CAD
$
Canadian Dollar
Official currency of Canada
ISO Country Code
CA
Decimal Places
2 / 4
Subunit
cent
Payment Methods Available
Payment Options
Available payment methods and requirements
Choose the right payment method for your needs
Priority Payment
Fast processing with priority serviceM | SWIFT |
|---|---|
Cut-off Time (UK) | 16:15 |
D | Same Day |
M | No limit |
D | Any |
Trace | Available |
Recall | Available |
Ultimate Payer Displayed | Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Standard Payment
Standard payment processingM | Electronic Funds Transfer (EFT) |
|---|---|
Cut-off Time (UK) | 15:30 |
D | Same Day |
M | CAD 200,000 |
D | Canada |
Trace | Not Available |
Recall | Not Available |
Ultimate Payer Displayed | Not Available |
Required Fields
Field requirements for this payment methodRecipient Name
Recipient Address
Recipient City
Recipient Bank Code
BIC/SWIFT
Account Number
IBAN
Currency Holidays
Currency settlements pause on public or bank holidays.
Currency Holiday Calendar
Official non-business days for this currency- Sep
1
2025Labour Day
In 9 daysMonday, September 1, 2025
- Oct
13
2025Thanksgiving Day
In 51 daysMonday, October 13, 2025
- Nov
11
2025Remembrance Day
In 80 daysTuesday, November 11, 2025
- Dec
25
2025Christmas Day
In 124 daysThursday, December 25, 2025
- Dec
26
2025Boxing Day
In 125 daysFriday, December 26, 2025
Restricted Regions
Areas with payment limitations
Restricted Regions
Areas with payment limitations or restrictionsThe following regions have payment restrictions:
Account Format
Standards for account numbers and IBAN
Account Format & Structure
Standardised format for financial accounts with this currencyFormat Standards
| Format Type | Structure Pattern |
|---|
Example Accounts
| Account Type | Example Format |
|---|---|
T Transit Number | 12345 |
I Institution Number | 123 |
A Account Number | 123456789012 |
Always double-check account formats before initiating payments to ensure successful transactions.
Additional Notes
Important information and special considerations
Special Considerations
Important notes and requirements for CAD paymentsPlease review these important notes before processing payments in CAD
1
EFT (Electronic Fund Transfer) is the primary domestic payment method in Canada.2
Interac e-Transfer is commonly used for person-to-person payments.3
For international payments, SWIFT is the standard method.4
Transit numbers consist of a 5-digit branch number (transit number) and 3-digit institution code.5
Non-ASCII characters will be transformed or removed based on domestic and SWIFT restrictions.6
Non-supported characters will be transformed to EBCDIC equivalent or removed on a best endeavors basis in order to comply with the restrictions of the Swift payment network. The permitted characters on the Swift network are letters, numbers, spaces and the following symbols: / – ? : ( ) . , ‘ +
For more information about payment requirements for CAD, contact your account manager or refer to the latest regulations.
In collaboration with
FXellence leverages Currencycloud's robust payment infrastructure to deliver secure, efficient international payment solutions for businesses worldwide.