Paying bills in Canada just got easier

Lindsey Grossman

Managing your money across borders — and specifically in and out of Canada — has just gotten easier thanks to the introduction of Direct Debits.

Back in February, we launched local account details for Canada to help you receive Canadian dollars straight into your Wise account. That said, we knew something was missing for our customers to truly manage money like a local. Enter Direct Debits.

Direct Debits simplify how you pay recurring bills and move money between your accounts in Canada. You can now make recurring payments for things like bills, tuition, and investments, like a local, no matter where you are in the world.

This means you can have a financial footprint in Toronto, without leaving your living room in Manila.

Manage finances in Canada anytime, from anywhere

Paying bills by Direct Debits is simple.

All you need to do is provide your Wise CAD local account details to the service you’d like to pay in Canada. Then that company can pull the money straight from your Wise balance every month, without you lifting a finger. So you can get on with life, or your business, with comfort knowing that your bills are going to be paid on time and with ease.

You can also move money around by linking to Stripe, Shopify, Square, Paypal, Go Cardless, and more. We’ll handle the rest.

We’ll make sure you never miss a payment again

The next time you need to pay your phone bill, student loan, or vendors for your business, set up a Direct Debit. It only takes a few steps, and maybe the best part is that it won’t cost you a cent.

If you don’t hold enough Canadian dollars in your Wise account for a given Direct Debit, don’t worry — we’ll automatically convert from the balance with the lowest conversion fee.

When there isn’t enough money from another currency’s balance in your Wise account, then that Direct Debit will fail as a bounceback. But we’ll never charge you for bouncebacks due to insufficient funds like some traditional banks may. We understand — it happens to the best of us.

You’ll have peace of mind knowing you can always check your Wise account to see which merchants or services are regularly debiting your account.

Set up your first Direct Debit from your Canadian local account details

To set up payments through Direct Debit, all you need to do is give the company or service provider your Wise CAD local account details. You can find your details when you tap your CAD balance and click Account Details.

Still have questions? Learn more about Direct Debits here or reach out to a member of our team. Log in to your account to set up your first payment.

How to get Canadian account details

It just takes a few minutes to set up local account details for Canada. There are no long forms and no need for a local address.

  • Log in to your Wise account
  • Tap on Open a balance
  • Select Canadian dollars
  • Get verified (if you haven’t already)
  • Once you have the balance opened, click on Get account details
  • Tap Account details

When you get personal local account details for the first time, you’ll need to add 20 GBP to your account (or the equivalent in your currency) to use the details. For business accounts, you’ll need to pay a small one-time setup fee. The fee can be anywhere between 16–30 GBP (or equivalent in your currency). The fee depends on where your business is registered.

You only have to pay for the first set of account details you get. After that, you can freely get bank details for any of the ten currencies that have them.

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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