About us

Monito is a comparison website for international money transfer services.

We compare and review more than 350 money transfer operators, to help you find the best option for each of your international transaction.

Exchange rate alerts

Save money by sending at the right time, with the right provider.

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

Learn how to send money to Canada at the best rate in a few easy steps

1. Check the CAD mid-market rate against the currency you want to send

Even though the evolution of the currency market is unpredictable, it can help you save money to monitor it to maximize how much you get after the conversion. Keep an eye on the evolution of the Canadian dollar exchange rate and send the money when the mid-market rate is close to its highest level of the last few days.

2. Find the best option by comparing all money transfer companies.

Monito compares 36 services able to send money to Canada, such as TransferGo, TransferWise, Western Union, MoneyGram, CurrencyFair. Selecting the best money transfer provider from the more than 36 available options is the best way to save money.

3. Choose the best option with your own criteria

Decide if you’re looking for the option with the lowest price, the quickiest transfer options, most positive customer reviews, or a combination of these factors.

In addition, it is important to take into account the pay-in/out methods. Local bank transfer, debit and/or credit cards are the most common pay-in options to send money to Canada online. At the other end, in Canada, look at different options if you need the converted amount to be transferred to your recipient's account or received in cash (from an agent location).

4. Sign up and start your money transfer with the money transfer provider of your choice

It is now time to sign up on the provider's online portal (you usually have to upload some information to confirm your identity), and get started with your transaction.

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?

Country from
United Kingdom
Country to
Canada
You send
GBP
To
EUR

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.

The best money transfer providers to send money to Canada

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