Transferwise GBP to CAD

Trademark Disclaimer : Transferwise* is a trademark of Wise US Inc., with whom Remitbee Incorporated (“We,” “Us,” “Our”) has no direct or indirect association in marketing, sales or customer service. Indeed, the enclosed contents are provided only for information and comparison purposes. We further state that all third-party products, services, company names and logos remain the property of their respective holders. Use of them here in this article does not imply any affiliation with or endorsement by them.

Transferwise GBP to CAD

The Transferwise is a UK-based international money transfer service founded in 2011.

Currently, it serves eight million-plus customers globally who use the service to send money to friends and loved ones. After ten years, the company changed its brand name to Wise.

Transferwise has a 4.5 out of 5.0 rating on G2, proving that most people trust the service.

Most users describe the service as quick and reliable. In addition, the website is user-friendly and packed with different world currencies.

Therefore, you can use Transferwise to send money from anywhere. In addition, your loved ones can receive cash anywhere in the world.

Another unique thing about Wise is the favorable fees. It's a friendly gateway that enables money to be delivered at exceptionally lower fees. However, the Wise debit card is only available in some countries.

What is the Transferwise Exchange Rate for GBP to CAD?

Currently, 1 GBP is exchanging at 1.59769 CAD. However, this is subject to change depending on the Foreign Exchange market situation.'

How to Register for Transferwise

To send GBP to CAD with Transferwise, you need to;

Create an account with your details. You'll need to provide essential details such as name and address.
After creating an account, select the amount of money you want to send to your recipient.
Then indicate whether you want to pay from your bank account
Indicate who you are sending to or the recipient's details.
Review and confirm the details before submitting.
Choose how you want to transfer and how your recipient should be paid.

Sending Money with Transferwise

Before you send money with Transferwise, it's important to comply with KYC requirements as set by the company.

Here are the essential details when sending money using Transferwise money transfer.

A verified Transferwise account
Your full name and the bank account you want to transfer from
The name and address of your recipient's bank
Your recipient's name, address,
Your recipient's account type they have with the bank
Your recipient's account number
Your recipient's Bank's SWIFT code

Transferwise Delivery Options

Unlike other money transfer services that offer a wide range of delivery options such as pickup, Transferwiise only allows transfers to bank accounts, swift transfers, or debit/credit cards.

Therefore when sending money, your recipient must have a bank account registered in their name.

Transferwise Fees

To send money in GBP to CAD, you'll pay a flat charge of £0.31 plus 0.42% of the amount you want to send.

Alternative to Transferwise: RemitBee

Choosing the best money remittance service for you is essential. With RemitBee, you can be confident that our remittance services are uncomplicated and will give you the best deals possible. As a matter of fact, our rates and fees are better than average banks and Transferwise

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