How to send money to Cameroon from Canada with the best CAD-XAF rate

Remitly is the cheapest way to send money from Canada to Cameroon based on the 7 companies we analyzed, giving your recipient 420,280 XAF from CA$1,000.

Best companies for CAD/XAF transfers

7 of 7 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/XAF transfers

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WorldRemit

Pay via Debit Card
Fees: $0.99 1 CAD = 411.0426 XAF +2.05% vs mid-market Recipient gets FCFA 410,635.68 Next Day
Receive to bank account or cash pickup

Ways to receive money in Cameroon with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyNext Day
$0.991 CAD = 411.0426 XAF
FCFA 410,635.68You pay$1,000.00
Cash pickupNext Day
$4.991 CAD = 400.8924 XAF
FCFA 398,891.92You pay$1,000.00
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Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 420.2800 XAF -0.18% vs mid-market Recipient gets FCFA 420,280.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Cameroon with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 420.2800 XAF
FCFA 420,280.00You pay$1,000.00

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Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 420.2800 XAF -0.18% vs mid-market Recipient gets FCFA 420,280.00 Within a week
Cheapest
Receive to bank account or cash pickup

Ways to receive money in Cameroon with Remitly when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 420.2800 XAF
FCFA 420,280.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 420.2800 XAF -0.18% vs mid-market Recipient gets FCFA 420,280.00 Within a week
Receive to bank account or cash pickup

Ways to receive money in Cameroon with Remitly when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 420.2800 XAF
FCFA 420,280.00You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 419.0000 XAF +0.13% vs mid-market Recipient gets FCFA 419,000.00 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Cameroon with Remitly when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 419.0000 XAF
FCFA 419,000.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $0.00 1 CAD = 419.0000 XAF +0.13% vs mid-market Recipient gets FCFA 419,000.00 Within minutes
Receive to bank account or cash pickup

Ways to receive money in Cameroon with Remitly when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 419.0000 XAF
FCFA 419,000.00You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $1.89 1 CAD = 411.4238 XAF +1.95% vs mid-market Recipient gets FCFA 411,423.80 6-12 Hours

Ways to receive money in Cameroon with MoneyGram when paying by debit card.

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.891 CAD = 411.4238 XAF
FCFA 411,423.80You pay$1,001.89
Cash pickup6-12 Hours
$3.891 CAD = 411.4238 XAF
FCFA 411,423.80You pay$1,003.89
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $1.89 1 CAD = 411.4238 XAF +1.95% vs mid-market Recipient gets FCFA 411,423.80 6-12 Hours

Ways to receive money in Cameroon with MoneyGram when paying by credit card.

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.891 CAD = 411.4238 XAF
FCFA 411,423.80You pay$1,001.89
Cash pickup6-12 Hours
$3.891 CAD = 411.4238 XAF
FCFA 411,423.80You pay$1,003.89
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $1.89 1 CAD = 411.4238 XAF +1.95% vs mid-market Recipient gets FCFA 411,423.80 6-12 Hours

Ways to receive money in Cameroon with MoneyGram when paying by cash deposit.

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.891 CAD = 411.4238 XAF
FCFA 411,423.80You pay$1,001.89
Cash pickup6-12 Hours
$3.891 CAD = 411.4238 XAF
FCFA 411,423.80You pay$1,003.89

Remitbee

Pay via Debit Card
Fees: $0.00 1 CAD = 411.3027 XAF +1.98% vs mid-market Recipient gets FCFA 411,302.70 Next Day
0 reviews

Ways to receive money in Cameroon with Remitbee when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 411.3027 XAF
FCFA 411,302.70You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 411.3027 XAF +1.98% vs mid-market Recipient gets FCFA 411,302.70 Next Day
0 reviews

Ways to receive money in Cameroon with Remitbee when paying by interac.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 411.3027 XAF
FCFA 411,302.70You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 411.3027 XAF +1.98% vs mid-market Recipient gets FCFA 411,302.70 Next Day
0 reviews

Ways to receive money in Cameroon with Remitbee when paying by bill payment.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 411.3027 XAF
FCFA 411,302.70You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 411.3027 XAF +1.98% vs mid-market Recipient gets FCFA 411,302.70 Next Day
0 reviews

