Personal Finance Money transfer

Volet (formerly Advcash) vs Wise: Which one is better for international transfers?

Piyush Singh

19.09.25

Read time 2 minutes

Advcash has re-emerged with a fresh identity and name: Volet!¹ The digital finance tool retains its hallmark crypto-friendly services, international money transfers, and multi-currency wallets, which we’ll expand on in this article. We’ll cover Volet’s features, exchange rates, and fees, before evaluating Wise as an alternative for Canadians seeking low-cost international transfers.

What does Volet offer?

Before it was called Volet, it was called Advcash, a digital finance platform with millions of global users since 2014.^1. Users can use Volet for built-in crypto exchange, savings accounts in both fiat and crypto, new management tools for crypto wallets, financial products, and improved card service.² Volet supports multi-currency wallets, crypto deposits and withdrawals, including free P2P instant transfers between personal accounts.²

This guide will take you through everything you need to know about Volet, formerly Advcash and Wise which offers you themid market exchange rate, low fees and more!

Pros and cons of using Volet for international transfers

Pros	Cons
Blockchain technology allows for fast transfers.⁴	Fees are not transparent and certain.
Supports over 150 countries and 110+ fiat currencies.⁴	Monthly inactivity fee after 6 months of no transactions⁶
Instant P2P transfers.⁴

How Wise works for Canadians

Wise is a popular platform operating since 2011, regarded for its transparent pricing, exchange rates, and multi-currency accounts. Used for personal and business banking, Wise allows Canadians to hold, send, and spend in 40+ currencies at mid-market exchange rates, with low, upfront fees. Users can open a free Wise account in minutes, obtain local bank details in several countries, and link cards to spend globally.

Pros & Cons of Wise

Pros	Cons
Transparent fees and real exchange rates, including the mid-market exchange rate, the fairest rate available, without any hidden markups or fees.	ATM fees for withdrawals over a certain limit.
Holds over 40 currencies.	No cash deposits available.
A multi-currency card that allows you to spend and withdraw money in various currencies.
Many transfers arrive on the same day or the next day.
No monthly account fees or minimum balance requirements.

Side-by-side comparison: Volet vs Wise

Feature comparison

Feature	Advcash/Volet	Wise
Crypto support	Yes	No
Currencies held	10	40+
Exchange rate model	Markup	Mid-market rate
Currency conversion fee	0.5% -3.5%⁶	0.48% onwards^*
Transfer limits	Depends on account	Varies by currency
Inactivity fee	1 USD/month starting at 6 months of inactivity.⁶	No

Key differences between Volet and Wise

Service/Brand	Volet	Wise
Crypto support	Offered	Not offered
Transparency	A full list of card and associated fees is available on their website, including zero charges for account setup, verification, or ongoing maintenance.⁶	Transparent fees and mid-market exchange rate shown upfront before you make a transfer
Card usage	Comes with both physical and virtual options, and can be used for online purchases, in-store payments, and ATM withdrawals.³ It’s linked to the account and can be managed within the account profile.³	Comes with both physical and virtual options, and can be used for online purchases, in-store payments, and ATM withdrawals when abroad. It’s linked to the account and can be managed within the account profile.
Trust and Regulation	All data is treated as sensitive and stored only on physically protected, HSM-encrypted servers.¹¹ There are robust security- and privacy-driven internal policies.¹¹	Wise has over 65 licenses worldwide, regulated by local authorities. Wise offers two-factor authentication, encryption, fraud prevention protocols, biometric verification, 3DS Secure payments, and real-time transaction monitoring, and 24/7 customer service.

Conclusion

Volet is a flexible platform combining money transfers with multi-currency and crypto features, a solid option if you need everything in one place. It does, however, come with hidden foreign exchange markups and inactivity fees, which can be a downside. Wise’s approach is different, offering upfront pricing and zero hidden fees. Its strong exchange rates and fee structure make it a trusted choice for Canadians looking for fair international transfers. If crypto is a must-have, Volet could be a better fit, but for a more well-rounded, transparent, and predictable pricing, register for your free Wise account.

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*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.