When you pay by direct debit, you enter your bank information and authorize a one-time debit from your checking account to ours. You need to do this each time you pay by direct debit.
Here are some common questions about paying by direct debit from Canada.
How long does it take for my money to reach TransferWise?
How much can I send?
Can I pay by direct debit from my business account?
Can I send an out of band payment?
I have a problem paying by direct debit
It usually takes 1–2 working days for the money to leave your account, and then 3–4 working days for it to reach TransferWise.
Since it can take some time for the money to reach us, be sure you have enough money in your account while you wait for the debit.
You can send up to 9,500 CAD every 24 hours (and up to 30,000 CAD every 2 weeks) from personal accounts only.
Currently, we don’t support direct debits from business accounts. So you won’t see the option when you choose how to pay.
We can't accept out of band payments. You can only initiate a direct debit within the TransferWise website or app.