Ways to receive money in Cameroon with Remitbee when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 411.3027 XAF
FCFA 411,302.70You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 411.2000 XAF +2.01% vs mid-market Recipient gets FCFA 411,200.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Cameroon with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 411.2000 XAF
FCFA 411,200.00You pay$1,000.00
Mobile moneyMinutesAvailable via:MTN, Orange
Free1 CAD = 411.2000 XAF
FCFA 411,200.00You pay$1,000.00
Only available via Mobile App

WorldRemit

Pay via Debit Card
Fees: $0.99 1 CAD = 411.0426 XAF +2.05% vs mid-market Recipient gets FCFA 410,635.68 Next Day
Recommended
Receive to bank account or cash pickup

Ways to receive money in Cameroon with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyNext Day
$0.991 CAD = 411.0426 XAF
FCFA 410,635.68You pay$1,000.00
Cash pickupNext Day
$4.991 CAD = 400.8924 XAF
FCFA 398,891.92You pay$1,000.00
Only available via Mobile App

Sendwave

Pay via Debit Card
Fees: $0.99 1 CAD = 411.0426 XAF +2.05% vs mid-market Recipient gets FCFA 410,635.68 2 Days
Receive to bank account or cash pickup

Ways to receive money in Cameroon with Sendwave when paying by debit card.

MethodFee & ratesRecipient gets
Mobile money2 Days
$0.991 CAD = 411.0426 XAF
FCFA 410,635.68You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 407.2194 XAF +2.98% vs mid-market Recipient gets FCFA 407,219.44 6-12 Hours

Ways to receive money in Cameroon with Paysend when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 407.2194 XAF
FCFA 407,219.44You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 407.2194 XAF +2.98% vs mid-market Recipient gets FCFA 407,219.44 6-12 Hours

Ways to receive money in Cameroon with Paysend when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 407.2194 XAF
FCFA 407,219.44You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 419.5418 XAF Updates every 60 minutes.

How to send money from Canada to Cameroon

Pick a company

Start with the cheapest, which is Remitly at 420,280 XAF on CA$1,000.

Remitly was the cheapest on 26 of the 29 days it quoted CA$1,000 transfers to Cameroon.

More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.

Fund your transfer

You have 6 ways to pay, including debit card, credit card, bank transfer, interac, cash deposit, and bill payment.

Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.

Verify and send

First time round you'll need a photo ID, and often where the money came from.

Your first transfer will be slower than the ones after it because of those checks, so send it a few days before it's needed.

Compare amounts

How much CAD are you sending to Cameroon?

How much CAD you send to Cameroon heavily affects the best ways and the cheapest options. Use the table below to check how the cheapest options change and how much more you'd get by comparing.

Our analysis shows Remitly was the cheapest in 90% of the transfers up to C$1,000 it quoted, and in 79% of all the transfers it quoted.

Cheapest service
$100-1.78%$0.00FCFA 42,727.00with bank transfer to bank deposit+FCFA 1,266.07
$500-1.81%$0.00FCFA 213,650.00with bank transfer to bank deposit+FCFA 6,376.26
$1,000This page-0.18%$0.00FCFA 420,280.00with bank transfer to bank deposit+FCFA 7,470.47
$3,0000.43%$0.00FCFA 1,252,857.30with bank transfer to bank deposit+FCFA 12,243.69
$10,0000.27%$0.00FCFA 4,184,874.81with bank transfer to bank deposit+FCFA 57,344.11
$50,0000.25%$0.00FCFA 20,915,175.76with bank transfer to bank deposit+FCFA 193,795.85

Mid-market rate: 1 CAD = 419.5418 XAF

CAD/XAF Exchange Rate History

Is today a good time to send money from Canada to Cameroon?

The cheapest way to send CAD to XAF can change every day, or stay with the same company all month.

We've compared the mid-market rate with the cheapest option each day (today it's Remitly), across 30 days of comparisons for 1,000 CAD transfers to Cameroon.

XAF received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateFCFA 419,541.80 Remitly FCFA 420,280.00RemitlyFCFA 420,280.00MoneyGramFCFA 411,423.80RemitbeeFCFA 411,302.70

