CAD transfers

CAD transfers

Here you'll find everything you need to know about sending to and from Canadian Dollars. 

Check the latest fees

Sending to CAD
Sending from CAD
CAD refunds
Additional note


Sending to CAD                                                                       
Basic information   Notes
Delivery time Up to 24 working hours After payout. Please keep in mind that TransferWise can take up to 2 working days to convert your money after receiving it
Maximum amount (per transfer)   This will depend on the currency that you are sending from
Countries we can send to Canada only  
Additional receiving banking fees None  
Required details    
Recipient full name Yes Please include first name and surname. There is a 35 character limit, and please use only standard Latin letters (a–z)
Recipient account type Yes Checking or savings
Recipient transit and account number Yes Transit number should be 5 digits and local account number should be a minimum of 7 digits (without spaces)
Recipient institution number Yes Institution number should be 3 digits
Amount lock transfers Yes The currency you're sending from must also be able to send fixed amounts. Please check the currency you're sending from in our Currencies pages for more details
Reference sent with transfer Via email only Reference is not sent along with the bank transfer, but is sent to the recipient in their confirmation email. Please be sure to enter the recipient's email address correctly when setting up your transfer to ensure they receive it


Sending from CAD                                                                    

Basic information   Notes
Time for deposit to reach TransferWise 1–3 working days* Depending on how you pay for your transfer. Direct debit will usually arrive to us within 1–3 days, local bank transfer will usually arrive to us within 1 working day
Maximum amount CAD direct debit 9,500 CAD per 24 hours for direct debit transfers There is also a bi-weekly limit of 30,000 CAD for direct debit transfers
Maximum amount for credit and debit cards 3,000 CAD per transfer  
Maximum amount for local wire transfer 1,500,000 CAD per transfer  
How to send money Direct debitlocal bank transfer, credit or debit card, online bill transfer Learn more about each method by clicking the links to the left.
We currently don't support Interac transfers
Required details    
Sender occupation Yes If your profile address is in Canada, we'll ask for your occupation, which can be selected in a dropdown menu
Dual verification Yes When you make transfers from Canada in CAD, we might ask you to upload 2 documents for dual verification. You can read about this here
Amount lock transfers No  
Guaranteed rate Yes  
Business transfers Yes We can only accept money from Canadian businesses when sent to us by local wire transfer, online bill payment, or paid by debit or credit card


CAD refunds

If you cancel your transfer from CAD after your money has arrived to TransferWise (if you paid using one of the payment methods listed above), and before it has been sent out, then we can simply refund your money back to you. See what is required to complete the refund for your payment method below.

Direct debit transfer

Direct debit refunds are automatic, so we don't need any details from you.

As soon as your money arrives to us, we can simply send it back to the account it came from. 

It should then take 2 working days maximum to arrive back into your account.

Local wire transfer

If you want to cancel a transfer that you've paid for by making a local wire transfer or an online bill payment, we need the following details to send your money back to you:
  • Account holder name
  • Institution number
  • Transit number
  • Bank account number

To make sure these details belong to you, we also need a proof of bank account showing the name and account number. Once the proof is reviewed, the refund will then take 3 working days maximum to arrive back into your sending account.


Additional note

When sending to CAD from AUD (Australian Dollars), you'll need to include the recipient's address.

TransferWise Canada Inc. is registered in Canada with the Financial Transactions Reports Analysis Centre of Canada ("FINTRAC"). FINTRAC registration number M15193392, registered as a money service business and able to provide foreign exchange dealings and money transfer services to customers resident in Canada.

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