Wise Fees in Canada: Explained 💡 [2026 Guide]

Wise handles international payments a bit differently than banks by keeping every single operational cost completely separate and transparent.

Instead of hiding extra charges inside an inflated exchange rate or bundling mystery fees together, the platform lays out all costs upfront so you know exactly what your transfer costs.

This guide covers all you need to know about Wise’s fees - you can also get the full rundown of Wise personal fees and Wise business fees here.

Wise fees: Quick overview

Wise aims to make global transactions both simple and affordable for Canadians. 🤝To keep things fair, the platform ensures all costs are fully transparent, with a long-term goal of driving transfer expenses down over time.

Here are the key Wise costs you’ll want to know about.

*Information correct at time of writing - 18th June 2026

Wise transfer fees

You’ll see the full fee before you confirm the transaction. 📋

Here are the Wise transfer fees for a few major currencies as an example:

*Fees correct at time of research 18th June 2026

🔄  Wise exchange rates and conversion fees

Currency conversion with low, transparent fees is what Wise does best. 🎯Unlike banks and other money transfer services, Wise uses the mid-market exchange rate without hidden markups, ensuring you get a fair deal on your conversion.

To see the exchange rate used and calculate the exact conversion fees for your transaction, you can use the Wise currency calculator.

💱 You can check live exchange rates here, and compare with other providers: Wise exchange rate

Wise fee calculator 🧮

When you arrange a Wise international transfer online or in the Wise app you’ll be able to instantly see the full cost, the exchange rate available, and the estimated delivery time, using the Wise fee calculator.

1. Choose the currency you’re sending to and from

2. Enter the amount you want to send, or how much you want the recipient to get

3. Choose how you’ll pay for the transfer

You’ll see exactly what your recipient will receive, and when it’s likely to arrive in their account.

Take a look at the Wise fee calculator from the button below, to see how much you could save on your international payment.

⚙️  How does TransferWise pricing work?

Wise has disrupted the international payment market with its approach to pricing. As we mentioned earlier, Wise’s commitments include:

The price you pay with Wise varies based on the service you’re using, how you want to pay, and the currencies involved. 💰However, you’ll see the full fee upfront, with no sneaky hidden fees to worry about.

💡 Learn more about Wise on Wise Review.

Sending large amounts with Wise 📈 

Wise is a safe provider to choose for high value international transfers. In fact, you can even get a discount on your costs if you regularly send Wise payments for yourself or your business.

Wise high value payment discounts are automatically applied with no need to pre-arrange the fee. That means everyone gets the best possible deal, every time.

If you send more than 20,000 GBP a month - or the currency equivalent (about 37,963.6 with todays exchange rate of 1.89818) - you could get an automatic discount of up to 0.17%:

*Information correct at time of writing - 18th June 2026. GBP to CAD conversions are done with today's exchange rate of 1.89818

Wise has high transfer limits, allowing you to send large amounts of money overseas safely with low costs. Learn more about Wise transfer limits here.

 Wise currency conversion fees

Wise specialises in low-cost currency conversion, using the mid-market exchange rate without hidden markups. The exchange rate and conversion fee is shown clearly before you confirm your transaction, so you’ll know what you’re paying.

You can convert money within your Wise account or let the Wise card’s auto-convert technology switch your funds to the currency you need at the lowest possible fee when spending.

You can calculate the fees from this Wise conversion fee calculator

Wise account and card fees 💳 

The Wise multi-currency account allows you to hold and manage money in over 40 currencies and send money in up to 140+ countries. 🗺️

Designed with international spending in mind, the account is linked to a Wise debit card, giving you access to low-cost conversions and no foreign transaction fees.

With the Wise card, you can spend like a local in 150+ countries, convert currencies at the mid-market exchange rate, and make free withdrawals up to 100 CAD/month with low fees after that. 🛍️

Here’s how the Wise account and debit card fees shape up, so you know exactly what to expect:

*Information correct at time of writing - 18th June 2026

📥  Fees for receiving money into your Wise account

You can receive payments to Wise using local or SWIFT account details. The costs can vary depending on the currency and the way the sender processes the transfer.

