Best ways to receive payments from international clients

Need to send a large payment through Interac e-Transfer? Before you hit "Send", it's worth checking your bank's transfer limits. While Interac is one of the fastest and easiest ways to move money between Canadian bank accounts, every financial institution sets its own daily, weekly, and monthly caps.

If you're sending a large amount, you'll quickly run into one question: what's the Interac e-Transfer limit?

Interac e-Transfer limits in Canada vary by bank but typically allow $3,000 per transfer, $10,000 per day, and $30,000 per week for personal accounts. RBC, TD, Scotiabank, and BMO each set their own limits within these ranges. Business accounts have higher limits and may use Interac Bulk Disbursement for larger transfers.

In this guide, we'll explain how Interac e-Transfer limits work, compare the limits at Canada's biggest banks, and look at your options when you need to send more than Interac allows.

What is an Interac e-Transfer?

An Interac e-Transfer is one of Canada's most popular ways to send money between bank accounts. Instead of using account numbers, you can send money using the recipient's email address or Canadian mobile phone number.

Transfers are processed through the Interac network and supported by most major Canadian banks and credit unions. Once the recipient accepts the transfer or has AutoDeposit enabled, the funds are deposited directly into their account.

Most transfers arrive within minutes, although processing times can vary depending on the sender's bank, the recipient's financial institution, and security checks.

Interac e-Transfer is designed for domestic Canadian transfers, making it ideal for paying rent, splitting bills, sending money to family, or paying freelancers within the country.

You can also find more information about how the service works on the official Interac website.

Interac e-Transfer maximum amount

If you're wondering about the Interac e-Transfer limit, there isn't a universal limit across Canada.

Interac provides the payment network, but your bank decides how much you can send. That means two people using Interac can have different limits depending on where they bank and the type of account they hold.

For most personal banking customers, you'll typically see:

These limits exist for several reasons.

Fraud prevention

If someone gains unauthorised access to your account, transfer limits help reduce the amount of money that can be moved before suspicious activity is detected.

Customer protection

Banks monitor Interac transfers for unusual behaviour. Daily and monthly caps provide an extra layer of protection against scams and account compromise.

Regulatory compliance

Canadian financial institutions must comply with anti-money laundering (AML) and fraud prevention regulations. Transfer limits are one of several controls banks use to manage financial risk.

Different accounts, different limits

Not every customer has the same limits.

Business accounts often have higher sending limits than personal accounts, and some banks offer premium customers larger transfer allowances. If you regularly send high-value payments, it's worth checking whether your account qualifies for increased limits.

Interac daily send limit by bank

If you're searching for the Interac daily send limit, here's how the limits compare across Canada's largest banks. Keep in mind that these are standard limits for most personal accounts and may vary depending on your account type.

Note: Limits may vary depending on your account type and can change over time. Always check your bank's website or online banking for your current limits.

Although these numbers are useful as a general guide, your personal limit may be different.

For example, your bank might approve higher limits if you've been a customer for several years, maintain larger account balances, or use a premium banking package. On the other hand, newer customers or those with basic accounts may have lower limits while their banking profile is established.

It's also important to remember that these are sending limits, not account balance limits. Having enough money in your account doesn't automatically mean you'll be able to transfer the full amount if you've already reached your daily or weekly cap.

Finally, while most banks share similar per-transfer limits, the weekly and monthly limits can make a noticeable difference if you're sending several payments over a short period. If you regularly pay contractors, suppliers, or family members, checking all three limits, not just the daily cap, can help you avoid unexpected delays.

Also read: Understanding Canadian dollar transfers to Canada in global transactions

How to increase your Interac transfer limit

If you've reached your Interac e-Transfer limit, you may be wondering whether you can increase it. The answer is: sometimes.

Because each financial institution sets its own limits, the process varies from bank to bank. Some banks allow eligible customers to request higher limits, while others review increases on a case-by-case basis.

Here's how to find out if you can send more.

1. Check your current limits

Before requesting an increase, log in to your online or mobile banking and check your current Interac e-Transfer limits. Most banks display your per-transfer, daily, weekly, and monthly sending limits, so you can quickly see which limit you've reached and decide on the best next step.

2. Contact your bank

If your limits aren't high enough, get in touch with your bank via online chat, customer support, or a local branch.

Some financial institutions allow you to request a temporary increase for a one-off payment, while others may offer a permanent increase if you qualify.

3. Verify your identity

For security reasons, your bank may ask you to verify your identity before increasing your limits.

Depending on the institution, they may also review:

• Your account type
• How long you've been a customer
• Your account balance and activity
• Your transaction history
• The reason for the larger transfer

4. Consider upgrading your account

Some banks offer higher Interac e-Transfer limits on premium or business accounts.

If you regularly send large payments, whether for work or personal reasons, upgrading your account could give you access to higher limits without needing to request increases each time.

Tip: If you frequently hit your Interac limit, it may be worth asking your bank whether there are alternative payment methods that better suit larger transfers.

What if you need to send more than the Interac limit?

Interac e-Transfer is ideal for everyday payments, but it's not designed for every situation.

If you're making a large purchase, paying international suppliers, sending money abroad, or moving a significant amount between accounts, you'll probably need another option.

Here's how the main alternatives compare.

Bank wire transfers

Wire transfers are among the most common options for sending large amounts.

Unlike Interac, they're available for both domestic and international transfers, and they typically support much higher payment limits. They're often the preferred choice for large purchases, business payments, paying overseas suppliers, or other high-value transfers.

The trade-off is that wire transfers can be more expensive than other payment methods, and traditional banks often add exchange rate markups to international transfers.

If you're comparing payment methods, our guide to the differences between ACH and wire transfers explains when each makes the most sense.

Split the payment across multiple days

If your payment isn't urgent, you may be able to send it in several smaller transfers.

For example, if your daily limit is CAD 10,000 and you need to send CAD 25,000, you could spread the payment across three days.

Just remember that your weekly limit may also affect how quickly you can complete the transfer.

Business payment solutions

Businesses that regularly send payments to employees, contractors, or customers often use specialised payment services instead of standard Interac e-Transfers.

