Money · Transfers
Best Money Transfer Services for Newcomers · 2026
Send money home 3–8x cheaper than Canadian banks. Real exchange rates, instant transfers, cash pickup in 200 countries.
Frequently asked questions
Straight answers, from one newcomer to another.
Banks hide fees in the exchange rate markup. Example: if the market rate is 61.50 INR per CAD, banks give you 58.00 INR (a 5.7% markup) plus a $25–$50 wire fee. Total cost: 8–10%. Wise uses the real market rate plus a small transparent fee (0.5–1% total). On $1,000, banks cost $80–$100 vs Wise's $6–$10.
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