More than one option for your USD transfers.
When sending money, there are different things you might prioritise. Sometimes, you want speed. Other times, you might prefer lower transaction fees. Either way, having options means you can choose what works best for you. But the most frustrating part about sending money is when your name doesn’t show up as the sender, but the name of the payment processor. That creates confusion, delays, and unnecessary back-and-forth, especially when you’re paying U.S. businesses like Copart.
So we added Domestic Wire, a new transfer option that allows you to send USD to U.S.-based bank accounts within 4 business hours on the same day. Now, instead of relying on a single option, you can choose from more than one, one that clearly shows your name on the receiver’s bank statement. This also makes it easier for you to match your payments to your name without mix-ups.
What is Domestic Wire?
Domestic Wire is a transfer option that lets you send USD directly to U.S. bank accounts within 4 business hours on the same day.
What you can expect.
With this new option, you get:
- Faster delivery: Transfers are delivered within 4 business hours, the same day. However, processing times may vary slightly depending on the bank’s operating hours. But you can expect significantly quicker turnaround times compared to traditional methods.
- Clear identification: Your name appears on the recipient’s bank statement, making it easy to recognise your payments. This makes it easier for businesses to recognise your payment instantly, reducing confusion and delays.
- A flat fee: Only pay a flat $20 fee per transfer with no surprise charges.
Why does this matter?
Adding Domestic Wire means you’re no longer limited to just one transfer method. You now have more options to choose from. But even better, using Domestic Wire allows the recipient to see your name as the sender, as if you sent the payment directly from your own personal U.S. bank account. This also makes it easier to match your payments to your name when paying businesses like Copart or any U.S. company.
More importantly, when your name shows up clearly on the recipient’s bank statement, it removes friction from the payment process, confirms transactions faster, and avoids unnecessary follow-ups.
For example, if you’re paying U.S. businesses or platforms that need accurate sender details, Domestic Wire allows your payment to look as though it came directly from your own U.S. bank account. That level of clarity can save you time and improve your experience when paying U.S. businesses.
How to get started.
Getting started with using Domestic Wire as a transfer option is simple. All you need is a USD Wallet. If you already have a USD Wallet, you’re good to go, just tap Domestic Wire as your transfer option the next time you send USD. If you don’t have one yet, creating a USD wallet will only take a few minutes. Simply sign in to your CadRemit app and create one.
