International Money Transfers

Send money abroad the fast, easy, and cheaper way.

Our International Money Transfers are up to 5× cheaper^‡—with no hidden fees or markups.

International Money Transfers are not currently available in Quebec.

Man engaged with a tablet showing currency symbols

Wish your money could teleport
(without any travel markups)?

We can (almost) do that. Forget the nonsense of markups and sending money that takes forever to get there, because international money transfers are fast, easy to send, and up to 5× cheaper^‡ with EQ Bank powered by Wise.

Smart features

Up to 5× cheaper^‡
Sending your money further shouldn’t mean getting hit with big fees. That's why our international money transfers have zero markups or hidden fees.
The real exchange rate
The exchange rate you see online is the exchange rate you get. Pretty cool.
Get your money there fast
Whether you need to send money to family or make payments abroad, it'll get there within 3 business days (and sometimes instantly!)
Send money abroad between errands
Got a busy day? That doesn’t mean you can’t send money internationally in a few easy steps. Send money abroad whenever you want, direct from your account using Wise.
Earn 3.30%^* until you hit send
Until you send money internationally, you’ll earn 3.30% interest^* (1.25% everyday interest^* + 2.05%^* when you direct deposit your pay).

See full transparency in action

Check out the real exchange rate for yourself. Get a quote for an international money transfer.

You send

CAD

Recipient gets:

EQ Bank
Zero markups You get the real exchange rate-zero markups.
You pay once (and only once) There’s just one small clearly outlined fee for sending a transfer.
Result We're up to 5× cheaper^‡.

Other Banks
You pay a hidden markup The exchange rate you get is inflated—which means your hard-earned money is being put towards a fee you can’t be sure of.
You could pay a second or third time You may be charged by your bank before the money leaves the country, and then again by the bank in the recipient’s destination country.
Results The charges can pile up without the full transparency of knowing what you’re paying each time or where it’s coming from.

Other Banks

You pay a hidden markup

The exchange rate you get is inflated—which means your hard-earned money is being put towards a fee you can’t be sure of.

You could pay a second or third time

You may be charged by your bank before the money leaves the country, and then again by the bank in the recipient’s destination country.

Results

The charges can pile up without the full transparency of knowing what you’re paying each time or where it’s coming from.

Reality check: this is how much you would have been charged with the others if you sent $500.00 CAD^‡

Bank	Total cost to send INR to India¹	Total cost to send USD to United States¹	Total cost to send EUR to France¹
EQ Bank	$4.82	$4.71	$3.79
TD Canada Trust	$15.50	$13.34	$25.30
Scotiabank	$12.49	$14.69	$18.22
BMO	$22.40	$25.91	$28.47
CIBC	$11.39	$14.79	$18.34
Simplii	$12.87	$20.22	$20.81
RBC	$19.17	$14.06	$17.60

What is Wise, you ask?

Wise—formerly known as TransferWise—is a money transfer platform that offers a cheap, fast way to send money around the world. Together, we’re able to give customers access to the best digital banking environment possible. Because shouldn’t smart people have access to the smartest tools?

We’ve integrated Wise into our online and mobile banking, so you can send money abroad at the real exchange rate, just like the one you see online. Full transparency. No surprises.

Common questions answered

How can I view my transaction history and check the status of my international money transfer?

You can view the status of your international money transfer on the International Transfer dashboard. To do so, simply click “Transfers” and choose “Send International Transfer.” This screen will contain your transaction history, and will show your previous transactions as “Pending,” “Completed,” or “Bounce back” (which appears in the case of an error that results in the money being refunded into your account in its entirety).

How many currencies do you support/where can I send an international money transfer?

What if I already have a Wise account?

What do you mean by “the real exchange rate”? Is the exchange rate really more expensive with another bank?

What information do I need to send an international money transfer to someone?

Are International Money Transfers available in Quebec?

Visit our FAQ for more details about our International Money Transfers.

Argentina
Australia
Austria
Bangladesh
Belgium
Bouvet Island
Brazil
Bulgaria
Chile
China
Christmas Island
Cocos (Keeling) Islands
Cook Islands
Costa Rica
Croatia
Cyprus
Czech Republic
Denmark
Egypt
Estonia
Faroe Islands
Finland
France
Georgia
Germany
Ghana
Gibraltar
Greece
Greenland
Heard Island and McDonald Islands
Hong Kong
Hungary
Iceland
India
Indonesia
Ireland
Israel
Italy
Jan Mayen
Japan
Kenya
Kiribati
Latvia
Lesotho
Liechtenstein
Lithuania
Luxembourg
Malaysia
Malta
Mexico
Monaco
Morocco
Namibia
Nauru
Nepal
Netherlands
New Zealand
Niue
Norfolk Island
Norway
Pakistan
Philippines
Pitcairn
Poland
Portugal
Romania
San Marino
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sri Lanka
Sweden
Switzerland
Thailand
Tokelau
Turkey
Tuvalu
Ukraine
United Arab Emirates
United Kingdom of Great Britain and Northern Ireland
United States
Vietnam
Western Sahara

Footnotes

Footnote: ^{Return to footnote referrer}
Footnote *: Interest is calculated daily on the total closing balance and paid monthly. For the EQ Bank Card, interest is paid into the linked Personal Account. Rates are per annum and subject to change without notice. For the Personal Account, Joint Account and EQ Bank Card, the current base interest rate is 1.25% (the “Base Rate”). Customers who add and maintain qualifying recurring direct deposits of at least $2000/month to a Personal Account or Joint Account are eligible to earn a bonus interest rate of 3.30% (the Base Rate plus an additional 2.05%) for the eligible accounts (the Personal Account, Joint Account, and the EQ Bank Card balance). Conditions apply. Please review the EQ Bank Bonus Interest Offer Terms and Conditions for details.

^{Return to footnote * referrer}
Footnote ‡: Based on research conducted by Equitable comparing exchange rates and transaction fees from Wise, Canada’s ‘Big 5’ banks and Simplii Financial. Research considered comparable online global money transfer services and was conducted using the following transactions for $500 CAD: total cost to send CAD to INR in India, total cost to send CAD to USD in the United States and total cost to send CAD to EUR in France. Research took place on March 4, 2025. Promotions excluded.

^{Return to footnote ‡ referrer}
Footnote: EQ Bank does not offer the following products in the province of Quebec: US Dollar Account, International Money Transfers, RSP Savings Accounts, RSP GICs, FHSA Savings Account, FHSA GICs, Business Account, and Business GICs. Additionally, the EQ to EQ transfers feature is not available in Quebec.

^{Return to footnote referrer}

Send money abroad the fast, easy, and cheaper way.

Wish your money could teleport
(without any travel markups)?

Smart features

Up to 5× cheaper^‡

The real exchange rate

Get your money there fast

Send money abroad between errands

Earn 3.30%^* until you hit send

See full transparency in action

Ready to send money?

Why we’re better than other banks