Wise card ATM withdrawal fees 🏧 

With Wise card, you’ll enjoy some free ATM withdrawals every month, no matter where you are in the world. 🌍 The Wise app also makes it easy to track how much of your free monthly ATM withdrawal allowance is left, so you’ll easily keep on top of your costs.

🌍 Wise foreign transaction fees

Wise doesn’t charge foreign transaction fees, making it free to spend any currency balance you hold in your account. 🛒

Unlike many bank cards, which often add on a 1-3% foreign transaction fee for spending or withdrawing in foreign currencies, Wise helps you avoid these unnecessary costs.

Wise also uses smart conversion technology to convert your balance from the cheapest available currency automatically. This means you’ll pay the lowest possible fee for the conversion, with rates starting at 0.48% depending on the currency.

Plus, every conversion is done at the mid-market exchange rate, meaning you won't be caught out by inflated rates.

How does Wise pricing compare?

Before you choose a provider for your international payment it’s a smart idea to compare a few options, to make sure you’re getting the best available deal.

The good news is that specialist providers are often cheaper than using a bank. 🏦However, even some specialist providers hide a part of their fee in the exchange rate they use. That means you’ll need to look carefully at the overall costs to find the cheapest provider for your payment.

At Exiap you can compare providers transparently, to find the best money transfer service for your needs based on both the fees and exchange rates available.

With our promo code, you can get your first transfer with Wise, for free.

➡️➡️➡️ Learn more here: Wise promo code

⚖️  How do Wise exchange rates compare?

While many banks and money transfer services may claim to offer zero commission, or fee free currency exchange, all that means is that they’re not charging an upfront currency conversion fee. ⚠️

Providers still need to cover their costs, so they tend to simply hide their fees in the rates applied, by adding a margin to the mid-market exchange rate.

These costs get called a lot of different things - but whether it’s described as a margin, a markup or a currency exchange spread, it’s still an extra fee which can be around 3%. 📉

It might not sound like much, but it does push up the costs significantly. Here’s how a 3% margin would mount up over a few different transfer values:

Conclusion 🏁 

Wise takes a radically different approach to pricing compared to banks and international money transfer services. 📣 You’ll see the full cost of the service you need upfront before you commit, with no hidden charges or exchange rate markups. This can be a lot to take in, but it’s more transparent than bundling costs or hiding a charge in the exchange rate, which is what many other providers do.

Overall, Wise’s low fees and transparent approach to pricing makes it a market beating service for many customers.

If you are interested in learning more about Wise money transfers, this guide might help: How does Wise transfers work?

❓  Wise fees FAQs

How much does Wise cost?

Wises fees vary based on the service you need, how you’re paying and the currencies involved. However, you’ll be able to see the full cost upfront before you arrange your payment.

How much does Wise charge for currency conversion?

Currency conversion with Wise uses the mid-market exchange rate with no markup. All services have low, transparent fees which you can see before you make payment.

What are Wise transfer fees?

Wise transfer fees include a low fixed fee, covering the costs associated with the transaction, and a variable fee covering the cost of the currency exchange.

How does Wise compare?

Wise currency conversion and international payments use the mid-market exchange rate and low, transparent fees. This means they’re often among the cheapest - if not the cheapest - provider available.

Does Wise charge a monthly fee?

Wise doesn’t charge any monthly fees for personal accounts. You only pay for the services you use, such as sending money or currency conversion and all fees are transparently displayed upfront.

How much does Wise charge to receive money?

Receiving money into your Wise account is free when using local account details in over 8 currencies. However, certain payment methods may incur fixed fees. For example, receiving a USD via wire transfer has a fee of 6.11 USD, and receiving CAD via SWIFT incurs a 6.16 CAD fee.

Useful resources

*Information correct at time of writing - 18th June 2026

• Wise Card Spending Limits – Wise card spending limits and ATM withdrawal descriptions

• Wise CAD Transfer Guide – Guide to CAD transfers and local payment methods

• Wise Safety and Security – Wise account safety and data security descriptions

• Wise Tips for Getting Started with Large Transfers - Tips for sending high-value transfers with Wise