How can I deposit USD into my wallet on CadRemit?
Sign in to your CadRemit account.
Tap Deposit.
Tap USD Wallet
Then initiate a transfer to the provided bank name, account number and name, and routing number.
You’ll receive a notification confirming your deposit.
How can I transfer USD from my wallet?
Sign into your CadRemit.
Tap Transfer
Tap USD Wallet
Choose the receiver's currency to USD
Add the amount you want to send.
Choose ACH as your transfer option.
Tap Continue to confirm the beneficiary's details.
Tap Send
Can I send USD to a Nigerian bank account?
No, you can only send USD to a USD account based in the United States.
Can I send USD to Canadian Banks?
No, you can only send USD to a USD account based in the United States.
Can I receive USD from family, friends, or my boss?
You can only receive USD deposits from self-payments, a family member with the same surname, or a registered business/company. And all deposits must come from USD accounts based in the United States.
How can I transfer USD to my CAD wallet?
USD wallet to CAD wallet transfers within the app are not supported at the moment.
How can I transfer USD to my Naira wallet?
USD wallet to Naira wallet transfer within the app is currently not supported.
How can I transfer USD to my Euro wallet?
USD wallet to Euro wallet transfer within the app is currently not supported.
How long does a USD transfer take?
USD transfers may take 24-48 business hours to reflect in the recipient account.
What information is required to send money to a bank in the USA?
You’ll need the recipient's account name, number, routing number and valid address.
What is the exchange rate for today?
Sign in to your app and tap Rate at the bottom of the screen. The current exchange rates will be displayed for you.
Can I transfer USD to a USD account?
Yes, you can transfer USD to another USD account. However, both USD accounts must be domiciled in the United States.
What are the supported deposits?
Self-payments directly from your bank account into your virtual account.
Payments from registered businesses for freelance work, services, or payroll.
Third-Party Payments from family members sharing your last name.
What’s the fee for creating a USD Virtual account?
You’ll have to pay $2 for virtual account creation.
How can I set up a USD virtual account?
Sign in to your CadRemit app
Tap Deposit
Tap USD
Choose your primary purpose, expected platform, and monthly amount, then tap Continue.
Choose the wallet to debit (USD, CAD, or NGN) and tap Request Account.
Then wait to receive the confirmation email in a few days.
Please note: A $2 account creation fee applies.
Creating a virtual account requires a valid international passport, NIN, or driver's license.
USD deposits are accepted only from self-deposits, family members with the same surname, and registered businesses/companies.
Transactions are only allowed with accounts domiciled in the USA.
Is my CadRemit USD account a checking account?
Ans: Please note that our USD account is a checking account. You can send and receive USD at all times.
Can I transfer USD to another USD account?
Please note that you can transfer USD to another USD account. However, both USD accounts must be domiciled in the United States.
Can I receive international wires from any country into my account?
Please note that your USD account is only eligible to receive ACH deposits or domestic wire transfers from accounts domiciled in the United States.
What are my USD account limits?
Please note that there is no limit on USD deposits. However, be aware that limits apply to outbound transfers:
:
Single limit: $9,000
Daily limit: $9,000
Weekly limit: $30,000
Monthly limit: $60,000