Our USD wire transactions are processed by a financial institution abroad. They help facilitate our clients with any USD wire transfers. USD transactions are processed quicker than CAD due to Canada's regulations. The longer withholding time is contributed to Fintrac's AML and KYC regulations, and your local financial institutions' payment processing time. Fiat withdrawals are processed during business days and new accounts might subject to full withholding periods due to transaction verification.
Why is the USD withholding for less time than CAD wire transfer?
Modified on: Tue, 4 Dec, 2018 at 4:35 PM
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