Desjardins Wire Transfer

The Desjardins Wire transfer is a money transfer service that lets you send and receive money from any part of the world to Canada. Started with approximately one hundred members, the group has since evolved into one of the most popular transfer companies in Canada. Due to its fixed exchange rates, you may find it cheaper than the other wire transfer services, thus making it one of the services out there.

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How To Do A Wire Transfer With Desjardins

The first step toward transferring money with the platform is to open an account. To open an account, you just need to visit the website or the app and complete an online form. While business accounts need further validation by the bank's team, newcomer accounts will be verified once you arrive in Canada.

Desjardins allows you to transfer money through online or in-person banking once you have an account. Local money transfers are possible via ATM, but Interac e-transfers involve real money transfers. To begin a transfer, go to the website and DesjardinsTransfer fees.

Desjardins Wire Transfer Fees

Desjardins offers Basic, Intermediate, Unlimited, and Unlimited Plus. While the basic and immediate plans allow you to transact up to $30,000 transactions for free per month, the Unlimited and Unlimited Plus place unlimited free transactions. These fees depend on the type of transaction plan that you join.

Once you exceed the number of transactions allowed per transaction per month, you'll be required to pay an additional fee of USD 1.25 or USD 1.50 for a high-yield account. The policies of the transaction plan and these additional fees only apply to local transfers.

Likewise, you can expect to pay USD 4.00 to USD 15.00 for international transfers, and fees are between USD 4.00 and USD 15.00 depending on the transfer method and the recipient country. Compared to SWIFT transfers, direct deposit are cheaper.

How Long Do Transfers Take With The Desjardins Group?

For local transfers, you can expect your recipient to receive the money in real-time. On the contrary, the processing time for SWIFT transfers can be two days for SWIFT transfers and 12 hours to 4 hours for direct deposits.

Why Choose Desjardins

A wide range of services, including direct deposits and SWIFT transfers.
Transparent fees with clear terms and conditions
Faster transfers that can be processed within 12 hours to 4 business days
Ability to set up an online appointment for international transfers
Reliable website assistant if you are sending money internationally
Accurate exchange rates

An Alternative To Desjardans- Remitbee

Started in 2014, Remitbee is a Canada-based money transfer service that allows you to send money to over 45 countries. Unlike other services, it offers low fees and higher exchange rates.

Before you initiate a transfer, you need to create and verify your account. You also need to select a payment method, pay, and send the money. Once you are done, Remitbee will handle everything well and ensure your recipient receives the money.

Other Available Wire Transfers

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