Is CadRemit a bank?

Is CadRemit a bank?

CadRemit operates as a financial technology company and not as a bank. Our banking services are provided in partnership with licensed banking institutions.

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    • Is Cadremit safe?

      Cadremit is authorized, and regulated by the Financial Transactions and Report Analysis Centre of Canada (FINTRAC) to provide foreign exchange and money transfer services as a Money Service Business. Registration number: M23483684.

    • Can CadRemit be used for bill payment?

      Currently, CadRemit’s services are limited to cross-border transfers and tuition payments. Bill payment services are not available at this time.

    • Who is Eligible to Register on the CadRemit App?

      User has to be 18 and above to complete the verification process.

    • What are the daily and Monthly limits for Naira transactions?

      Here are the transaction limits for Naira transactions on CadRemit: Daily Limits: - Depositing Naira into your CadRemit account: Unlimited - Sending Naira via bank transfer: NGN 5,000,000 Monthly Limits: - Naira Transfers: NGN 30,000,000 - Naira ...

    • What are the fees for Naira transactions?

      Here are the fees for different transactions involving Naira on CadRemit: - Depositing Naira into your CadRemit account: FREE - Transferring From your Naira wallet to Nigerian bank transfer: NGN 200