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

RemitlyWisePayPalWorldRemitWestern Union
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Top Providers For transfers from the USA to Canada

Based on 15,647 comparisons made by Monito users in the past 3 months.

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Best for Transfers to a Bank Account

Best of 13 providers. Compare all

Best for Transfers to Cash Pickup

  • Top provider
    Remitly Monito Score 9.1

    Cheapest

    in 100% of all comparisons

    Top rated

    in 100% of all comparisons

    Fastest

    in 100% of all comparisons

    Go to Remitly 

Best of 2 providers. Compare all

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Compare 12 providers for a 1,000 USD transfer from the USA to Canada

Results updated 3 days ago.

For the most up-to-date and accurate results, start a new search

  • Sponsored
    XE Money Transfer
    8.5
    Popular with Monito users
    Includes preferential exchange rate for new customers

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 1.3341

    1.29% worse than mid‑market rate

    1,334 CAD

    1,324 CAD

Compare 9 providers

Sorted by amount received

  • Best deal
    Remitly
    9.1
    Money-back guarantee
    Includes preferential fee and/or exchange rate on your first transfer

    Same day

    Recipient gets

    Fee Free

    Exchange rate 1.3446

    0.51% worse than mid‑market rate

    1,345 CAD

    1,328 CAD

  • Instarem
    8.1

    In minutes

    Recipient gets

    Fee Free

    Exchange rate 1.3440

    0.55% worse than mid‑market rate

    1,344 CAD

  • CurrencyFair
    8.4
    Includes zero transfer fees on your first 10 transfers

    3 to 4 days

    Recipient gets

    Fee Free

    Exchange rate 1.3436

    0.58% worse than mid‑market rate

    1,344 CAD

    1,340 CAD

  • Wise
    9.5

    1 day

    Recipient gets

    Fee 7.37 USD

    Exchange rate 1.3515

    As good as the mid‑market rate

    1,342 CAD

  • XE Money Transfer
    8.5
    Popular with Monito users
    Includes preferential exchange rate for new customers

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 1.3341

    1.29% worse than mid‑market rate

    1,334 CAD

    1,324 CAD

  • WorldRemit
    8.0
    Over 4 million users
    Includes zero transfer fees on your first 3 transfers with code 3FREE

    1 to 3 days

    Recipient gets

    Fee Free

    Exchange rate 1.3258

    1.9% worse than mid‑market rate

    1,326 CAD

    1,322 CAD

  • Xoom
    6.6

    2 days

    Recipient gets

    Fee Free

    Exchange rate 1.3192

    2.39% worse than mid‑market rate

    1,319 CAD

  • Xendpay
    6.9

    2 days

    Recipient gets

    Fee 28.44 USD

    Exchange rate 1.3496

    0.14% worse than mid‑market rate

    1,311 CAD

  • Bank of America
    ?
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.

    Next day

    Recipient gets

    Fee 14.80 USD

    Exchange rate 1.3131

    2.84% worse than mid‑market rate

    1,294 CAD

    Estimated

    Details

We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.

Want to send money to the USA from Canada instead?

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

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 the USA to Canada:

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Best Ways to Send Money from the USA to Canada

  • The best rated: Wise  (9.5/10)
  • The cheapest: Remitly and OFX
  • The fastest: Remitly
  • The fastest (transfer to a bank account): Instarem
  • The cheapest (transfer to a mobile wallet): Xoom

About Money Transfers from the USA to Canada

Monito compares 13 providers offering international money transfer services from the USA to Canada. The total cost of the cheapest available option at any given point in the past month was -0.4% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 7.8%.

💸 Number of providers

13

🏆 Most often cheapest provider
💰 Average Lowest Total Cost

-0.4%

💰 Highest Total Cost

7.8%

👍 Recommended Providers

CurrencyFair, Remitly, Wise, XE Money Transfer, OFX, Revolut, WorldRemit, Instarem, Xoom, Xendpay, Moneycorp, Halo Financial

⚡ ️Fastest Transfer Time

In minutes

💳 Pay-in Options

Credit card, Bank transfer, Debit card, Direct bank payment, International bank transfer

💵 Pay-out Options

Bank account, Card, Cash pickup, payout.BILL, Cash delivery, Bank account (via international transfer), Airtime top-up, Mobile wallet

💸 Most transferred amount

1000 USD

How To Send Money From the US to Canada

If you want to transfer money from the US to Canada, 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. We go through them both below:

1 — How to Transfer Money From the US to a Canadian Bank Account

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

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 the US to Canada

Using your bank — whether it be Wells Fargo, Bank of America, Citibank, Capital One or any other — is a reliable option for sending money from your bank account to a bank account in Canada. 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.

