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  2. Funding your payments

What is the best way to fund my payments on Remitr?

If you are a Canadian company, you can fund your payments via any of the following methods. The pre-authorized debit is the most common method used, which allows you to make one-click payments that are directly funded from your bank account.

If you are incorporated outside Canada, you can fund your payments via Global Business Account only.

a) Fund your payments with pre-authorized debit:

If you have not linked your bank account during registration, just click on “Link Bank Account” on your Remitr dashboard.

If you have already linked your bank account, any payments you send through Remitr can be seamlessly funded from your bank account through direct debit. The amount you need to pay (including fees) will be automatically debited from your bank account when you initiate payment on Remitr.

b) Fund your payments with eTransfer:

After confirming the payment on Remitr, you will be shown instructions on how to send eTransfer to Remitr. The payment initiated by you will be processed after your eTransfer is received. Funds for your payment must be received by us within 1 hour of initiating payment.

c) Fund your payments with wire transfer / EFT:

After confirming the payment on Remitr, you will be shown instructions on how to send a wire transfer or EFT to Remitr. The payment initiated by you will be processed after your wire transfer is received. Funds for your payment must be received by us within 1 hour of initiating payment.

d) Fund your payments with Remitr Global Business Account (GBA):

If you are using Remitr GBA and have funds deposited into your GBA account, you can convert those funds to USD or CAD held in Canada, and initiate payments using those funds, instantly.

e) Instantly fund your payments through Remitr Balance:

For instant processing, Remitr enables you to send funds in advance into your Remitr Ledger (choose Add Funds in the Ledger screen). Funds available in your ledger will be utilized for the immediate processing of your payments. You can see your ledger balance on Remitr at any time.

Note: Payments are processed by Remitr only after we receive funds from your bank. Funds received by 2 pm are available for processing the same day else are likely to be processed the next day.