Payment rail · Canada
Payment rail · CanadaWhat is EFT in Canada?
EFT in Canada is the batch electronic funds transfer Payments Canada’s rules call AFT — direct deposits and pre-authorized debits — cleared through Payments Canada’s Automated Clearing Settlement System and settled across accounts at the Bank of Canada. Poplin pays out to Canada over EFT, settling within one business day at the latest.
Source: Payments Canada (opens in a new tab)
Updated · Reviewed by Joyce Chin, Chief Operating Officer & Compliance Officer
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A payout to Canada clears fastest over
EFT
settles within one business day · 0.5% + $1.00 on a business account
Also reaches USD accounts over
Set from your location — change it above.The recipient’s account details decide the rail — the fee is always shown before you send.
// at a glance
What the rail sets for a payout over EFT — and what Poplin charges to send.
Settlement
Next day
a ceiling, not the typical time
Reaches
1
country — Canada
Paid out in
CAD
Canadian dollar
Business fee
0.5%
plus a $1.00 fixed fee
Clearing
Local
domestic clearing
Days are business days — a Saturday delays a same-day or next-day payout. These are ceilings, not typical times: within the window, how fast the money lands depends on the receiving bank.
// how it moves
How EFT payouts move.
From your US-dollar balance to an account in Canada — four steps.
You send from USD
Enter an amount in your Poplin US-dollar account and confirm the payout — the full fee shows before you send.
Converted at mid-market
Dollars become Canadian dollars at the mid-market rate — no markup added.
Cleared over EFT
Poplin clears the payout over EFT, Canada’s batch bank transfers.
Arrives inside the window
EFT settles within one business day — a ceiling, not the typical time; how fast it lands depends on the receiving bank.
// coverage
Where EFT reaches.
Sending somewhere else?
Each destination clears over its own set of rails. See the rail, speed, and fee for any destination — or the fee for every rail on one page.
EFT — FAQ
Basics
What is EFT in Canada?
EFT in Canada is the batch electronic funds transfer Payments Canada’s rules call AFT — direct deposits and pre-authorized debits — cleared through Payments Canada’s Automated Clearing Settlement System and settled across accounts at the Bank of Canada. Poplin pays out to Canada over EFT, settling within one business day at the latest.
Speed
How long do EFT payouts take in Canada?
Over EFT, Poplin payouts settle within one business day. Payments leave your account in seconds; EFT then clears the payout to the recipient’s bank.
Cost
How much does it cost to send money to Canada over EFT with Poplin?
A percentage of the amount plus a $1.00 fixed fee — 0.5% on a business account and 1% on a personal account, shown in full before you send. Conversion, where the payout currency isn’t US dollars, is at the mid-market rate with no markup.
Coverage
Does Poplin pay out to Canada over EFT?
EFT is how Poplin pays out to Canada, in CAD. Poplin also reaches Canada over SWIFT (USD) — which one a payout uses depends on the bank details your recipient has.
Send US dollars to Canada over EFT.
Open a US-dollar account in minutes. No monthly fees.