EQ Bank Savings Plus Account can now use TransferWise for low-cost FX payments
For more info: Sending money to loved ones overseas shouldn’t be painfulEvery year, Canadians send billions of dollars overseas through international money transfers. Whether you’re travelling or sending money to your loved ones, that’s a lot of money and with it — a lot of fees and inconvenience.
But now there’s a better way!
TransferWise makes international money transfers fair, fast, and up to 8x cheaper than the competition. Learn more about using your EQ Bank Savings Plus Account to send money overseas quickly and cheaply.
Now that’s (international) Money Well Banked®!
TransferWise works seamlessly with the EQ Bank Savings Plus Account. You can add TransferWise as a biller on the EQ Bank Savings Plus Account and send funds quickly to your TransferWise account...
Small fee based on transaction size, plus the cost of transferring funds. Fees generally depend on how much money is being transferred, as well as the destination country. It typically costs 0.5% plus $0.75 to send $100 USD to a recipient in the US, and there is no foreign exchange spread.
Traditional Money Transfer Options
Service fee, percent of the total transaction amount, spread on exchange rate. Fees generally depend on how much money is being transferred, as well as the destination country. It typically costs anywhere from 5% to 10% to send $100 USD to a recipient in the US, not including the foreign exchange spread.