What's the best way to transfer money to the US from Canada? 💸

Here are the best ways to send money to the US from Canada depending on your needs: Wise and CurrencyFair are the cheapest ways to send money to a US bank account; The best-rated services on Monito for sending money to the US from Canada are Wise, Skrill, and WorldRemit. The fastest service to send money to the USA from Canada is Skrill, enabling same-day transfers to a US bank account if paid with a Canadian debit or credit card; Scotiabank and Paypal are the most expensive way to send money from Canada to the US. Run a search on Monito's real-time comparison engine to find the best deal with just a few simple clicks.

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

A good rule of thumb is to avoid using your bank to send money from Canada to the US. Banks offer unfavourable conditions for the transaction by charging high fees and hidden exchange rate charges. To find the cheapest way to send money from Canada to the US, compare CAD to USD exchange rates and money transfer fees in real-time using Monito's real-time comparison engine.

How to send money from Canada to the US bank account at the best rate? 🏦

Banks offer convenient transfer solutions to the United States, but this convenience will cost you a large sum of money. Here are some examples of international bank transfer fees from a Canadian Bank Account to the US: Fees to send money to the US with Scotiabank: C$1.99 fees + 3% mark-up on exchange rate means that you'll pay C$32.79 for a C$1,000 transfer to a US Bank Account Fees to send money to the US with RBC: C$6 fees + 2.7% mark-up on exchange rate means that you'll pay C$27.29 for a C$1,000 transfer to a US Bank Account Fees to send money to the US with CIBC: C$30 fees + 6.4% mark-up on exchange rate means that you'll pay C$64.70 for a C$1,000 transfer to a US Bank Account With Monito, you can find money transfer services that offer cheaper and faster transfers from Canada to the US. Here's how to send money from Canada to the United States with a money transfer specialist: Use Monito's real-time comparison engine to find the best transfer from Canada to the US; Open an account online or log in if you already have an account; Set up your transfer and provide the beneficiary's bank details; Fund your transfer in Canadian dollars by wire transfer or by debit or credit card payment; Send your money on its way from Canada to the US; The money transfer specialist will use their local bank account in the US to deposit money on the beneficiary's bank account, thereby bypassing the international banking fees.

Can I send money from Canada to the US using Google Pay? 📱

Yes, you'll be able to send money from Canada to the US using Google Pay either through Wise (which offers some of the best exchange rates to US bank accounts) or Western Union (which offers cash pay-out methods and a large number of other payment options.) To get the job done, simply login to Google Pay, make an ordinary transaction to a beneficiary in the US, and select either Wise or Western Union when prompted.

Find the best ways to send money to the USA from Canada

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Top Providers For transfers from Canada to the USA

Based on 14,439 comparisons made by Monito users in the past 3 months.

Compare live results

Best for Transfers to a Bank Account

Cheapest
9.1

Cheapest

in 60% of all comparisons
Go to Remitly
Top rated
9.5

Top rated

in 100% of all comparisons
Go to Wise
Fastest
8.7

Fastest

in 58% of all comparisons
Go to Panda Remit

Best of 18 providers. Compare all

Best for Transfers to Cash Pickup

Top provider
9.1

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

Stay on top of the market

1 CAD = USD 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 the USA

Affiliate 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 the USA:

Best Ways to Send Money from Canada to the USA

The best rated: Wise (9.5/10)
The cheapest: Remitly and Currencies Direct
The fastest: Remitly
The fastest (transfer to a bank account): Panda Remit

About Money Transfers from Canada to the USA

Monito compares 18 providers offering international money transfer services from Canada to the USA. The total cost of the cheapest available option at any given point in the past month was -0.6% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 11.3%.

