Transfer CAD to EUR quickly and easily by comparing the latest exchange rates, and best provider fees, speed and reviews from Canada to Austria.
Best Providers for Sending Money to Austria from Canada
When considering how to send money Austria from Canada there are some key aspects of the transfer that will impact the best provider for your needs.
There are plenty of international money transfer providers for Canada to Austria. The fastest provider is XE. The cheapest provider we found is Wise at 0.67% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using XE when sending CAD - EUR.
This means that by using XE for online money transfers to Austria from Canada, you are likely to save on transfer fees and benefit from fast speeds - so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access XE for any reason, our comparison engine has found Wise and Instarem also to be very good options when sending CAD to EUR.
The cheapest way to send money from Canada to Austria
The cost of transferring money will depend on the value of the transaction and amount of EUR you want the recipient in Austria to receive.
In order to avoid high fees, you should consider the cheapest way to send money from Canada to Austria.
Wise has been determined by our comparison engine to be currently offering you the cheapest rates possible.
The fastest way to send money from Canada to Austria
When sending money from Canada to Austria, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers, particularly if you want to send money instantly. Currently, XE is the fastest way to send CAD - EUR.
What payment methods are available when sending money from Canada to Austria?
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
Sending money to Austria from Canada using credit card
To avoid high fees you can opt to use an online money transfer provider such as XE to pay for your transfer to Austria. Our guide on sending money using a credit card has more information.
Sending money to Austria from Canada using a debit card
With XE you can send money online to Austria using your debit card. But before making a payment, make sure you understand all the processing fees in place. Our guide on sending money using a debit card has more information.
Using a wire transfer to send money from Canada to Austria
Bank and international wire transfers are the most common ways of sending money Austria as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
When sending money to Austria from Canada using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee. If you do decide to make an international transfer using wire transfer, you might be required to use a SWIFT/BIC code when completing your transaction. If you're unsure of what it is, check out our guide on what is a SWIFT code as well as use our SWIFT code calculator to find the right SWIFT/BIC code.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, Wise and Instarem.
Considerations for a CAD to EUR Currency Transfer
Before sending money to Austria from Canada, you should consider the following:
The amount you want to transfer: It is likely that the more money you send to Austria the more value you will get and more EUR the recipient will receive. This is because any flat fee charged ends up as a smaller percentage of your transfer amount, and also because many providers allow you to negotiate a better exchange rate margin if sending large amounts.
The CAD - EUR exchange rate margin: Money transfer providers charge a small percentage on top of the mid-market exchange rates in order to generate revenue. Current mid market rate is 0.676704 and the lowest exchange rate margin is currently offered by XE at 0.67% above the mid market rate.
Hidden fees & charges: Before sending money to Austria, make sure the provider you are using doesn’t charge any hidden fees. Our reviews of the top ranked providers XE, Wise and Instarem will give insight here.
How to send money from Canada to Austria at the best rate?
This one’s easy. Simply use our comparison table above to find the best provider to send CAD to EUR. After that it’s just a process of making your transfer via the following steps:
Click “Visit Site” inside our comparison table
Register for an account if required
Input how much you are willing to send
Fund your transfer
Receive & save an email confirming your transfer
How to receive transfers from CAD to EUR in Austria?
Your recipient has a few methods available to receive your money in Austria. These will vary between providers, but it is possible to find services that will:
Deposit EUR directly into a bank account
Enable the recipient to pick up cash a specific locations across Austria
Deliver money directly to their door
Send EUR to your recipient’s mobile wallet
If your recipient is going to collect or have the money delivered to them in Austria, then they will usually need the following:
A government issued I.D document
The money transfer reference number
Senders details and the amount of money sent
How much money can be transferred from Canada to Austria?
The amount of EUR you can receive from Canada will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of EUR that can be received in Austria or sent from Canada before making your transfer.