International Money Transfers

No matter where you send it, get it there fast and get more for it without the hassle.
It’s for the wise!

Man and dog running amongst floating 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 8× cheaper^‡ with EQ Bank powered by Wise.

Smart features

Up to 8× cheaper^‡
Sending your money further shouldn’t mean getting hit with big fees. That 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 1.50%^* until you hit send
Right up until you’re ready to send money internationally, you’ll earn 1.50%^* on every dollar in your Savings Plus Account. We thought you’d like that.

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:

$0 will be converted at a rate of 0
—the real exchange rate
Wise will charge $0
—that's all it would cost!
The full amount you will send is $0
—based on quoted rate

Ready to send money?

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 8× cheaper^‡.

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 8× 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 on February 16^th, 2022.

Bank	Total cost to send INR to India ¹	Total cost to send USD to the United States ¹	Total cost to send EUR to France¹
EQ Bank²	$3.91	$3.51	$3.26
TD Canada Trust³	$15.12	$19.83	$25.66
Scotiabank⁴	$16.35	$15.16	$17.55
BMO⁵	$15.80	$39.58	$51.35
CIBC⁶	$9.11	$15.66	$15.51
Simplii⁷	$8.63	$15.16	$14.76
RBC⁸	$21.58	$17.10	$21.39

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.

Couple sending money abroad on their phones against backdrop of world map

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?

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

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

Ready to earn more, pay less, and get the real exchange rate?

You’ve made the right decision. Sign up online in minutes. Send money abroad in a few easy steps.

Footnotes

Footnote: ^{Return to footnote referrer}
Footnote *: Interest is calculated daily on the total closing balance and paid monthly. Rates are per annum and subject to change without notice.

^{Return to footnote * referrer}
Footnote ‡: Based on research conducted by Equitable Bank 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 February 16^th, 2022. Promotions excluded.

^{Return to footnote ‡ referrer}
Footnote 1: Limited time $150 Sign Up Bonus offer – ends June 15, 2022. Conditions apply.

An eligible new customer must successfully open a new individual EQ Bank Savings Plus Account (the “New Account”) during the Offer Period (March 17, 2022 to June 15, 2022) and set up one or more eligible automated and recurring payroll direct deposits (categorized under Canadian Payment Association Code 200 – Payroll Deposit) totaling at least $100 of deposits per month into the New Account (the “Eligible Recurring Direct Deposit”). The first Eligible Recurring Direct Deposit must be deposited into the New Account within 60 calendar days from the date of account activation for the New Account and the Eligible Recurring Direct Deposit to the New Account must continue for at least 3 consecutive months. The $150 cash bonus will be credited to the New Account (which must remain active and in good standing at the time the cash bonus is deposited).

For complete details and terms and conditions, please see the EQ Bank $150 Sign Up Bonus Offer Terms and Conditions.

^{Return to footnote 1 referrer}

International Money Transfers

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

Smart features

Up to 8× cheaper‡

The real exchange rate

Get your money there fast

Send money abroad between errands

Earn 1.50%* until you hit send