CADLOCAL BUSINESS ACCOUNT · CANADA
Your Canadian customer pays a local. You still own the money.
Transit, institution and account details issued in your business name, fed by EFT and wire. The statement below is one real working day on a CAD account, with conversion passed through at cost.
ACCOUNT HELD IN YOUR BUSINESS NAMELIVE
TRANSIT00021
INSTITUTION407
ACCOUNT NUMBER8821407
BALANCE, CADCAD 650,000.00HELD IN YOUR NAME. NOTHING CONVERTS WITHOUT YOUR INSTRUCTION.
TIMEMOVEMENTAMOUNT
POSTING · 1 OF 5ILLUSTRATIVE · TREASURY MEMBERSHIP PRICING
01 · LOCAL RECEIPTSETTLED
Your customer sent a domestic credit on EFT. Nothing crossed a border, so no correspondent could take a cut on the way in.
RAILEFT · WIRE
SETTLEMENTSAME DAY
PAYERVISIBLE ON RECEIPT
REFERENCEINV-2026-0413
SAME INSTRUCTION ON A CORRESPONDENT WIRE
CAD 14,415.00 LOSTAT COST · NOT PUBLISHED
CAD COST IS REAL BUT UNPRICED HERE, SO NO RATIO IS DRAWN. CORRESPONDENT FIGURE IS A TYPICAL MARKET DEDUCTION, NOT A QUOTE.Where CAD can go, and what it costs to send.
MARGIN IS AGREED BEFORE YOU INSTRUCT AND BOOKED WITH A DEAL REFERENCEROUTERAILFX MARGINSETTLEMENT
CAD→CADEFT · WIRENO CONVERSIONSAME DAY
CAD→USDACH · FEDWIREAT COSTSAME DAY
CAD→GBPFASTER PAYMENTS · CHAPSAT COSTINSTANT
CAD→EURSEPA · SEPA INSTANTAT COSTINSTANT
CAD→AEDUAEFTS · IPPFROM 0.15%MINUTES
REACHUSD SWIFT · 180+ COUNTRIESAT COST1 TO 3 DAYS
MOVEMENT FEES ARE CHARGED PER MOVEMENT AT THE GREATER OF THE FLAT FEE OR THE PERCENTAGE: GBP FROM GBP 5 OR 0.05% · EUR FROM EUR 5 OR 0.05% · USD FROM USD 35 OR 0.05% · AED FROM AED 20 OR 0.08% · USD SWIFT FROM USD 35 OR 0.05%. CAD IS PASSED THROUGH AT COST.
WHAT THE MARGIN ABOVE COSTS YOUCAD IS PASSED THROUGH AT COST ON EVERY MEMBERSHIP.
BUSINESSUSD 100 / MOCAD AT COSTShared desk. USD 1,000 billed annually.BUSINESS PLUSUSD 300 / MOCAD AT COSTPriority queue. USD 3,000 billed annually.TREASURYUSD 500 / MOCAD AT COSTNamed specialist owns your exceptions. USD 5,000 billed annually.INSTITUTIONALBESPOKEAGREED SCHEDULEFinancial institutions and payment businesses moving client flows.
ANNUAL BILLING INCLUDES TWO MONTHS. THE BAND IS GUIDANCE, NOT A GATE.
WHAT STOPS A CAD PAYMENT
Two things stop it. The receipt type, or the country.
CLEARS
Trade receipts from Canada customers for goods or services your business invoicedCLEARS
Same entity funding from your own overseas accounts, where documentedCLEARS
Settlement carrying an invoice, contract or shipment referenceCLEARS
Payments from counterparties disclosed at onboardingSTOPS
Personal transfers, or payments from individuals unrelated to the tradeSTOPS
Cash deposits of any kindSTOPS
Client money held on behalf of third parties, or undeclared third party flowsSTOPS
Receipts with no commercial purpose or supporting documentationEVERY RECEIPT CARRIES PAYER NAME AND REFERENCE INTO YOUR STATEMENT. REGULATED PAYMENT BUSINESSES MOVING CLIENT FUNDS ARE STRUCTURED UNDER INSTITUTIONAL MEMBERSHIP.
Getting the CAD account open.
TIMINGS ARE INDICATIVE AND DEPEND ON HOW QUICKLY DOCUMENTS ARRIVESTEP 01ApplicationCompany, directors, UBOs and the corridors you expect to run.DAY 1
STEP 02KYB and UBOIncorporation documents, registers and beneficial owner verification.DAY 1 TO 3
STEP 03Activity reviewVolume, pairs, counterparties and trade documents for declared flows.DAY 3 TO 7
STEP 04CAD approvalCapability confirmed and account details issued in your business name.ON APPROVAL
STEP 05Pricing scheduleMembership and fee schedule issued against your reviewed flow, then signed.WITH APPROVAL
STEP 06ActivationFirst instruction accepted. Instructions run 24/7 with no cut off.SAME DAY
CAD QUESTIONS
Conversion and movement are passed through with no uplift added, until a provider schedule is confirmed and published. You are told the figure before it is incurred.
Take the CAD account into the application.▍
The application carries CAD through, so you do not re enter it. Or send the desk your corridor and we will price it before you commit.