Our fees on transfers from CAD will change on May 17

TransferWise content team
11.05.18
5 minute read

Heads up – this post is divided into 2 general sections:

  1. Why we're changing our fees (and why they’re going down on most transfers and up on others)
  2. The new fees

If you’re not very interested in the “why”, and you just want to know how the new pricing will affect your transfers, go straight to the new fees.


Why we're changing our fees

We believe sending money to another country should be as cheap as sending an email. Yes, we think it should be free – because when money can move around the world as easily as ideas can, we’ll all be better off.

We’re not there yet, but that’s the goal we’re shooting for. So when we can lower fees, we do it.

Why most fees are going down

When we opened for business, we based our fees on how much transfers cost us to process.

Since then, we’ve gained a lot of customers, and they've driven our costs down on many transfer amounts and routes. At the same time, we've gotten better at what we do, and that's brought our costs down too.

We’ve used those savings to lower our fees where we could, which means that starting on May 17, most of you will be able to send money for even less.

Why some fees are going up

Unfortunately, despite our best efforts, some transfers still cost us a little more than we originally estimated.

We’re raising our fees on those transfers to cover our costs. We know that isn't great news for the people whose fees are going up, and we're sorry about that.

We'll bring those fees back down as soon as we can. (And remember, you can always save a little money by funding your transfer with a bank transfer, rather than a card.)

