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Are there fees or charges for sending funds?

Michael Tan avatar
Written by Michael Tan
Updated today

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.

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