Wise Review 2026
Uses the mid-market rate and charges a fee you see at checkout.
Read customer reviews on Trustpilot ↗Wise Rate Today: Live Comparison
How does Wise compare right now? The table below shows all providers for your selected corridor, sorted by estimated receive amount.
CAD →NGN
Amount: 100 CAD · 8 providers compared
Rates Checked Hourly
Collected from each provider's own platform
Licences Checked
Register details on each provider page
Ranked by Payout
Sorted by what your recipient gets
Zero Sign-Up Required
Free to use, no account needed
CheckRate compares rates only. Click a provider to send money on their platform. Rates are the latest checked and may have changed since. Always confirm the final amount on the provider's app before sending.
Wise Overview
Wise converts at the mid-market rate and charges a separate fee, rather than building its margin into the rate. CheckRate works out Wise's fee from its public price list, paying by bank transfer. On 10 October 2026, for example, sending Canadian dollars to Nigeria cost about 2.06 CAD plus 0.666% of the amount, or about 5.40 CAD on 500 CAD.
Because its rate is the mid-market rate, Wise is left out of CheckRate's "highest rate" summaries, which compare providers whose fee is built into the rate. Compare Wise on the amount received after its fee, which the table works out. The Bank of Ghana listed Wise in a 2023 notice of money transfer companies operating in Ghana without its approval.
Founded
2011
HQ
London, UK
Speed
Not measured by CheckRate; the app shows an estimate before you pay
Fee model
Mid-market rate plus a fee shown at checkout
Is Wise Safe? Regulation & Trust
What we found on the regulators' own registers (checked 9 to 11 October 2026). Registration is not deposit insurance.
- Canada: Wise Payments Canada Inc., FINTRAC M15193392, on the Bank of Canada PSP register
- Other countries: check the regulator named on Wise's own legal page; CheckRate has not yet checked those registers
Wise Pros and Cons
Pros
- Uses the mid-market rate, with the fee shown separately
- Fee taken from Wise's public price list, so the table can work out the amount received
- Registered in Canada with FINTRAC and on the Bank of Canada PSP register
Cons
- The separate fee weighs more on small transfers: about 5.40 CAD on 500 CAD to Nigeria on 10 October 2026
- Listed in a 2023 Bank of Ghana notice of money transfer companies operating without its approval
Wise: Supported Corridors
The sending and destination currencies CheckRate tracks for Wise. Not every pair is available; each corridor page shows which providers have a rate today.
Frequently Asked Questions about Wise
Why is Wise not in the highest-rate summaries?
Wise converts at the mid-market rate and charges its fee separately, so its rate on its own is not comparable with providers whose cost is built into the rate. CheckRate compares Wise on the estimated amount received after its fee, which the table works out from Wise's public prices.
How much does Wise charge?
It depends on the route, the amount and how you pay. On 10 October 2026, paying by bank transfer, sending Canadian dollars to Nigeria cost about 2.06 CAD plus 0.666% of the amount, which is about 5.40 CAD on 500 CAD. Pounds to Nigeria cost about 0.61 GBP plus 0.546%. The Wise app shows the exact fee before you pay.
Is Wise regulated?
In Canada, Wise Payments Canada Inc. is registered with FINTRAC (M15193392) and on the Bank of Canada's payment service provider register, as we checked in October 2026. For other countries, check the regulator named on Wise's own legal page.
Compare Wise Against Others
This review is produced by the CheckRate editorial team and updated regularly. Rates shown are fetched from Wise's platform and are for comparison purposes only, they are not guaranteed and may differ at the time of transfer. CheckRate is not paid by Wise or any other provider, and our links go to their public websites. See our rate methodology for details.