This article guides you through locating your international wire details to receive funds in CAD using the Local Network.
Note: Please ensure that the country from which you are receiving a wire is on our list of eligible countries.
How to receive an international wire in Canadian Dollars (CAD)
To find your account information on your desktop:
- Once you have saved your preferred deposit account following the steps listed above, please head back to the Accounts tab.
- Click on the checking account you have selected as your deposit account.
- Click Details.
- Click International Wires under Receive Money.
- Choose CAD. Once selected, you will see all of the necessary details you need to receive international wires in CAD into your Relay account.
Please note: Account information will be different for wires sent in USD, EUR, GBP or CAD. If an international wire payment is sent in a different currency to these details, the funds will be returned to the sender. The timeline of return is dependent on that of the sending bank.
What is Relay's Routing Code?
Your account details for receiving an international wire in CAD require a Routing Code to be able to receive funds in CAD using the local network. All of the information you need to receive an international wire will be visible upon following the steps outlined above.
Currency conversion and exchange fees
Please note that these funds will automatically convert to USD as Relay accounts can only hold funds in USD. Non-USD funds are converted at a rate as low as 1% + market rate.
Tracking international wires using the local network
International wires sent in EUR, GBP or CAD using the Local network can not be tracked with an MT103 document. The sender will have to reach out to their bank to confirm the status of the transfer and ensure that it was sent to your details correctly.