395,000
400,000
405,000
410,000
415,000
420,000
425,000
At the mid-market rateWith the cheapest optionRemitlyMoneyGramRemitbee
Exchange rateFees:Recipient getsDifference
Mid-market rate 406.9138 – FCFA 406,913.82
TapTap Send Cheapest 402.2000 $0.00 FCFA 402,200.00 −FCFA 4,713.82
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 5,725.52
Remitly 401.0600 $0.00 FCFA 401,060.00 −FCFA 5,853.82
MoneyGram 399.0414 $3.89 FCFA 399,041.40 −FCFA 7,872.42
Exchange rateFees:Recipient getsDifference
Mid-market rate 407.2746 – FCFA 407,274.60
TapTap Send Cheapest 402.2000 $0.00 FCFA 402,200.00 −FCFA 5,074.60
Remitly 402.0100 $0.00 FCFA 402,010.00 −FCFA 5,264.60
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 6,086.30
MoneyGram 399.3778 $3.89 FCFA 399,377.80 −FCFA 7,896.80
Exchange rateFees:Recipient getsDifference
Mid-market rate 407.1663 – FCFA 407,166.33
TapTap Send Cheapest 402.2000 $0.00 FCFA 402,200.00 −FCFA 4,966.33
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 5,978.03
Remitly 400.6800 $0.00 FCFA 400,680.00 −FCFA 6,486.33
MoneyGram 399.0609 $3.89 FCFA 399,060.90 −FCFA 8,105.43
Exchange rateFees:Recipient getsDifference
Mid-market rate 409.7709 – FCFA 409,770.90
Remitly Cheapest 404.5400 $0.00 FCFA 404,540.00 −FCFA 5,230.90
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 8,582.60
MoneyGram 399.7838 $3.89 FCFA 399,783.80 −FCFA 9,987.10
Exchange rateFees:Recipient getsDifference
Mid-market rate 408.8769 – FCFA 408,876.94
Remitly Cheapest 403.4900 $0.00 FCFA 403,490.00 −FCFA 5,386.94
MoneyGram 401.3717 $3.89 FCFA 401,371.70 −FCFA 7,505.24
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 7,688.64
Exchange rateFees:Recipient getsDifference
Mid-market rate 408.8482 – FCFA 408,848.25
Remitly Cheapest 403.4900 $0.00 FCFA 403,490.00 −FCFA 5,358.25
MoneyGram 401.3717 $3.89 FCFA 401,371.70 −FCFA 7,476.55
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 7,659.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 411.0333 – FCFA 411,033.33
Remitly Cheapest 403.6900 $0.00 FCFA 403,690.00 −FCFA 7,343.33
MoneyGram 401.3717 $3.89 FCFA 401,371.70 −FCFA 9,661.63
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 9,845.03
Exchange rateFees:Recipient getsDifference
Mid-market rate 409.8780 – FCFA 409,877.96
Remitly Cheapest 403.6900 $0.00 FCFA 403,690.00 −FCFA 6,187.96
MoneyGram 402.6369 $3.89 FCFA 402,636.90 −FCFA 7,241.06
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 8,689.66
Exchange rateFees:Recipient getsDifference
Mid-market rate 410.9047 – FCFA 410,904.75
Remitly Cheapest 404.7300 $0.00 FCFA 404,730.00 −FCFA 6,174.75
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 9,716.45
MoneyGram 400.6930 $1.89 FCFA 400,693.00 −FCFA 10,211.75
Exchange rateFees:Recipient getsDifference
Mid-market rate 410.7050 – FCFA 410,705.01
Remitly Cheapest 404.9500 $0.00 FCFA 404,950.00 −FCFA 5,755.01
MoneyGram 403.6764 $1.89 FCFA 403,676.40 −FCFA 7,028.61
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 9,516.71
Exchange rateFees:Recipient getsDifference
Mid-market rate 411.0214 – FCFA 411,021.43
Remitly Cheapest 405.2100 $0.00 FCFA 405,210.00 −FCFA 5,811.43
MoneyGram 403.0048 $1.89 FCFA 403,004.80 −FCFA 8,016.63
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 9,833.13
Exchange rateFees:Recipient getsDifference
Mid-market rate 410.4912 – FCFA 410,491.24
Remitly Cheapest 404.8500 $0.00 FCFA 404,850.00 −FCFA 5,641.24
MoneyGram 402.7203 $1.89 FCFA 402,720.30 −FCFA 7,770.94
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 9,302.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 410.4912 – FCFA 410,491.24
