Why pick Xe Money Transfer instead?
- No transfer fees when you send CAD $500 or more
- 40+ currencies available
- High maximum transfer limits of $535,000
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Wise supports bank-to-bank transfers only and requires a Social Insurance Number (SIN), which means it won’t be convenient for all transfers. Its fees also depend on the amount of money you’re sending, which can get expensive fast.
To help you find the best money specialist transfer for your needs, compare popular alternatives offering features that Wise lacks.
Xe Money Transfer lets you send money in 40+ currencies. There are no fees on transfers of CAD $500 or more and instead makes it money from a margin added to the exchange rate. (A flat fee of $4 is charged on transfers under CAD $500.)
WorldRemit has one of the largest ranges of countries you can send to, as well as a variety of payment options.
Western Union sometimes charges higher fees and weaker exchange rates than other dedicated money transfer services. However, it offers multiple transfer options and accepts payment by cash, card or bank transfer. In-person transfers are possible at Western Union agent locations.
Earn rewards points on your money transfers with InstaReM, and redeem points to lower the cost of future transactions. Great for small transfers, InstaReM offers very competitive exchange rates on a number of popular currencies.
Also known as OzForex, OFX has expanded to Canada and aims to beat the exchange rates offered by banks.
One of the most well-known transfer brands, MoneyGram sends money to more than 200 countries. Both MoneyGram and Wise let you send small transfers, with a minimum transfer amount of $1.
Alternatively, learn more about Wise in our review.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
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