Depending on your bank, these may include:

• Interac Bulk Disbursement
• commercial wire transfers
• payroll platforms
• business banking payment services

These options are designed for higher payment volumes and larger transaction amounts than standard personal banking.

Sending money from Canada

Grey gives you the flexibility to send money within Canada or internationally, all from one app.

For transfers within Canada, you can use Interac e-Transfer to send money quickly to recipients at participating Canadian financial institutions. If you're sending money abroad, Grey also lets you transfer funds to local bank accounts in multiple countries, with competitive exchange rates and transparent pricing.

From splitting a bill with a friend in Toronto to paying a freelancer overseas or supporting family abroad, you can manage your transfers in one place.

If you're looking for a simple way to send money from Canada, Grey makes it easy to move your money wherever it needs to go.

Start your next transfer with Grey today.

Frequently asked questions

Can I send CAD 10,000 in one Interac e-Transfer?

Usually not. Most Canadian banks limit individual Interac e-Transfers to CAD 3,000 per transaction. Even if your daily sending limit is CAD 10,000, you'll typically need to split the payment into multiple transfers.

Are there Interac e-Transfer fees?

It depends on your bank and account. Many Canadian chequing accounts include Interac e-Transfers at no extra cost, while others charge a small fee for each transfer.

How long does an Interac e-Transfer take?

Most Interac e-Transfers are completed within a few minutes. However, delays can happen if additional security checks are required or if the recipient needs to manually accept the transfer.

Can I cancel an Interac e-Transfer?

Yes, but only if the recipient hasn't accepted the transfer or received it through Autodeposit. Once the money has been deposited into the recipient's account, the transfer generally can't be cancelled.

Can I send an Interac e-Transfer internationally?

No. Interac e-Transfer only works between participating Canadian financial institutions. If you need to send money outside Canada, you'll need an international transfer service.

Can I send money within Canada and internationally with Grey?

Yes. Grey lets you send money within Canada using Interac e-Transfer, and you can also make international transfers to supported countries from the same app. This gives you one place to manage both domestic and cross-border payments.

Which option should I choose?

If you're sending money to someone in Canada, Interac e-Transfer is usually the fastest and most convenient option. For recipients in other countries, you can use Grey's international transfer options to send money directly to supported destinations.

If you’ve ever needed to send money to a friend, pay your rent, or split a bill in Canada, you’ve probably come across something called an EMT. An EMT (email money transfer) payment in Canada is the older name for what is now branded as Interac e-Transfer. It lets you send money from your bank account to another person's email address or mobile number within minutes. Most Canadian banks charge $1 to $1.50 per EMT, though many premium accounts include free transfers.

It’s fast, simple, and doesn’t require sharing your bank details. This guide walks you through email money transfer (EMT), what it means, how to send one, what it costs, and what to do when you need to send money beyond Canada's borders.

What is an EMT payment?

EMT stands for email money transfer. It is an electronic money transfer option for sending money from one Canadian bank account to another using just an email address or phone number. No account numbers are shared between sender and recipient.

When you send an EMT, your bank withdraws the funds and notifies the recipient. The recipient logs in to their banking app, answers a security question, and accepts the transfer. The money moves through the Interac network.

The name "EMT" comes from the service's early days. Interac eventually rebranded it as Interac e-Transfer to create consistent naming across all Canadian banks. But many Canadians still use the older term, and it shows up on older rental agreements, freelance invoices, and some bank statements. Both names refer to exactly the same service.

MT vs Interac e-Transfer

There is no difference between an EMT and an Interac e-Transfer. They are the same product.

The rebrand happened because different banks were using slightly different names for the same service. Some called it EMT, others called it e-Transfer. Interac standardised the name to Interac e-Transfer across all institutions.

You might still see "EMT" on:

• Older rental agreements listing payment instructions
• Invoices from freelancers or small businesses using old templates
• Bank statements from institutions that have yet to adopt the new terminology

Whenever you see EMT on a Canadian document, treat it as an Interac e-Transfer and follow the same sending process.

How to send an EMT in Canada

The process is almost identical across all Canadian banks.

1. Access your account: Log in to your online banking or mobile banking app.
2. Find the transfer section: Look for "Interac e-Transfer," "Send Money," or, in older interfaces, "EMT."
3. Add your recipient: Enter their email address or mobile number. If you have paid them before, they may already appear in your saved contacts.
4. Enter the amount you want to send.
5. Create a security question and answer: This is how the receiver verifies the transfer. Choose something they already know, or message them the answer separately. Do not use anything easily guessable.
6. Add a description: This is usually optional, but it is good to include something like "April rent" or "Invoice 042" to help the recipient understand what the payment is for and for your records.
7. Review and confirm: Check all details before confirming. Once you have initiated the transaction, it is difficult to cancel or reverse it.
8. The recipient accepts the transfer: They get an email or text with a link, log in to their bank, and answer the security question. The funds then appear in their account, usually within minutes.

Many Canadians enable “autodeposit” on their account. This skips the security question and deposits the transfer automatically. If you send money to someone with an autodeposit, it reaches them almost immediately, without them needing to take any further action to receive it.

EMT payment fees in Canada

Fees for sending an Interac e-Transfer (EMT) depend on your bank and the type of account you have. The fee is generally around $0-$1.50.

Some Canadian banks have monthly packages that include a certain number of free EMT/Interac e-Transfers. The regular fees start counting after you have exhausted your free transfers.

Note that the fee is charged to your account, and not deducted from the amount you send. So, your transaction might not go through if you don’t have enough left to cover the sending fee after the amount sent is deducted. So, if you

Business accounts usually have a higher fee, typically $1.50 to $2.50 per transfer. Some business packages also include a set number of free EMTs per month.

How to avoid or reduce fees

• Choose a bank that offers free e-Transfers, such as Tangerine, Simplii, or EQ Bank.
• If you send more than 15 to 20 transfers a month, upgrading to a premium account often costs less than paying per transfer.
• For very frequent transfers, consider whether a different payment method (like a direct bank transfer between the same bank) is free

EMT payment limits

Interac does not set a transfer limit. Every bank sets its limits on how much you can send. This limit depends on your account type and how long you have been a customer.

