What are the Wise transfer limits in Canada?

You can use your digital Wise account to send money in over 40 currencies – all from the palm of your hand. But exactly how much can you transfer with Wise? How do you send large transfers in multiple currencies?

We take a look at everything you need to know, including your Wise limits in Canada and beyond. Let’s dive in!

What are the transfer limits for Wise account holders in Canada?

You can send balance transfers in Canadian dollars without limits– or you can send up to 25,000 CAD to an email address using Interac® e-Transfer.

If you want to send a large transfer, you’ll first need to verify your identity. Wise will ask for a few verification documents for your large transfer, such as a government-issued ID.

This keeps your money safe. It ensures your funds will reach your intended recipient – and it can stop someone from transferring a large payment from your account without permission.

Let’s take a closer look at how much you can send with Wise.

USD transfer limits with your Wise account from Canada

You can use your Wise personal or business account to send money in US dollars. Simply select the “+” icon on your home screen and choose “Balance” to open a currency balance in USD.

Send 1,000,000 USD per local ACH transfer to the US – or 50,000 USD every 24 hours from your USD balance. Let’s take a closer look.

EUR transfer limits with your Wise account in Canada

Use Wise to send SWIFT payments across Europe. This is an electronic payment method – and you’ll need your recipient’s IBAN to send your transfer overseas.

You can send up to 6 million EUR per transfer, but if you want to send more than 1.2 million EUR, you’ll first need to convert your balance into EUR.

You can send up to 10,000 EUR per transfer by card or via the payment provider Trustly® to send up to 1.2 million EUR directly from your Wise account.

GBP transfer limits with your Wise account in Canada

You can use your Wise account to send direct GBP transfers to UK bank accounts – or send money outside the UK using the SWIFT network. You can typically send up to 1 million GBP per transfer, but this may depend on your payment method. For example, card payments typically have a lower transfer limit.

If you want to send more than 1 million GBP to your recipient, you’ll first need to open an account balance in GBP and convert your Canadian dollars.

CNY transfer limits with your Wise account in Canada

There are a few different ways to send money in CNY with Wise, such as UnionPay, Alipay or Weixin.

Wise Business account holders can send unlimited bank transfers to businesses in China. However, this may depend on the currency you want to send.

Let’s take a closer look at how much you can transfer in CNY using your Wise personal or business account.

Wise card limits in Canada

You can use your Wise card to spend in over 150 countries, including options for personal account holders and Wise Business customers.

Use your Wise card to withdraw up to 7000 CAD abroad per month or spend up to 55,000 CAD per month online or in person.

You can also spend up to 82,500 CAD per month using your Wise Business card. This limit applies across your business account, so it’s shared between users.

Let’s take a closer look at Wise card limits in Canada.

Is there a transfer limit for receiving money on Wise in Canada?

The amount of money you can receive in your Wise account may depend on the transfer method and currency used.

For example, you can receive 20,000,000 USD per transaction from a USD account starting with 026. You can also request up to 25,000 CAD per day via Interac in your Wise account.

Let’s take a look at exactly how much you can receive via Wise.

How can I spend more money with Wise than my bank allows?

Your bank may limit how much you can spend via Wise. If you want to send a large transfer, speak to your bank to increase your limit.

Alternatively, you could try making your payment in-branch or send a series of smaller payments, rather than one big bank transfer.

How can I modify my spending limits with the Wise card?

You can change your Wise card spending limits in the Wise app. Simply follow these steps:

Step 1. Go to the “Card” tab
Step 2. Select “Limits”
Step 3. Select “Spending limits” or “ATM withdrawals”
Step 4. Choose your new transfer limit and click “Save”

If you have a Wise Business card, you can ask Wise to increase your monthly card spending limit using these steps:

Step 1. Go to the “Card” tab and select “Spending limits”
Step 2. Select “Change your spending limits”
Step 3. Select “Increase your spending limit”
Step 4. Choose your new monthly card spending limit and tell Wise why you need it

Wise will process your transaction limit request and tell you the outcome via email. If your request is denied, you can also ask for further review.

To start sending stress-free transfers in Canada, the US, China, Europe and beyond, check out Wise.