Since Wise isn't a bank, we keep our customers' money safe by storing funds with reputable banks. Wise is able to offer interest on those funds to our customers.

Eligible customers can opt in to earn interest on your CAD, GBP, EUR and USD by navigating to Options under each eligible currency. (See Program Agreement and disclaimer below to learn more).

Yes! You can still send, spend, receive and convert money too.

Yes! Your funds and the earned interest on them are held in a dedicated interest-bearing account. Wise keeps your money separate from our own business finances, ensuring it is always available to you.

Your money is also eligible for up to $100,000 CAD CDIC insurance.

There are no fees for opting into, or using this feature. We do however take a portion of the interest earned to cover our operating expenses.

You may have to pay tax if you use Interest. All Canadian customers with a SIN/BN will be eligible to opt in (SIN/BN validation will be required during opt-in). We need this to verify your tax and residency information so that we can report your taxes correctly. Wise will issue you the appropriate tax form annually, where applicable, based on the self-certified information you provide to us. See Program Agreement and disclaimer below to learn more.