Canada is home to some of the largest diaspora communities in the world. Millions of Canadians send money to the Philippines, India, and Nigeria every month — supporting families, paying school fees, and building futures back home.
But not all money transfer services are created equal. The difference between a good service and a bad one can mean hundreds of dollars a year. Here's what to look for — and how WEC Bank stacks up.
What to look for in a CAD remittance service
1. The real exchange rate
The exchange rate is where most services make their money. A service might advertise "no fees" but quietly offer you a rate that's 3–5% below the mid-market rate. Always compare the rate you're being offered to the rate on Google or XE.com. WEC Bank uses the live mid-market rate with no markup.
2. Transfer fees
Some services charge a flat fee per transfer ($5–$20). Others charge a percentage. WEC Bank charges zero — no flat fee, no percentage, no hidden charges.
3. Delivery speed
Most WEC Bank transfers arrive within minutes to hours, depending on the destination and delivery method. We support bank deposits, mobile wallets, and cash pickup at thousands of locations.
4. Regulatory compliance
Only use services that are licensed in Canada. WEC Bank is registered with FINTRAC (MSB #M18291045) — the federal agency that regulates all money services businesses in Canada.
Sending CAD to the Philippines
With WEC Bank, you can send CAD directly to Philippine bank accounts (BDO, BPI, Metrobank, and more), GCash mobile wallets, and cash pickup locations nationwide. Transfers typically arrive within minutes.
Sending CAD to India
WEC Bank supports transfers to all major Indian banks via IMPS and NEFT, as well as UPI-linked accounts. Most transfers to India arrive within 1–2 hours.
Sending CAD to Nigeria
WEC Bank supports transfers to all major Nigerian banks, including GTBank, Access Bank, Zenith, and First Bank. Transfers typically arrive within a few hours.
How to get started
- Step 1: Create your account with your email address
- Step 2: Complete identity verification (required by Canadian law — takes about 5 minutes)
- Step 3: Add a recipient and send your first transfer
The bottom line
See how much more your family could receive with WEC Bank — and send your first transfer free today.