Wise launches no-fee Chequing Account in Canada with free Interac e-Transfers. 6 hours ago Wise has launched a new Chequing Account in Canada, adding free Interac e-Transfer options, CDIC deposit insurance eligibility and features for sharing expenses. In a statement to iPhone in Canada, Wise said the account is available starting today for Canadian customers and businesses. It has no monthly fee. One of the biggest additions is support for free Interac e-Transfers. Customers can fund their Canadian dollar balance through Interac e-Transfer or send Canadian dollars to an Interac alias without paying a Wise fee. Balances held through the Wise Chequing Account can also qualify for CDIC protection of up to $100,000 across currencies. Wise itself is not a CDIC member. Eligible customer deposits are instead held in trust at a CDIC member institution. Wise is also launching Group Spend, which lets users create a shared balance with family or friends for expenses such as bills or trips. "Canadians shouldn't need one account for life at home and another for life internationally. We're building a new kind of chequing account for people and businesses in Canada so they don't need to use different providers in order to meet their everyday money management needs. Now, they can simply use the Wise Chequing Account," said Vinay Nilakantan, Head of Product for North America at Wise. The account also supports local account details for Canadian dollars and other currencies, with more than 20 currencies available for receiving money. Users can set up pre-authorized debits, send money to more than 70 countries and spend internationally using Wise's exchange rates. Wise is offering several launch promos. Its "Double Payday" offer will select five customers each month for one year to have their first direct-deposit paycheque doubled, up to $5,000. The promotion excludes Quebec. The company is also opening a temporary Wise branch at Toronto's Eaton Centre from September 14 through October 11, where customers can get help setting up accounts. Wise remains registered in Canada as a money services business and payment service provider and is not a bank. P.S. Want to keep this site truly independent? Support Iphoneincanada by buying Iphoneincanada a beer, treating Iphoneincanada to a coffee, or shopping through Amazon here. Links in this post are affiliate links, so Iphoneincanada earn a tiny commission at no charge to you. Thanks for supporting independent Canadian media!

Wise launches Chequing Account. Wise is today launching its Chequing Account in Canada, with new features designed for people and businesses whose financial lives span borders. The move comes as Canadians are looking for smarter ways to manage their money both at home and abroad as they increasingly juggle multiple providers. The Chequing Account introduces several new features for Canadian customers, including free Interac e-Transfer options, eligibility for CDIC insurance, and Group Spend. Wise is also offering the highest return in market on USD for all Canadians through the Chequing Account, following the introduction of Interest earlier this year. This launch addresses growing financial frustration among Canadians. According to new research from Wise, more than half (54%) of Canadians use more financial services and tools today than they did five years ago. This isn't making life easier, as 45% of Canadians say managing their money has become more complicated and over a third (35%) note switching between multiple financial providers is frustrating. Balancing different providers comes from navigating many needs, and Canadians are increasingly spending more time - and money - internationally. More than half (53%) of Canadians shared they manage at least one international financial activity as part of their daily lives, spanning travel, global shopping, holding foreign currencies and sending money abroad. New features for Canadians at home and abroad The Wise Chequing Account includes new features that make it easier for people and businesses in Canada to manage and move money no matter where they are in the world: * Free Interac e-Transfer Options: Canadian and global customers funding their CAD balance using Interac e-Transfer or sending CAD to an Interac alias can now do so for free. * CDIC Insurance: Chequing Account balances are now eligible for CDIC deposit insurance up to $100,000 on all currencies held with Wise. * Group Spend: Set up a group of family and friends on Wise to pool money in a central balance for easy spending on bills, travel and more. * Double Payday + Account Bonus: Wise is offering limited time promotions to reward customers using Wise for everyday money needs, including activity-based bonuses for using the Chequing Account and a Double Payday promotion where every month for the next year Wise will randomly pick 5 lucky customers to get their first paycheque of the month doubled (up to $5,000) if they receive their direct deposit in the Chequing Account. See more here. Building on the success of Wise's existing offerings to meet Canadians' needs Wise's research found Canadians managing multiple providers are looking for lower fees (28%), better savings options (25%), and better interest rates (24%). The Wise Chequing Account is built to address those needs. Plus, 43% of Canadians say growing their money or earning more on their savings is a top financial priority over the next year. Earlier this year, Wise became the first provider in Canada to enable customers to earn a return on balances held across multiple currencies - USD, GBP, EUR and CAD - with instant access to funds within one consolidated account. And with Interest there's no promotional rates and no minimum balances customers must hold, making it even more convenient. In addition, the Wise Chequing Account comes with local account details in CAD and other currencies, including over 20 currencies for receiving money. Pre-authorized debits can be set up easily for recurring payments like streaming services or energy providers. Customers can also send money to 70+ countries or spend it at the mid-market rate with no hidden fees. With Wise 77% of all global payments arrive instantly in under 20 seconds^^. Celebrate the Chequing Account with a branch pop-up experience in Toronto To mark the launch of the Chequing Account, Wise is opening its first-ever Canadian pop-up branch on September 14 at Toronto's Eaton Centre, which runs until October 11. The pop-up branch will bring the Wise Chequing Account to life, giving people in Canada - especially newcomers - the chance to meet Wise experts, get hands-on support with opening and using their account, and access a range of exclusive experiences and offers. To celebrate the global connections that are part of Canadians' everyday lives, new and existing Wise customers can pick up some of their favourite snacks and drinks from around the world for free. They will also be eligible to enter a branch-exclusive a branch-exclusive weekly drawing for the chance to win $10,000 CAD to use for travel to see family or bring them to Canada to visit.

