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International Money Transfer
May 24, 2024
11:16 am
mikehampel
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Forum Posts: 23
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January 10, 2021
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I'm debating if an eq bank is worth it if you have a wise account. Both have cards (500 withdrawal for eq-bank, 350 for wise). No exchange fees for eq bank and 0.5% cash back vs mid-market rate for wise (0.35%?) and no cash back. Depending on transaction volume it will depend if you already have a bank account in Canada to send or receive to wise account.

May 24, 2024
11:27 am
JohnnyCash
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April 21, 2022
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mikehampel said
I'm debating if an eq bank is worth it if you have a wise account. Both have cards (500 withdrawal for eq-bank, 350 for wise). No exchange fees for eq bank and 0.5% cash back vs mid-market rate for wise (0.35%?) and no cash back. Depending on transaction volume it will depend if you already have a bank account in Canada to send or receive to wise account.  

Both are free, always good to have a backup, otherwise known as plan B.

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