Wise to offer Canadian multi-currency returns in one account

Source: Wise

Wise introduced a new Interest feature for Canadian businesses and users, allowing its customers to earn a return on balances held in multiple currencies in one account. The Wise Interest feature offers eligible users the ability to earn 2.22% in CAD, 3.14% in USD, 0.8% in EUR and 2.21% in GBP with a Wise multi-currency account.

The financial services company noted you can access the funds instantly, with no minimum balance requirements or lock-up periods. The feature is also easy to activate in the Wise app.

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Wealthsimple, Wise Platform partner to improve international payment services for Canadians

Source: Wise, Wealthsimple

Wealthsimple partnered with Wise Platform to upgrade its international money transfer service for Canadian clients. Chequing and joint chequing account holders can now send money to 30 countries in over 10 currencies directly through the Wealthsimple app. The new service uses Wise's global network, promising low fees and mid-market exchange rates, and provides users with real-time updates on the cost and speed of their transfers.

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