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  2. Managing USD Funds

How is the Remitr USD Account better than my Canadian USD account?

Receiving and paying in USD through Remitr saves you time and saves you money, compared to using a USD account from a Canadian bank. Here are the key benefits:

  • Save money on receiving wires: Receiving wire transfers to your Remitr USD account will cost you only US$10, compared to US$15+ charged by banks.

  • Faster access to USD funds:  EFT or direct debit with USD accounts add 2+ days to processing times. Payments to your suppliers from your Remitr USD account get processed on the same day.

  • No Monthly Fees: If you’re using your Canadian USD bank account to receive wire transfers, you can easily replace it with the Remitr USD account and save the monthly account fees charged by your bank.