How to send money to Canada
Learn how to send money to Canada at the lowest cost in 4 easy steps
1. Check the CAD mid-market exchange rate against your own currency
Making your transfer on a date when the mid-market is higher than usual can help you save money. Keep an eye on the evolution of the Canadian dollar mid-market and validate your transfer when the exchange rate reaches your target level.
2. Select the optimal deal by comparing all money transfer providers.
We compare plenty of companies to send money to Canada, such as TransferGo, TransferWise, Western Union, MoneyGram, Currencies Direct. Get the most of your transfer by comparing all these options to find the best one for your upcoming money transfer.
3. Select the best money transfer company based on your criteria
Which criteria is the most important for you? Exchange rate and fees, speed of transfer, number of positive evaluations? Consider the advantages and disadvantages before making your decision.
In addition, it is important to pay attention to the pay-in and pay-out methods. Transferring money from your e-banking or via your debit or credit card are the most common pay-in options to send money to Canada online. In Canada, you often have to decide if you want the amount in CAD to be transferred to your recipient's account or received in cash (from an agent location).
4. Sign up and start your transaction with the provider of your choice
It is now time to sign up on the money transfer provider's homepage - be ready to upload an ID document and/or a proof of adress - and get started with your transfer to Canada.