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
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.
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)
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.