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Sending to CAD
|TransferWise Fee||See pricing page||We have tailored pricing for transfers to CAD, so you can check the cost of your transfer on our pricing page.
You can also see how we work out our fees.
|Delivery time*||Up to 24 working hours||*After payout. Please keep in mind that TransferWise can take up to two 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|
|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 see our other currency FAQs more information|
|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 this is received.|
Sending from CAD
|TransferWise fee||See pricing page||
We have tailored pricing for transfers from CAD, so you can check the cost of your transfer on our pricing page.
You can also see how we work out our fees and a more specific explanation of our CAD fees
|Time for deposit to reach TransferWise*||1-3 working days*||Depending on pay-in method. 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||Debit cards carry an additional 1.15% fee, and credit cards carry and additional 1.75% fee.|
|Maximum amount for Local Wire Transfer||1,500,000 CAD per transfer|
|How to send money||Direct Debit, Local Bank Transfer, Credit or Debit Card||Learn more about each method by clicking the links to the left.
Please note Interac transfers are currently not supported.
|Sender occupation||Yes||If your profile address is based in Canada we will ask for your occupation, which can be selected in a drop-down menu.|
|Dual verification||Yes||When you make transfers from Canada in CAD, we might ask you to upload two documents for dual verification. You can read about this here.|
|Amount Lock Transfers||No|
|Guaranteed Rate||Yes||You can learn more about our guaranteed rate for CAD here.|
|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.|
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 wish 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.
When sending to CAD from AUD (Australian Dollars), a recipient address is requested and is mandatory.
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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