Send money worldwide from Canada

Start with the daily bank-transfer comparison below to see which provider delivers the most. Wise is strongest for rate clarity and bank delivery; Remitly is built for cash pickup, mobile wallets and fast family remittances. Confirm the final provider quote before sending.

Daily bank-transfer estimates

Who delivers the most today?

Enter the amount and recipient country. Canooq ranks the returned providers by the estimated amount deposited.

Sending Canadian dollars from Canada to United States in USD.

Sending from
CAD Canada
CAD

Collected on Aug 21, 5:22 p.m. UTC

  1. 1

    Instarem

    Rate
    1 CAD = 0.7229 USD
    Fee
    $0.00
    Delivery
    Not provided
    Recipient gets
    $722.93
    View quote
  2. 2

    Remitly

    Rate
    1 CAD = 0.7224 USD
    Fee
    $0.00
    Delivery
    Not provided
    Recipient gets
    $722.43
    View quote
  3. 3

    Wise

    Rate
    1 CAD = 0.7266 USD
    Fee
    $7.41
    Delivery
    About 3 days
    Recipient gets
    $721.20
    View quote
  4. 4

    Western Union

    Rate
    1 CAD = 0.7178 USD
    Fee
    $0.99
    Delivery
    Not provided
    Recipient gets
    $717.08
    View quote
  5. 5

    Royal Bank of Canada

    Rate
    1 CAD = 0.7108 USD
    Fee
    $0.00
    Delivery
    Not provided
    Recipient gets
    $710.76
    View quote

Updated daily by Canooq using Wise comparison data.

Canooq may earn a commission from Wise, Remitly, or Instarem links. This does not affect the ranking.

How Canooq calculates the winner

The winner is the fresh estimate with the highest bank-deposit amount after the displayed fee and exchange-rate markup. It is not a judgment about speed or the best provider for every person.

These are bank-funded, bank-deposit estimates. Public prices may include introductory offers. Card funding, cash pickup, mobile-wallet delivery and the final signed-in quote can differ.

Wise owns the comparison source and does not include every provider. Read the Wise comparison methodology.

Wise, Remitly and Instarem solve different transfer jobs

The daily comparison above decides the price winner. Quote Wise, Remitly and Instarem against the same amount and destination, then confirm the provider terms before sending.

Wise logo

Wise

Free transfer up to CAD 800 for new users

Wise is the first quote to get for a bank-to-bank transfer. It converts at the live mid-market rate, lists its fee as a separate charge, and shows the recipient amount and arrival estimate before you pay.

Choose Wise when the recipient has a bank account, you want a clean rate comparison, or you need to move and hold more than one currency.

  • Live mid-market exchange rate with a visible transfer fee
  • Bank-account delivery with a quoted arrival time
  • Multi-currency account for holding, receiving and converting money
  • Volume discounts on eligible monthly transfers from CAD 35,000

Funding: Wise balance, direct debit, bank transfer, online bill payment, Interac e-Transfer, debit card or credit card, subject to the route and amount.

View quote
Remitly logo

Remitly

No fees + a special rate on an eligible first transfer

Remitly is built for family remittances and recipient choice. It can send to a bank account, cash pickup point, mobile wallet or eligible debit card, with the available fee, rate and delivery speed shown in the quote.

Choose Remitly when the recipient needs cash pickup, a mobile wallet, a card deposit, or a route with Express and Economy delivery choices.

  • Bank deposit, cash pickup, mobile wallet and other local delivery methods
  • Express and Economy choices on supported routes
  • Transfer tracking from payment through delivery
  • On-time promise with a fee refund when an eligible transfer arrives late

Funding: Bank account, Interac e-Transfer, debit card or credit card, based on the sending route and the options shown in your quote.

View quote
Instarem logo

Instarem

Review the current quote and first-transaction terms

Instarem is a payment-related service from NIUM. Open its current quote and provider terms to review the service, fees and first-transaction requirements for your destination before you send.

Choose Instarem when its current quote and terms fit your destination, delivery needs and first-transaction requirements.

  • Review the current fee, exchange rate and delivery details for your route
  • Start from Canooq and continue through the approved Partnerize tracking link
  • Instarem sets customer acceptance and first-transaction eligibility
  • Provider terms control the service, eligibility and final quote

Funding: Check Instarem's live quote and provider terms for the payment methods, fees and delivery details available on your route.

Check Instarem

These are referral links. They cost you nothing extra and can include the offers shown above. Wise, Remitly and Instarem set eligibility, route, rate, fee and promotion limits in the quote and terms you receive.