Typical limits for personal accounts across major banks:

• Per transaction: $3,000
• Daily: $3,000 to $10,000
• Weekly: $10,000 to $40,000
• Monthly: $20,000 to $40,000

Business accounts generally have significantly higher limits (sometimes $10,000+ per transfer and much higher daily/weekly caps).

These limits are rolling. This means they are calculated over the previous 24 hours, 7 days, or 30 days. They do not reset at midnight. If you sent a transaction that triggers your limit around 2 pm. The limit is not reset by 12 midnight the next day. It has to be after 2 pm the next day. If you initiate a transaction that triggers your weekly transfer limit on Thursday, it does not reset by Sunday midnight. You have to wait till the next Thursday

To increase your transfer limit, contact your bank directly. Most banks can raise limits for verified customers with a good account history and a valid reason. You may need to show ID and explain the purpose of larger transfers.

Some banks offer Interac e-Transfer Large for transfers between $10,000 and $25,000 per transaction, which requires separate registration.

Sending money internationally from Canada

Interac e-Transfer only works within Canada between Canadian bank accounts. If you need to send money outside the country, whether to family, a supplier, or a client, you need a different method.

Standard international wire transfers from Canadian banks typically cost $25 to $50 per transfer in outgoing fees, plus potential deductions from correspondent banks along the routing chain, and a conversion rate that is not always transparent. For a comparison of how different international transfer methods work, see our ACH vs wire transfer guide.

Grey now supports sending CAD via Interac e-Transfer. This lets you send CAD from anywhere in the world at a flat fee of $3. And because with Grey, you get a multi-currency account with USD, EUR, and GBP account details, you can send and receive these currencies within and outside Canada. Grey processes transfers through the local payment network, with upfront fees. You can also convert between currencies at 0.5% to 1%, and sometimes capped at $6.

Send money internationally with Grey when your transfer needs to go beyond Canada's borders.

Frequently asked questions

Is an EMT the same as an Interac e-Transfer?

Yes, completely. EMT is the older name for the service now called Interac e-Transfer. The process, fees, and network are identical. If someone asks you to pay by EMT, send an Interac e-Transfer to their email address or phone number through your bank's app.

How long does an EMT take to arrive?

For recipients with Autodeposit, usually within minutes. For recipients without Autodeposit, it is pending until they log in and accept it, which can take anywhere from minutes to several days.

Can I cancel an EMT after sending it?

If the recipient has not accepted it yet, you can cancel through your banking app by finding it in pending transfers. If they have already accepted it, or if Autodeposit has triggered, cancellation is not possible. You would need to ask the recipient to return the funds.

Can I send an EMT to the US?

No. Interac e-Transfer is a Canadian domestic service only. For transfers to the US or any other country, you need an international transfer method such as a wire transfer or a service like Grey that shows the full cost upfront.

What happens if the recipient does not accept an EMT?

If the recipient does not accept within 30 days (some banks have a shorter window), the transfer is automatically returned to your account. The original transfer fee is not refunded.

How do I send money internationally from Canada?

For international transfers, your bank's wire service works, but typically costs $25 to $50 outgoing plus potential correspondent bank deductions. Grey is an alternative that shows you the full cost before you confirm, with no hidden conversion margins.

Contactless payments have become part of everyday life in countries that support them. Whether you're buying groceries, booking flights, or shopping online, chances are you've used a digital wallet like Google Pay. But every time you enter your card details on a website, you expose your card number to another merchant. That's where Google Pay's virtual card feature comes in.

A Google Pay virtual card is a tokenised version of your physical card that Google generates for online purchases in Chrome, masking your real card number. It is currently available with select US bank-issued Visa and Mastercard cards. To use one, add your card to Google Pay, enable virtual card numbers in your card settings, and use the autofill option at checkout.

Since Google introduced this feature in 2022, it is now available with Visa, Mastercard, and American Express cards. In this guide, you'll learn how Google Pay virtual cards work, which banks support them, how to set one up, and when they're a better option than using your physical card online.

What is a Google Pay virtual card?

Google Pay (via Google Wallet) handles virtual cards in two ways: you can add a pre-existing third-party virtual debit/credit card to your wallet, or Google Wallet automatically creates a secure virtual account number (token) when you link a physical card.

A Google Pay virtual card is a digital version of your debit or credit card generated by Google during online checkout. Instead of sharing your actual card number with a website, Google creates a unique virtual card number. The payment still comes from your real card, but the merchant never sees your actual card details.

According to Google's official support pages, the feature works through Google Chrome's autofill functionality. When you reach a payment form on a supported website, Chrome detects that a virtual card is available and offers to automatically enter the tokenised number.

This works through a process called tokenisation. Your real card number is replaced by a different number that is mathematically linked to your account. Let’s say there is a data breach on the platform where you used your card, and the virtual number is stolen. The number cannot be used to access your bank account or to make transactions elsewhere.

Which banks support Google Pay virtual cards?

While Google Wallet is available in most parts of the world, Google Pay virtual cards are mostly only available with some US card issuers. However, the list has been growing since the 2022 launch.

Currently supported in the US:

• Capital One (Visa and Mastercard cards)
• American Express (selected cards)
• Citi (selected Visa and Mastercard cards)
• Several other US bank-issued Visa and Mastercard products

Some international markets have access to elements of Google Wallet's tokenisation features, but the full virtual card number feature for Chrome autofill is not universally available outside the US.

The feature usually works with both Visa and Mastercard from supported issuers. Some American Express cards might also be supported, depending on the bank. Check your specific card in Google Wallet to confirm whether virtual card numbers are available for it.

To check if your bank supports Google Pay virtual cards:

1. Open the Google Wallet app.
2. Add your debit or credit card (if it hasn't already been added).
3. Look for an option for virtual cards when paying online, or in the card details.
4. Alternatively, contact your bank and ask: “Does my card support Google Pay virtual card numbers for online payments?”

