Yes, there is a fee for each transaction. This fee is listed in the app when you select the payment method you wish to use for withdrawal. Once the fee is deducted, the remaining amount will be processed.
Please note that if the currency of your MuchBetter account is not CAD, we will first convert the remaining amount using the mid-market rate from www.xe.com (which fluctuates every 5 minutes) plus a small conversion margin.
Fees are subject to change as we strive to constantly adjust these to offer a competitive and transparent service for our customers. You can find more information on fees by visiting our site at https://muchbetter.com/muchbetter-fees.
If you would like to change your MuchBetter account currency to CAD, please contact us and we will gladly help.