Send Money from Canada to Israel
Businesses in Canada paying Israel suppliers for Technology. Send CAD from Canada, receive ILS in Israel with t+0 (2.3s avg within unicorn network).
Save £2,125 per £100k Payment
Canada to Israel corridor savings
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ Masav
Sending from Canada: What You Need to Know
CAD Origin Specifics
- CAD commodity currency (tracks oil/resources)
- Interac e-Transfer for fast payments
- FINTRAC oversight
Your Local Advantages
- Local CAD account available
- EFT (Electronic Funds Transfer) instant collection
- No correspondent bank fees on origin side
Paying Suppliers in Israel: Compliance & Requirements
Regulatory Considerations
- Bank of Israel regulations
- Israeli Customs documentation
- VAT (17%) on goods and services
- Ministry of Defense approvals for defense equipment
Payment Best Practices
- Israel = Startup nation, cybersecurity leader
- Masav standard for ILS business payments
- Tel Aviv = Tech hub, Jerusalem = Government center
- Strong R&D capabilities - innovation focus
Canada → Israel Corridor Insights
Popular Industries
- Technology
- Cybersecurity
- Medical Devices
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Typical Volume
£50k-£250k
Frequently Asked Questions: CAD-ILS Payments
How fast are CAD-ILS payments?
CAD-ILS payments settle in an average of 2.3 seconds wallet-to-wallet when using Unicorn Currencies' local rails, or 1-3 days via traditional SWIFT depending on the route and correspondent banks involved.
What does a CAD-ILS transfer cost?
Unicorn Currencies charges a 0.5% FX spread plus a flat fee of £5 per payment for CAD-ILS transfers. This is significantly cheaper than traditional banks which typically charge 2-4% in hidden FX margins plus high SWIFT fees.
What exchange rate do I get for CAD-ILS?
You get real-time wholesale CAD-ILS exchange rates with 15-second rate locks. Our rates are sourced from institutional FX markets, giving you the same pricing that banks use for their own trades.
Can I lock the CAD-ILS rate in advance?
Yes, forward contracts are available for CAD-ILS payments. You can lock in today's rate for future payments, protecting your business from currency fluctuations for up to 12 months.
What details do I need for CAD-ILS payments?
Beneficiary details vary by destination. For Israel payments, you typically need the recipient's local account details (Masav), account number, and beneficiary name. Some destinations may also require local clearing codes.
Ready to Send CAD from Canada to Israel?
Save 81% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB