Key takeaways
- Larger and more regular volumes usually get lower margins.
- Some providers drop transfer fees above a set amount.
- Quote-based providers price to your monthly volume.
- Combine payments into fewer, larger transfers where you can.
How volume pricing works
| Pricing type | How it rewards volume | Example |
|---|---|---|
| Fee thresholds | No transfer fee above a set amount | OFX: no OFX fee from C$10,000 |
| Quoted margins | Margin set by your monthly volume | Corpay: pricing quoted to your volume |
| Published tiers | Lower percentage at higher volume | Ask each provider for its tiers |
A worked example
A business converts US$100,000 a month, worth about C$140,380 at the Bank of Canada rate on 27 October 2026.
| Margin | Monthly cost above market |
|---|---|
| About 1.6% | About C$2,250 |
| 0.48% | About C$675 |
That difference is roughly C$19,000 a year.
How to get volume pricing
- Share your real volume. Providers price better when they can see steady monthly payments.
- Batch payments. Fewer, larger transfers can cross fee thresholds.
- Ask for a review as you grow. Pricing set when you were smaller may not reflect today’s volume.
- Compare quotes for the same amount at the same time.
Common mistakes
- Splitting payments into many small transfers that each carry a fee.
- Staying on starter pricing after volume has grown.
Providers that can help
Compare these providers, then request a free, no-obligation quote.
Pricing quoted to your monthly volume
Forwards & options Hedging
FAQs
Do FX providers offer volume discounts?
Many do, through lower margins quoted to your monthly volume, fee thresholds or published tiers. Ask each provider how its pricing changes with volume.
What volume do I need for better FX pricing?
It varies by provider. Some remove transfer fees above a set amount, such as OFX from C$10,000, and quote-based providers price to your monthly volume.
Is it cheaper to make fewer, larger transfers?
Often, yes, because fixed fees are spread over more money and larger amounts can qualify for lower margins.
How often should I ask for better pricing?
Whenever your volume grows noticeably, and at least once a year.
Sources: Bank of Canada daily exchange rates; OFX, Corpay and Wise published pricing.