If your card or bank is not yet supported, we will provide alternatives you can choose. Also, not all payment gateways accept Google Pay virtual card numbers. If this happens, you'll need to use your physical card details instead.

How to use Google Pay virtual card

Using the feature requires Google Chrome on a desktop or Android device, and a supported card added to Google Wallet. Here is how to use a Google Pay virtual card:

Step 1: Add your card to Google Wallet

Open Google Wallet at wallet.google.com or through the Google Wallet app. Add your eligible card by entering the card details or scanning it. Google may send a verification code to your bank.

Step 2: Enable virtual card numbers

Once your card is added, go to the card details in Google Wallet. Look for the option to enable virtual card numbers. Not all cards show this option. If you do not see it, your card may not be eligible yet.

Step 3: Open Chrome and go to a shopping website

The feature works in Chrome on desktop and Android. It might not work in other browsers, such as Safari, Firefox, or Edge.

Step 4: Proceed to checkout.

When you reach the payment form, Chrome will detect your saved Google Pay card and offer autofill. If a virtual card is available, Chrome will show you the option to use a virtual card number instead of your real number.

Step 5: Select the virtual card option

Click or tap to use the virtual card. Chrome fills in the tokenised card number, expiry date, and security code automatically.

Step 6: Complete your purchase

The merchant processes the payment using the virtual number. The charge appears on your real card statement as a normal transaction.

How to find your Google Pay card number

Google doesn’t issue a permanent virtual card number, so you cannot just copy the numbers and use them for other transactions. Instead, the virtual card number is generated every time you need to use your card, which is part of what makes it safe.

To find your Google Pay card number, open your Google Wallet, go to the card, and look for the virtual card or device account number section. This shows you the tokenised card number associated with your account on that device or browser. This is not the same as your real card number printed on the physical card.

Google's system can generate merchant-specific or session-specific numbers. This means the number used at one retailer may differ from the number used at another, even on the same card. This limits the damage if one merchant's systems are compromised.

For many online purchases, the virtual number is passed directly through Chrome's autofill without being displayed to you. This is by design. The system handles the masking automatically, so you do not need to manually copy a virtual number for each purchase.

Google Pay virtual card limitations

Google Pay virtual cards offer extra security for online shopping, but they do have a few limitations.

• Works only in Google Chrome: You can't use the virtual card feature in browsers like Safari, Firefox, or Microsoft Edge.
• Limited device support: It works in Chrome on desktop and Android devices. However, this feature is not available on iPhones or iPads due to iOS restrictions.
• Not every bank is supported. You can only use a Google Pay virtual card if your bank and card issuer support it.
• Available mainly in the US. Most users outside the United States won't have access to Google Pay virtual cards yet.
• May not work on every website. While rare, some online stores don't accept virtual card numbers. If this happens, you'll need to use your physical card details instead.

Alternatives to Google Pay virtual cards

If your bank does not support Google Pay virtual cards, or if you need virtual card functionality that works across more platforms and currencies, there are other options.

• Bank-issued virtual cards

Some US banks issue their own virtual card numbers outside of Google. These virtual cards typically work on any browser, not just Chrome. Check with your specific bank whether they offer this feature.

• Fintech virtual cards

Digital banks and payment platforms like Grey, Payoneer, and Wise issue virtual Visa or Mastercard cards connected to a foreign currency balance. These are separate from your regular bank card and can be used for online purchases anywhere Visa or Mastercard is accepted.

The Grey virtual card is a virtual Visa card connected to USD, GBP, or EUR balances. Unlike Google Pay virtual cards, it works in any browser and on any device. It is particularly useful for international purchases because you can hold the spending currency in your balance and avoid cross-border conversion fees on same-currency transactions.

Once you open a multi-currency account with Grey, you can access USD, GBP, or EUR accounts to receive and hold international payments. You can then get a Grey virtual card linked directly to your foreign currency balance, add it to Google Wallet, and make international or contactless purchases with your phone without currency conversions.

Frequently asked questions

Does Google Pay generate a virtual card for every purchase?

Google Pay uses tokenised card numbers to protect your real card details. Depending on your bank, the virtual number may be unique to a merchant or change over time, helping reduce the risk of fraud.

Which countries support Google Pay virtual cards?

The feature is currently available mainly for eligible cards issued by participating US banks. Availability in other countries is still limited.

Can I use Google Pay virtual card on Safari or Firefox?

No. The Google Pay virtual card autofill feature only works in Google Chrome. On iOS devices, Chrome does not support the feature even after installation, because Apple restricts browser-level payment APIs on the iPhone and iPad.

Is Google Pay virtual card safer than a regular card?

Yes, in the specific sense that your real card number is not exposed to the merchant. If a merchant's payment system is breached, the tokenised number that was stolen cannot be used at other merchants. Your real card number remains safe. Standard card security still applies for all other types of fraud.

What is the best alternative to Google Pay virtual cards?

If you need a virtual card that works across all browsers and devices, or if your bank does not support Google Pay virtual cards, a fintech virtual card is the most flexible option. The Grey Plus Card works on any website in any browser and connects to a multi-currency balance, making it particularly useful for international online purchases.

How do I get a Grey virtual card?

Create a Grey account, complete identity verification, and open a USD, GBP, or EUR balance. You can then create a Grey virtual card from the Cards section of the app. A one-time $5 card creation fee applies.

If you earn in US dollars, pay for USD-billed services regularly, or do business with American clients, having a USD account as a UK resident makes practical and financial sense. Converting every dollar payment to sterling on arrival, at your bank’s rate, costs money every time. A USD account lets you hold the dollars, spend from them, and convert only what you need, when you need it.

The options available to UK residents vary significantly: some provide real US banking details that allow ACH payments from American clients, others hold USD but only receive via SWIFT, and a few have minimum balance requirements that make them unsuitable for most freelancers and remote workers.

This guide covers the seven best USD accounts for UK residents with verified fees and honest limitations for each, so you can find the one that suits your specific situation. For a fuller overview of opening USD accounts as a UK resident, see our full guide to opening a USD account in the UK. For what a foreign currency account actually is, see our explainer on what a foreign currency account is.

