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Are there fees for receiving funds? How can I do bill payments?
Are there fees for receiving funds? How can I do bill payments?
Michael Tan avatar
Written by Michael Tan
Updated today

Are there fees for receiving funds?
No, we do not charge any fees for receiving funds.

How can I do bill payments from my account?

With Vault, you get local accounts in multiple currencies namely in CAD, USD, GBP and EUR. Unlike our competition, the opening of these local accounts will enable you to make worldwide payments seamlessly and comfortably online (i.e., no need to visit any physical bank branches or fill up complicated forms).

With Vault, you can make the following types of payments:

  1. Payments within Canada

    • EFT payments: Up to 1 business day

  2. From your US Vault account to a US bank account

    • ACH payments: 1 business day

    • Fedwire payments: Up to 1 business day

  3. From your EUR Vault account to a EUR bank account

    • SEPA payments: 1 business day (within the EU)
      ​

  4. From your GBP Vault account

    • UK Faster Payments: 1 business day (within the UK)
      ​

  5. For international payments worldwide

    • SWIFT payments: Up to 2 business days'

See videos below for step by step walkthroughs on how to send money to:

  1. A Canadian Vendor

  2. A US Vendor

  3. An International Vendor

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