{"id":757698,"date":"2017-01-26T20:57:49","date_gmt":"2017-01-26T20:57:49","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?p=757698"},"modified":"2025-01-23T00:53:43","modified_gmt":"2025-01-23T05:53:43","slug":"bank-fees-wire-transfers","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/international-money-transfers\/bank-fees-wire-transfers","title":{"rendered":"How much are wire transfer fees in Canada?"},"content":{"rendered":"

Electronically wiring money from your bank account is an easy way to send money overseas, but the wire transfer fee you\u2019ll have to pay will likely be quite high. We\u2019ve researched Canada\u2019s top banks to help you easily compare CIBC, BMO, TD, Scotiabank and RBC wire transfer fees. Explore what a wire transfer is and how alternative online money transfer services may work for you.<\/p>

Wire transfer fees for top Canadian banks<\/h3>

We\u2019ve gathered information on the wire transfer fee you can expect to pay with five major Canadian banks.<\/p>

Keep in mind, you may end up paying foreign transaction fees, minimum balance requirements and other costs, in addition to the wire transfer fees. Read all fine print to be sure.<\/p>

Fees apply to personal accounts and are in CAD unless otherwise stated. The wire transfer fee for business account holders may be different.<\/em><\/small><\/p>
Bank<\/th>Receive domestic<\/th>Send domestic<\/th>Receive international<\/th>Send international<\/th><\/tr><\/thead>
\"Simplii\"
<\/div>
\r\n
\r\n\t\t\t\t\t \r\n\t\t\t\t\t\tRead review\r\n <\/a><\/div>\r\n\t\t\t\t <\/section><\/td>
$10<\/td>
  • Interac e-Transfer<\/strong>: Free<\/li>
  • Wire transfer<\/strong>: $30<\/u> to send $10,000 or less, $50<\/u> to send $10,000.01 -$50,000, $80<\/u> to send over $50,000<\/li><\/ul><\/td>
$10<\/td>
  • Global Money Transfer<\/strong>: Free<\/li>
  • Wire transfer<\/strong>: $30<\/u> to send $10,000 or less, $50<\/u> to send $10,000.01 -$50,000, $80<\/u> to send over $50,000<\/li><\/ul><\/td><\/tr>
\"TD\"<\/td>$17.50<\/td>
  • To a TD Canada Trust account<\/strong>: $16<\/li>
  • To a non-TD Canada Trust account<\/strong>: $50<\/li><\/ul><\/td>
$17.50<\/td>$50<\/td><\/tr>
\"CIBC\"<\/td>$15<\/td>
  • $30 ($10,000 or less)<\/li>
  • $50 ($10,000.01 to $50,000)<\/li>
  • $80 (over $50,000)<\/li><\/ul><\/td>
$15<\/td>
  • $30 ($10,000 or less)<\/li>
  • $50 ($10,000.01 to $50,000)<\/li>
  • $80 (over $50,000)<\/li><\/ul><\/td><\/tr>
\"RBC\"<\/td>
  • From an RBC account located in Canada<\/strong>: Free<\/li>
  • From another financial institution, less than $50<\/strong>: Free<\/li>
  • From another financial institution, more than $50:<\/strong> $17<\/li><\/ul><\/td>
Starts at $45<\/td>
  • From a financial institution worldwide, less than $50<\/strong>: Free<\/li>
  • From a financial instiution worldwide, more than $50<\/strong>: $17<\/li><\/ul><\/td>
Starts at $45<\/td><\/tr>
\"Scotiabank\"<\/td>
  • $15 for all except pension payments<\/li>
  • $1.50 for pension payments<\/li><\/ul><\/td>
Varies<\/td>
  • $15 for all except pension payments<\/li>
  • $1.50 for pension payments<\/li><\/ul><\/td>
Varies<\/td><\/tr>
\"BMO\"

BMO wire transfer fees effective May 1, 2024<\/em><\/small><\/p><\/td>

$16<\/td>$40 + $10 communication charge<\/td>$16<\/td>$40 + $10 communication charge<\/td><\/tr><\/tbody><\/table>

Compare money transfer services<\/a><\/p>

What is a wire transfer?<\/h3>

A wire transfer is a method of moving money electronically around the world through a bank-to-bank or bank-to-agency network. You can typically wire transfer money within Canada (called a \u201cdomestic wire transfer\u201d) or from Canada to a different country (known as an \u201cinternational wire transfer\u201d).<\/p>

Wire transfers often come with fees. Bank and other financial institutions typically charge a fee between $15 and $50 to send or receive a wire transfer. Here is a quick snapshot of how Canadian banks charge wire transfer fees.<\/p>

Snapshot: Bank wire transfer fees<\/strong><\/h4>