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.
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.
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
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 ...