If you’re looking for a fast and cost-effective way to transfer money to Canada, exchange offices (Sarafi) are your best option. By depositing money into an exchange office’s account, you can receive the desired amount in cash or transfer it to your Canadian bank account.
You can also use POS machines at exchange offices in Canada or convert cryptocurrencies for fund transfers.
There is no set limit on the amount you can transfer through an exchange office. You can send any amount you wish.
There are three main methods for transferring money through an exchange office: cash transfer, check, and EFT (Electronic Funds Transfer).
Cash transfer is usually recommended for amounts under $10,000 CAD. The cash payment will be available 24 hours after the customer’s Rial payment is settled. You can also opt to deposit the amount into your Canadian bank account with a service fee.
For amounts over $10,000 CAD, check transfers or EFT are recommended. These transfers come with official receipts that can be presented to Canadian banks.
If you transfer money through an Iranian exchange office in Toronto, there is no limit on the amount you can send to Canada.
However, if you carry cash with you, the maximum amount you can take out of Iran is €5,000 or its equivalent in Canadian dollars.
There is no restriction on the amount of cash you can bring into Canada. However, if you carry more than $10,000 CAD, you must declare it on the customs form. Failure to declare the amount may result in fines starting from $250 CAD.
One way to transfer money from Iran to Canada is through cryptocurrencies like Tether (USDT). To use this method, you must register and verify your identity on an Iranian crypto exchange. However, this method can be time-consuming and often comes with high fees.
First, convert your Rial funds into a stablecoin like Tether (USDT) via a cryptocurrency exchange.
Then, transfer your crypto funds to a Canadian exchange and convert them into physical cash or deposit them into your bank account.