Send Money To Canada

Updated on September 13, 2020
Personal
Business
From
United States Flag
United States
USD
To
Canada Flag
Canada
CAD
1 USD equals
1.318 CAD
09/13/2020 5:19 PM UTC
 
How much to transfer?
$1-1k
$1k-10k
$10k +
Provider
Features
Fees
Score
Speed
Transfer Now
OFX Logo
  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers
$
$
$

low

Fees
87
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • Debit card (UK only)
  • BPAY (Australia only)
  • Direct debit (U.S. only)

Features

  • Check Icon
    0.4% margin for new customers referred by iCompareFX
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Online and phone transfers

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for personal transfers
  • Circle Check Icon
    Get competitive exchange rates
  • Circle Check Icon
    Lets you schedule transfers with ease
  • Circle Check Icon
    Trading in some currencies possible only over the phone
  • Circle Check Icon
    Website access only in English

TorFX Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents
$
$
$

low

Fees
72
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank transfer
  • CHAPS (UK only)
  • BACS (UK only)
  • Visa debit card (UK only)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Scheduled transfers
  • Check Icon
    Forward contracts
  • Check Icon
    Limit and stop loss orders
  • Check Icon
    Travel money solutions for UK residents

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    Pay no fees for one-off transfers
  • Circle Check Icon
    Schedule transfers between £500 and £10,000 per month
  • Circle Check Icon
    Use hedging tools to protect yourself against FX fluctuations
  • Circle Check Icon
    No multilingual website

XE Money Transfer Logo
  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service
$
$
$

low

Fees
74
Speed Icon

medium

2-3 days

Less Information
+

Transfer Options

  • Bank Transfer
  • BPAY (Australia)

Features

  • Check Icon
    Fee-free transfers
  • Check Icon
    Competitive exchanges rates
  • Check Icon
    Limit orders
  • Check Icon
    Multilingual website and customer service

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

low

Fees
Speed Icon

medium

2-3 days

Best For

  • Circle Check Icon
    No fees for personal transfers
  • Circle Check Icon
    Accepts payments in several currencies
  • Circle Check Icon
    Target specific rates using limit orders
  • Circle Check Icon
    No debit or credit card payments
  • Circle Check Icon
    No scheduled transfers

WorldRemit Logo
  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website
$
$
$

medium

Fees
63
Speed Icon

fast

1-2 days

Less Information
+

Transfer Options

  • Bank Transfer
  • Debit / Credit card
  • Google / Apply Pay
  • POLi (Australia)

Features

  • Check Icon
    Bank account transfers and cash transfers
  • Check Icon
    Mobile airtime and mobile wallets top up
  • Check Icon
    Home delivery of transferred funds
  • Check Icon
    Multicurrency WorldRemit Wallet
  • Check Icon
    Multilingual website

Support

  • Phone
Support
Phone Icon
Phone
$
$
$

medium

Fees
Speed Icon

fast

1-2 days

Best For

  • Circle Check Icon
    Transfers to cash pickup locations
  • Circle Check Icon
    Transparent rates and fees
  • Circle Check Icon
    Low minimum transfer amount
  • Circle Check Icon
    No hedging tools
  • Circle Check Icon
    No scheduled transfers

Payoneer Logo
    $
    $
    $

    high

    Fees
    71
    Speed Icon

    medium

    2-3 days

    Less Information
    +

    Transfer Options

    • Bank transfer
    • Debit card
    • Credit card
    • Bank debit

    Features

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      high

      Fees
      Speed Icon

      medium

      2-3 days

      Best For


      Currencies Direct Logo
      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website
      $
      $
      $

      low

      Fees
      84
      Speed Icon

      medium

      2-3 days

      Less Information
      +

      Transfer Options

      • Bank transfer
      • Debit card

      Features

      • Check Icon
        Forward contracts and limit orders
      • Check Icon
        Scheduled transfers
      • Check Icon
        Travel money solutions for residents of the UK
      • Check Icon
        Multilingual website

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      medium

      2-3 days

      Best For

      • Circle Check Icon
        Schedule transfers easily
      • Circle Check Icon
        Make use of hedging tools
      • Circle Check Icon
        Accepts customers from most countries
      • Circle Check Icon
        Cannot sign up from all states in the U.S.

