International money transfers with Wealthsimple | Wealthsimple | Discussion forum

We transfer cash monthly from the UK. Found that the most cost effective approach was to use Wise for conversion and then to pull money from Wealthsimple’s end. It incurs less fees than if you push CAD from Wise into a Canadian bank account.

Today I needed to do a wire transfer to Europe (EUR). I tested Wealthsimple and Wise, doing both options side by side. Wealthsimple uses Wise but for some reason doing it from Wealthsimple incurred a lower charge and cost about $5 less on a 1300 Eur charge. A bit more convenient doing it from WS as well.