International money transfers from Canada to anywhere in the world are best completed using a money transfer company. There's a couple of options that stand out. Wise is best for regular, smaller transfers and Regency FX (a currency broker) is best suited for larger transfers.
Along with cheap money transfers, Canadian money transfer companies offer a few extra perks like rate alerts and access to currency tools. With some providers it is also possible to get a multi-currency account.
On the whole, if you need to move money from Canada to another country, a money transfer company is the best option.
The best money transfer companies for sending money from Canada
Company | Key features | Rating | Pricing |
|---|---|---|---|
Wise | Comes with a multi-currency account for spending, 96% of transfers on the same day, Supports over 70 currencies | ⭐⭐⭐⭐⭐ | No exchange rate + fees of 0.33% - open an account |
RegencyFX | Currency exchange specialists, Great for large transfers, Regular payments supported | ⭐⭐⭐⭐⭐ | No fees + competitive rates agreed per transfer - get a quote |
Xe | Fast transfers, 24/7 support, App with rate alert and currency tools included | ⭐⭐⭐⭐ | No fees and rates from 0.6% - open an account |
OFX | 24/7 customer support, App for regular payments, Currency risk tools like forward contracts | ⭐⭐⭐⭐ | No fees and rates from 0.5% - open an account |
WorldRemit | Offers access to alternative pick up methods like Airtime, Transfers from Canada are often complete in minutes | ⭐⭐⭐ | No fees and rates from 1.3% - open an account |
Remitly | Offers cash pickup across a lot of Asian markets | ⭐⭐⭐ | No fees and rates from 1.3% - open an account |
Send money from Canada to...
Popular transfers
Send money to the USA from Canada
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All countries and transfer routes around the world are covered in our rate search.
Getting the best deal when sending money out of Canada
You best bet is to use a money transfer company, but there's a few other points to keep in mind:
Track the CAD exchange rate
Tracking the exchange rate will help you understand how a currency is performing against the Canadian dollar. This will change over time, and understanding these moves and how the mid-market rate impacts transfers is a great way to get ahead of sending money.
Avoid using your bank
We've mentioned banks are expensive, here's how popular banks in Canada stack up against our recommended provider, Wise.
Company | Exchange rate | Sending fees | Receiving fees |
|---|---|---|---|
Wise | 0% | 0.35% | 0 CAD |
RBC | 2.7% to 4.4% | 0 CAD | 17 CAD |
TD Bank | 2.31% to 5.14% | 50 CAD | 15 CAD |
Scotia Bank | 3.35% | 1.99 CAD | 15 to 17 CAD |
Bank of Montreal | 2.85% to 3.8% | 15 CAD to 125 CAD / 0.2% | 16 CAD |
CIB | 2.5% to 3.5% | No fees | 30 CAD - 80 CAD |
