With our wire transfers, you can send and receive funds within Canada or internationally quickly and securely. Mainstreet staff are always happy to help you with any specific questions pertaining to sending or receiving funds!
Sending a Wire Transfer
To send a wire transfer, please visit one of our Mainstreet branches or call us. Please fill out the Outgoing Wire Transfer form before visiting your branch or calling a Mainstreet branch to make the process as smooth as possible.
The recipient country may require additional information depending on the wire transfer.
Service Fees for Outgoing Wire Transfers
Mainstreet charges $25 for processing outgoing wire transfers sent to Canada/US, and $50 for anything outside of Canada/US. Note, intermediary banks may deduct service charges prior to the wire transfer arriving at the beneficiary financial institution.
Looking to see Foreign Exchange Rates? Visit here.
Receiving a Wire Transfer
To ensure that the bank information provided is accurate when receiving a wire transfer (incoming wire), please check the Incoming Wire Transfer Form. If your wire transfer instructions are incomplete, the funds could be held at intermediary banks for an extended period, or they could be refunded back to the sending bank after having been charged.
To avoid unnecessary fees, delays, or currency conversions, the correct intermediary banks (as listed on the Incoming Wire Transfer Form) must be used.
We ask that you print these documents and bring them to your local Mainstreet branch or call your local branch to get the information you need.
Service Fees for Incoming Wire Transfers
Before the wire transfer reaches Mainstreet, the sending and intermediary banks may deduct service fees. Mainstreet charges a $15 CAD/USD service fee for processing incoming wire transfers.
Processing for Incoming and Outgoing Wire Transfers
- It usually takes two to three business days for wire transfers sent within Canada or the United States to be processed.
- It can take up to five business days for international wires to be completed.
- If wires are undelivered, a wire trace request must come from the sending institution.
Our Member Experience Centre can assist you with wire transfer instructions or contact your local branch or advisor.
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