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Foreign exchange & global payments
We compare exchange-rate margins, transfer fees, hedging tools, currency coverage and speed from each provider’s published terms, so you can see who fits your international payments.
Bank of Canada rates, October 27, 2026
Source: Bank of Canada daily exchange rates
8 providers in Canada
Fintech account · Multi-currency
Mid-market rates with upfront fees
Hold and send 40+ currencies at the mid-market rate, with a transparent conversion fee shown before you pay.
Conversion fee
From 0.48%
CAD conversions, mid-market rate
Currencies
40+
Hold and send balances
Monthly fee
C$0
No monthly account fee
FX specialist · Transfers and forwards
Larger transfers with no OFX fee
Send to 55+ currencies, with no OFX fee on transfers of C$10,000 or more and forward contracts to lock in rates for up to 12 months.
Transfer fee
C$0
On C$10,000 or more (C$15 below)
CAD/USD margin
~1.6%
On a C$10,000 transfer; varies
Speed
1–2 days
Most major currencies
FX specialist · Hedging and payments
Lock in rates and pay suppliers worldwide
Forward contracts, options and limit orders, plus payments to 200+ countries, multi-currency balances and ERP integration.
Hedging
Forwards & options
Plus limit orders
Coverage
200+
Countries for payments
Pricing
Quote-based
Set by volume and currency pair
Fintech account · Multi-currency
Hold, convert and pay out in 20+ currencies
Multi-currency business account with conversions at 0.5% above the interbank rate for major currencies and a free Explore plan.
Conversion cost
0.5%
Above interbank, major currencies
Currencies
20+
Held as balances
Monthly fee
CA$0
Explore plan
FX specialist · Hedging and payments
A full set of hedging tools
Formerly Western Union Business Solutions. Forward contracts, FX options in 19 currencies and FX swaps, with pricing tailored to your volume.
Hedging
Forwards, options, swaps
Plus market orders
FX options
19
Currencies
Pricing
Quote-based
Tailored to volume
FX specialist · CAD–USD
Canadian CAD–USD specialist
Toronto-based currency exchange with no transfer fees, free wire transfers and a best-rate guarantee, arranged with a representative.
Transfer fees
C$0
Free wire transfers
Focus
CAD–USD
Canadian specialist
Pricing
By quote
Best-rate guarantee
Fintech account · Multi-currency
Low-cost conversions in a Canadian business account
Hold CAD, USD, GBP and EUR and convert from 0.45% on the free plan, or 0.25% on Pro.
Conversion fee
0.45%
Essentials (0.25% on Pro)
Currencies
4
CAD, USD, GBP and EUR
Monthly fee
C$0
Essentials plan
AP automation · International payments
Supplier payments, approvals and FX in one place
Pay suppliers in 40+ countries and 25+ currencies from your accounts payable workflow, with no transfer fee on FX payments and sync to QuickBooks and Xero.
FX transfer fee
$0
Cost built into the rate
Countries
40+
25+ currencies
Integrations
QuickBooks
And Xero
How you buy currency decides how much risk your business carries when exchange rates move.
You convert at today’s rate and pay now. Simple and right for most everyday payments.
You lock in a rate today for a payment due later, so a known cost can’t rise if the currency moves.
You set a worst-case rate but can still benefit if the rate moves in your favour, for an upfront cost.
Every rating comes from the provider’s published terms, checked against official sources and dated. Partners and non-partners are rated the same way.
