6 Apps Like Wise in 2026

Wise offers international money transfers with no exchange rate markup, multi-currency accounts and an international debit card to help you avoid foreign transaction fees. But if you’re searching for Wise alternatives in Canada, there are several options to choose from.

To help you find the right fit, we’ve compiled 6 leading apps similar to Wise so you can compare fees, features and transfer speeds.

Finder Score	Fastest Transfer Speed	Fees (Pay by Bank Transfer)
Remitly: If you want a great app experience when sending transfers
Finder score 8.6 Great Remitly	Finder score 8.6 Great	Within minutes	From $0	Go to siteView details Compare product selection Compare	loading	Why we like it We like that Remitly offers competitive rates, transfers to 175+ countries and territories, multiple delivery options and express transfers that can arrive within minutes. You can send funds online or via an easy-to-use mobile app, and we appreciate that you can see Remitly’s exchange rate and fees without even needing an account. We also like Remitly One, a membership program that includes send-now-pay-later transfers, up to $5 cashback a month and annual rewards. Transfer cost: Transfer fees vary by destination, payment method and delivery method, but certain corridors and transfer types qualify for zero-fee transfers, such as sending over $500 CAD to India or making bank deposits to the Philippines. Exchange rate margins vary depending on the currency you send but remain competitive, especially compared to traditional banks. Payment options: Credit card, debit card, bank transfer, mobile wallet or Interac e-Transfer Receiving options: Bank or debit card deposit, cash pickup, mobile wallet, home delivery Currencies: 100+ Transfer limit: $140000 CAD (limit varies depending on your verification level, payment method, destination country and transfer history) Customer support: Phone, live chat Pros & cons Pros Wide range of transfer destinations User-friendly mobile app Multiple payment and delivery options Fast transfers Competitive exchange rates Promotions for new users Cons No advanced transfer tools Inconsistent exchange rate markup
Xe: If you want a multi-currency personal account
Finder score 8.0 Great Xe Money Transfers	Finder score 8.0 Great	Within minutes	$0	Go to siteView details Compare product selection Compare	loading	Why we like it We like that standard bank-to-bank transfers over $1,000 are typically fee-free with Xe. You’ll still have to pay an exchange rate markup, but Xe offers competitive rates. We also like that Xe is a Canadian company headquartered in Newmarket, Ontario, and is starting to offer a multi-currency account similar to Wise, allowing users to hold, convert and send money in multiple currencies. The multi-currency account is not available to all customers yet but is slowly being rolled out. Transfer cost: Transfer fees vary depending on your payment method, the amount and the country you send money to, but most bank-to-bank transfers over $1,000 are free. An exchange rate markup is also applied, but Xe's rates are generally quite competitive Payment options: Bank or wire transfer, EFT, debit card, credit card, Interac (CAD only), mobile wallet, bill payment Receiving options: Bank account, mobile wallet, cash pickup Currencies: 100+ Transfer limit: $560,000 online (no max offline) Customer support: Phone, live chat, email Pros & cons Pros Send money just about anywhere User-friendly mobile app Wide range of payment and receiving methods Competitive rates Fee-free transfers available Cons Exchange rate markup applies Fees for small transfers
Loop: If you want a multi-currency business account
Finder score Not scored yet Loop	Finder score Not scored yet	Within an hour	$0	Go to siteView details Compare product selection Compare	loading	Why we like it If you send or spend money abroad for work, we think Loop is a good option as it’s a Canadian company that specializes in cross-border banking solutions for businesses. It offers corporate cards with no FX fees; CAD, USD, EUR and GBP accounts; CDIC protection; and the ability to send money to 180+ countries in 37+ currencies. We also like that Loop lets you manage your expenses, accounts receivable and accounts payable directly on the platform. Transfer cost: There are no transfer fees. Exchange rate markup of 0.1% to 0.4% applies—0.47% with a free account, 0.27% with a Loop Plus account ($79 monthly fee) and 0.12% with a Loop Power account ($299 monthly fee) Payment options: Bank transfer, Interac e-Transfer, wire transfer Receiving options: Bank account Currencies: Send payments in 37 currencies, hold funds in 4 currencies Transfer limit: $1 million - $5 million Customer support: Email, live chat, scheduled call Pros & cons Pros Competitive exchange rates Send payments to 180+ countries Avoid foreign exchange costs Multi-currency credit card also available Fast transfers Cons You'll need to pay a monthly fee to get the best exchange rates Not designed for personal banking