Build the transfer around how your recipient gets paid

You fund the transfer

  • Bank account or Interac
  • Debit or credit card
  • Cash at an agent
  • Existing currency balance
Convert + deliver

Your recipient receives

  • Bank deposit
  • Cash pickup
  • Mobile wallet
  • Debit card deposit

Every practical way to send money abroad

Choose the route from the recipient backwards. A bank account points you toward a specialist transfer or wire. A recipient who uses cash or a mobile wallet needs a remittance network with that local payout option.

Ways to transfer money internationally from Canada
Transfer routeBest forHow the recipient gets paidWhere the cost appearsCanooq take
Bank-to-bank transfer serviceThe recipient has a bank account and you want a competitive total costDirect deposit in the account's local currencyA visible fee plus an exchange-rate markup, which may be zero when the provider uses the mid-market rateBest starting point for routine transfers and larger amounts; bank funding tends to cost less than card funding
Remittance appYou send family support or the recipient needs more than bank depositBank deposit, cash pickup, mobile wallet, debit card deposit or home delivery where offeredFee and exchange rate vary by country, payment method, delivery choice and speedStrong recipient access; compare Express against Economy and check the amount available for collection
International bank wireA school, lawyer, business or property transaction asks for SWIFT detailsDeposit to a named bank accountSender fee, bank exchange-rate spread, correspondent-bank charge and possible receiving feeUseful for formal or high-value payments; ask whether charges use OUR, SHA or BEN before sending
Cash transfer counterThe recipient needs notes in hand and has access to an agent locationCash pickup with government-issued identificationTransfer fee plus the provider's exchange rate; the pickup point or destination can add a collection chargeFast access without a bank account; confirm the pickup address, hours, currency and name format
Multi-currency accountYou earn, hold or spend in several currencies, or both parties use the same platformLocal bank details, same-platform balance or a bank transferConversion fee only when you exchange; same-currency transfers on one platform may cost lessUseful for repeat transfers and timing a conversion; check withdrawal, card and SWIFT receiving fees
Paper or digital alternativeThe payee asks for a draft, cheque or money order, or the recipient can use a prepaid card or digital assetMail, courier, card credit or a wallet addressPurchase, delivery, cash-out and conversion charges depend on the instrumentPaper takes more time and can be hard to replace; prepaid cards can add usage fees; crypto transfers are irreversible

Your funding method controls price and speed

The same provider can return a different fee and arrival time after you switch from bank funding to a card. Compare every available payment method inside the quote before you confirm.

Ways to fund an international money transfer
Funding methodAdvantageCost or timing effectBest use
Bank account, bill payment or InteracOften the lowest-cost funding choiceBank processing and daily limits can add timeUse this for a planned transfer when the quote shows a better recipient amount
Debit cardThe provider can receive funds fasterProcessing fees can reduce the amount deliveredUse it when speed earns back the added cost
Credit cardFast to fund when the provider accepts the cardThe provider may charge more and the issuer may treat it as a credit-card cash advance with interest from day oneCheck the issuer's cash-advance treatment before confirming
Cash, cheque or money orderWorks through an in-person agent that accepts itTravel, agent, instrument and delivery costs can add upGet a receipt and transaction number before leaving the counter

Calculate the full cost of a transfer

Add four charges. The provider may show some in the quote while a bank, card issuer or pickup agent adds the rest.

All-in transfer cost

transfer fee + exchange-rate markup + funding charge + intermediary or receiving fee

Use a live mid-market rate as the benchmark. Then compare the exact amount marked recipient gets for the same send amount and destination currency.

1. Transfer fee

The service charges a flat amount, a percentage or a mix of both. First-transfer offers can remove this line without removing the rate difference.

2. Exchange-rate markup

Compare the provider's rate with a live mid-market reference. A 2% exchange-rate markup costs CAD 20 on each CAD 1,000 converted.

3. Funding charge

Bank funding often costs less. Debit and credit cards can add provider charges, while a card issuer can add cash-advance fees and interest.

4. Intermediary or receiving fee

A SWIFT correspondent, destination bank, cash agent or card can deduct money after the sender pays. Ask for the final collectible amount.

A zero-fee quote can lose

Compare the dollars delivered

This simplified CAD 1,000 example converts the amount after the fee. The rates are examples, not live market quotes.