For example, sending money from the US to Canada with Wells Fargo 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.

3 — Google Pay From the US to Canada

Another option is to use your Google Pay account to make a quick and low-cost USD to CAD transfer via your smartphone. You'll need to complete the transaction through Western Union or Wise. (We recommend using Wise in these cases, as it's almost always the cheaper option for sending money from the US to Canada.)

How To Send Money From the US to Canada

When considering how to send money from the US to Canada, you'll have a lot of options at your disposal. However, while it seems overwhelming, it's all in all remarkably easy to transfer money from the US to Canada, and the process will generally involve making a bank transfer, card payment, or another form of mobile payment.

How to Transfer Money to a Canadian Bank Account

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

On the one hand, you can make an international wire transfer to send money from the US to Canada, which can be done from your American bank account to your (or your recipient's) Canadian one. Wire transfers from the US to Canada are the preferred method of most big-name US banks and tend to be very slow and pricey. Find out more about how to make a wire transfer from the US in our in-depth guide here. (Bear in mind that while it's possible to send money from a Canadian bank to the US via Interac's partnership with Mastercard and Western Union, the service is only available to Canadian bank account holders, and therefore it's not possible to send an Interac e-Transfer from the US to Canada.)

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 the US to Canada, these specialist services are significantly faster and equally as 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, all of which add 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 the US to Canada money transfers between June 2020 and 2021, the best way to transfer money from the US to Canada is usually one of the following specialist services:

US to Canada 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 Canada on 65% of Monito comparisons between June 2020 and 2021.

US to Canada Money Transfers With Instarem

Instarem offers fast and well-priced bank-to-bank money transfers from the USA to Canada and was the cheapest way to send money to Canada on 22% of Monito comparisons for the corridor between June of 2020 and 2021.

US to Canada 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 the US to Canada on 4% of Monito comparisons between June 2020 and 2021.

Very Large Bank Transfers From the USA to Canada

If you'd like to send a substantial amount of money from the US to a bank account to a Canadian one (i.e. more than $50,000), 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 specialise 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 by far the best way to send money from the USA to Canada for large amounts, offering the cheapest transfers on 55% of all searches above $50,000 during that period. OFX was followed by Halo Financial and Wise, which were both the cheapest on 19% of comparisons for large transfers, respectively.

Can You Venmo to Canada?

No, using Venmo to send money to somebody in Canada won't be possible. This is because Venmo is solely a US service and is not supported in Canada. Find out more in our money transfer guide here.

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

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

  • Fixed fees: The fee to convert and transfer money from the USA to Canada, which goes as high as $45 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 0.5% to two 2% or more.
  • 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 at which consumers pay.)

The Cheapest Ways To Send Money to Canada

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 the US to Canada for different types of transfers:

Service

% Cheapest

Time

Pay-In Method(s)

Pay-Out Method(s)

Wise

76%

2 days

Bank transfer, direct bank payment, debit/credit card

Bank deposit

Go To Wise

Instarem

16%

2 days

Bank transfer, direct bank payment

Bank deposit

Go To Instarem

Xoom

3%

2 days

Bank transfer, direct bank payment, debit/credit card

Bank deposit, cash pick-up

Go To Xoom

WorldRemit

2%

2 days

Direct bank payment, debit/credit card

Bank deposit

Go To WorldRemit

MoneyGram

1%

In minutes

Direct bank payment, debit/credit card

Bank deposit, cash pick-up

Go To MoneyGram

Looking To Save on Every Transfer?

There's probably a fair chance you're looking to save money on your transfers from the US to Canada, 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 Canada.

The Cheapest Way to Send Money From the US to Canada

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

As 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 the US to Canada: 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 Canada. 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 Canada From the US

It is no surprise that your transfer speed 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 compare the exchange rate to check that you're not getting a poor deal. More information about the quickest way to send money abroad can be found in our guide.

FAQ About How To Send Money From the US to Canada

Best Rated Providers to Send Money from the USA to Canada

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

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.

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