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 send money to Canada with the best exchange rate in a few easy steps

1. See if the CAD exchange rate is at your advantage

Sending money on a favorable day can help you save money. You should use exchange rate email alerts to frequently check the currency exchange rate between Canadian dollars and the currency of your choice.

2.Go with the best deal by comparing all the available services.

There are many different companies able to send money to Canada, such as Wise, TransferGo, Wise Multi-Currency Account, Paysend, SingX. Picking the right service from the available options is the best way to save money.

3.Select the best service for your personal needs

What do you value the most? Overall cost, speed of the transaction, user ratings? Evaluate the advantages and disadvantages before deciding which provider to use.

4. Sign up and start your money transfer to Canada with the company you selected

It is now time to fill the sign-up form on the provider's online portal - be ready to upload a copy of your ID and/or a proof of adress - and set upyour money transfer to Canada.

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.

Where are you sending money to Canada from?
Select a country

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.

Popular Canadian Banks

The National Bank of Canada

Royal Bank of Canada


BMO Bank


Toronto-Dominion Bank

Bank of Montreal

Monito helps you find the best way to send money around the 🌎

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe. Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Advertiser Disclosure

Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.