Thornburg Investment Management Inc. takes position in Wise Group plc $WSE. August 30, 2026 Key points. * Thornburg Investment Management acquired 168,669 Wise Group shares worth approximately $2.0 million, while several other institutional investors also established new positions during the second quarter. * Wise Group shares opened at $13.04, down 0.6%, after the company reported quarterly EPS of $0.12 and revenue of $576.48 million. Analysts maintain a "Moderate Buy" consensus rating with an average price target of $16.52. * The company faces securities-class-action litigation alleging misleading disclosures about compliance with anti-money-laundering and counter-terrorist-financing requirements, creating potential legal, regulatory, financial and reputational risks. * Five stocks we like better than Wise Group. Thornburg Investment Management Inc. acquired a new position in Wise Group plc (NASDAQ:WSE - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 168,669 shares of the company's stock, valued at approximately $2,009,000. Thornburg Investment Management Inc. owned 0.13% of Wise Group at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently made changes to their positions in WSE. Public Employees Retirement System of Ohio acquired a new position in Wise Group during the second quarter valued at $1,265,000. Van ECK Associates Corp acquired a new stake in Wise Group during the 2nd quarter worth about $1,608,000. Madison Asset Management LLC acquired a new stake in Wise Group during the 2nd quarter worth about $1,725,000. Finally, Royal London Asset Management Ltd. purchased a new position in shares of Wise Group during the 2nd quarter valued at about $2,514,000. Wise Group trading down 0.6%. Shares of Wise Group stock opened at $13.04 on Friday. The stock has a 50-day moving average price of $12.44. Wise Group plc has a fifty-two week low of $10.36 and a fifty-two week high of $17.47. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.07 and a quick ratio of 1.07. Wise Group (NASDAQ:WSE - Get Free Report) last posted its earnings results on Thursday, June 25th. The company reported $0.12 EPS for the quarter. The business had revenue of $576.48 million for the quarter. On average, equities research analysts forecast that Wise Group plc will post 0.57 earnings per share for the current year. Key stories impacting Wise Group. Here are the key news stories impacting Wise Group this week: * Several law firms, including SBS, Kaplan Fox, Rosen Law Firm, and others, reminded investors that a securities class action has been filed against Wise Group and certain officers. The case covers investors who purchased Wise securities from May 11 through July 23, 2026, with a September 29 deadline to seek lead-plaintiff status. The repeated notices increase visibility around the litigation and may weigh on investor sentiment. * The allegations reportedly concern statements that Wise represented compliance with AML and CTF requirements while regulators were documenting "long-standing deficiencies" at Wise's U.S. operations. If substantiated, the claims could create legal costs, potential damages, regulatory exposure, and reputational risk. The allegations have not been proven in court. * Wise Group announced that its 2026 annual general meeting will take place on September 24, 2026. The announcement provides meeting details but does not identify a new operating, financial, or strategic catalyst. Analysts set new price targets. Several equities analysts have recently issued reports on WSE shares. Barclays raised Wise Group to a "strong-buy" rating in a report on Tuesday, July 7th. JPMorgan Chase & Co. reduced their price target on Wise Group from $17.50 to $17.30 and set an "overweight" rating for the company in a research report on Friday, July 17th. Wall Street Zen upgraded Wise Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 27th. BNP Paribas Exane assumed coverage on Wise Group in a report on Monday, June 1st. They issued an "outperform" rating and a $16.69 price target for the company. Finally, The Goldman Sachs Group upgraded Wise Group to a "strong-buy" rating in a research report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.52. Discover more Dividend Screener Financial News Wise Group profile. Wise Group PLC is a technology company. Its product offering includes Wise Account, Wise Business and Wise Platform. Wise Account is its solution for people with cross-border financial needs. Wise Business offers product along with business-specific functionalities designed to enable business customers. Wise Platform provide financial services for banks, financial institutions and enterprises. Wise Group PLC is based in LONDON, United Kingdom. Want to see what other hedge funds are holding WSE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Wise Group plc (NASDAQ:WSE - Free Report). This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Wise Group, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Wise Group wasn't on the list. While Wise Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. 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