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How do I add or receive Canadian Dollars (CAD) to my account?

How do I add or receive Canadian Dollars (CAD) to my account?

Michael Tan avatar
Written by Michael Tan
Updated yesterday

Adding CAD using Pre-Authorized Debits, PAD

  • Step 1: Go to Venn "Dashboards"

  • Step 2: From the side menu bar, select "Add money"

  • Step 3: From the dropdown menu, select "Linked bank account"

  • Step 4: Select your linked bank account and add funds. You’ll receive an email with the estimated arrival date. In some cases, it may take an extra business day for bank clearance.

Receiving CAD using Interac e-Transfer Auto Deposit

  • Step 1: Go to Venn "Dashboards"

  • Step 2: Select "CAD Account"

  • Step 3: Select "Interac e-Transfer"

  • Step 4: Select "Download details" and share your Venn-linked Interac email. Once your sender initiates the transfer, the funds will arrive instantly into your Venn account.

Receiving CAD using Electronic Funds Transfer, EFT

  • Step 1: Go to Venn "Dashboards"

  • Step 2: Select "CAD Account"

  • Step 3: Select "EFT"

  • Step 4: Select "Download details" and share your EFT account payment details. Once your sender initiates the transfer, funds will arrive within 1 business day (excluding weekends and public holidays). Note: EFT and Wire (SWIFT) are different, and sending a Wire instead of EFT will cause the transfer to fail.

Receiving CAD using Wire (SWIFT)

  • Step 1: Go to Venn "Dashboards"

  • Step 2: Select "CAD Account"

  • Step 3: Select "Wire (SWIFT)"

  • Step 4: Select "Download details" and share your Wire (SWIFT) account payment details. Once your sender initiates the transfer, funds will arrive within 2 business days (excluding weekends and public holidays). Note: EFT and Wire (SWIFT) are different, and sending an EFT instead of Wire will cause the transfer to fail.

Watch the video below for a detailed guide:

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