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"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 94.9% of Canada to the United States searches in the last 6 months, and was the top rated company out of 20 that support CAD to USD.
So for a great blend of cost, speed & features, make your Canada to the United States transfer using Wise.
How to compare deals on Canada to United States money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Canada to the United States.
- Choose a provider
Select the provider that gives you the best value & service for your needs
- Click, sign up & send
Follow the steps & start your transfer from Canada. Your funds will be converted to US Dollar and transferred to the United States.
Summary of recent searches
Get the most from sending money from Canada to United States
Comparing providers offering services between Canada and the United States based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire CAD-USD market and have compared 20 providers offering services between Canada and the United States.
This ensures you will get the most comprehensive options for sending Canadian Dollar to the United States.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Canada to the United States transfer needs.
Cheapest way to transfer money from Canada to United States: OFX
Data collected over the past six months shows that OFX is % cheaper than the second-best option.
This includes an average transfer fee of 0* CAD an exchange rate for buying US Dollar with Canadian Dollars that is 0.01% different to the mid-market rate.
If you want to secure the best rates on transfers from Canada to United States, OFX will result in the most US Dollar received.
*The most common fee applied to CAD-USD by OFX, based on data from the past six months.
Fastest money transfers to the United States from Canada: PayPal.
Through our comparison, we found PayPal to be the fastest option for sending Canadian Dollar to US Dollar 45.8% of the time. For fast transfers between CAD and USD, PayPal is a great option.
When sending money from Canada to the United States, PayPal has an average fee of 0 CAD. Although we would recommend comparing the amount you want to send.
When testing the fastest options, we compared the 20 money transfer providers offering Canada to the United States transfers for overall speed. This included transfer times to after depositing Canadian Dollar to a money transfer account.
When you want the fastest way to send, PayPal is our recommended choice for Canada to the United States transfers.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 20 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Canada to the United States can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to the United States from Canada.
Understanding the cost of money transfers from Canada to United States
The total cost of sending money to United States from Canada is made up of a combination of mid-market, exchange rates and fees.
The Mid-Market and Exchange Rates: The current mid-market for CAD-USD is 0.7376 USD per Canadian Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more US Dollar for your Canadian Dollars.
Over the last three months, the average CAD-USD mid-market rate has seen each Canadian Dollar worth 0.734 USD. Within this we see a high of 0.7435, and a low of 0.7208.
Of the 20 companies compared, Wise offers the best exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to USD.
Fees: When sending money you may have to pay fees. OFX has had an average fee of 0 CAD per transfer over the last 6 months, the lowest of the 20 providers compared. We would recommend searching to ensure you get the correct fee for your transfer amount.
Amount Received: When comparing providers, the best measure is the amount of US Dollar eventually received in the United States.
This number should be a guide for your decision if cost is important. A higher amount of money received in the United States means a better overall cost of sending money from Canada.
Getting the best exchange rate for Canadian Dollar to US Dollar
Tracking the mid-market rate can make a huge difference when sending money CAD to USD. The exchange rate you secure impacts how much USD you get for your CAD.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from CAD to USD has seen some fluctuation. On average, it has been 0.734.
During this period, the highest value level was 0.7435, with a low of 0.7208.
Wise, which is our recommended service to send money online from Canada to United States offers an exchange rate that is only -0.01% above the mid-market rate.
Want to secure the best CAD-US Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to United States!
Paying for your Canada to United States money transfer
Bank transfers
A bank transfer is often the default option for money transfers from Canada to the United States.
By using a money transfer company such as OFX to send money from Canada to the United States, you can while benefit from lower fees and more favorable exchange rates than a bank would offer.
On average, OFX is the cheapest money transfer provider for bank transfers from the 20 we tested when sending CAD to the United States.
With an average fee of CAD0 to send money from Canada to the United States, OFX offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to the United States with a prepaid or debit card is very easy with Wise.
Wise is a great choice for sending money with a debit card from Canada to the United States. This is from the 20 money transfer companies compared.
Credit cards
When it comes to credit card money transfers from Canada to the United States, Xe emerges as our top choice of the 20 companies offering this service.
Be careful of fees: using a credit card to transfer money internationally often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Canada to United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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