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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!

Get started

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

See full transparency in action 

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

CAD
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  • $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

Powered by Wise

Ready to send money?

Why we’re better than other banks

For starters, our international money transfers are up to 8× cheaper‡ than other banks. It also doesn’t take a lot of time, and it’s easy!

Here’s how we arrive at the Wise fee versus estimated costs with some of the other guys:

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.

 

Reality check: this is how much you would have been charged with the others if you sent $500.00 CAD on March 25th, 2021.

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 $4.25 $4.57 $3.61
TD Canada Trust3 $14.84 $20.59 $25.09
Scotiabank4 $12.89 $14.46 $14.71
BMO5 $15.93 $33.69 $49.57
CIBC6 $8.85 $13.96 $15.53
Simplii7 $7.85 $13.96 $15.53
RBC8 $23.08 $17.43 $21.10

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

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. 

Deposit Protection Des Dépôts

Equitable Bank is a member of CDIC. EQ Bank is a trademark of Equitable Bank.

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