Low fees (less than $5) for transfers with ZipZap | Finder Canada

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Low fees (less than $5) for transfers with ZipZap

Transfer money from Canada or the UK quickly and easily with ZipZap International Money Transfers.

This product is not currently available via Finder. Visit the provider's website directly, or compare other options.

Based out of Vancouver, ZipZap allows you to send money around the world with low fees and competitive exchange rates. Whether you need to send a one-off transfer or have regular overseas payments to manage, ZipZap allows you to transfer funds to 13 countries.

How much does it cost to transfer money with ZipZap ?

ZipZap offers pay-as-you-go transfer options with fees that vary between $1.95 to $4.95 per remittance. When you sign up for a membership, you can send unlimited free transfers and enjoy guaranteed best rates and other membership benefits for monthly, quarterly or annual accounts.

Membership TypesCost
Monthly$25
Quarterly$75
Annually$300

Fees as of 13 April 2018

Exchange rates fluctuate daily with the market, and typically compete with the mid-market rate depending on the currency. Below is an inclusive list of all of the currencies that ZipZap trades in compared to another money transfer service.

CAD$1 exchanged for:ZipZapWise
AUD1.00981.0212
RMB4.9302N/A
HKD6.16776.2274
INR51.64151.767
IDR10,80410,910
JPY84.47085.157
MYR3.03933.0780
NPR82.01282.765
PHP40.98441.224
SGD1.02961.0409
KRW841.67850.16
THB24.48324.727
VND17,91118,077

Rates as of 13 April 2018

To which countries does ZipZap send money?

Every day, ZipZap is working on offering more currencies for international transfer. For now, you can make international money transfers to the following countries from Canada:

  • Australia
  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Nepal
  • Philippines
  • Singapore
  • South Korea
  • Thailand
  • Vietnam

How do I send money through ZipZap ?

Sending money with ZipZap is affordable and convenient, and it takes only a few minutes to set up a free account. You can create an account with just your e-mail address and mobile number and complete the registration by adding your physical address and date of birth. Follow this user-friendly process to send funds overseas.

  1. Enter recipient and payout info. Input recipient details and bank account information.
  2. Fund your money transfer. Pay from your bank account, or with your Visa/Mastercard Debit Card.

ZipZap requires a minimum transfer of $25, while the maximum amount you can transfer is $999.99, with a maximum of $3,000 per month . You can increase your minimum and maximum transfer amounts by signing up for a membership.

    Pros and cons of using ZipZap

    Pros

    • Low fees. Fees vary between $1.95 to $4.95 per remittance.
    • Fast processing times. Depending on the destination and currency, ZipZap aims to deposit funds on the day of transfer.
    • Membership perks. Send unlimited free transfers and enjoy guaranteed best rates and other membership benefits for monthly, quarterly or annual accounts.

    Cons

    • Limited currencies. ZipZap only offers 13 currencies, but is working on adding more every day.
    • No in-branch customer service. ZipZap has no physical retail locations, only an online service.
    • Not ideal for large transfers. Transfer limits are set at $25 – $999 per transfer, with a maximum of $3,000 per month.

    Compare ZipZap to other money transfer services

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    CAD 1 Same day CAD 0.00 0.794 USD
    3,971
    XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
    USD 150 1 day CAD 15.00 0.79 USD
    3,939
    Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
    OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
    Go to site Show details
    CAD 0 Within an hour CAD 3.99 0.795 USD
    3,971
    Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
    WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
    Go to site Show details
    CAD 1 1 - 2 days CAD 45.00 0.798 USD
    3,955
    Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

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