Key takeaways
- No monthly fee.
- Conversions at the mid-market rate, fees from 0.48% for CAD.
- Hold and send 40+ currencies.
- The fee is shown before you convert.
What Wise Business charges
| Item | Cost |
|---|---|
| Monthly fee | C$0 |
| Converting CAD | From 0.48%, at the mid-market rate |
| Holding currencies | No charge to hold 40+ currencies |
| Spending a currency you hold | No conversion needed |
A worked example
A business converts C$50,000 to US dollars each month.
| Provider | Cost above market |
|---|---|
| Wise (0.48%) | About C$240 |
| Big-bank posted rate (about 3.1% above market) | About C$1,550 |
Over a year, that difference is more than C$15,000.
Why it’s easy to compare
Wise shows the exchange rate it uses and the fee separately before you convert, so you can see the exact cost. Many banks build their margin into the rate instead.
Who Wise suits
Businesses making regular international payments, paying contractors abroad or holding several currencies. Businesses that need forward contracts to lock rates in advance will need a hedging provider alongside it.
Providers that can help
Mid-market rate with fees from 0.48%
Conversion from 0.45% with local accounts
Multi-currency account with 20+ currencies
FAQs
Does Wise Business have a monthly fee in Canada?
No.
How much does Wise charge to convert CAD?
Wise converts at the mid-market rate and charges a fee from 0.48% for CAD. The exact fee is shown before you convert.
Does Wise offer forward contracts?
No. Businesses that want to lock rates for future payments use a hedging provider such as Corpay or OFX alongside Wise.
How many currencies can I hold?
Wise Business lets you hold and send 40+ currencies.
Sources: Wise published Canadian pricing; Bank of Canada daily exchange rates; National Bank posted rates, 27 Oct 2026.