Terms & Policies
CanadaFee Schedule
Last updated: 3 July 2024
The following fees and charges apply with respect to customers of Airwallex (Canada) International Payments Limited.
FX Conversion Services, Payment Services and Collection Services
You can access further details on our Financial Services Guide (FSG) and Product Disclosure Statement (PDS) from our website at www.airwallex.com.
Description | Standard Fee (CAD) |
FX Rates[1] |
|
Customer Mark-Up / Margin (AUD, USD, HKD, NZD, JPY, EUR, GBP, CNY, CHF, SGD) | 0.50% |
Customer Mark-Up / Margin (MYR, IDR, KRW, PHP, THB, VND, INR, NPR, PKR, BDT, TRY, LKR) | 1.00% |
Customer Mark-Up / Margin (Other Currencies) | 1.00% |
Auto Conversion Fee | 0.50% |
FX Quotes[2] | |
1-Minute Quote Validity | 0.02% |
15-Minute Quote Validity | 0.08% |
30-Minute Quote Validity | 0.10% |
1-Hour Quote Validity | 0.12% |
4-Hour Quote Validity | 0.20% |
8-Hour Quote Validity | 0.25% |
24-Hour Quote Validity | 0.30% |
Collections |
|
Global Account Creation Fee | $0 |
Global Account Receiving Funds Fee | $0 |
Payments |
|
Local Payment Fee (incl. BPAY and FPS) | 0, but Fedwire + SGD RTGS in SG = 20 CAD; HKD/USD/CNY RTGS in HK = 10 CAD |
SWIFT (SHA) Payment Fee (incl. RTGS and FedWire)[3] | $20 per payment |
SWIFT (OUR) Payment Fee[4] | $35 per payment |
Other Fees & Charges |
|
Account Opening Fee | $0 |
Monthly Account Fee | $0 |
Break Costs | Varies. See PDS for example |
API Integration Set Up Fee | To be advised. |
Notes:
Effective 29 April 2024: For FX Conversions in Major Currencies that are required as a result of amendments or cancellations, the above FX margin will apply. For currencies other than the Major Currencies (which cannot be held in the Wallet), the FX margin applied to the original conversion will be used.
[1] The customer mark-up / margin will be the FX Exchange Rate that is used to convert one currency for another currency. If any currency is not listed, it will be treated as an “other currency”.
[2] The above Quotes mark-up / margin will be applied in addition to the customer mark-up / margin listed for FX Rates [1] to determine the FX Exchange Rate for the selected currency pair when the Quotes feature is used. The Quotes feature is only available for customers on API version 2024-06-30 or later.
[3] SHA: Both the client (sender) and beneficiary will pay fees to the sending bank i.e. fees for the outgoing transfer. Beneficiary will receive the amount transferred less the intermediary banks' fees.
[4]OUR: The client pays for the wire transfer fees charged by intermediary banks.