OFX: If you want to send large transfers over $10,000
Finder score Not scored yet OFX Exclusive	Finder score Not scored yet	24 hours	From $0	Finder exclusive: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee. T&Cs apply.	Go to siteView details Compare product selection Compare	loading	Why we like it We like that OFX offers business and personal money transfers, as well as a Global Currency Account. The account allows you to hold, receive and send funds in 30+ currencies, with local account details available for CAD, GBP, EUR and USD. We also like that OFX has additional features, including FX tools such as spot transfers, forward contracts and limit orders, along with budgeting tools, accounts payable software and corporate cards with 1% unlimited cashback, although some features may only be available on paid plans. Transfer cost: Transfers are fee-free when you send more than $10,000, while a $15 fee may apply for transfers of less than $10,000. Payment options: Direct debit, Interac e-Transfer, bill payment, EFT, wire transfer Receiving options: Bank account Currencies: 30+ Transfer limit: Unlimited+ Customer support: Phone, email Pros & cons Pros Established company Offers limit orders and forward contracts to help you get the exchange rate you want Large transfers are fee-free 24/7 support Wide range of currencies Cons Can only send to a bank account $200 minimum transfer limit may not suit all businesses
Western Union: If you want flexible payment and delivery options
Finder score 8.7 Great Western Union	Finder score 8.7 Great	Within minutes	From $0	View details Compare product selection Compare	loading	Why we like it Western Union is one of the world’s largest money transfer providers, with services available in over 200 countries and territories. We like that it has an extensive network of over 500,000 agent locations across these locations, giving you the option to send money in person, online or through the mobile app. We also like that Western Union has a free rewards program that offers discounts on transfer fees and certain brands, as well as bonus offers. Transfer cost: Fees vary depending on the destination, payment method and delivery option, but they’re quite high compared to competitors, especially for larger transfer amounts. For example, sending $5,000 to Mexico would incur a transfer fee of $150. Western Union also applies an exchange rate margin, but it’s competitive and typically lower than traditional banks. Payment options: Credit card, debit card, bank transfer, cash Receiving options: Cash pickup, bank transfer, mobile wallet, credit card, debit card Currencies: 130 Transfer limit: Cash: No limit Credit or debit card: $5,000 Bank transfer: $5,000 Payment at agent locations for transfers started online: $7,500 Customer support: Phone, live chat, email Pros & cons Pros Highly rated mobile app Well-established company founded in 1851 Over 500,000 agent locations worldwide Send money to more than 200 countries and territories First transfer free Cons High transfer fees Low transfer limits
Paysend: If you want competitive rates
Finder score 9.2 Excellent Paysend	Finder score 9.2 Excellent	Within an hour	$0	View details Compare product selection Compare	loading	Why we like it Paysend is a digital money transfer service that also offers a dedicated business solution through Paysend Enterprise for companies managing international payments. We like that Paysend charges a flat fee of $3, no matter the transfer amount, which keeps the cost predictable even for larger transactions. Some transfers, like sending money to a bank account in the Philippines or the US, are even free. Transfer cost: Typically $3 per transfer when sending from Canada, with some routes eligible for $0 fees. Exchange rates vary, as Paysend includes a margin in the FX rate, but it’s usually competitive. Payment options: Mobile wallet, Interac e-Transfer, credit card Receiving options: Bank account, credit card, mobile wallet, cash pickup Currencies: 100 Transfer limit: Not published, but you’ll receive a notification if you reach your limit Customer support: Email, live chat Pros & cons Pros Promotional exchange rate and transfer fee for new customers Referral program Low, simple fees Free transfers available Multiple payout and delivery methods Cons Can’t see fees without creating an account