What to look for in a USD account as a UK resident

Usually, the most important thing to look out for is whether the account provides a real US routing number and account number, or only receives USD via SWIFT.

A real US routing number and account number let US clients and employers pay you via ACH, the standard US domestic payment method. ACH is free or near-free for the sender, arrives in one to two business days, and requires no manual international wire process. If your account only receives USD via SWIFT, US senders must initiate an international wire, which costs $25 to $50 to send and may incur additional funds for correspondent bank deductions in transit.

Beyond ACH capability, four other things that are important in deciding factors are: whether there is a USD debit card for spending, what the monthly account fee is, what the USD-to-GBP conversion spread is when you do need to convert, and whether the account can be opened without an existing banking relationship or a high minimum balance.

The 7 best USD accounts for UK residents

1. Grey

Grey provides UK residents with a full USD account backed by a real US routing number, account number, and SWIFT code, issued through Grey's US partner bank infrastructure. US clients pay via ACH, the standard domestic transfer method. The full amount arrives in your Grey USD balance in one to two business days, with no correspondent bank deductions.

Key features:

• US routing number and account number for ACH receipt
• SWIFT code for international wire receipt
• No monthly maintenance fee
• Virtual USD card for spending on USD-billed platforms
• Multi-currency: also provides EUR IBAN and GBP sort code and account number
• Conversion fee: 1% capped at $6
• Deposit fee via ACH: 0.8%, capped at $10

Fees: No monthly fee. Deposit fee 0.8% (min $2, max $10). Conversion 1% capped at $6. Virtual card creation is $5.

Best for: UK-based freelancers and remote workers receiving regular USD payments from US clients, and anyone who wants to receive details in EUR and GBP from a single account.

Open a Grey USD account

2. Wise

Wise provides UK residents with a USD account that includes both an ACH routing number and a wire routing number, as well as a linked Wise debit card. ACH receipt is free, while receiving a domestic wire costs $6.11. Wise generally uses the mid-market rate for all conversions and charges a transparent flat fee, typically 0.43 to 0.57% of the converted amount, making it one of the cheapest options for USD-to-GBP conversion.

Key features:

• Real US ACH routing number and wire routing number
• ACH receipt: free
• Domestic wire receipt: $6.11
• Wise debit card available (Wise card; check availability for UK accounts)
• Conversion: mid-market rate plus flat fee from ~0.43%
• 40+ currencies supported
• No monthly fee

Fees: No monthly fee. ACH receipt is free. Wire receipt costs $6.11. Conversion charge is about 0.43% of the amount.

Best for: UK freelancers and remote workers who want the lowest USD-to-GBP conversion margin and a wide multi-currency account. Strong choice alongside Grey for those who need to convert regularly.

3. Revolut

Revolut’s situation for UK personal account holders requires an important clarification. Revolut UK personal accounts receive USD via SWIFT rather than via US local ACH, so US clients cannot pay via standard domestic ACH transfers. This matters for freelancers: US clients paying via SWIFT face a $25 to $50 outbound wire fee, and the transfer takes three to five business days rather than one to two.

Revolut does provide USD accounts with local US ACH details to US-registered users and to UK business users with US incorporation. For most UK personal account holders, however, Revolut’s USD account is a currency holding and SWIFT receipt account rather than a true ACH-capable US account.

Standard plan holders can exchange up to £1,000 per month for free, with a 1% fair usage fee above that.

Key features:

• USD currency account available for UK personal and business customers
• UK personal accounts: USD received via SWIFT only, not ACH
• Revolut debit card for spending in USD
• Standard plan: no monthly fee, £1,000/month free exchange
• Premium plan: £7.99/month, £3,000/month free exchange
• Exchange above monthly limit: 0.5% fair usage fee

Fees: Standard plan: free. Premium: £7.99/month. Exchange: free within monthly limit, 0.5% above.

Best for: UK residents who want to hold and spend USD with a card and are comfortable receiving via SWIFT, or businesses with US incorporation needing ACH capability.

4. Barclays foreign currency account

Barclays offers USD accounts to both personal and business customers through its foreign currency account product. For personal customers, USD accounts are available through Barclays International Banking, which requires holding a minimum of £100,000 with Barclays to qualify. This makes it inaccessible for most freelancers and early-stage remote workers.

For business customers, Barclays offers a foreign currency account without the minimum balance requirement that applies to existing business banking customers. No debit card is issued with the foreign currency account, which limits its use for day-to-day USD spending.

Key features:

• USD account available for existing Barclays customers
• Personal: minimum £100,000 balance requirement for Barclays International Banking
• Business: available to existing business customers without the same minimum requirements
• No debit card issued with a foreign currency account
• SWIFT wire receipt
• Transfers between Barclays accounts are fee-free

Fees: Varies by account type.

Best for: Existing Barclays business customers who need a USD holding account for international trade and already have a Barclays business relationship.

5. HSBC Expat (Jersey)

HSBC Expat, based in Jersey, provides multi-currency accounts including USD to UK residents and expatriates. It supports around 19 currencies, including GBP, USD, and EUR, and is designed for internationally mobile clients who want a relationship-based banking experience with a dedicated account manager.

The trade-off is the high minimum balance requirement and fees. HSBC Expat expects significant deposits or salary thresholds and applies an exchange adjustment of approximately 2.75% to non-sterling card payments and withdrawals. This makes regular USD-to-GBP conversion expensive compared to fintech alternatives.

Key features:

• 19 currencies supported, including USD
• Relationship manager and personal service
• Fee-free global transfers under qualifying conditions
• ~2.75% exchange adjustment on non-sterling card use
• High balance or salary thresholds to qualify
• SWIFT wire receipt

Fees: Monthly fees apply depending on the account package; minimum balance thresholds are required. Verify current requirements directly with HSBC Expat.

Best for: High-net-worth UK residents and expats who want a relationship banking experience, personal service, and multi-currency management alongside significant GBP and USD balances.

