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How to send money to Canada 🇨🇦

Guide to Sending Canadian Dollars (CAD) with Grey

Written by Ayomikun Irewunmi
Updated over 2 weeks ago

You can send Canadian Dollars (CAD) from your Grey account to bank accounts in Canada using bank transfers or Interac.

Supported Payment Method

  • Bank transfer: You can send CAD directly to any Canadian bank account, including personal or business accounts.

  • Interac: You can also send funds via Interac to all banks in Canada that support Interac, a real-time bank-to-bank transfer system widely used across the country.


    What You Need to Send Funds to Canada

  • Recipient's first name

  • Recipient's last name

  • Recipient address

  • Institution number (3-digit)

  • Transit number (5-digit transit number/branch code)

  • Account number (7-12 digits)

  • Beneficiary city

  • Post code

How to withdraw using Bank Transfer or Interac

  • Log in to your account.

  • Select your balance, which is funded

  • Click 'Send'. After this, select "Send via bank transfer" or "Interac"

    Note: The payout method will depend on the option you choose for sending the payment.

  • Click on 'Send to a new recipient.'

  • Search for 'Canada' and select "Canadian Dollar".

  • Select payout type "Bank transfer" and input the recipient bank details.

  • Click 'Continue'

  • Input the 'Amount' and click 'Continue.'

  • Input your two-factor authenticator code/PIN/Biometrics to complete the payout.

  • Bank Transfers: Typically completed within 1 business day (after the transfer is processed), with a fee of 2.50 CA$ per transaction.

  • Interac Transfers: Completed in real-time (almost instantly), with a fee of 3 CA$ per transaction.

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