Canada
Overview
| Transfer method | Local | Local | Local | SWIFT |
|---|---|---|---|---|
| Local clearing system | EFT (The default LOCAL payout option when local_clearing_system is not specified) | INTERAC | BILL_PAYMENT | |
| Supported currency(ies) | CAD | CAD | CAD | AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
| Payment scheme | EFT | Interac e-Transfer | Bill Payment* | |
| Flight time (business days) | 0-1 | 0-1 | 3-4 | 0-3 |
| Maximum transaction limit | 2,000,000 CAD | 25,000 CAD | No limit | No limit |
| Ultimate payer displayed | Yes | Yes |
* Airwallex currently only supports Bill Payment to educational institutions for tuition purposes. Please contact your account manager for more information.
Please refer to the sections below for the key required bank details and other considerations for each supported transfer method.
Local EFT payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be CAD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 7-21 digits | |
account_routing_type1 | institution_number only | This is a 3-digit number to identify a Canadian bank |
account_routing_value1 | 3 digits | |
account_routing_type2 | transit_number only | This is a 5-digit number to identify a Canadian bank branch |
account_routing_value2 | 5 digits | |
bank_country_code | 2-letter ISO 3166-2 country code | Should be CA |
Canadian institution number and transit number
The institution number and transit number are used to identify a specific bank branch in Canada, which can be typically found on bank statements, official bank websites or bank-issued cheques. You may encounter routing numbers in 2 different formats:
- 9-digit format of 0YYYXXXX: a leading zero followed by a 3-digit institution number and then by a 5-digit transit number
- 8-digit format of XXXXX-YYY: a 5-digit transit number followed by a 3-digit institution number, connected with a hyphen
Learn more in Canada Local Transfer Guide .
Local Interac e-Transfer payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be CAD |
account_name | 2-200 characters | Full name of the recipient |
account_routing_type1 | phone_number oremail_address | Recipient’s phone number or email address to receive funds via Interac e-Transfer |
account_routing_value1 | phone_number: In the format of +1-nnnnnnnnnn where nnnnnnnnnn is a 10-digit phone number;email_address: An email address up to 50 characters long | The beneficiary's valid Canadian local phone number or email address to receive the payout |
bank_country_code | 2-letter ISO 3166-2 country code | Should be CA |
When paying to an email not registered with Interac e-Transfer or a phone number, you'll need to specify a set of security question and answer to be shared with your beneficiary. Learn more in Canada Interac e-Transfer Guide .
| Conditional fields | Permitted Data | Notes |
|---|---|---|
security_question | 1-40 characters | |
security_answer | 3-25 alphanumeric characters | Should not contain special characters such as "@", "&", "*", etc. |
Local Bill Payment
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be CAD |
account_number | Up to 50 characters | |
account_routing_type1 | biller_id only | This is a 6-digit number to identify a biller* |
account_routing_value1 | 6 digits | |
bank_country_code | 2-letter ISO 3166-2 country code | Should be CA |
* Please find below a list of supported billers with their biller ID to use for this parameter:
SWIFT payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | One of AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 7-35 digits | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be CA |