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1.00 CAD

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Why choose Universal Merchant Bank?

Universal Merchant Bank is a prominent private financial institution in Ghana, operating as one of the subsidiaries of the globally recognized UMB. It entered the Ghanaian market in 1972, pioneering retail banking in the country. In 2006, UMB Ghana obtained a Universal Banking License. Apart from its headquarters in Accra, UMB Ghana has a network of branches in Abeka, Abossey, East Legon, Achimota, and Labone. The UMB Ghana group provides a diverse array of financial services, including savings accounts, business and corporate services, and digital banking.

Don’t just take our words for it

We have thousands of happy Remitbee users to back it up

Emmanuel Owusu

I love using Remitbee! It's hassle-free to send money to Ghana in seconds, and I've had no issues in over a year of use. Highly recommend!

Ashantee Osei

I've been using Remitbee for a while now and it's been a game-changer. Being able to transfer money to my family to MTN Ghana is a blessing. Plus, the service is so easy to use, and the support team is great.

Abeeku Opoku

Transferred funds to Ghana on Monday, and they arrived at my mother's in 5 minutes. No hassle and is way better than the banks as it is much faster less/no fees, and has better conversion rates. That is my go-to money transfers going forward.... ditch the banks

Easy with Remitbee

How to Send Money to Universal Merchant Bank

Sign Up for a Free Remitbee Account

Provide Your Personal Details

Furnish essential personal information, including your full name, address, occupation, and validate your complete email and phone number.

Enter Recipient's Information

Input the recipient's bank details, including the bank name and account number, and choose between fund collection or direct deposit.

Review the Exchange Rate

Scrutinize the CAD to GHS exchange rate, specify your transfer amount, choose your preferred payment method, and confirm the transaction. Please note that payment method fees remain consistent regardless of exchange rate fluctuations.

Track Your Transaction

Following the completion of all necessary steps, Remitbee will initiate the transfer, enabling you to conveniently monitor its progress through the Remitbee app as it travels to Ghana.

Make a Positive Impact

Supporting your family in Ghana through online money transfers positions you as a valuable contributor. Remitbee's mission is to offer you a service that genuinely deserves recognition for its reliability and convenience.

Send to all major banks in Ghana

Mobile Money service also available

What information you’ll need to
complete the transfer

Wire transfer to bank account

Recipient's name: Ensure precise alignment of the recipient's name with their bank records to prevent transfer delays.
Address: Provide the branch address to ensure accurate routing of funds to the recipient's city.
Bank name: Specify the name of the Ghanaian bank where you intend to send the money.
Account Number: Include the recipient's account number for a smooth transfer to their account.

Cash pickup

Name – Once again, confirm that you have the complete name of the individual who will collect the funds.
Phone number – Provide the recipient's contact number.
Pickup Location – Share the name of the bank or other financial institution where the recipient will collect the funds.

How Remitbee calculates the CAD to GHS exchange rate

Our commitment revolves around minimizing fees and consistently updating our rates to provide you with the most competitive exchange rates for Ghanaian Cedi and Universal Merchant Bank forex rates available in the market. While there are nominal charges for bill payments, Interac, or debit card transactions, you also have the option to utilize the Remitbee Wallet without incurring any fees. Transparency is crucial to us in all matters related to fees, and you can readily review them within the application before smoothly initiating your money transfer to Ghana.

What are the benefits of sending
directly to Universal Merchant Bank?

Enhanced Security

Experience heightened security compared to traditional offline methods.

Swift Transfers

Expedite the transfer process, ensuring the prompt delivery of funds to the designated recipient.

Convenient Usage

Initiate the transfer effortlessly from the comfort of your home.

Immediate Access

Gain instant access to your funds once the transfer is successfully completed.

Check our refer and earn program!

Discover the attractive referral program by RemitBee, presenting fantastic rewards! Earn a generous $20 reward for each successful referral and gift your friends a $10 reward upon their first transaction using your exclusive code. To qualify, your friend only needs to send a minimum of C$200 or exchange at least C$1,000. With abundant referral opportunities, embark on your earning journey with RemitBee today!

Best way to send money from Canada on the go

Created for our customers on the go, the Remitbee app has all the functionality you expect from the website compacted into your iPhone or Android device! Designed for speed, efficiency and safety, our app is the best way to use Remitbee.

Frequently Asked Questions

Can I send money to a Universal Merchant Bank account using Remitbee?

Certainly! Remitbee is fully equipped to address your remittance needs, as long as the transaction originates in Canada.

How can I pay for my money transfer to Universal Merchant Bank?

You have the option to make your payment using Interac e-Transfer, Interac Online, bill payment, electronic funds transfer, or Visa or Mastercard Debit.

What delivery methods are available for the money transfers to Ghana?

The funds will be promptly transferred to Universal Merchant Bank and swiftly credited to the recipient's account, enabling them to monitor the arrival of the funds. Typically, this process is completed within one business day, although in certain cases, it can be as quick as mere minutes.

What is the maximum amount I can send to a Universal Merchant Bank account?

After successfully verifying your identity on our platform, you can initiate transfers of up to 1,000 CAD per day, with a monthly transaction limit of 50,000 CAD.

How much does Remitbee charge to send money to Ghanian bank accounts?

Any transfer over 500 CAD is free. Transfers below 500 CAD are subject to the following fees:

Interac Online - $2.99
E-transfer - Free
Bill Payment - Free
Electronic funds Transfer - Free
Visa or Mastercard Debit - $2.99+

What is the maximum amount you can transfer to a Universal Merchant Bank account from Canada?

Here are the different Verification Levels and their corresponding sending limits:

Verification Level 1: At this stage, you can send up to 1,000 CAD per day and a maximum of 3,000 CAD per month.
Verification Level 2 (Recommended): Upgrading to this level grants access to higher limits, allowing you to send up to 3,000 CAD daily and up to 25,000 CAD monthly.
Verification Level 3 (For Extensive Needs): With Verification Level 3, you can achieve even greater sending limits, enabling you to send 9,000 CAD daily and up to 50,000 CAD monthly.
Stay tuned for Verification Level 4, currently in development, which will offer even more substantial sending limits. The verification process is a one-time requirement, and once verified, there's no need to submit any additional documents.