💸 Number of providers	18
🏆 Most often cheapest provider	Remitly
💰 Average Lowest Total Cost	-0.6%
💰 Highest Total Cost	11.3%
👍 Recommended Providers	XE Money Transfer, Xendpay, Skrill, Wise, Remitly, Currencies Direct, Instarem, Panda Remit, Royal Bank of Canada, OFX, WorldRemit, CurrencyFair, Moneycorp, Currency Solutions, Halo Financial, Paysend
⚡ ️Fastest Transfer Time	In minutes
💳 Pay-in Options	Direct bank payment, Bank transfer, Credit card, Debit card, International bank transfer, PayPal
💵 Pay-out Options	Bank account, Card, Cash pickup, Bank account (via international transfer)
💸 Most transferred amount	1000 CAD

How To Send Money From Canada to the US

If you want to send money from Canada to the US, you'll have two broad options to choose from. One will go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service. Either option can involve a wire transfer or an Interac e-Transfer from Canada to the US, with the main difference being the cost. We explore them both below:

1 — How to Transfer Money From Canada to a US Bank Account

Using an online international money transfer service is the fastest and cheapest way to transfer money from Canada to the US. Several top online transfer platforms offer CAD to USD transfers, including:

Wise
Skrill
XE Money Transfer
WorldRemit
Paysend
Xendpay
MoneyGram
Instarem
PayPal (which we don't recommend due to its fees)
Halo Financial and OFX (both are FX brokers for larger transfers)

In general, money transfer services are the best way to send money abroad because they're the cheapest and usually the fastest and easiest to use options out there. Find out more about money transfer services here.

2 — Bank Transfers From Canada to the US

Using your bank — whether it be CIBC, RBC, Scotiabank, TD Bank, or any other — is a reliable option for sending money from your bank account to a bank account in the US. However, it's costly, and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps.

It's sometimes also possible to send an Interac e-Transfer from Canada to the US via Mastercard or Western Union, but not all Canadian banks offer this service.

Sending money from Canada to the US with Scotiabank, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. For this reason, we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers.

How To Send Money From Canada to the US

When considering how to send money from Canada to the US, you'll have many options at your disposal. However, while it may seem overwhelming, transferring money from Canada to the US is all straightforward. The process will generally involve making a bank transfer, card payment, or another form of mobile payment.

Transfer Money From Canada to a US Bank

To transfer money from Canada to a US bank account, you'll have two options:

On the one hand, you can make an international wire transfer to send money from Canada to the US, which can be done from your American bank account to your (or your recipient's) Canadian one. Wire transfers from Canada to the US are preferred by most big-name US banks and tend to be very slow and pricey. Find out more about making a wire transfer from the US in our in-depth guide here. (Bear in mind that it's possible to send money from a Canadian bank to the US via Interac's partnership with Mastercard and Western Union, meaning that it's possible to use Interac e-Transfer to send money from Canada to the US.)

The other option you have is to make an ordinary bank transfer (i.e. an ACH transfer) to the local bank account of an international money transfer specialist service, which, in turn, will pay out the funds more speedily and cheaply to your recipient in Canada than the bank would.

When sending money from Canada to the US, these specialist services are significantly faster and equally secure as the banks, and everything is wrapped up at a fraction of the cost. This is because funds sent via wire transfers (the method most banks use to send money abroad) typically need to follow several steps as they pass via SWIFT, adding new time and costs to the process. Find out more about how ordinary ACH transfers differ from wire transfers in our guide here.

According to search data from Monito's comparison engine for Canada to the US money transfers between June 2020 and 2021, the best way to transfer money from Canada to the US is usually one of the following specialist services:

Canada to US Money Transfers With Wise

Wise offers domestic bank transfers, wire transfers, and credit and debit card payments to be deposited into any Canadian bank account. It was the cheapest way to send money to the US from Canada on a convincing 86% of Monito comparisons between June 2020 and 2021.

Canada to US Money Transfers With WorldRemit

WorldRemit, which offers speedy bank transfers and card payments to bank accounts in Canada, was the cheapest way to transfer money from Canada to the US on 4% of Monito comparisons between June 2020 and 2021.

Canada to US Money Transfers With OFX

Primarily geared toward large transfers (i.e. greater than C$25,000.00), OFX is an excellent foreign exchange broker for transfers from Canada to the US and is highly competitive on more significant transfer comparisons on Monito:

Very Large Bank Transfers From Canada to the US

If you'd like to send a substantial amount of money from the US to a bank account to an American one (i.e. more than C$50,000.00), your best bet will be to use a foreign exchange broker. These services are similar to ordinary money transfer and remittance services. The main difference is that they're specialised in large transfers and can negotiate favorable exchange rates on your behalf.

