Find the Best Rated Providers to Send Money to Canada
Our real-time comparison engine finds the cheapest providers for your transfer to Canada, you save on fees and exchange rates. That way, more money arrives.
How to send money to Canada
Discover how to transfer money to Canada with the best exchange rate with these 4 steps
1. Make sure the Canadian dollar exchange rate is in your favor
Making your transfer on the right day gives your more CAD for your money. We advise our users to set-up our smart exchange rate alerts to track the CAD mid-market rate against your currency.
2.Compare more than 36 companies sending money to Canada and find the best one.
There are many different companies to make money transfers to Canada, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. Going with the most competitive money transfer provider from the more than 36 available options is a sure way to save on costs.
3.Choose the best service for your personal needs
Do you need to send money to Canada at the lowest cost, with the fastest option or with the best rated provider?
4. Sign up and start your transaction with the provider of your choice
Visit the money transfer provider's homepage to complete the sign-up process - be ready to upload an ID and/or a proof of adress - and set upyour transfer.
How to Send Money to Canada
Thousands of people like you send money back to Canada every week. With around 3 million Canadians living outside Canada, everyone needs an easy and inexpensive way to send Canadian dollars back home to benefit family, friends and others.
Banks in neither your adopted country nor Canada have the best fees or exchange rates for converting money into Canadian dollars. That’s why it’s vital to compare all of your options for sending money back to Canada so your Canadian dollars can go further. Whether you want to make a one-off currency transfer or you need to send money online regularly, we can help you find the best options.
People from Canada send around $1.4 billion back home each year, that’s an average of $1,100 each. Our research shows that most people overspend by up to five percent on their transfers, so using a lower-cost provider could save Canadians up to $70 million collectively or up to $55 individually, every year.
You won’t get the best exchange rates from your bank or PayPal, and we want to stop you from overpaying. We make it easy to compare the best-value options for money transfer or you can select one of the recommended currency providers on this page. You can easily send money online and pay by wire transfer, bank deposit, card, cash or in some other way.
You can save over $70 Canadian dollars a year when sending money to family, friends or businesses in Canada.
Where are you sending money to Canada from?
I Want to Transfer Money to Canada, but Which Provider Should I Use?
There are plenty of options for sending money back to Canada. Here on Monito we cover all the popular specialist money transfer providers and banks for converting your money into Canadian dollars and sending it home.
We know there are lots of ways to transfer currency to Canada, which is why we compare all of the most popular options side-by-side so you can make an informed choice. The best online money transfer provider for you will depend on several areas like the exchange rate they offer, how much you are sending, where you are sending from, the currency you are exchanging into Canadian dollars and some other factors.
We take all of those details into account when recommending the best way to send money to Canada. We’ll help you find the fastest and cheapest ways to send money home. For example, we can tell you the best providers for sending money to Canada from the US, the UK, Australia, Italy, France and other countries.
For most money transfer providers, you can either sign up through their websites or download their apps which will give you fast and easy access from any smart device. We provide a useful “Smart Alerts” service that tells you how currency exchange rates are changing so you can choose the best time to send Canadian dollars back to Canada. Learn more and sign up here.
The Cheapest and Best Ways to Send Canadian Dollars to Canada
There are several good options for online currency exchange, depending on how the person you’re sending money to wants to get access to their Canadian dollars.
Sending Less Than $500 US to a Bank Account in Canada
If you want to send money to a bank account in Canada, we recommend using a specialist currency provider. If you’re transferring under $500 or equivalent, your best options include InstaReM, Transfast and TransferWise. You can find links to them elsewhere on this page.
Sending More Than $500 US to a Bank Account in Canada
If you’re sending more than $500, we recommend Transfast, Xoom and InstaReM. You can find links to them elsewhere on this page.
Banks that You Can Transfer Canadian Dollars to in Canada
You can normally arrange to send Canadian dollars to any of the following banks: The National Bank of Canada, the Royal Bank of Canada, Scotiabank, BMO, HSBC and more.
Cash Pick-Up Locations in Canada
Some of these banks are also popular locations for picking up Canadian dollars that you have transferred. If the beneficiary wants to collect Canadian dollars as cash in Canada without going through a bank, then a provider like Xoom is a good option. You can find links to them elsewhere on this page.
Xoom has dozens of local bank, cash agent and partner locations where you can pickup cash in Canada.
If you have any questions about sending Canadian dollars to Canada, we’re happy to help, get in touch with us now.