11/19/2023 0 Comments Download apps like cash appThe specific cost and transfer times of an e-transfer depend on the bank you send money from. It enables electronic transactions for other financial institutions as well.įor the average Canadian, they also offer e-transfers, a fast and (normally) free option for sending money. Interac is a Canadian network that connects the many chartered banks in Canada. It’s a Canadian service that is designed for Canada-to-Canada transfers. Wealthsimple Cash App can be considered as a Canadian equivalent to Cash App. There are no minimum deposits and sending or receiving money is free. It’s a convenient app that makes it easier to quickly send money, split a bill, pay someone back, or whatever other kind of transaction you need.ĭeposited money in a Wealthsimple Cash App account generates interest of 0.5%. Wealthsimple offers its own cash app which operates as a money transfer service and mobile bank. Wise is worth considering as an alternative to Cash App, especially if you’re planning on sending money to other countries. Wise is a fast service to use, making it comparable to Cash Appand other fast money transfer options. ![]() ![]() They don’t mark up currency conversion rates. ![]() Users with more international transfer needs can use Wise for their international availability and many currencies.Īmong international money transfer providers, Wise stands out for its transparency. It is available in many countries, including Canada and can be used to send money around the globe. Wise is a US-based international money transfer provider.
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