According to search data on Monito's comparison engine between June 2020 and 2021, OFX was the best way to send money from Canada to the US for large amounts, offering the cheapest transfers on 41% of all searches above C$50,000.00 during that period. OFX was followed by Currencies Direct, which were both cheapest on 27% of comparisons for large transfers.

What's The Best Way to Transfer Money From Canada to the US?

There are three main ways in which you could be overpaying when you’re sending money from Canada to the US, each associated with the three main types of costs involved:

Fixed fees: The fee to convert and transfer money from Canada to the US, which goes as high as US$45.00 per transfer with major US banks;
Commission: This is a percentage you pay in fees on the total amount you transfer, meaning that the less you send, the less you pay. These percentage fees can range from under 0.50% to 2.00%.
Exchange rate margin: The percentage difference between the mid-market exchange rate (the rate at which banks exchange currency) and the commercial exchange rate (the rate consumers pay.)

The Cheapest Ways To Send Money From Canada to the US

With fixed fees, commissions, and exchange rate margins factored into the equation, take a look at which money transfer services were cheapest on Monito's comparison engine between June 2020 and 2021 for sending money from Canada to the US for different types of transfers:

Service	% Cheapest	Time	Pay-In Method(s)	Pay-Out Method(s)
Wise	75%	3-5 days	Bank transfer, direct bank payment, debit/credit card	Bank deposit	Go To Wise
WorldRemit	16%	2 days	Direct bank payment, debit/credit card	Bank deposit	Go To WorldRemit
MoneyGram	4%	In minutes	Direct bank payment, debit/credit card	Bank deposit, cash pick-up	Go To MoneyGram
OFX	3%	2 days	Bank transfer	Bank deposit	Go To OFX
Currencies Direct	2%	2 days	Bank transfer	Bank deposit	Go To Currencies Direct

Service	% Cheapest	Time	Pay-In Method(s)	Pay-Out Method(s)
Wise	90%	3-5 days	Bank transfer, direct bank payment, debit/credit card	Bank deposit	Go To Wise
OFX	7%	2 days	Bank transfer	Bank deposit	Go To OFX
Currencies Direct	2%	2 days	Bank transfer	Bank deposit	Go To Currencies Direct
World First	1%	2 days	Bank transfer, debit/credit card	Bank deposit	Go To World First

Service	% Cheapest	Time	Pay-In Method(s)	Pay-Out Method(s)
OFX	41%	2 days	Bank transfer	Bank deposit	Go To OFX
Currencies Direct	27%	2 days	Bank transfer	Bank deposit	Go To Currencies Direct
CurrencyFair	17%	2 days	Bank transfer	Bank deposit	Go To CurrencyFair
Halo Financial	6%	3-5 days	Bank transfer	Bank deposit	Go To Halo Financial
Wise	6%	2 days	Bank transfer	Bank deposit	Go To Wise

Looking To Save on Every Transfer?

There's probably a fair chance that you're looking to save money on your transfers from Canada to the US no matter the amount you send or the receiving method. If this sounds like you, then we recommend that you make a point of checking our comparison engine before every transfer. That way, you'll ensure that you both discover the cheapest service in real-time and make considerable savings on your transfers to the US:

The Cheapest Way to Send Money From Canada to the US

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically very expensive options when you factor in all fees including hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

Pay-in options: Credit card, bank transfer, cash payment, etc.
Amount transferred from Canada to the US: The cheapest operator will not necessarily be the same for a transfer of $500 and a transfer of $5,000.
Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to the US. You should check out Monito’s live comparison tool with dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to the US From Canada

It comes as no surprise that the speed of your transfer depends on the method you choose to send your money from the US to Canada.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day.

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found in our guide.