6. Citibank UK

Citibank UK offers international banking services to UK residents, including USD accounts. Citibank’s global network is one of its primary advantages: clients can access accounts and services across Citibank’s international presence, which is useful for those who live and work across multiple countries.

Citibank UK’s private banking and international personal banking services are positioned for higher-income clients. Eligibility requirements and minimum balance thresholds apply, making it less accessible for freelancers or remote workers with moderate USD income.

Key features:

• USD accounts available alongside GBP and other currencies
• Global account access via Citibank’s international network
• Relationship banking with dedicated support
• SWIFT wire receipt for international payments
• Minimum balance and income thresholds apply

Fees: Varies by product tier. Contact Citibank UK directly for current eligibility and fee requirements.

Best for: UK residents with significant international banking needs who want a global bank with multi-country account access and are comfortable meeting higher eligibility thresholds.

7. Starling Business (USD add-on)

Starling Bank offers a USD account add-on for existing Starling business account holders. The USD account costs £5 per month and allows business customers to hold and receive USD alongside their GBP business account. Note that at the time of research, Starling has paused issuing new USD accounts: check directly with Starling before applying, as availability may have changed.

The Starling USD account does not provide local US ACH routing numbers. USD receipts come in via SWIFT rather than ACH. It is also only available to businesses with a registered UK entity, not to sole traders.

Key features:

• USD account add-on for Starling Business account holders
• £5 per month
• Requires an existing GBP Starling Business account
• Available to registered UK businesses, not sole traders
• SWIFT wire receipt, not ACH
• No local US routing number

Fees: £5 per month for the USD add-on, plus the Starling Business account fee.

Best for: UK-registered businesses that already use Starling for their GBP operations and want a simple USD holding account alongside it, with ACH not required.

Which USD account is best for UK freelancers?

For UK freelancers earning USD from US clients, the single most important feature is a real US ACH routing number and account number. Without one, your US client must send an international wire, which costs them $25 to $50 and takes three to five business days. With one, they pay via ACH as if you were a US-based vendor: free, fast, and fully automated in their accounting system.

Of the seven options above, only Grey and Wise provide UK residents with full US ACH routing details as personal account holders. Revolut UK personal accounts receive USD via SWIFT only, which defeats the purpose for freelancers billing US clients. Traditional banks (Barclays, HSBC, Citibank) have minimum balance requirements or relationship thresholds that make them inaccessible for most freelancers.

Between Grey and Wise, both are strong options. Grey's fee caps (deposit capped at $10, conversion capped at $6) make it more cost-effective for larger individual payments. Wise’s lower percentage conversion fee (0.43%) makes it cheaper for smaller, more frequent conversions. Many UK freelancers use both.

For a fuller picture of how to get paid by clients based in the US, see our guide on how UK freelancers get paid by overseas clients. If you also work with European clients, our piece on how to open a euro account in the UK covers the EUR equivalent of this comparison.

Open a Grey account and get a real USD account number and routing number in minutes, from anywhere in the UK.

Frequently asked questions

Can I get a real US bank account as a UK resident?

Yes. Grey and Wise both provide UK residents with real US account numbers and ACH routing numbers without requiring a US address, US entity, or a visit to the US. These accounts function like domestic US bank accounts for payment purposes: US clients and employers can pay via ACH as a standard domestic transfer. Traditional US banks generally require a US address and in-person opening, which makes them inaccessible to most UK residents.

Which is better, Wise or Grey, for a USD account?

Both provide real ACH routing details and are the strongest options for UK freelancers receiving USD from US clients. Wise charges a conversion fee of approximately 0.43% of the amount, with no cap, using the mid-market rate. Grey charges a 0.8% deposit fee, capped at $10, and a 1% conversion fee, capped at $6. For smaller, frequent conversions, Wise’s lower percentage rate is cheaper. For larger individual payments above approximately $1,000, Grey's fee caps mean a lower total cost. Many users hold both accounts.

Does Revolut give UK residents a real USD account number?

Revolut UK personal accounts offer USD accounts, but inbound USD payments for UK account holders are received via SWIFT rather than via local US ACH. This means US clients cannot pay via standard ACH transfer and must send an international wire instead. Revolut Business accounts with US incorporation can access local US ACH details. For UK personal account holders who need ACH capability, Grey or Wise are the more suitable options.

Can I receive ACH payments into a UK USD account?

Yes, if the account provides real US ACH routing details. Grey and Wise both provide UK residents with ACH routing numbers and US account numbers that accept domestic ACH payments from US senders. Revolut UK personal accounts, Barclays foreign currency accounts, and Starling USD business accounts do not provide local US ACH details and receive USD only via SWIFT.

What is the cheapest USD account for UK residents?

For no monthly fee and low conversion costs, Grey and Wise are both strong options. Grey has no monthly fee, charges 0.8% on deposits capped at $10, and 1% on conversion capped at $6. Wise has no monthly fee, charges nothing to receive via ACH, and converts at approximately 0.43% above the mid-market rate. Revolut’s Standard plan is free but has monthly exchange limits of £1,000 before a 0.5% fair usage fee applies, and UK personal accounts don’t provide ACH details. Traditional bank USD accounts (Barclays, HSBC, Citibank) tend to have higher fees and minimum balance requirements.

Online payments have changed dramatically over the last decade. Instead of typing card details into every website, millions of shoppers now prefer digital wallets that let them pay with a single login. For many people, PayPal has become the go-to option for buying online, paying freelancers and checking out without sharing bank or card information with every merchant.

For years, PayPal offered PayPal Key, a virtual card service that generated a digital card number for online purchases. However, PayPal discontinued PayPal Key in 2022, leaving many users wondering whether PayPal still provides a virtual card.

Today, while PayPal no longer offers a standalone virtual card, there are still ways to make secure card-not-present payments. You can pay directly at checkout using your PayPal balance, linked bank account or saved cards, or use the PayPal Debit Card, which works with a digital wallet for eligible users. This guide explains the available options, their limitations and the best alternatives for online shopping.

Also read: How to spend globally with the new Grey Virtual Card

Does PayPal still offer a virtual card?