      TransferWise Logo
      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app
      $
      $
      $

      low

      Fees
      75
      Speed Icon

      fast

      1-2 days

      Less Information
      +

      Transfer Options

      • Bank Transfer
      • Credit Card
      • Debit Card
      • Country specific alternatives

      Features

      • Check Icon
        Transparent fee structure
      • Check Icon
        Send money to email addresses
      • Check Icon
        Multicurrency account with debit card
      • Check Icon
        Multilingual website & app

      Support

      • Phone
      Support
      Phone Icon
      Phone
      $
      $
      $

      low

      Fees
      Speed Icon

      fast

      1-2 days

      Best For

      • Circle Check Icon
        User friendly mobile app
      • Circle Check Icon
        Multi-currency account
      • Circle Check Icon
        Travel debit card
      • Circle Check Icon
        No scheduled transfers
      • Circle Check Icon
        No dedicated account manager

      How to send money to Canada

      How To Step Icon
      Step 1
      Check reviews, compare options, sign up
      Check reviews, compare options, sign up
      Go through reviews of the companies that let you send money to Canada easily.
      Select the best option according to your requirements.
      Register as an individual or a business by providing the required information.
      Provide details such as a valid driver's license or passport.
      How To Step Icon
      Step 2
      View exchange rate before initiating transfer
      View exchange rate before initiating transfer
      Check historical CAD exchange rates
      Compare them with the rate that your service provider offers. This might vary depending on the transfer amount.
      To initiate the transfer process, lock in the exchange rate, and part with the recipient's bank account details.
      How To Step Icon
      Step 3
      Transferring the money
      Transferring the money
      Pay for your transfer using any of the available methods.
      The process of transferring money to Canada begins only after the company receives your payment.
      The recipient typically receives the money within a stipulated turnaround time.
      You may get to track your transfer via text notifications or online updates.

      What you will need to send money to Canada

      Sending money to Canada from overseas usually requires that you verify your identity by providing details from an acceptable ID document. You will need to provide your bank account or credit/debit card details to pay for your transfer. Your service provider will also need the receiver's Canadian bank account details.
       

      Ways to receive money in Canada

      There are multiple ways to receive money transfers in Canada:

      • Cash pick-up
      • Local bank accounts
      • Multi-currency receiving accounts

       

      Cash pick-up

      Cash transfers tend to attract higher fees in comparison to bank account transfers. If you wish to transfer funds to a cash pick-up center in Canada, your top alternatives include Xoom, Ria, Western Union, and MoneyGram. Xoom customers in Canada may collect cash from Ria cash pick-up centers.

      Here are addresses of a few cash pick-up locations in Canada.

      Ria cash pick-up locations in Canada 

      Montreal:

      Électrocell Desjardins (inside Complexe Desjardins)

      150, Rue Sainte-Catherine O

      Montreal

      SouvenirsTabagie

      391, Sherbrooke Ouest

      Montreal

      Toronto:

      Money Emporium Inc (Inside of The Sheraton Centre)

      123, Queen Street, West Suite C73

      Toronto

      Gold One Jewellery

      21, Carlton St, Suite B

      Toronto

      Xoom cash pick-up locations in Canada 

      Montreal:

      Canada Inc

      435, Boul Henri-Bourassa E

      Montreal

      Quebec Inc

      1925, Boul Henri Bourassa E

      Montreal

      Toronto:

      Ontario Inc

      1301, Gerrard St East

      Toronto

      Berman Money Transfer Inc

      1444, Dupont St, Unit 1B

      Toronto

       

      What is required for cash pick-up in Canada

      Your service provider will ask for the recipient's full name and a desired cash pick up location. The receiver may collect the transferred cash by presenting a reference or transaction number along with a valid form of ID document such as a passport or a driver's license.
       

      Local bank accounts

      All good international money transfer companies support Canada as a destination country. All Canadian banks are supported as well. 
       

      Multi-currency receiving accounts

      Some leading money transfer companies offer unique solutions through local virtual Canadian bank accounts. This solution is particularly useful for non-Canadian businesses that have suppliers or customers based in Canada.  You can payout and receive payments locally using a multi-currency receiving account. Payments are then transferred internationally at preferential rates when compared to bank wire transfers. By avoiding high banking fees and unfavorable exchange rates, this will save you and your customers money.

