Can I create an account without a BVN?
Yes, you can create an account and transfer or deposit CAD without BVN verification. However, to get a virtual account assigned to you for Naira transactions, BVN verification is required.
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What information do I need to provide to create an account?
You will need to provide your email address, name, password, and PIN. Additional information may be required for full account verification.
Can I use my account statement as proof of funds?
CadRemit is not a bank, but you can download your statement of account from our platform and submit it to the institution you are dealing with. Accepting it as proof of funds depends on the requirements of the institution.
How long does it take to send money to a Canadian account via Interac e-transfer?
Interac e-transfers are typically processed within minutes. However, for some recipients, additional time may be required to deposit the money into their account, especially if a security answer is required. CadRemit provides a security answer for ...
How long does it take to send money to a Canadian account via EFT?
Bank to bank transfers, also known as EFT transfers, typically take 48 business hours to process. For quicker transactions, we recommend using the e-transfer option, which can be completed within minutes.
Can I receive CAD into my wallet from another person?
Currently third party CAD deposits are not allowed. If you want to receive money from someone, they would need to download the app, deposit funds into their own account, and then send money to you.