Is Wise Business available for business in Canada?

Does Wise Business serve business customers in Canada?

Wise accepts Canadian registered businesses, including sole proprietors, corporations and partnerships, and applicants do not need to be Canadian residents or citizens. The account is designed for cross border invoicing and payments. You can get Canadian dollar account details to be paid like a local business, alongside local details in currencies such as United States dollar, British pound, euro and Australian dollar. Wise is a payments institution rather than a chartered bank, so it does not provide overdrafts, lending or deposit insurance. Verify current terms with the provider.

Eligibility for businesses in Canada

Wise verifies the business and the people who own and control it. For a sole proprietorship you generally provide a government issued photo identification and, where it applies in your province, your business registration. Companies provide their incorporation details and information on directors and beneficial owners. Wise usually reviews and verifies applications within about ten days. Verify with the provider

What it costs locally

There is no monthly or annual account fee and no minimum balance. A one time fee of about 55 CAD opens the local account details. After that you pay per use: a percentage based conversion fee that starts low and varies by currency, and small fixed fees on some payments. Compare the cost of the specific currencies and payments you use. As of 21 May 2026

What local users report

Canadian users value being paid in Canadian dollars and several other currencies from one account and the transparent conversion pricing. The most reported limitation is the lack of Interac e-Transfer support, which many Canadian businesses use for domestic payments, so some keep a domestic Canadian bank account alongside Wise.