      The following money transfer companies offer local CAD banking details with a multi-currency account.

      OFXGlobal Currency Account
      WorldFirstWorld Account
      Currencies DirectMulti-Currency Account

      FAQs

      Best way to send money to Canada

      Transferring funds directly into a recipient's bank account is the best way to send money to Canada. The best way to pay for your transfer is through your bank account because credit/debit card payments tend to attract higher fees. Some of the top companies that let you send money to Canada include XE, TransferWise, OFX, WorldFirst, and WorldRemit.

      Cheapest way to send money to Canada

      The cheapest way to send money to Canada is directly into the recipient's bank account, as cash transfers typically come at an additional cost. The most cost-effective payment method is a bank account transfer.

      Best way to send money from USA to Canada

      The best way to send money from the US to Canada is by selecting a company that has local USD receiving accounts, as this reduces currency conversion costs for you. Examples of companies with local USD receiving accounts include XE, TransferWise, OFX and WorldRemit.

      Can I send money to Canada with Zelle?

      No you can’t send money to Canada with Zelle. Zelle is only supported in the US. US residents with US bank accounts can open and use Zelle accounts. Zelle does not support international money transfers.

      Does Zelle work in Canada?

      No. Zelle does not work in Canada. Zelle is available in the US for customers with US bank accounts. Zelle does not work with Canadian banks.

      Can Cash App be used in Canada?

      No. Cash App is available to UK and US residents only.

      Can I send money to Canada with Cash App?

      No. Sending money to Canada with Cash App is not supported. Cash App only allows international money transfers between the US and UK. Funds are sent at the real time exchange rate with no additional fees.

      Can I send money to Canada with PayPal?

      Yes, you can send money to Canada with PayPal. Canadians may use their PayPal accounts to receive money online by using their email address or mobile number. They can transfer money within Canada using their PayPal balances or linked bank accounts. They may also use their PayPal accounts to shop online.

      Can I use Venmo to send money to Canada?

      You cannot use Venmo to send money to Canada. Venmo only allows transfers within the U.S. as of now.

      Does TransferWise work in Canada?

      Yes, TransferWise works in Canada. You may use the services of this company to send money to or from Canada. Canadians may pay for their outbound transfers via direct debits, debit/credit cards, wire transfers, or even as online bill payments. TransferIWise offers a multi-currency account for Canadians in the form of its Borderless Account. This account is meant for travelers, expats, sole traders, and freelancers, giving them access to bank account details from different countries.

      How can I send money to Canada from USA?

      It is very easy to send money to Canada from USA. International wire transfers from US banks and specialist international money transfer companies are viable options. Wire transfers from the big banks can charge up to 5% over the real exchange rate as well as additional fees. However, you can pay as little as 0.4% on USD/CAD transfers and no additional fees with OFX.com.

      How do I transfer money to a Canadian bank account?

      You will need to give your service provider the recipient's full name, the name of the receiving bank, the recipient's bank account number, a three-digit bank institution number and a five-digit transit number.

      How much money can I transfer to Canada?

      How much money you may transfer to Canada is essentially up to you because the country has no legal maximum limits on inward remittances. However, you may be subject to limits depending on which service provider you select. If you wish to carry out large-value transfers, consider turning to companies that have no such limits in place. Examples include Global Reach Group and OFX.

      Why is Venmo not in Canada?

      Venmo limits its operations to the United States. Senders and receivers of all transfers through Venmo need to be physically located within the US.

      Can I wire transfer from US to Canada?

      Yes, international wire transfers from the US to Canada are possible. However, this is an expensive option. You may benefit by using the services of a specialist money transfer company instead.

      Convert USD to CAD

      Check out the historical exchange rates for the last thirty days. Learn how much you can save by using a global money transfer company instead of the big banks.
      USD
      CAD
      Sending money online through specialist money transfer companies.

      Expect to receive between CA$130.49 and CA$131.29 when sending money from USD to CAD at today's exchange rate.

      Compare that to sending money overseas through retail banks. Expect to receive approximately CA$125.22, not including additional banking fees. That is an average saving of CA$5.67.
      Currency exchange rate in the last 30 days

      Need more information?

      Read useful guides on international remittance and more detailed reviews on the best money transfer services.

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