No. PayPal no longer offers PayPal Key, its former virtual card service, which was discontinued in 2022.

For several years, PayPal Key gave users a convenient way to shop online by generating a virtual card number linked to their PayPal account. It worked anywhere Mastercard was accepted online, making it especially useful for subscriptions, one-time purchases and merchants that didn't support PayPal checkout directly. However, PayPal discontinued PayPal Key in 2022, making it no longer available to new or existing users.

Although the virtual card has been retired, PayPal still offers secure ways to pay online. You can complete purchases using your PayPal balance, linked bank account or saved debit and credit cards at participating merchants. In some markets, PayPal also offers the PayPal Debit Card, which lets eligible users spend their PayPal balance and can be added to supported digital wallets for contactless and online payments. While these options provide flexibility, they are not standalone virtual cards like PayPal Key once was.

How to use PayPal for secure online payments

PayPal Key may be gone, but that doesn't mean PayPal has stopped being useful for online shopping. Millions of merchants worldwide still let customers check out with PayPal, allowing buyers to complete purchases without sharing their debit or credit card details directly with every website. For many users, this remains the easiest way to add an extra layer of protection to online payments.

When shopping on a website that accepts PayPal, simply select PayPal at checkout, sign in to your account and choose your preferred payment method. Depending on your account, the payment can come from your PayPal balance, linked bank account or a saved debit or credit card.

If you're eligible for the PayPal Debit Card, you can also use the card details displayed in the PayPal app for supported online purchases. Adding the card to Apple Pay or Google Wallet provides another convenient way to pay securely in stores and online where those digital wallets are accepted.

Also read: Grey card vs other virtual cards: What you should know

How to get a PayPal virtual card in 2026

If you're looking for a PayPal virtual card, the first thing to know is that PayPal Key is no longer available. PayPal discontinued its standalone virtual card service in 2022, so you can't sign up for or activate it today. Many articles still recommend PayPal Key, but those guides are outdated and no longer reflect PayPal's current products.

The closest alternative is the PayPal Debit Card, which is available to eligible users in supported countries. After your application is approved, you can access your card details in the PayPal app and use the card for eligible online purchases or add it to supported digital wallets such as Apple Pay and Google Wallet.

To get started, sign in to your PayPal account and look for the PayPal Debit Card section. If you're eligible, complete the application and activate your card. Once issued, you'll be able to view your card information in the app and use it wherever the PayPal Debit Card is accepted.

Best PayPal virtual card alternatives

Since PayPal no longer offers PayPal Key, users looking for a virtual card now have several reliable alternatives. Fintech platforms and traditional banks both provide virtual card solutions, although features, fees and availability vary.

The right choice depends on how you plan to use your virtual card. If you regularly receive international payments before spending them online, Grey offers greater flexibility with foreign currency balances

Why a Grey virtual card may be a better fit

Choosing the right virtual card depends on how you earn and spend your money. If your income comes from international clients or overseas employers, a Grey virtual Visa card offers more than just a way to pay online. It is a real virtual Visa card that can be funded directly from your USD, GBP or EUR balance, issued instantly and used anywhere Visa is accepted for online purchases.

That makes Grey particularly useful for paying for software subscriptions, cloud services, online advertising, travel bookings, streaming platforms and purchases from international merchants. Because there are no foreign transaction fees, you can spend your foreign currency without unnecessary charges eating into your balance. For freelancers, remote workers and digital professionals who already receive international payments, Grey brings earning, holding and spending global currencies together in one seamless experience.

Frequently asked questions

What happened to the PayPal Key?

PayPal Key was PayPal's virtual card service that generated a digital card number for online purchases. The company discontinued the product in 2022, and it hasn't returned. Today, users must rely on other PayPal payment options or choose a third-party virtual card provider.

Can I generate a PayPal virtual card number in 2026?

No. PayPal no longer lets users generate a standalone virtual card number like PayPal Key. If you need a virtual payment card for online shopping, you'll need to use an alternative offered by a fintech company or an eligible bank.

Does the PayPal Debit Card work like a virtual card?

Not exactly. The PayPal Debit Card is a physical debit card linked to your PayPal balance, although eligible users can view its details in the PayPal app and add it to supported digital wallets. It is not the same as the discontinued PayPal Key virtual card.

Can I use my PayPal balance at any online store?

Only if the merchant accepts PayPal at checkout. If a website doesn't support PayPal payments, you generally can't use your PayPal balance directly. In those cases, you'll need another payment method, such as a debit card, credit card or a virtual Mastercard.

What is the best PayPal alternative for online shopping?

The best alternative depends on your needs. If you want a dedicated virtual card for international purchases, providers such as Grey, Wise and Revolut are strong options. They offer virtual cards designed for secure online payments, with features that PayPal Key no longer provides.

How do I get a Grey virtual card?

Create a Grey account, complete the required verification and fund your supported foreign currency wallet, such as USD, GBP or EUR. Once eligible, you can issue a virtual Visa card through the Grey app and start using it for online payments almost immediately.

PayPal remains a trusted way to pay online, but its standalone virtual card is no longer available. If you need a real virtual Mastercard for secure global shopping and subscriptions, open a Grey account or download the app to get instant access and spend directly from your USD, GBP or EUR balance.

Every time you shop online, your payment details pass through multiple systems before reaching the merchant. While most transactions are completed safely, data breaches, phishing attacks and card theft remain common concerns for online shoppers. That's why many banks have introduced virtual payment tools that help customers protect their real card numbers without changing the way they shop.

Citibank's solution is Citi Virtual Account Numbers (VAN), a feature that generates a temporary card number linked to your eligible Citi credit card. Instead of sharing your actual card details with every merchant, you can use the virtual number for online purchases, reducing the risk if a retailer's payment system is compromised.

This guide explains how Citi Virtual Account Numbers work, who can use them, how to generate one, the security benefits they offer and the situations where a virtual card is a smarter choice than using your physical card online.

Also read: How to shop in the US or Europe with your Grey card

What is a Citibank virtual card?

