs, direct payments and inter-Caisses are interdependent. These three limits can be subject to review by your Caisse populaire, to be increased or decreased, according to your activities or needs.
Certain inter-Caisses transactions (i.e. in a Caisse populaire 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 populaire 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 populaire can change this amount, which can be anywhere between $0 and $2,500.
The ATM limit is the maximum amount that can be withdrawn from ATMs in any one day.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 populaire 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 the one associated with the Caisses populaires members of L’Alliance des caisses populaires de l’Ontario ltée in Canada) |
|
$500 or the limit of the ATM used, whichever is lower |
| Plus network (ATMs outside Canada) |
|
C$500 or the limit of the ATM used, whichever is lower |
| 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 | You can transfer money up to your daily money transfer limit every day. |
| Bill payment | No limit on the amount paid or number of payment transactions |
The direct payment limit is the maximum amount of purchases or purchases with withdrawals that can be made using direct payment (with a Caisse populaire 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 populaire 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.
Your Caisse populaire 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.
| 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 |
| 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 |
* The Caisse populaire will analyze your situation and grant you an authorized transfer amount and ATM block that meets your needs.
** The amount is held at the value of the item converted in Canadian dollars if the folio is in Canadian dollars.
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