Transferwise USD to CAD

Launched in 2011, Wise is an international money transfer service started with the aim of making international money transfers more accessible and faster.

With Wise, you can send money overseas and open a multi-currency account to exchange 50+ currencies.

Wise also offers transparent pricing without adding mid-market exchange rates.

Since Wise uses its own payment network, its money transfer costs are significantly reduced compared to money transfer methods.

How Long Does Wise Money Transfer Take?

Wise transfers are generally faster. While 40% of Wise's international transfers are instant, 80% can be delivered within 24 hours.

How long it takes for your Wise money transfer to arrive ultimately depends on the currencies and countries involved, how you pay, and the value of the payment.

If you're transferring money after working hours or if there's a holiday, the money may take a long time to arrive.

Before you start your transfer, you'll see an estimated delivery time. You can then track your money in the Wise app to confirm whether it has arrived.

Exchange Rates

The current exchange rate is 1000 USD for 771.05 CADs. However, this can change every second depending on FX market conditions.

To get a rough estimate of the rates, you can check the historical data for the last 90 days.

Wise Business Account

You can make international transfers and open a business multi-currency account if you are a wise business customer.

This way, you can benefit from the perks that Wise offers and enjoy a range of friendly features too. Some of these features include;

31 USD one-off payment for full account functionality, then no monthly fee and no minimum balance
Make international payments 6x cheaper
Get paid using local account details in 10 currencies
withdraw money from Amazon, Stripe, and other marketplace platforms
Manage user permissions and add teams
Pay up to 1,000 people in different currencies
Enjoy using cloud-based accounting services like Xero and Quickbooks for easy reco

Is Wise a Bank?

Although Wise isn't a bank, it's regulated similarly to a normal bank, meaning it's safe.

Wise is also FinCEN registered and licensed as a money transmitter in most US states and territories.

In the areas where it doesn't have a license, it partners with Community Federal Savings Bank to offer services.

In addition, Wise employs a range of manual and automated processes to ensure your money is safe.

These include regular auditing, 2-factor authentication, and a 24/7 anti-fraud operation.

Alternative to Transferwise: RemitBee

Choosing the best money remittance service for you is essential. With RemitBee, you can be confident that our remittance services are uncomplicated and will give you the best deals possible. As a matter of fact, our rates and fees are better than average banks and Transferwise

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Estimated delivery time

Download Remitbee Mobile App

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