FAQ About How To Send Money From Canada to Us

What's the best way to transfer money to the US from Canada? 💸
Here are the best ways to send money to the US from Canada depending on your needs:
- Wise and CurrencyFair are the cheapest ways to send money to a US bank account;
- The best-rated services on Monito for sending money to the US from Canada are Wise, Skrill, and WorldRemit.
- The fastest service to send money to the USA from Canada is Skrill, enabling same-day transfers to a US bank account if paid with a Canadian debit or credit card;
- Scotiabank and Paypal are the most expensive way to send money from Canada to the US.
Run a search on Monito's real-time comparison engine to find the best deal with just a few simple clicks.
What's the cheapest way to send money from Canada to the US? 💰

A good rule of thumb is to avoid using your bank to send money from Canada to the US. Banks offer unfavourable conditions for the transaction by charging high fees and hidden exchange rate charges. To find the cheapest way to send money from Canada to the US, compare CAD to USD exchange rates and money transfer fees in real-time using Monito's real-time comparison engine.
How to send money from Canada to the US bank account at the best rate? 🏦
Banks offer convenient transfer solutions to the United States, but this convenience will cost you a large sum of money. Here are some examples of international bank transfer fees from a Canadian Bank Account to the US:
- Fees to send money to the US with Scotiabank: C$1.99 fees + 3% mark-up on exchange rate means that you'll pay C$32.79 for a C$1,000 transfer to a US Bank Account
- Fees to send money to the US with RBC: C$6 fees + 2.7% mark-up on exchange rate means that you'll pay C$27.29 for a C$1,000 transfer to a US Bank Account
- Fees to send money to the US with CIBC: C$30 fees + 6.4% mark-up on exchange rate means that you'll pay C$64.70 for a C$1,000 transfer to a US Bank Account
With Monito, you can find money transfer services that offer cheaper and faster transfers from Canada to the US. Here's how to send money from Canada to the United States with a money transfer specialist:
1. Use Monito's real-time comparison engine to find the best transfer from Canada to the US;
2. Open an account online or log in if you already have an account;
3. Set up your transfer and provide the beneficiary's bank details;
4. Fund your transfer in Canadian dollars by wire transfer or by debit or credit card payment;
5. Send your money on its way from Canada to the US;
6. The money transfer specialist will use their local bank account in the US to deposit money on the beneficiary's bank account, thereby bypassing the international banking fees.
Can I send money from Canada to the US using Google Pay? 📱

Yes, you'll be able to send money from Canada to the US using Google Pay either through Wise (which offers some of the best exchange rates to US bank accounts) or Western Union (which offers cash pay-out methods and a large number of other payment options.) To get the job done, simply login to Google Pay, make an ordinary transaction to a beneficiary in the US, and select either Wise or Western Union when prompted.

Best Rated Providers to Send Money from Canada to the USA

9.5

9.1

9.1

9.0

8.7

8.5

8.5

8.4

8.3

8.3

8.1

8.0

See Monito's In-Depth Money Transfer Guides

Best Ways To Send Money Internationally

August 25, 2023 - 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

August 25, 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 the USA?

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 the USA, 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 the USA.

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.

Learn more about Monito

Monito is Trusted by 15+ Millions Users across the globe.
Monito's experts spend hours researching and testing services
Affiliate commissions we may receive never impact our independence

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.

Find the best ways to send money to the USA from Canada

Top Providers For transfers from Canada to the USA

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 the USA

Monito's Recommendations for Sending Money from Canada to the USA

Best Ways to Send Money from Canada to the USA

About Money Transfers from Canada to the USA

How To Send Money From Canada to the US

1 — How to Transfer Money From Canada to a US Bank Account

2 — Bank Transfers From Canada to the US

How To Send Money From Canada to the US

Transfer Money From Canada to a US Bank

Canada to US Money Transfers With Wise

Canada to US Money Transfers With WorldRemit

Canada to US Money Transfers With OFX

Very Large Bank Transfers From Canada to the US

What's The Best Way to Transfer Money From Canada to the US?

The Cheapest Ways To Send Money From Canada to the US

Looking To Save on Every Transfer?

The Cheapest Way to Send Money From Canada to the US

Fastest Way To Send Money to the US From Canada

FAQ About How To Send Money From Canada to Us

Best Rated Providers to Send Money from Canada to the USA

See Monito's In-Depth Money Transfer Guides

Everyone wins, except expensive solutions

Questions you may have

Why Trust Monito?

Mid-market exchange rate