Whether it’s sending rent to a roommate or contributing to a group gift, you can use the local transfer feature in your Premiumreal account. With this method, you can transfer Canadian dollars (CAD) to any Interac email address in Canada, without any fees. Follow these steps to make a local CAD transfer.

1. Log in to your account, and tap “Transfer”
   
   

2. Choose “Local Transfer” as your transfer type

3. Ensure that the “CAD” is selected and tap on “Proceed”

4. Input the amount to send, the recipient’s Interac email address. Add a note (if necessary) and click on “Proceed”. Note that this only supports email addresses linked to Interac.

5. Input your Pin

6. That is it! You have transferred funds to the recipient in Canada.

FAQs

To make a local CAD transfer in Canada, you need to have a verified Premiumreal account and the recipient’s Interac email address.

To transfer money from Premiumreal to any CAD account in Canada, you need to log in to your Premiumreal app and tap on the “Transfer” button. Choose “Local Transfer’’ as your transfer type. Then, select the amount you want to send and the recipient’s Interac email address, and a message (optional). Input your Pin. That is it!

Premiumreal works by signing up and verifying your profile on the app, allowing you to send and receive money in CAD or Naira. You can also store money in your Premiumreal wallet and exchange it for Naira whenever you want. Premiumreal uses advanced encryption and security measures to protect your money and data.

The transfer limit is limitless on naira deposits and a deposit limit of $15000 CAD weekly and $25000 CAD monthly.

Premiumreal does not charge any fees for transferring money. The only cost you may incur is a small amount for tuition fee. The only cost for tuition fee is $28 CAD, which is the lowest in the market.

The recipient will receive a payout immediately. If delayed contact support@withpremiumreal.com.