Once you have your CAD account details, you’ll have your own account number where you can receive Canadian dollars.
This isn’t a traditional bank account, but you can receive money in the same way by sharing the details with friends, family, clients or companies, so that they can send you money.
They can pay you locally from their Canadian bank, or internationally by Swift. Once you receive the money, it’ll be credited to your CAD balance.
Opening new account details
You’ll first need to open a CAD balance. Then you select Get your account details and follow the steps.
We’ll need to verify you before we can provide details to you.
Checking your account details
To see your details once you’ve got them, on the app or web:
Go on your CAD balance
Select the account details button just under the currency
You can view and copy your local account details to share with others
If you want to get paid internationally by Swift — toggle Global ・ Swift at the top
You can also request payments from your sender.
How your CAD account details work
Here are some general details about your account details.
| Local payments | Global payments | |
|---|---|---|
| You can receive | Bank transfers in CAD from Canada | Swift |
| You can't receive | Domestic wires or Online bill transfers (OBT)* and Interac to business accounts | Swift in currencies other than CAD |
| Receiving fees | None | None |
| Receiving limits | None | None |
| Receiving speed | Up to 3 working days | Up to 5 working days |
*These payments will be automatically returned, with 25 CAD deducted to cover return processing fees
Payments from inside Canada
Share your local CAD details with the person who wants to pay you.
You can receive EFT credits, also known as direct deposits, or with Interac Autodeposit. Most people making personal transfers in Canada use Interac, so they may not be familiar with sending EFT credits. They may need to reach out to their bank for help.
Payments from outside Canada
Payments by Swift to CAD details
Share your global Swift account details with the person who wants to pay you. They can send Swift payments to your account from anywhere in the world. Keep in mind that It’s faster and cheaper to send to local details.
They should only send you CAD to these account details, because we can't process international payments in any other currency.
There’s a 10 CAD fee to receive CAD by Swift deducted from the final amount. So if someone sends you 1000 CAD, we’ll credit 990 CAD to your account. Check our pricing page for the latest fees. Some correspondent banks might also apply their own fees.
Your sender might ask you for an institution number, transit number, or routing number. Our partner bank doesn’t use these, so ask your sender to pay through a different bank that doesn’t need these details, or check if their bank can make the payment with the Swift/BIC code and account number.
Payments by Swift to GBP details
You can also receive CAD from outside Canada by Swift into your GBP global account details.
Let the sender know that you want to receive in CAD into your GBP details so you can avoid conversion fees. Some banks might recognise the GBP IBAN and want to convert CAD to GBP, but this isn't necessary.
If their bank asks them the country of the recipient’s (your) bank, tell them to select the United Kingdom.
Learn more about using your GBP account details to receive Swift payments