Send money internationally to Canada (CAD) using the mid-market exchange rate.
Check and compare the rates from the major money transfer providers.
Send money to Canada
What is the best Canadian Dollar exchange rate today?
How much does it cost to send money to Canada?
- International money transfers shouldn't be expensive.
- Make sure your provider doesn't add hidden fees or bad exchange rates to your money transfer.
- You should choose a provider that uses the mid-market exchange rate to convert your money.
What are the payments methods to send money to Canada?
The available payment methods for your international transfer may vary. Most of the times these should be:
- Debit Card.
- Credit Card.
- Bank Transfer.
How long does it take to send money to Canada?
How long does an international transfer take? It mostly depends on:
- Countries you send from and to.
- Public holidays or weekends.
- Payment methods.
- Potential security checks.
How to arrange a bank transfer online?
- Log into your bank's online banking service – you may need to verify your identity for security
- Navigate to the payment option which may be under 'bank to bank transfers' or 'personal payments' for example
- Follow the prompts to enter your recipient's details including their name, the bank name and account number. You'll also usually need a routing number, SWIFT code, sort code or similar, to help guide the payment to the right account
- Add the payment amount and double check all details
- Confirm the transfer, and your money is on its way
Send money to Canada - FAQs
Billions of dollars every year are sent from Canada in the form of remittances - in 2018 over $4 billion was sent to China alone, and nearly $3 billion was remitted to India. If you're looking for a smart way to send money to friends and family from Canada - or if you need to receive an international payment while in Canada, read on.
How to send money to Canada - easy steps:
To send money to or from Canada:
- Research to find the best international transfer provider for your needs
- Review the fees and exchange rates available, and set up your payment
- Pay for your cross border transfer online or at an agent or branch
What information would you need to send money to Canada?
If you're transferring money to a bank account, you'll need:
- Recipient's name as on their bank account
- Bank account number
- Bank name and SWIFT code or BSB/routing number
What are the best ways to send money to Canada?
If you're sending money overseas, your bank might not be the best option. Sure, it's familiar - but you can probably get a better exchange rate and lower fee if you seek out a specialist provider instead.Compare your bank with online only services and those which work through agents, such as Western Union - although online only providers, such as Wise, typically have lower fees.
What is the best money transfer exchange rate to Canada?
Look carefully at the exchange rates offered by banks and money transfer services. It pays to compare these rates to the mid-market exchange rate which is available on Google. This is the rate banks get when they buy currency - but they'll often add a markup to the rate they pass to customers. Find a provider offering the mid-market rate to get a better deal.
