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Canadian Bill Payments to TransferWise

Some financial institutions/banks in Canada have added TransferWise as a bill payee option that can be paid via your online banking. Once you make a payment to TransferWise as a bill payee, you can store the money in your borderless account or convert it to another currency and send it to yourself or a third party. 

To see if your bank supports TransferWise for online bill payment (also called OBTs or bill payments), you can contact your bank to ask.
 
Below is a list of financial institutions that include TransferWise as a bill payee and examples of how to make a bill payment to TransferWise.

Supported financial institutions

TransferWise is a bill payee and can be paid via the online banking of the following financial institutions:
  • Bank of Montreal
  • National Bank of Canada
  • Central 1 credit unions
Money sent to TransferWise using this method should reach your TransferWise account in 2-3 business days, and we’ll be sure to notify you via email once it’s received.

Making a Bill Payment

If you’re not sure how to make a bill payment via online banking, you can ask your bank or refer to the example from the Bank of Montreal (BMO) below.

BMO

In order to send CAD to TransferWise via bill payment from your BMO bank account, you’ll need to follow these steps.

1. Log into your online BMO account
2. Select the "Payments and Transfers" tab at the top of the screen
3. From the drop down select "Make a Payment"
4. Click on "Add a Payee"
5. Enter in the following details about TransferWise
  • Payee Province - ON (Ontario)
  • Payee Name - TransferWise
  • Account number- Your TransferWise membership number (Starts with an upper P, no spaces or dashes)
6. Click "Verify Payee"

Once TransferWise has been added as a payee, you’ll be able to use the bill payment method to pay TransferWise. To initiate a payment, you’ll need to go back to the "Make a Payment" page, then simply choose which of your bank accounts you want to send from (if you have more than one), choose your new payee (TRANSFERWISE) from the drop down, type in the amount you wish to transfer and indicate the date of the transfer. Submit the transfer and your money is on its way.

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