What's the cheapest way to send money from Canada to Portugal?

The cheapest way to send money from Canada to Portugal is through an online provider. Among the 16 available, [OFX](https://go.monito.com/ofx?lng=en) was most often the cheapest provider (in 57.3% of the searches on Monito.com in the past 3 months).

What are the best providers to send money from Canada to Portugal?

Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com: [OFX](https://go.monito.com/ofx?lng=en) (cheapest in 57.3% of the searches) [Paysend](https://go.monito.com/paysend?lng=en) (cheapest in 37.5% of the searches) [Instarem](https://go.monito.com/instarem?lng=en) (cheapest in 3.7% of the searches)

How much does it cost to send money from Canada to Portugal?

If you send money with the cheapest available provider, the total cost of a CAD-EUR transfer was 0.3% of the transfer amount (including all fees and exchange rates) over the past month. In contrast, the cost of the most expensive option was 10.1%.

What is the cost of making an international transfer from Canada to Portugal using my bank?

The average total cost (including hidden exchange rate markup) of making a CAD-EUR transfer with banks compared by Monito.com during the past months was 9.3% of the transfer amount. This is 28.4x more expensive than sending money with the cheapest online provider alternative. For a 1000 CAD transfer, this represents a saving potential of around 90.2 CAD.

Is PayPal a good option for sending money from Canada to Portugal?

It’s possible to send money to Portugal with PayPal, but it’s expensive. The average cost of transfers from Canada to Portugal with PayPal is 4.7%, whereas the cheapest online services have an average cost of 0.3% of the amount you send.

What's the cheapest provider to send money from Canada to a cash pick-up location in Portugal?

Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Portugal was [Remitly](https://go.monito.com/remitly?lng=en), with an average cost of 2.9% of the amount you send (includes fees + exchange rate margin). The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.5%. [OFX](https://go.monito.com/ofx?lng=en) was the provider most often the cheapest for transfers to bank accounts in Portugal.

What is the fastest option to send money from Canada to Portugal

The provider that was most often the fastest provider in comparisons of the past 30 days was [XE Money Transfer](https://go.monito.com/xe-money-transfer?lng=en) (average fastest transfer time: In minutes)

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Top Providers For transfers from Canada to Portugal

Based on 405 comparisons made by Monito users in the past 3 months.

Compare live results

Best for Transfers to a Bank Account

Cheapest
8.8

Cheapest

in 70% of all comparisons
Go to OFX
Top rated
9.5

Top rated

in 100% of all comparisons
Go to Wise
Fastest
8.7

Fastest

in 97% of all comparisons
Go to XE Money Transfer

Best of 15 providers. Compare all

Best for Transfers to Cash Pickup

Top provider
9.3

Cheapest

in 100% of all comparisons
Top rated

in 100% of all comparisons
Fastest

in 100% of all comparisons
Go to Remitly
Cheapest

in 100% of all comparisons
Top rated

in 100% of all comparisons
Fastest

in 100% of all comparisons

Best of 1 provider. Compare all

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1 CAD = EUR Mid-market exchange rate

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25M+ comparisons made

With more than 7 million searches per year, Monito's real-time comparison engine is a world leader in comparing international money transfer services.
$80M+ in transfer fees saved

By choosing a transfer service found on Monito, the average user pays a total of just 0.59% in fees and exchange rates. Compared to the 4.6% paid at a bank or traditional cash transfer service, Monito users have saved around $80 million in total to date!
200+ providers compared

For every service appearing on Monito, our experts build in-depth reviews using dozens of verifiable criteria to make clear, actionable recommendations to guide your decisions.
2,000+ in-depth guides

Far too often, sending money abroad is both pricey and problematic. That's exactly why our team of experts works tirelessly to offer the most in-depth, up-to-date, and helpful consumer advice.

Monito's Recommendations for Sending Money from Canada to Portugal

Advertiser disclosure

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Canada to Portugal:

Best Ways to Send Money from Canada to Portugal

The best rated: Wise (9.5/10)
The cheapest: OFX and Paysend
The fastest: XE Money Transfer
The best rated (transfer to cash pickup): Remitly (9.3/10)

Frequently Asked Questions

What's the cheapest way to send money from Canada to Portugal?

The cheapest way to send money from Canada to Portugal is through an online provider. Among the 16 available, OFX was most often the cheapest provider (in 57.3% of the searches on Monito.com in the past 3 months).
What are the best providers to send money from Canada to Portugal?
Here are the providers that were the most often the cheapest in the comparisons of the past 30 days on Monito.com:
- OFX (cheapest in 57.3% of the searches)
- Paysend (cheapest in 37.5% of the searches)
- Instarem (cheapest in 3.7% of the searches)
How much does it cost to send money from Canada to Portugal?

If you send money with the cheapest available provider, the total cost of a CAD-EUR transfer was 0.3% of the transfer amount (including all fees and exchange rates) over the past month.
In contrast, the cost of the most expensive option was 10.1%.
What is the cost of making an international transfer from Canada to Portugal using my bank?