The new fees

Where you're sending Direct debit fee Bank transfer fee Debit card fee Credit card fee
CAD to AED $3.00 + 1.20% $10.00 + 0.95% $2.75 + 2.10% $2.75 + 2.70%
CAD to AUD $1.00 + 0.80% $8.00 + 0.55% $0.75 + 1.70% $0.75 + 2.30%
CAD to BDT $3.00 + 1.45% $10.00 + 1.20% $2.75 + 2.35% $2.75 + 2.95%
CAD to BGN $1.25 + 0.95% $8.25 + 0.70% $1.00 + 1.85% $1.00 + 2.45%
CAD to BRL $1.75 + 1.60% $8.75 + 1.35% $1.50 + 2.50% $1.50 + 3.10%
CAD to CHF $2.00 + 0.75% $9.00 + 0.50% $1.75 + 1.65% $1.75 + 2.25%
CAD to CLP $3.25 + 2.00% $10.25 + 1.75% $3.00 + 2.90% $3.00 + 3.50%
CAD to CNY $8.25 + 1.00% $15.25 + 0.75% $8.00 + 1.90% $8.00 + 2.50%
CAD to COP $0.50 + 3.45% $7.50 + 3.20% $0.25 + 4.35% $0.25 + 4.95%
CAD to CZK $0.75 + 0.75% $7.75 + 0.50% $0.50 + 1.65% $0.50 + 2.25%
CAD to DKK $1.50 + 0.85% $8.50 + 0.60% $1.25 + 1.75% $1.25 + 2.35%
CAD to EGP $2.25 + 1.10% $9.25 + 0.85% $2.00 + 2.00% $2.00 + 2.60%
CAD to EUR $1.00 + 0.85% $8.00 + 0.60% $0.75 + 1.75% $0.75 + 2.35%
CAD to GBP $1.00 + 0.75% $8.00 + 0.50% $0.75 + 1.65% $0.75 + 2.25%
CAD to GEL $1.00 + 0.90% $8.00 + 0.65% $0.75 + 1.80% $0.75 + 2.40%
CAD to HKD $1.75 + 1.00% $8.75 + 0.75% $1.50 + 1.90% $1.50 + 2.50%
CAD to HRK $1.75 + 1.00% $8.75 + 0.75% $1.50 + 1.90% $1.50 + 2.50%
CAD to HUF $1.50 + 0.70% $8.50 + 0.45% $1.25 + 1.60% $1.25 + 2.20%
CAD to IDR $1.75 + 0.90% $8.75 + 0.65% $1.50 + 1.80% $1.50 + 2.40%
CAD to ILS $2.25 + 1.25% $9.25 + 1.00% $2.00 + 2.15% $2.00 + 2.75%
CAD to INR $0.95 + 0.95% $7.95 + 0.70% $0.75 + 1.85% $0.75 + 2.45%
CAD to JPY $3.25 + 1.05% $10.25 + 0.80% $3.00 + 1.95% $3.00 + 2.55%
CAD to KES $3.00 + 1.10% $10.00 + 0.85% $2.75 + 2.00% $2.75 + 2.60%
CAD to KRW $2.50 + 1.70% $9.50 + 1.45% $2.25 + 2.60% $2.25 + 3.20%
CAD to LKR $1.50 + 1.10% $8.50 + 0.85% $1.25 + 2.00% $1.25 + 2.60%
CAD to MAD $3.25 + 1.30% $10.25 + 1.05% $3.00 + 2.20% $3.00 + 2.80%
CAD to MXN $1.25 + 1.10% $8.25 + 0.85% $1.00 + 2.00% $1.00 + 2.60%
CAD to MYR $2.75 + 0.85% $9.75 + 0.60% $2.50 + 1.75% $2.50 + 2.35%
CAD to NGN $1.00 + 0.90% $8.00 + 0.65% $0.75 + 1.80% $0.75 + 2.40%
CAD to NOK $1.25 + 0.75% $8.25 + 0.50% $1.00 + 1.65% $1.00 + 2.25%
CAD to NPR $10.75 + 0.85% $17.75 + 0.60% $10.50 + 1.75% $10.50 + 2.35%
CAD to NZD $1.00 + 0.80% $8.00 + 0.55% $0.75 + 1.70% $0.75 + 2.30%
CAD to PEN $3.25 + 1.60% $10.25 + 1.35% $3.00 + 2.50% $3.00 + 3.10%
CAD to PHP $3.25 + 0.85% $10.25 + 0.60% $3.00 + 1.75% $3.00 + 2.35%
CAD to PKR $3.00 + 0.75% $10.00 + 0.50% $2.75 + 1.65% $2.75 + 2.25%
CAD to PLN $1.00 + 0.75% $8.00 + 0.50% $0.75 + 1.65% $0.75 + 2.25%
CAD to RON $2.50 + 0.90% $9.50 + 0.65% $2.25 + 1.80% $2.25 + 2.40%
CAD to RUB $3.00 + 0.95% $10.00 + 0.70% $2.75 + 1.85% $2.75 + 2.45%
CAD to SEK $1.00 + 0.80% $8.00 + 0.55% $0.75 + 1.70% $0.75 + 2.30%
CAD to SGD $2.75 + 0.85% $9.75 + 0.60% $2.50 + 1.75% $2.50 + 2.35%
CAD to THB $4.50 + 0.75% $11.50 + 0.50% $4.25 + 1.65% $4.25 + 2.25%
CAD to TRY $2.25 + 1.05% $9.25 + 0.80% $2.00 + 1.95% $2.00 + 2.55%
CAD to UAH $0.50 + 2.50% $7.50 + 2.25% $0.25 + 3.40% $0.25 + 4.00%
CAD to USD $1.00 + 0.75% $8.00 + 0.50% $0.75 + 1.65% $0.75 + 2.25%
CAD to VND $2.25 + 1.30% $9.25 + 1.05% $2.00 + 2.20% $2.00 + 2.80%
CAD to ZAR $20.00 + 1.35% $27.00 + 1.10% $19.75 + 2.25% $19.75 + 2.85%

What about borderless accounts?

Depending on what you do in your borderless account, the fee is different:
1. Topping up is free for bank transfers. But if you use direct debit, debit card or credit card, the respective variable fee above, minus 0.5%, applies. The fixed fee is not included.
2. Converting from one currency to another has the variable fee that you would get for a bank transfer for that route. The fixed fee is not included.
3. Pay-out has only a fixed fee that is determined by the target currency.

Log in to use the calculator and see how the changes will impact the transfers you make.

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