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A closer look at the RemitBee business account in Canada
RemitBee is a digital service for businesses that need international payments. It offers fee‑free transfers over 500 CAD and publishes exchange‑rate margins. Let’s look in depth and explore what the RemitBee business account offers, including who can sign up, how to get started, its key features, fees, limits, and how it compares with Wise Business for global needs.
Key features of the Remitbee business account
| Feature | Availability |
|---|---|
| International transfers | Available to over 100 countries |
| Transparent pricing tiers | Transfers under 500 CAD have a flat fee from 3.99 CAD depending on payment method; transfers of 500 CAD or more are fee‑free. Exchange‑rate margins typically range from 0.3%–0.8% above the mid‑market rate |
| Currencies supported | Send money to 100+ countries |
| Batch payments | Not supported; the service focuses on single transfers |
| Receiving capabilities | RemitBee is for sending only. Receiving methods when sending a transfer include via a bank deposit, cash pickup or cash delivery |
| Foreign currency holding | RemitBee doesn't offer local receiving accounts |
| CAD - USD | No fees for converting between CAD and USD between your bank accounts and customers can convert up to 1 million CAD per day2 |
| Payment speed | Most transfers are delivered within minutes or hours. In most cases, recipients receive transfers within 1 business day3 |
| Dedicated customer support | 24/7 support via phone, email, and chat |
Who can open a RemitBee business account?
To open a RemitBee business account, you’ll need to meet eligibility and documentation requirements. Meeting these criteria allows you to access RemitBee’s higher sending limits, competitive exchange rates, and other business-focused features and include:
Eligibility requirements4:
- Business ownership: You must be the owner or a registered director of the business, as shown in official documents
- Business type: RemitBee doesn’t open business accounts for money service businesses (MSBs). If you operate an MSB, you’ll need to use a personal account instead
- Location: Your business must be legally registered and based in Canada
Required documentation4:
- Official business registration: Proof that your business is legally incorporated or registered in Canada
- Proof of business address: Examples include a recent utility bill or a bank statement in the business name
- Proof of identity: A valid government-issued identification for the individual opening the account, confirming their identity and role within the company
How to open a RemitBee business account
- Click on the “Get Started” button on the website or mobile app
- Create a free account using your email address and secure password
- Select Business Account during setup
- Provide your business information, including registration details and industry type
- Upload required documentation for verification
- Wait for approval — RemitBee will contact you by email with confirmation
The process is online, and the RemitBee team reviews submissions within 24 hours5. If all details and documents meet requirements, your account is verified immediately. However, incorrect documents or information may result in some possible delays.
RemitBee business account fees and limits
| Service | Fee |
|---|---|
| Transfer fee | From 0 CAD up to 8.99+ CAD1 — varies by tier and sending method |
| Exchange rate | 0.3-0.8% margin added to mid-market rate1 (varies by receiving countries) |
| Minimum transfer amount | 10 CAD6 |
| Maximum per transfer | 100,000 CAD to send more, contact Remitbee 7 |
| Account opening fee | No fee1 |
| Monthly account fee | No fee1 |
Transfer speed and transaction limits
Estimated transfer durations by destination
| Destination Country | Average Delivery Time | Max Limit per Transfer7 |
|---|---|---|
| India | Within 1 business day | Send up to 100,000 CAD or exchange 500,000 CAD |
| Philippines | Within 1 business day | Send up to 100,000 CAD or exchange 500,000 CAD |
| US | Within 1 business day | Send up to 100,000 CAD or exchange 500,000 CAD |
| Pakistan | Within 1 business day | Send up to 100,000 CAD or exchange 500,000 CAD |
Advantages and drawbacks of the RemitBee business account
| Key advantages | Key considerations |
|---|---|
| Send to over 100 countries | Sending only — you can’t receive payments |
| Transparent pricing tiers with no monthly fees | No multi-currency holding options |
| Higher sending limits than personal accounts | No batch payment tools |
| Entirely online setup and management | Exchange rates include a markup over the mid-market rate |
Meet Wise Business - send money abroad at the mid market rate
Opening a business account at Wise is free, online and easy! With Wise, you don’t lose money to monthly subscriptions or have it held up as minimum balance. You pay only for what you use. Here’s what you get for the essential and complete version for a one-time fee of 55 CAD:
| Features | Essential features - without registration fees | All features for a one time payment of 55 CAD |
|---|---|---|
| Send money to over 70 countries | ✅ | ✅ |
| Wise Business Card | ✅ | ✅ |
| Holding and converting money across 40 currencies at the mid-market rate | ✅ | ✅ |
| Minimal fees starting at 0.48% | ✅ | ✅ |
| Local account details to receive payments in over 20 currencies | ❌ | ✅ |
| Direct debit to make recurring payments | ❌ | ✅ |
You can always upgrade from the essential features to avail all Wise business features for a one-time payment of 55 CAD
Experience owning a Wise business account
with our demo >>>
It only takes a few minutes to set up your multi-currency account, and make the most of the mid-market exchange rate.
Step 1. Enter information relevant to yourself and your business.
Step 2. Share essential information about your business. This includes
- Business registration
- The business registered and trading addresses
- The industry you’re in
- Online presence
- Name, date of birth, country of residence - for all stakeholders
- Documents proving ownership of the business
Step 3. Enter essential information to verify your identity
Step 4. Set up and make a transfer as indicated on your account. Alternatively, you could pay the one-time fee and get account details in over 10 currencies.
Step 5. Wise sends you a confirmation email within 10 working days.
In case you add team members to the business account, they will need to be verified too.
Wise's has been reviewed and appreciated on public platforms such as:
- Trustpilot Canada: 4.3/5 stars with 256,776+ reviews
- Play Store Canada: 4.7/5 stars with 1.28M+ reviews
How does RemitBee compare with Wise Business?
| Feature | Remitbee | Wise Business |
|---|---|---|
| Exchange rate | Markup on mid-market rate | Mid-market rate, no markup |
| Currencies supported | Send to up to 100+ countries | Hold, send and receive 40+ currencies, send to 160+ countries |
| Receive payments | No | Yes — with local details in 9+ currencies |
| Multi-currency account | No | Yes — hold, spend, and convert in 40+ currencies |
| Batch payments | No | Yes — pay up to 1,000 people at once |
| Max per transfer | 100,000 CAD7 | Up to 1.5 million CAD8 |
Should you choose a RemitBee business account or Wise Business?
RemitBee is a reasonable option if your main need is sending money internationally from Canada, especially in larger amounts, and you’re happy to manage each transfer individually. However, if your business needs to also receive international payments, hold foreign currency balances, or make batch payments, Wise Business offers a more complete set of features.
Conclusion
RemitBee’s business account provides a simple way for Canadian companies to send money abroad to over 100 countries and is transparent when it comes to fees and its markup on the exchange rate. It’s easy to set up, comes with high sending limits, and has no monthly fees.
However, it’s a sending-only solution without receiving capabilities or multi-currency holding. If your business operates internationally in multiple currencies, Wise Business can fill those gaps, letting you send, receive, and hold money in 40+ currencies, all at the real exchange rate.
Sources:
- Our fees and pricing | Remitbee
- Business Money Transfers | Remitbee
- International Money Transfer | Fast, Secure & Affordable
- Open a business account in Remitbee
- How long does it take to verify a business account?
- Send money to India from Canada RemitBee
- Business Accounts for Money Transfer & Currency Exchange | Remitbee
- Guide to CAD transfers | Wise Help Centre
*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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