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Money transfer app ratings

Preview of the money transfer apps

What is Wise?

Wise (formerly TransferWise) was founded in 2011 as an international money transfer service and payment network. It offers money transfers to 160+ countries using the mid-market exchange rate with a transparent fee. Wise also provides a multi-currency account where you can receive, hold and convert funds in 50+ currencies.

Another key product offering from Wise is a debit card for international travel. With the Wise card, you can take out up to $100 CAD per month from any international ATM with no fee. After that, you’ll have to pay a $2.69 CAD fixed and 2.69% variable fee to withdraw funds. The Wise card is also compatible with both Google and Apple Pay.

In addition to personal money transfers, Wise offers business solutions for international money transfers, payroll and cash flow management.

Is Wise in Canada?

Yes, although Wise was founded in Europe, it has since expanded to operate in countries all over the world, including Canada, Australia, India, China, Japan and the US. In Canada, Wise is regulated by the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and Authorité des Marchés Financiers (AMF).

Is Wise safe to use?

Yes, in addition to following safety guidelines from financial regulatory agencies around the world, Wise has a number of other security features in place to ensure your money transfers are safe. Unlike banks, Wise doesn’t invest your money but instead holds it in dedicated accounts or high-quality liquid assets.

Wise also uses bank-level encryption, real-time fraud monitoring systems and strict regulatory compliance checks, along with secure login features such as two-step verification and device recognition.

Did TransferWise change its name?

Yes, TransferWise changed its name to “Wise” in 2021. While TransferWise primarily offered international money transfer services from its founding in 2011, the company has since added multi-currency accounts, a debit card and business solutions to its product lineup. In response to its expanded product offering, TransferWise changed its name to “Wise.”

Can I use Revolut as an alternative to Wise in Canada?

Unfortunately, no. Although Revolut offers some similar services to Wise, Revolut is not available in Canada. Revolut was founded in the UK as a banking alternative app that also provides money transfer options. However, after entering the Canadian market for a short stint in 2019, it pulled out of Canada in 2021.

Bottom line

Wise remains one of the most competitive options for international money transfers thanks to its mid-market exchange rate and transparent fee structure, but it isn’t always the best fit for every situation. Depending on your needs, apps like Remitly, Xe, OFX, Loop, Western Union and Paysend may offer better value, faster delivery or more flexible payout options. Ultimately, the best Wise alternative depends on where you’re sending money, how much you’re transferring and the features that matter most to you.

Frequently asked questions

• Is there a better alternative to Wise?

  There can be better alternatives to Wise if your priority is cheap money transfers. Wise is competitive only some of the time, and how competitive it is depends on the country you're sending money to and how much. Learn more about Wise's cost markups in our review.

• Who is Wise's best competitor?

  Some of Wise's best competitors include Xe, Remitly, OFX, Loop, Western Union and Paysend, all of which offer competitive fee structures and fast money transfer times. However, the best provider for you will vary depending on where you need to send money and what other services you're looking for, such as a multi-currency account.

• Is Wise actually cheaper?

  Since Wise offers the mid-market rate on international money transfers, it can be cheaper than alternatives that charge an exchange rate markup along with a service fee. However, Wise charges transfer fees, and whether or not it's the cheapest option will vary depending on the details of your transaction. Compare Wise with a range of other money transfer services to work out which offers the best value for your specific transaction.

• Is Revolut better than Wise?

  While Revolut has more financial product offerings than Wise, it's not available in Canada. That means Canadians considering Revolut for money transfers will have to consider alternatives like Wise, Remitly, Western Union, Loop and OFX.

• Does Wise offer cash transfers?

  No, Wise only offers transfers to international bank accounts. So if you want to send a cash pickup transfer, you'll need to consider a provider that offers this service, such as Western Union, Remitly or Paysend.

• Is the Wise card available in Canada?

  Yes, the Wise card is available in Canada. This international debit card lets you withdraw up to CAD $200 per month from foreign ATMs without paying any foreign transaction fees.

• What is an alternative to the Wise card?

  If you're looking for alternatives to the Wise card for international travel, consider debit cards that come with no foreign transaction fees and a large global ATM network, like EQ Bank or Scotiabank debit cards. Learn more about the best debit cards for international travel.

To make sure you get accurate and helpful information, this guide has been edited by Leanne Escobal as part of our fact-checking process.

Written by

Tim Falk

Writer

Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he’s not staring at his computer, you can usually find him exploring the great outdoors. See full bio

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Tim has written 571 Finder guides across topics including:

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Co-written by

Rebecca Low

Writer

Rebecca Low is a writer for Finder. She has contributed to a range of digital publications, including income.ca, Indeed, and Expatden, writing on topics like personal finance, career development, and travel. See full bio