Y Combinator-backed Grey now supports direct Canadian Dollar transfers to any Canadian bank account, starting at $2.50, with Interac delivering funds in minutes
SAN FRANCISCO, United States of America, April, 2026/ – Sending
money to Canada has been harder than it should be. Wire queues,
unpredictable fees, days of uncertainty, whether you’re supporting
family in Ontario, paying a Canadian contractor, or settling a business
invoice. Starting today, Grey (https://Grey.co [7]) users can send
Canadian Dollars directly to any Canadian bank account, arriving in
minutes via Interac for $3.00, or the next business day via bank
transfer for $2.50. No percentage fee. No wire delays.
Canada is home to one of the world’s most diverse diaspora populations,
with communities from Nigeria, India, the Philippines, and other
emerging markets deeply connected to their homes. The corridor has been
dominated by legacy services that charge $15-30 on a typical $500
transfer and settle in days. Grey’s flat fee and Interac delivery
address both problems at once.
The Interac integration matters more than the price. Interac is the
payment rail built into the daily financial life of virtually every
Canadian bank account holder, the same network used for everyday
domestic payments. When Grey settles through Interac, the transfer
doesn’t enter a wire queue. It moves the way domestic payments do: fast,
confirmed, and predictable. Recipients don’t need a new app or account.
The money arrives at the bank, where they already have an account.
“Canada kept coming up. From Lagos to Mumbai to Manila, our users had
someone in Canada they needed to pay, but no good way to do so.
Expensive wires, slow settlement, no certainty. We fixed that,” said
Idorenyin Obong, CEO and co-founder of Grey.
The service supports all Canadian banks for both personal and business
accounts and joins Grey’s local-currency transfer network across 170+
destinations. Users can send from USD, EUR, GBP, or NGN balances, with
individual transaction limits of $10,000 CAD and business limits of up
to $100,000 CAD via bank transfer. Grey holds a Money Service Business
license from FINTRAC in Canada and FinCEN in the USA.
Download the Grey app on iOS or Android, or visit https://Grey.co [8] to
send your first transfer to Canada.
