Who is Eligible to Register on the CadRemit App?
User has to be 18 and above to complete the verification process.
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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.
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.
What is Interac e-transfer?
Interac eTransfer is a widely used person-to-person (p2p) transfer service embraced by Canadian banks. Initiating a transfer requires only the recipient's email address. There are two primary pathways for money delivery: 1. Auto-deposit recipients: ...
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 ...