Your guide to sending money from Canada to the Philippines with Taptap Send
Read on to discover how you can use Taptap Send to transfer money to the Philippines from Canada and to compare this with Wise’s offering
A closer look at KOHO for international transfers in Canada
If you need to send money internationally from Canada, KOHO’s International Money Transfer may be what you’re looking for. In this article, we’ll explore what this service includes, its pros and cons, and its alternatives, such as Wise.
If KOHO doesn’t sound right for you, Wise’s international transfers at the mid market rate might be a better fit.
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Who is eligible to use KOHO international transfers?
If you have a verified KOHO Essential, Extra or Everything plan, and you have previously loaded money onto your KOHO account, you are eligible for international transfers¹. Whilst KOHO’s paid accounts offer additional features, such as no foreign transaction fees and higher interest rates, the KOHO Essential account is free², meaning you can be eligible for KOHO international transfers without needing to pay for an account.
However, it is worth noting that you’ll need to be the age of the majority - 18 or 19 years old, depending on your province³ - and physically in Canada⁴, in order to set up your account.
How to set up international transfers on KOHO
You can set up a KOHO International Money Transfer with the following steps:
- Go to ‘Send Money’, and then ‘Send internationally’ in the app
- Enter the details of your recipient, as well as the amount you want to send
- Review KOHO’s service fee and exchange rate, before confirming the transaction to send it
Money travelling to different destinations will take different amounts of time to arrive, but you’ll be shown this on the confirmation screen, allowing you to avoid any surprises.
KOHO international transfer fees and exchange rates
KOHO uses the live exchange rate for international transfers. This means that it updates every 5 minutes⁵ to give you the most recent rate. They charge a transfer fee, which you can see before you confirm your transaction and which varies depending on the currency you are transferring to.
If you’re considering using KOHO International Money Transfer, but haven’t made an account, you can also have a look at the currency conversion calculator on their landing page. This can give you an idea of how much you’d expect to pay for any given transfer. However, due to the nature of a live exchange rate, it’s worth remembering that details may change before you send your transfer.
Example: KOHO International Money Transfer costs for 1000 CAD sent
| Destination | Amount received | Estimated Fee (CAD) | Estimated Delivery |
|---|---|---|---|
| India | 63253.85 INR | 3.03 | Within 30 minutes |
| UK | 533.03 GBP | 3.87 | Within 30 minutes |
| Philippines | 41139.60 PHP | 4.37 | Within 2 business days |
KOHO transfer limits and delivery times
| Transfer Type | Limit |
|---|---|
| Minimum per transaction | 10 CAD |
| Maximum per day | 5,000 CAD |
| Maximum per month | 15,000 CAD |
| Supported countries | 190+ |
The length of time your international transfer will take depends on the country you are sending it to. For some destinations, most transfers take less than 30 minutes, but for less popular countries, these are likely to take 1-2 business days⁶.
KOHO will show you how long they expect the transfer to take before you click confirm, so you know when to expect your money to arrive. As international transfers may be affected by public holidays or bank processing times in other countries, waiting times may be longer than you would expect for a local Interac transfer in Canada on any given day.
Pros and cons of KOHO international transfers
As with all money transfer options, there are pros and cons to KOHO international transfers. It is important to weigh these up in relation to your specific needs, to decide whether KOHO is right for you.
| Pros | Cons |
|---|---|
| Have money arrive within 30 minutes for popular destinations | Daily and monthly limits apply, making it less suited for large transactions |
| No hidden fees or service fee - know how much of your money will reach your recipient before you send | Some currency transfers may take a couple of business days to arrive |
| 190+ countries supported | Variable fees apply on your transaction |
| Real-time tracking for international transfers |
How KOHO international transfers compare to Wise
If you’re considering KOHO International Money Transfers, take a look at Wise as well. Wise offers currency conversions and international transfers in 40+ currencies, to 140+ countries, with no hidden fees using the mid-market exchange rate, to make sure you can make the most of your money.
| Feature | KOHO | Wise |
|---|---|---|
| Exchange rate | Live exchange rate | Mid-market rate |
| Transfer fees | Upfront fee + 1.5% foreign transaction fees with the Essential plan7 | Upfront fee with discounts on large transfers |
| Countries you can send to | 190+ | 140+ |
| Transfer speed | Typically 30 minutes to 2 business days | 60% of transfers arrive instantly and 95% arrive within 24 hours |
| Transfer limits | 5,000 CAD daily and 15,000 CAD monthly | 1.5 million CAD per transfer by wire and bill payment 9,500 CAD daily and 30,000 CAD weekly by direct debit |
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Conclusion
KOHO International Money Transfers allow you to send money internationally from Canada, with upfront pricing making it easy to see what you’ll pay for your transfer. This makes it good for small scale transfers, but its daily and monthly limits mean that it’s not a great option for larger transfers.
As a result, if you need to exchange and send a large amount of currency, Wise may be a more suitable alternative. With mid-market rates and no hidden fees, you’ll know exactly how much your recipient will get. Wise also has a dedicated support team for large transfers, to give you peace of mind when transferring your money.
Sources
- KOHO Help - who can use KOHO international transfer
- KOHO international money transfer
- KOHO Help - How old do I need to be to use KOHO
- KOHO Help - New to Canada
- KOHO Help - How do KOHO’s exchange rates compare to banks
- KOHO Help - How fast is an International Money Transfer with KOHO
- How much is the foreign exchange fee? | KOHO Help Center
Sources checked on 07 October 2025
*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.
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