FX & Transfers
International business payments and money transfers in Canada
Make international business payments with Airwallex. Access competitive FX rates and send payments faster via local payment rails to 200+ countries with $0 transaction fees.
Start saving on everyday business transfers with Airwallex
Where possible, payments are made using Airwallex’s local network to eliminate transaction fees and deliver your funds faster. The rate available at the time you book a FX conversion on the Airwallex platform may be different to the rate displayed above. We may charge a mark-up on the conversion plus transfer fees, for example to cover the cost of using the SWIFT network. For more information, please review our Terms and Conditions, Fee Schedule and Country Payout Guide.
International payment solutions for growing your business
Manage international payments with faster settlement, lower costs, enterprise-grade security, and extensive global coverage.
Secure payouts 200+ countries in 60+ currencies
Have payments received in as little as one business day, with the full amount on delivery guaranteed.
Competitive exchange rates, lower fees
Get market-leading FX rates at any transaction volume, with transparent pricing and no hidden fees.
Bulk payments at scale
Process payments to multiple recipients across markets in a single batch, reducing manual work and improving operational efficiency.
Accounting software integration
Connect Airwallex with your accounting systems to automate reconciliation and eliminate manual data entry.
Payment networks by region
Explore the local and international payment networks Airwallex supports in Canada, with details of the transfer information required for each network.
Batch Transfers
Simplify your workflow with batch transfers
No-code bulk payments
Pay global suppliers and employees in bulk without coding or processing each transfer individually.
Flexible payments across markets
Send batch payments to up to 1,000 recipients across countries, currencies, and payment methods.
Smart templates for error-free transfers
Upload recipient details using a downloadable template and prepare payments in minutes, reducing manual data entry and processing errors.
Approval Workflows
Custom payment approvals & controls
Multi-layered approval workflows
Customize approval workflows for your business based on specific transfer amounts.
Granular user permissions
Assign precise roles to employee or your accounting team, from full transaction rights to view-only security.
Frictionless fraud protection
Protect your business capital by verifying every transfer with multi-factor authentication (MFA) for total peace of mind.
"Airwallex will save us $150,000 to $180,000 annually in hidden FX markups compared to traditional banking service providers. They are banking and foreign currency simplified. With Airwallex, we have one website where we can do everything it took three people to do before.”
Dean Beck
Vice President, HJS Packaging and Distribution
"Airwallex saves us about $70,000 annually just in lower bank transfer fees. They are helping us build a stronger financial foundation for a growing global company. Airwallex's platform offers speed and transparency at a lower cost. We always know where our money is going and when it will get there with Airwallex."
Hari Polavarapu
CEO, Taxila Stone
“Airwallex has been a game changer for us. I cannot recommend these guys enough. The forex services are super efficient and super competitive. The customer service is not gold-plated, it's solid gold. One of the best eCommerce services for merchants we have come across since PayPal hit the scene 20 years ago."
Murray Kester
CEO, Cosmetics Now – eCommerce
"Airwallex has made it possible for us to grow quickly across global markets while controlling our FX and transfer fee costs. Clocky wants to expand its product offering beyond alarm clocks and increase revenue per channel. Airwallex will be a big part of achieving those goals."
Gauri Nanda
CEO, Clocky
Payouts
Automate transfers with our Platform API
Businesses rely on our API to handle their most complex requirements. Programmatically make high-volume global transfers, access interbank FX rates, intelligently manage currency risk, and more.
Global Accounts
Pay internationally like a local
Receive and hold funds in multiple currencies with Airwallex Global Accounts, then pay out through local payment rails. Reduce FX conversion costs, speed up payments, and operate in international markets like a local business.
Frequently asked questions
What is an international money transfer?
An international money transfer is an electronic transaction where funds are sent to a recipient in a different country. While traditional Canadian banks rely on the SWIFT network, which can be slow and expensive, Airwallex utilizes local payment rails like EFT in Canada to deliver funds faster and at a fraction of the cost.
What is the fastest way to transfer money internationally?
One of the fastest methods to transfer money internationally is using a fintech solution like Airwallex, which utilizes local payment rails and digital wallets to settle funds in just hours. Traditional payments through the SWIFT network can take multiple days.
How many countries do we support for our money transfer service?
Airwallex supports payouts to over 200 countries and regions globally. Airwallex’s network also allows you to send funds via local payment rails in over 120 countries, providing a faster and more cost-effective alternative to sending funds via the SWIFT network.
What are the fees for transferring money internationally from Canada?
Traditional Canadian banks typically charge between $30 and $80 CAD for outgoing international wire transfers, often with an additional $15 to $25 CAD fee for the recipient to accept the funds. With Airwallex, you can bypass these high costs by using local payment networks like EFT or Interac e-Transfer®, where transfers are often free of charge or cost significantly less than a standard bank wire.
How long does a money transfer take?
A money transfer can take anywhere from seconds to multiple days to arrive, depending on the payment solution you choose. 90%+ of Airwallex transfers typically arrive the same day, and many arrive instantly, while the traditional SWIFT network often takes 1 to 5 business days to arrive.
Can I track my money transfer with Airwallex?
Yes, you can view your transfer status within your Airwallex account, and even customize your notifications based on what type of communications are important to your business.
What are the requirements for opening a business account in Canada?
There are a number of requirements for a Canadian business account, including your 9-digit Business Number (BN) issued by the CRA, or your Social Insurance Number (SIN) if you’re a sole proprietor. You will also need proof of business formation, such as Articles of Incorporation or a provincial Master Business License, along with a valid government-issued photo ID for all directors and significant owners.
How does Airwallex keep my funds safe?
Airwallex meets the highest international security standards, including PCI DSS, SOC1, and SOC2 compliance. In Canada, Airwallex is registered as a Money Services Business with FINTRAC. We hold your money with leading global financial institutions, and your funds are always safeguarded in line with Canadian regulatory requirements to ensure your funds remain protected.
Apply for your Airwallex business account in minutes
No monthly fee, no setup fee, and no minimum balance requirements.