Canonical: https://unicorncurrencies.com/receive-money-from/canada/

# Intelligence: Receiving Money from Canada

## Collection Methods

- **EFT (Electronic Funds Transfer):** Canadian domestic bank transfers. Standard clearing. Timing depends on route, funding, review, and receiving-bank handling.

- **Interac e-Transfer:** Real-time Canadian payments. Widely used by consumers and SMBs. Timing depends on route, funding, review, and receiving-bank handling.

- **LVTS (Large Value Transfer System):** High-value CAD payments via Bank of Canada. Timing depends on route, funding, review, and receiving-bank handling.

## Benefits

- Local Canadian bank account

- Interac e-Transfer for instant collection

- EFT for bulk/recurring

- No FX conversion CAD → CAD

- Bank of Canada supervised

## Settlement & Use

- **Settlement time:** Instant (Interac) or T+1 (EFT)

- **Use case:** Collect CAD from Canadian customers using local Interac or EFT. No cross-border delays or fees.