Shopping online is convenient, but every purchase also means trusting another merchant with your card details. To reduce that risk, Citibank introduced Citi Virtual Account Numbers (VAN), a security feature that lets eligible cardholders generate a temporary card number linked to their existing Citi credit card. The virtual number can be used instead of your actual card number when making online purchases, helping keep your real payment details private if a merchant experiences a data breach or security incident.

Citi Virtual Account Numbers are available to eligible Citi credit cardholders, although availability depends on your card type and location. Citibank offers this feature to give customers greater protection against online fraud while maintaining the convenience of card payments. Because each virtual number is tied to your Citi account rather than replacing it, purchases, rewards and billing continue to work as they normally would, but with an added layer of security for online transactions.

How to find your Citibank virtual card number

Eligible Citi cardholders can create a Virtual Account Number through their online account, customise its settings and start using it for secure online purchases within minutes.

• Sign in: Log in to your Citi Online account using your username and password, then access the credit card eligible for Citi Virtual Account Numbers.
• Open card: Select your eligible Citi credit card and navigate to the Virtual Account Numbers feature, where you can create and manage temporary card numbers.
• Create number: Generate a new Virtual Account Number and customise settings such as the expiration date and spending limit to suit your planned purchase.
• View details: Once generated, copy the virtual card number, expiration date and security code displayed on the screen for your online transaction.
• Use online: Enter the Virtual Account Number at checkout instead of your physical card details to complete eligible online purchases with an added layer of security.

Also read: How to pay online and in stores worldwide with your phone

Best ways to use your Citibank virtual card for safer online payments

Citibank Virtual Account Numbers are most effective for online purchases where extra security matters, helping protect your real card details without changing how you pay.

• Subscription services: Use a Virtual Account Number when paying for streaming platforms, software licences or cloud storage. Setting an expiration date or spending limit can help you manage recurring payments and reduce the impact of unauthorised charges if your payment details are compromised.
• One-time purchases: When shopping from a retailer you don't expect to use again, generate a new Virtual Account Number instead of sharing your permanent card details. This keeps your actual Citi card number hidden while completing the purchase normally.
• Unfamiliar websites: Buying from a merchant you've never used before carries some risk. A Citibank Virtual Account Number adds another layer of protection because the temporary number can be limited or replaced without affecting your physical credit card.
• Checkout process: Enter the Virtual Account Number, expiration date and security code exactly as you would a regular Citi credit card. If the merchant accepts Mastercard or Visa, depending on your Citi card, the payment is processed through your linked account.

What are the limitations of a Citibank virtual card?

Citi Virtual Account Numbers improve online payment security, but they are not available to every Citi customer. Not all Citi credit cards support the feature, and availability may vary by card type and country. Before looking for the option in your online account, confirm that your card is eligible for Citi Virtual Account Numbers.

There are also practical limitations to keep in mind. Virtual Account Numbers are designed primarily for online purchases and generally cannot be used for in-store transactions. Some merchants that require the original card at the point of collection, such as certain hotels or car rental companies, may reject them. In addition, some recurring subscriptions and automatic billing arrangements may not work if the virtual number expires or reaches its spending limit. Finally, not every online merchant accepts virtual card numbers, so your physical Citi card may still be needed in some situations.

Also read: Grey card vs other virtual cards: What you should know

Best alternatives to Citibank virtual cards

If your Citi card isn't eligible or you need more flexibility, several banks and fintech companies offer virtual cards designed for different spending needs and international payments.

• Grey virtual card: Best for freelancers, remote workers and global earners. Fund your virtual Visa card with USD, GBP or EUR balances and use it for secure online shopping and international payments.
• Capital One: Eligible Capital One credit cardholders can generate virtual card numbers for online purchases, making it a strong option for customers who already bank within the Capital One ecosystem.
• Chase: Selected Chase credit cards include virtual card features that help protect your actual card number during online shopping while maintaining access to your existing rewards and account benefits.
• Wise: Wise offers virtual cards in supported regions, making them ideal for travellers and international shoppers who regularly spend across multiple currencies using their Wise account balance.
• Revolut: Revolut provides standard and disposable virtual cards, giving users extra protection when shopping online or paying unfamiliar merchants while managing spending directly from the app.
• Bank virtual cards: Many traditional banks now offer virtual card numbers for eligible credit cardholders. If you already have a credit card, check with your bank before opening a new account elsewhere.

Frequently asked questions

Do all Citibank cards support virtual card numbers?

No. Citi Virtual Account Numbers are only available on eligible Citi credit cards, and availability depends on your card product and country. If you can't find the feature in your online account, your card may not qualify. Check Citi's documentation or contact customer support to confirm eligibility.

Can I use a Citibank virtual card for subscriptions?

Sometimes, but it depends on how you've configured the virtual number. If the card expires or has a spending limit that is reached, recurring payments may fail. For long-term subscriptions, it's important to choose settings that remain valid for the entire billing period.

How long does a Citibank virtual card number stay active?

A Citi Virtual Account Number remains active until the expiration date you choose or until it is cancelled, depending on the available settings. If the number expires before a merchant processes another payment, future transactions using that virtual number will be declined.

Can I generate multiple Citibank virtual cards?

Yes. Eligible Citi cardholders can generate multiple Virtual Account Numbers for different online purchases. Using separate numbers for different merchants helps reduce risk and makes it easier to replace a compromised virtual number without affecting payments made to other retailers.

What is the best alternative for international online shopping?

If you frequently buy from international websites or pay in foreign currencies, a virtual card linked to a multi-currency account is often the better choice. Platforms like Grey let you hold USD, GBP and EUR, making international online payments more convenient and cost-effective.

How do I get a Grey virtual card?

Open a Grey account, complete the required identity verification and fund your supported foreign currency wallet. Once you're eligible, you can instantly create a Grey virtual Visa card in the app and start paying securely at online merchants that accept Mastercard worldwide.

Citi Virtual Account Numbers add an extra layer of security to online shopping, but they aren't available to every cardholder. For a virtual Mastercard built for global spending, open a Grey account or download the app to get instant access and pay online using your USD, GBP or EUR balance.