Read our guide on everything you need to know about sending money to Canada.
In this article, we’ll cover:
- Where can I send from?
- How long will it take?
- How much can I send?
- Which currencies can I send to this country?
- Which payment methods can I use?
- What information do I need about my recipient?
- What does a Canadian account number look like?
- What does a Canadian BIC/SWIFT code look like?
- What is an institution number?
- What is a transit (branch) number?
- Do I need a routing number?
Where can I send from?
You can send money from any of our supported locations, as long as it is from a bank account in your name and matches your business purpose.
For example, If you hold a personal Xe account, you should only book personal transfers on here.
The funds must be settled from your personal bank account which is in the same name as your account with us.
The same applies to business transfers.
How long will it take?
It takes between 0-3 days for your money to reach Xe, depending on how you pay for your transfer. Once we receive your funds we make payment to your recipient.
From this point, it usually takes 1-4 working days for the funds to arrive. This can vary depending on the recipients bank.
We will send you a notification at each stage of your transfer so you know where your funds are.
How much can I send?
You can view our existing limits on transfers by clicking here.
Which currencies can I send to this country?
CAD mainly, but we offer multiple currencies as long as the recipient holds a bank account for the currency being sent.
Which payment methods can I use?
You can view our current payment methods page by clicking here.
What information do I need about my recipient?
Information may vary, depending on the country you’re sending to. If sending to Canada, we will require:
- Recipient’s name and address
- Recipient’s account number
- Recipient bank’s institution and transit (branch) number
- Recipient bank’s name and address.
For more information on recipients, please click here. This will be the same for a recipient which is a business.
What does a Canadian account number look like?
These numbers, which are used to identify a bank account, can be between 7-12 digits long.
What does a Canadian BIC/SWIFT code look like?
These numbers, which identify banks globally, tend to be between 8-11 characters long. They contain a country code and typically reference the bank’s name. The letters CA are used for banks in Canada.
What is an institution number?
This identifies the financial institution you’re sending money to and are sometimes called bank codes. These must be 3 digits long.
What is a transit (branch) number?
This identifies the specific branch of your bank where you opened your account. These must be 5 digits long.
What about a routing number?
This is a combination of your institution and transit numbers, proceeded by a 0, to give you a 9-digit number.
Your completed routing number should follow this format 0XXXYYYYY where X is the institution number and Y is your recipient's transit number.
Please note: If you're using the app, you might be asked for a bank code and transit number, while on the web you may be asked to supply the institution and branch numbers. Both of these follow the routing number format described above.