Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 95.6% of the United States to Canada searches in the last 6 months, and was the top rated company out of 24 that support USD to CAD.
So for a great blend of cost, speed & features, make your the United States to Canada transfer using Wise.
How to compare deals on your United States to Canada transfer
Sending money from United States to Canada considerations
A comparison of providers offering services between the United States and Canada is the easiest way to ensure the best deal.
We've compared 24 providers that offer services for sending US Dollar to Canada.
This ensures you will get the best options for your transfer to Canada from the United States.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from the United States to Canada.
Cheapest way to send money to Canada from the United States: Revolut
Data collected through our comparison over the past six months shows that Revolut is % cheaper than the second-best option.
The cost is made up of an average fee of 0* USD and an exchange rate for buying Canadian Dollar with US Dollar that is 0.09% different to the mid-market rate.
If you want to secure the best rates on a United States to Canada transfer, Revolut offers value. We would still recommend searching for the amount you want to send to Canada.
*The most common fee applied to USD-CAD by Revolut, based on data from the past six months.
Fastest way to send money to Canada from the United States: Paysend
Our comparison shows Paysend is the fastest option for sending US Dollar into Canadian Dollar 50.2% of the time. For urgent USD to CAD money transfers, they’re our recommended choice.
A USD-Canadian Dollar transfer through Paysend comes with an average 0 USD fee.
To ensure Paysend was the 'fastest' option we compared 24 providers. This comparison was for overall speed of sending money from the United States to Canada and is a combination of depositing US Dollar, transfer times to Canada and withdrawal timeframes where applicable.
When speed is a priority, Paysend is the top choice for sending into Canada from the United States.
Sending a large amount of money?
Of the 24 providers compared, Wise is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Wise may not always be the fastest or cheapest way to send money from United States to Canada, it's a great provider for things like buying or selling property.
Sending business payments from the USA to Canada
International businesses sending money from the USA from Canada have a need to manage currency risk, hold local currency and often make batch payments to staff or suppliers.
Airwallex, in particular, offers strong business support between the USA and Canada.
This includes exchange rates of 0.5% and support for transactions in up to 70 currencies.
For a full list of options for sending business payments from the US to Canada, we recommend carrying out a business specific search.
Understanding the costs involved when moving money from United States to Canada
The total cost of money transfers to Canada from the United States, is a combination of exchange rates and fees. Sending with a company that can offer a good competitive rate and low (or no) fees is the best way to get a good deal.
The Mid-Market and Exchange Rates: The current mid-market for USD-CAD is 1.3898 CAD per US Dollar.
Using a transfer company offering an exchange rate closer to this will result in being able to buy more Canadian Dollar for your US Dollars.
On average for the last three months, the USD-CAD mid-market rate has been 1.367 CAD per US Dollar. This hit a high of 1.3879, and a low of 1.3427.
From the 24 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 USD to CAD.
Fees: Some money transfers between the United States and Canada will be subject to fees. OFX has had an average fee of 0 USD per transfer over the last 6 months. Although, you should search for your send amount for actual fees as your scenario may be different.
Amount Received: Money transfer companies will show you the amount of Canadian Dollar eventually received in Canada.
This number should guide you, as a higher amount of money received in Canada means a better overall cost of sending money from the United States.
How to find the best exchange rate for US Dollar to Canadian Dollar
Timing is essential for sending money between USD and CAD. The exchange rate you secure impacts how much CAD you get for your USD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from USD to CAD has seen some fluctuation. On average, it stood at 1.367.
During this period, the highest value recorded was 1.3879, while the lowest was 1.3427.
Wise, which is our recommended service to send money online from United States to Canada offers an exchange rate that is only 0.01% above the mid-market rate.
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United States to Canada money transfer payment methods
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and United States.
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 United States to Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.