What is an International Money Transfer?

With Koho, an International Money Transfer (also known as a remittance) refers to sending money from one country (in this case Canada) to another. You can send your Canadian dollars to friends, family, and others in over 19o countries around the world, and they'll receive the funds in their local currency.

How long does an International Money Transfer take?

Koho's International Money Transfers can take as little as 30 minutes to arrive in the recipient's account. The actual amount of time it takes for the transfer to arrive depends on where the money is going – some transfers can take up to 1 to 2 business days. The good news is that Koho will give you an estimated arrival time when you initiate the transfer, so you won't be stuck wondering about its status.

What information/documents do I need to send money overseas?

With Koho, you don't need a lot to send an International Money Transfer. In most cases, all you'll need is:- An account with Koho; - Your recipient's full name as it appears on their ID; - Your recipient's bank account information;