Sending local transfers using EFT, ACH, UK Faster Payments, and SEPA are free for accounts on our Plus and Pro plans (starting at $40 CAD/month). Sending local transfers using Interac e-Transfer is free for all plans (Essential, Plus, and Pro).
If your account is on the Essentials (free) plan, a $2 CAD fee per local transfer sent out of your Venn account will apply. This rate is competitive compared to industry standards, where local transfer fees can be $3 CAD or more per transaction.
For transfers sent via FedWire or SWIFT (Wire), a small fee starting at $6 CAD will be charged, regardless of your plan. The exact fee will be displayed before you complete the transfer.