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.