Which Level of verification should you need to complete?
Choosing the right level of verification with RemitBee depends on your transfer needs, ensuring you have the flexibility and security for your money transfers.
Level 1 verification
Money Transfer
- Daily limit: $1,000 CAD
- Monthly limit: $3,000 CAD
Currency Exchange
- Daily limit: $9,000 CAD
This is the basic verification level suitable for those who plan to send smaller amounts. It's a good starting point for new users.
Read: How to verify for level 1?
Level 2 verification
Money Transfer
- Daily limit: $3,000 CAD
- Monthly limit: $25,000 CAD
Currency Exchange
- Daily limit: $250,000 CAD
We recommend completing Level 2 verification for more flexibility and higher sending limits. It's ideal for regular users who need to send larger amounts.
Read: How to verify for level 2?
Level 3 verification
Money Transfer
- Daily limit: $9,000 CAD
- Monthly limit: $60,000 CAD
Currency Exchange
- Daily limit: $500,000 CAD
For users who need to transfer significantly larger sums, Level 3 verification offers even higher limits. This level caters to the needs of heavy users.
Read: How to verify for level 3?
Level 4 verification
Money Transfer
- Daily limit: $20,000 CAD
- Monthly limit: $200,000 CAD
Currency Exchange
- Daily limit: $500,000 CAD
This level provides the highest sending limits.
Read: How to verify for level 4?
Why verify?
Verification ensures the security of your transactions and compliance with Canadian law. It's a one-time process, meaning once you're verified, you won't need to submit further documents. Check out how to verify here.
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