QuoteRateRecipient gets
A: CAD 0 fee1 CAD = 0.6800 USDUSD 680.00
B: CAD 8 fee1 CAD = 0.6980 USDUSD 692.42

Quote B delivers USD 12.42 more even though Quote A advertises no fee.

Before you send: 8 checks

Run these checks on the first transfer to a recipient and repeat the live quote on any amount you would hate to lose or delay.

  1. 1

    Pick the receiving method first

    Bank deposit tends to deliver the most money. Choose cash pickup, mobile wallet or card deposit when that access matters more to the recipient.

  2. 2

    Confirm every recipient detail

    Match the recipient's legal name to the bank account, wallet or identification. Confirm the account number, bank code, currency and country.

  3. 3

    Run live quotes side by side

    Open Wise, Remitly and your bank within the same few minutes. Enter the same send amount, destination currency and delivery method.

  4. 4

    Compare the amount delivered

    Use the amount marked recipient gets. It captures the fee and exchange rate better than a zero-fee headline.

  5. 5

    Read the rate lock and arrival estimate

    Check how long the quote holds, when the provider considers it funded, and the date or time promised to the recipient.

  6. 6

    Account for charges at both ends

    Review the payment-method fee, possible card cash advance, receiving-bank fee, cash collection charge and destination tax.

  7. 7

    Verify an unfamiliar provider

    Search the FINTRAC registry for a money services business. Registration confirms legal registration, not a government endorsement.

  8. 8

    Keep the transfer record

    Save the receipt, quote, rate, transaction number and delivery confirmation. For a large transfer, prepare bank statements and proof of salary, sale, inheritance or loan funds.

Canadian reporting, taxes and large transfers

CAD 10,000 reporting

Banks and money services businesses report qualifying international electronic transfers of CAD 10,000 or more to FINTRAC. Linked transfers within 24 hours can count together. Reporting does not add tax to the transfer.

Personal gifts

Canada does not charge a separate transfer tax when you send your own money. CRA says most gifts and inheritances received in Canada are not taxable income. The reason for payment and the destination country can create separate rules.

Proof of funds

Large transfers can trigger identity and source-of-funds checks. Prepare account statements and the sale, inheritance, salary, investment or loan record that explains where the money came from.

International money transfer questions

What is the cheapest way to send money internationally from Canada?

A bank-funded specialist transfer often produces the lowest total cost. The winner changes by amount, currency and destination. Get live quotes from Wise, Remitly and your bank, then compare the amount the recipient gets after all fees. Wise makes a strong first quote for bank deposit because it uses the mid-market rate and shows its fee separately.

Should I use Wise or Remitly?

Use Wise as your first quote for a bank-to-bank transfer, a large conversion or a multi-currency account. Use Remitly when the recipient needs cash pickup, mobile-wallet delivery, an eligible card deposit or a choice between Express and Economy service. Compare both when they support the same route.

Does a zero transfer fee mean the transfer is free?

No. A provider can earn money through the exchange rate even when the transfer fee is zero. Compare the quoted rate with a mid-market reference and focus on the amount the recipient receives. Add payment-method, intermediary and collection fees to get the full cost.

Can I pay for an international transfer with a credit card?

Many services accept credit cards on supported routes. The provider may charge more for card funding, and your card issuer may classify the payment as a cash advance. That can add a fee, a higher interest rate and interest from the transaction date. Check the issuer before you send.

What happens when I send CAD 10,000 or more abroad?

A reporting entity must file an Electronic Funds Transfer Report with FINTRAC for a qualifying international transfer of CAD 10,000 or more. Linked transfers that total CAD 10,000 or more within 24 hours can also trigger reporting. The report adds no tax and does not block a legitimate transfer. The provider can request identification and source-of-funds documents.

Do I pay Canadian tax when I send money to family abroad?

Canada does not add a tax because you transfer your own money. CRA says most gifts and inheritances received in Canada do not count as taxable income. Income, a property sale or another transaction behind the money can have its own tax treatment, and the recipient country can apply local tax or collection rules.

How long does an international money transfer take?

Delivery can range from minutes to several business days. The currency route, funding method, recipient method, verification review, weekends and bank holidays affect the estimate. Express service can cost more than Economy service. Use the arrival time shown in the live quote.

Compare popular routes from Canada

Open a country guide for a locked live comparison and receiving instructions built around that destination’s banks, payment rails, wallets and cash networks.

Sources

Canooq used official provider, regulator and Government of Canada pages. Transfer quotes and promotions can change by minute, amount, payment method and destination, so use the live quote for the final decision.

Manage accounts, taxes and money across borders