🇨🇦→🇸🇪
Send Money from Canada to Sweden
Businesses in Canada paying Sweden suppliers for Automotive. Send CAD from Canada, receive SEK in Sweden with t+0 (2.3s avg within unicorn network).
✓ Competitive Advantage: Local CAD collection + local SEK delivery = no correspondent bank fees
Save £1,825 per £100k Payment
Canada to Sweden corridor savings
Traditional Bank
£2,330
- ❌ 2-3 day settlement
- ❌ Multiple correspondent banks
- ❌ Hidden FX margins
- ❌ High SWIFT fees
Unicorn Currencies
£505
- ✓ T+0 (2.3s avg within Unicorn network)
- ✓ Local CAD collection
- ✓ Transparent 0.5% spread
- ✓ Swish
Your Savings
78%
£1,825 per £100k
At £300k-£3M monthly, save £4,567/year
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
Local Collection Method
EFT (Electronic Funds Transfer)
T+1 to T+3 • Canadian domestic bank transfers. Standard clearing.
Paying Suppliers in Sweden: Compliance & Requirements
Regulatory Considerations
- Riksbank (central bank) regulations
- Swedish Customs documentation
- VAT (25%) on goods and services
- Finansinspektionen oversight
Payment Best Practices
- Sweden = Engineering excellence (Volvo, Scania, Ericsson)
- Swish enables instant SEK payments
- Cashless society - digital payments preferred
- Strong sustainability focus - ESG documentation valued
Destination Settlement
T+0 (2.3s avg within Unicorn network)
via Swish
Canada → Sweden Corridor Insights
Popular Industries
- Automotive
- Machinery
- Forestry
Peak Trading Hours
EST/PST (GMT-5/-8) to GMT time zone consideration
Best for rate execution and faster settlement
Typical Volume
£50k-£250k
Average transaction size for this corridor
Monthly volume: £300k-£3M
Compliance Notice: Subject to sanctions and compliance screening. Certain industries and countries not supported.
Ready to Send CAD from Canada to Sweden?
Save 78% on every payment with t+0 (2.3s avg within unicorn network). Local CAD collection available.
Bank of Canada registered PSP | FINTRAC licensed MSB