The average total cost (including hidden exchange rate markup) of making a CAD-EUR transfer with banks compared by Monito.com during the past months was 9.3% of the transfer amount. This is 28.4x more expensive than sending money with the cheapest online provider alternative.
For a 1000 CAD transfer, this represents a saving potential of around 90.2 CAD.
Is PayPal a good option for sending money from Canada to Portugal?

It’s possible to send money to Portugal with PayPal, but it’s expensive. The average cost of transfers from Canada to Portugal with PayPal is 4.7%, whereas the cheapest online services have an average cost of 0.3% of the amount you send.
What's the cheapest provider to send money from Canada to a cash pick-up location in Portugal?

Over the past 3 months, the provider that was most often the cheapest for cash pick-up transfers in Portugal was Remitly, with an average cost of 2.9% of the amount you send (includes fees + exchange rate margin).

The average total cost to send to a bank account rather than to a pick-up location during the same period was 0.5%. OFX was the provider most often the cheapest for transfers to bank accounts in Portugal.
What is the fastest option to send money from Canada to Portugal

The provider that was most often the fastest provider in comparisons of the past 30 days was XE Money Transfer (average fastest transfer time: In minutes)

About Money Transfers from Canada to Portugal

Monito compares 16 providers offering international money transfer services from Canada to Portugal. The total cost of the cheapest available option at any given point in the past month was 0.3% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 10.1%.

💸 Number of providers	16
🏆 Cheapest provider (on average)	OFX
💰 Lowest total cost (on average)	0.3%
💰 Highest total cost (on average)	10.1%
💸 Most transferred amount	1000 CAD
⚡ ️Fastest transfer time	In minutes
💳 Pay-in options	Direct bank payment, Bank transfer, International bank transfer, Credit card, Debit card, PayPal
💵 Pay-out options	Bank account, Card, Cash pickup, Bank account (via international transfer)
👍 Recommended providers	CurrencyFair, Remitly, Wise, Skrill, Paysend, Currency Solutions, Xendpay, Instarem, Currencies Direct, XE Money Transfer, OFX, Moneycorp, Royal Bank of Canada, Halo Financial

Transferring Money From Canada to Portugal? Compare Your Options!

There are many options to send money from Canada to Portugal, but your bank is probably the worse one, as they will offer you a poor CAD-EUR exchange rate.

To get more Euros for your Canadian dollars, compare your options for the exact amount you want to send. Online providers like Wise, CurrencyFair or WorldRemit offer low and transparent fees with much more competitive exchange rates for your transfer to Portugal.

Best Rated Providers to Send Money from Canada to Portugal

9.5

9.3

9.0

8.8

8.8

8.7

8.7

8.4

8.3

8.2

8.0

7.8

See Monito's In-Depth Money Transfer Guides

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July 24, 2024 - by François Briod

Fastest Ways To Send Abroad

November 22, 2022 - by François Briod

Transfer Specialists vs Banks

November 22, 2022 - by Byron Mühlberg

Best Money Transfer Services

October 11, 2023 - by François Briod

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

You save money on your transfer by selecting the cheapest provider.
The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.
Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

How can I use Monito to find the best option to send money to Portugal?

Before each international money transfer, you should come and compare the costs of the different options on Monito, as they may have changed. The cheapest option is at the top, of our results but you may want to consider other criteria such as the speed of transaction or the pay-in or pay-out methods.
I simply use my bank to send money to Portugal, do I really need to compare other options?

Of course! Banks are usually not the best way to make international money transfers. The fees can be quite low (and sometimes even zero), but beware of the poor exchange rates which banks often apply. We list as many banks as possible in our results, so do compare to find out if you’d be better off switching to another bank or a specialized money transfer company.
Can I trust a company I found on Monito but never heard about before?

Yes. We only list money transfer operators or banks that are fully authorized and monitored by the regulation authorities of the countries where they operate.
Is it possible to send money with Monito, or are you just a service to compare money transfer services?

Monito is not a money transfer company. We’re here to help you find the best way to send money to Portugal.

Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.

Why You Can Trust Us

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, Monito co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services worldwide.

Today, Monito’s award-winning comparisons, reviews, and guides (no longer just about money transfers but also digital accounts, travel cards, eSIMs, and travel insurance) are trusted by millions each year. Our recommendations are backed by our comparison data and dozens of expert tests, allowing you to confidently make the savviest decisions.

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Find the best ways to send money to Portugal from Canada

Top Providers For transfers from Canada to Portugal

Best for Transfers to a Bank Account

Best for Transfers to Cash Pickup

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Compare 15 providers for a 1,000 CAD transfer from Canada to Portugal

Monito's Recommendations for Sending Money from Canada to Portugal

Best Ways to Send Money from Canada to Portugal

Frequently Asked Questions

About Money Transfers from Canada to Portugal

Transferring Money From Canada to Portugal? Compare Your Options!

Best Rated Providers to Send Money from Canada to Portugal

See Monito's In-Depth Money Transfer Guides

Everyone wins, except expensive solutions

Questions you may have

Mid-market exchange rate

Why You Can Trust Us