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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.
11 providers in Canada
Fintech account · Multi-currency
Mid-market rates with an itemised conversion fee
Wise charges C$55 once to unlock receiving account details. Currency conversion uses the mid-market rate plus a fee shown before you pay; the fee depends on your currencies and payment method.
Account details
C$55 once
Receiving details; not a monthly fee
Exchange rate
Mid-market
A separate conversion fee applies
Monthly account fee
C$0
Transaction charges still apply
FX specialist · Transfers and forwards
Multi-currency payments with access to FX specialists
OFX Standard has no monthly subscription fee. Conversion pricing is quoted separately, and payment charges depend on the route and plan.
Standard subscription
C$0
Payment and conversion costs separate
Cross-border wire
C$20
Per transaction, Standard/Full Suite
Currency coverage
30+
Current Global Business Account
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
FX specialist · Global payments
Global business payments from one account
Multi-currency accounts, payments to 190+ countries in 145+ currencies, plus forward contracts, limit orders and options to manage currency risk.
Coverage
190+
Countries for payments
Currencies
145+
Send and hold worldwide
Hedging
Forwards & options
Plus limit orders
FX specialist · Global payments
Pay overseas contractors and suppliers with no subscription
Remitly Business shows the transfer fee and exchange rate before you send, and refunds the fee if a payment misses its stated delivery date.
Coverage
175+
Countries for payments
Currencies
100+
Send worldwide
Monthly fee
$0
Pay per transfer
FX specialist · Institutional
Deliverable FX, hedging and execution for corporates and institutions
Spot, forwards, swaps, NDFs and options with 24/6 dealing access, multi-bank liquidity and bespoke hedging strategies for corporations and institutions.
Dealing access
24/6
Follow-the-sun order book
Instrument types
5
Spot, forwards, swaps, NDFs, options
Founded
2007
Headquartered in Toronto
Best for itemised fees and everyday international payments
Wise Business fees, multi-currency payments and OFX/Airwallex alternatives
Best for cross-border payments and currency risk management
Compare OFX business FX quotes, payment fees and multi-currency accounts
Best for hedging currency risk
Forwards, options and limit orders
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.
