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.
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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 school fees payment take?
School fees payments are processed on the same day they are initiated; however, it's common for educational institutions to confirm receipt within 3-5 business days. To learn how to pay school fees, click here.
How long does the verification process take?
The KYC verification process is automated and typically takes between 3 to 5 minutes to complete, provided all instructions are followed correctly.
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.
What are the fees for CAD transactions?
Here are the fees for different transactions involving CAD on CadRemit: - Depositing CAD into your CadRemit account: Free - Sending CAD via Interac e-transfer: CAD 1.5 - Sending CAD via EFT: CAD 1.5 - Sending CAD to a school: CAD 1.5