Wise Business account limits explained 🔍: for Canadian businesses

Wise Business accounts are tailor made for international businesses, and offer high limits on transactions so you can send, spend and receive incoming payments conveniently.

There’s usually no limit on the amount of Canadian dollars you can receive, or hold in your Wise Business account. You can also send high value payments up to 1.5 million CAD - or 1 million USD if you deal in US dollars for example.

However, it’s good to know that some limits do still exist to keep customers and their funds safe and to comply with local and international legislation. This guide covers all you need to know.

Understanding your Wise Business account limits 🔎

It’s very common for financial service providers like Wise Business to use some account limits to help keep customer accounts and money safe.

⚖️For business customers in particular it’s important to have limits which allow the types of high value transactions which companies need to make, while also balancing account security considerations. Limits can sometimes be increased by adding security and verification steps to your account, or by providing additional paperwork to support your transaction.

Is the Wise transfer limit different for businesses? 🤔

⭐ Wise transfer limits can vary depending on the currency you’re sending to and from, as well as the region you’re based in. In some cases different limits apply for business customers compared to personal customers.

There’s more information about this on the Wise Help page covering Wise Business transaction options by currency.

🎯 Wise Business transfer limits in Canada 🇨🇦

Let’s dive into the details of the Wise Business transfer limits in Canada, looking at how much you can send, receive, hold and spend with your Wise Business debit card.

Limits for sending payments ⬆️

💡 Wise Business limits depend on the currency you’re sending to and from, and the way you pay. Here are the Wise CAD payment limits for different payment types:

Details correct at time of research - 16th April 2026 - learn more in the Wise Guide to CAD payments.

Limits for receiving payments ⬇️

Your Wise Business account offers account details to receive money in 20 currencies. This includes CAD details you can use to receive:

• Domestic EFT credits (direct deposits)

• Domestic Interac payments

• International SWIFT payments in CAD

There’s usually no limit to the amount you can receive to your Wise Business account in CAD.

About Wise Business 🇨🇦

Holding limits for Wise Business account

If you have a Wise Business account registered in Canada there’s not usually any limit to the amount you can hold in your Wise currencies.

⚠️Wise Business accounts held by customers in a few other countries may have holding limits, so if you’re not based in Canada do check the details for your specific country.

Wise Business spending limits and card usage 💳

Wise Business offers debit and expense cards which you and your team can use to manage low cost business spending effectively.

Account owners can set their own limits per cardholder to keep track of spending, and view transactions in the Wise app. This helps you keep control of your business cash flow, while giving your team the tools they need to do their job.

Wise Business debit and expense cards have spending and ATM withdrawal limits which you can view and adjust in the Wise app. There’s a daily limit that resets at midnight every day, and a monthly limit which resets on the first day of the month.

As a default the monthly and daily limit are the same, but you’re able to change these to keep control of your spending in the way that works best for you.

Managing your expense card spending limits ⚙️

There are several different limits which you can use on your Wise Business cards to manage spending:

• Account limits which apply on overall spending and withdrawal from the account - these are mandatory

• Cardholder limits when you issue debit cards to others - this caps how much each team member can spend and withdraw across all their cards, and is mandatory for some team members

• Limits per card - set by the cardholders individually and an optional tool for additional spending controls

As the account owner you’ll be able to set limits yourself or give this task to another trusted team member. You can always change and view limits in the Wise app as and when you need to.

How to increase your Wise Business account limits 📈

You won’t usually need to take any action in advance if you’re receiving a large CAD payment using your Wise CAD account details, as there is no limit on the amount you can receive.

However, in some cases you may be asked by Wise to provide some additional information about the transfer for security, after the payment has been sent. This usually means giving Wise some information about the reason for the payment and who the sender is. This is for security - learn more about Wise receiving limits here.

How to request a limit increase for your Wise Business account 💻

Card limits: You can adjust your card account spending limits easily in the Wise app or online.

⬆️Here’s how to adjust your card limits online, as an example:

1. Log into Wise Business and go to the Cards tab

2. Select Your spending limits and then got to the Account limits section

3. Select View account limits and then Edit account limits

4. Enter your new limits, and confirm

Holding limits: For most currencies there’s no limit to the amount you can hold in your account - and so no need to request a limit to the holding balance.

Transfer limits: If you need to send a high value payment which exceeds the limit for the specific currency, you can reach out to the dedicated Wise high value transfer team to ask for support.

How to check the limits on your Wise Business account

You’ll be able to find any limits which apply to your account in the app by going to your profile button, and selecting Limits and Account transfer limits.

Is Wise Business safe for large amounts? 🔐

Wise Business has automatic and manual security protocols which run 24/7 to keep customers and their accounts safe.

You’ll need to complete a thorough verification process when you sign up, and your account is secured with 2 factor authentication processes as well as offering easy ways to view and check transactions in-app with just your phone.

You can freeze and unfreeze your card in just a  few taps and talk to a Wise agent in the chat feature, whenever you need extra help.

Learn more about how Wise keeps your money safe here.

Fees for Wise Business accounts in Canada 💰

There are no ongoing fees for a Wise Business account in Canada, but there are some charges which may apply when you transact.

We’ve rounded up the key costs here for Canadian businesses, but as some costs vary based on the currencies involved, and fees may change over time, you’ll also want to check out the full information on the Wise Business Pricing page:

*Details correct at time of research - 16th April 2026

Sources 📚

(Information last checked on 16th April 2026)

• Wise Business

• Wise Business Pricing

• Wise Guide to CAD payments

• Wise Guide to USD payments