Wise is today launching its Chequing Account in Canada, with new features designed for people and businesses whose financial lives span borders. The move comes as Canadians are looking for smarter ways to manage their money both at home and abroad as they increasingly juggle multiple providers. The Chequing Account introduces several new features for Canadian customers, including free Interac e-Transfer options, eligibility for CDIC insurance, and Group Spend. Wise is also offering the highest return in market on USD for all Canadians through the Chequing Account, following the introduction of Interest earlier this year.
This launch addresses growing financial frustration among Canadians. According to new research from Wise, more than half (54%) of Canadians use more financial services and tools today than they did five years ago. This isn’t making life easier, as 45% of Canadians say managing their money has become more complicated and over a third (35%) note switching between multiple financial providers is frustrating.
Balancing different providers comes from navigating many needs, and Canadians are increasingly spending more time — and money — internationally. More than half (53%) of Canadians shared they manage at least one international financial activity as part of their daily lives, spanning travel, global shopping, holding foreign currencies and sending money abroad.
New features for Canadians at home and abroad
The Wise Chequing Account includes new features that make it easier for people and businesses in Canada to manage and move money no matter where they are in the world:
- Free Interac e-Transfer Options: Canadian and global customers funding their CAD balance using Interac e-Transfer or sending CAD to an Interac alias can now do so for free.
- CDIC Insurance: Chequing Account balances are now eligible for CDIC deposit insurance up to $100,000 on all currencies held with Wise.
- Group Spend: Set up a group of family and friends on Wise to pool money in a central balance for easy spending on bills, travel and more.
- Double Payday + Account Bonus: Wise is offering limited time promotions to reward customers using Wise for everyday money needs, including activity-based bonuses for using the Chequing Account and a Double Payday promotion where every month for the next year Wise will randomly pick 5 lucky customers to get their first paycheque of the month doubled (up to $5,000) if they receive their direct deposit in the Chequing Account. See more here.
Building on the success of Wise’s existing offerings to meet Canadians’ needs
Wise’s research found Canadians managing multiple providers are looking for lower fees (28%), better savings options (25%), and better interest rates (24%). The Wise Chequing Account is built to address those needs. Plus, 43% of Canadians say growing their money or earning more on their savings is a top financial priority over the next year. Earlier this year, Wise became the first provider in Canada to enable customers to earn a return on balances held across multiple currencies — USD, GBP, EUR and CAD — with instant access to funds within one consolidated account. And with Interest there’s no promotional rates and no minimum balances customers must hold, making it even more convenient.
In addition, the Wise Chequing Account comes with local account details in CAD and other currencies, including over 20 currencies for receiving money. Pre-authorized debits can be set up easily for recurring payments like streaming services or energy providers. Customers can also send money to 70+ countries or spend it at the mid-market rate with no hidden fees. With Wise 77% of all global payments arrive instantly in under 20 seconds^^.
Celebrate the Chequing Account with a branch pop-up experience in Toronto
To mark the launch of the Chequing Account, Wise is opening its first-ever Canadian pop-up branch on September 14 at Toronto’s Eaton Centre, which runs until October 11. The pop-up branch will bring the Wise Chequing Account to life, giving people in Canada — especially newcomers — the chance to meet Wise experts, get hands-on support with opening and using their account, and access a range of exclusive experiences and offers. To celebrate the global connections that are part of Canadians’ everyday lives, new and existing Wise customers can pick up some of their favourite snacks and drinks from around the world for free. They will also be eligible to enter a branch-exclusive a branch-exclusive weekly drawing for the chance to win $10,000 CAD to use for travel to see family or bring them to Canada to visit.
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This entry was posted on September 14, 2026 at 11:16 am and is filed under Commentary with tags Wise. You can follow any responses to this entry through the RSS 2.0 feed.
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Wise Launches Chequing Account
Wise is today launching its Chequing Account in Canada, with new features designed for people and businesses whose financial lives span borders. The move comes as Canadians are looking for smarter ways to manage their money both at home and abroad as they increasingly juggle multiple providers. The Chequing Account introduces several new features for Canadian customers, including free Interac e-Transfer options, eligibility for CDIC insurance, and Group Spend. Wise is also offering the highest return in market on USD for all Canadians through the Chequing Account, following the introduction of Interest earlier this year.
This launch addresses growing financial frustration among Canadians. According to new research from Wise, more than half (54%) of Canadians use more financial services and tools today than they did five years ago. This isn’t making life easier, as 45% of Canadians say managing their money has become more complicated and over a third (35%) note switching between multiple financial providers is frustrating.
Balancing different providers comes from navigating many needs, and Canadians are increasingly spending more time — and money — internationally. More than half (53%) of Canadians shared they manage at least one international financial activity as part of their daily lives, spanning travel, global shopping, holding foreign currencies and sending money abroad.
New features for Canadians at home and abroad
The Wise Chequing Account includes new features that make it easier for people and businesses in Canada to manage and move money no matter where they are in the world:
Building on the success of Wise’s existing offerings to meet Canadians’ needs
Wise’s research found Canadians managing multiple providers are looking for lower fees (28%), better savings options (25%), and better interest rates (24%). The Wise Chequing Account is built to address those needs. Plus, 43% of Canadians say growing their money or earning more on their savings is a top financial priority over the next year. Earlier this year, Wise became the first provider in Canada to enable customers to earn a return on balances held across multiple currencies — USD, GBP, EUR and CAD — with instant access to funds within one consolidated account. And with Interest there’s no promotional rates and no minimum balances customers must hold, making it even more convenient.
In addition, the Wise Chequing Account comes with local account details in CAD and other currencies, including over 20 currencies for receiving money. Pre-authorized debits can be set up easily for recurring payments like streaming services or energy providers. Customers can also send money to 70+ countries or spend it at the mid-market rate with no hidden fees. With Wise 77% of all global payments arrive instantly in under 20 seconds^^.
Celebrate the Chequing Account with a branch pop-up experience in Toronto
To mark the launch of the Chequing Account, Wise is opening its first-ever Canadian pop-up branch on September 14 at Toronto’s Eaton Centre, which runs until October 11. The pop-up branch will bring the Wise Chequing Account to life, giving people in Canada — especially newcomers — the chance to meet Wise experts, get hands-on support with opening and using their account, and access a range of exclusive experiences and offers. To celebrate the global connections that are part of Canadians’ everyday lives, new and existing Wise customers can pick up some of their favourite snacks and drinks from around the world for free. They will also be eligible to enter a branch-exclusive a branch-exclusive weekly drawing for the chance to win $10,000 CAD to use for travel to see family or bring them to Canada to visit.
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This entry was posted on September 14, 2026 at 11:16 am and is filed under Commentary with tags Wise. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.