Remitly Cheapest 404.8500 $0.00 FCFA 404,850.00 −FCFA 5,641.24
MoneyGram 402.7203 $1.89 FCFA 402,720.30 −FCFA 7,770.94
Remitbee 401.1883 $0.00 FCFA 401,188.30 −FCFA 9,302.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 411.0419 – FCFA 411,041.94
Remitly Cheapest 405.0400 $0.00 FCFA 405,040.00 −FCFA 6,001.94
MoneyGram 402.7203 $1.89 FCFA 402,720.30 −FCFA 8,321.64
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 411.3007 – FCFA 411,300.66
Remitly Cheapest 412.4400 $0.00 FCFA 412,440.00 +FCFA 1,139.34
MoneyGram 402.9766 $1.89 FCFA 402,976.60 −FCFA 8,324.06
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 411.9675 – FCFA 411,967.46
Remitly Cheapest 412.8200 $0.00 FCFA 412,820.00 +FCFA 852.54
MoneyGram 403.3138 $1.89 FCFA 403,313.80 −FCFA 8,653.66
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 411.7392 – FCFA 411,739.15
Remitly Cheapest 412.5800 $0.00 FCFA 412,580.00 +FCFA 840.85
MoneyGram 404.0042 $1.89 FCFA 404,004.20 −FCFA 7,734.95
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 412.7300 $0.00 FCFA 412,730.00 –
MoneyGram 403.4935 $1.89 FCFA 403,493.50 –
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 412.3176 – FCFA 412,317.61
TapTap Send Cheapest 405.0000 $0.00 FCFA 405,000.00 −FCFA 7,317.61
Remitly No quote collected this day – – – –
MoneyGram No quote collected this day – – – –
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 413.6100 $0.00 FCFA 413,610.00 –
MoneyGram 403.4105 $1.89 FCFA 403,410.50 –
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 414.6198 – FCFA 414,619.75
Remitly Cheapest 415.2100 $0.00 FCFA 415,210.00 +FCFA 590.25
MoneyGram 403.4105 $1.89 FCFA 403,410.50 −FCFA 11,209.25
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 414.8559 – FCFA 414,855.91
Remitly Cheapest 415.8200 $0.00 FCFA 415,820.00 +FCFA 964.09
MoneyGram 406.8039 $1.89 FCFA 406,803.90 −FCFA 8,052.01
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 415.7099 – FCFA 415,709.89
Remitly Cheapest 416.6300 $0.00 FCFA 416,630.00 +FCFA 920.11
MoneyGram 407.7646 $1.89 FCFA 407,764.60 −FCFA 7,945.29
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 416.1439 – FCFA 416,143.89
Remitly Cheapest 416.8000 $0.00 FCFA 416,800.00 +FCFA 656.11
MoneyGram 407.6193 $1.89 FCFA 407,619.30 −FCFA 8,524.59
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 417.4018 – FCFA 417,401.79
Remitly Cheapest 418.3700 $0.00 FCFA 418,370.00 +FCFA 968.21
MoneyGram 408.6003 $1.89 FCFA 408,600.30 −FCFA 8,801.49
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 418.1776 – FCFA 418,177.63
Remitly Cheapest 418.9000 $0.00 FCFA 418,900.00 +FCFA 722.37
Remitbee 411.3027 $0.00 FCFA 411,302.70 −FCFA 6,874.93
MoneyGram 409.9000 $1.89 FCFA 409,900.00 −FCFA 8,277.63
Exchange rateFees:Recipient getsDifference
Mid-market rate 418.1776 – FCFA 418,177.63
Remitly Cheapest 418.9000 $0.00 FCFA 418,900.00 +FCFA 722.37
Remitbee 411.3027 $0.00 FCFA 411,302.70 −FCFA 6,874.93
MoneyGram 409.9000 $1.89 FCFA 409,900.00 −FCFA 8,277.63
Exchange rateFees:Recipient getsDifference
Mid-market rate 417.3185 – FCFA 417,318.48
Remitly Cheapest 418.0900 $0.00 FCFA 418,090.00 +FCFA 771.52
Remitbee 411.3027 $0.00 FCFA 411,302.70 −FCFA 6,015.78
MoneyGram 409.9000 $1.89 FCFA 409,900.00 −FCFA 7,418.48
Exchange rateFees:Recipient getsDifference
Mid-market rate 419.0834 – FCFA 419,083.43
Remitly Cheapest 419.8500 $0.00 FCFA 419,850.00 +FCFA 766.57
Remitbee 411.3027 $0.00 FCFA 411,302.70 −FCFA 7,780.73
MoneyGram 409.2567 $1.89 FCFA 409,256.70 −FCFA 9,826.73
Exchange rateFees:Recipient getsDifference
Mid-market rate 419.5418 – FCFA 419,541.80
Remitly Cheapest 420.2800 $0.00 FCFA 420,280.00 +FCFA 738.20
MoneyGram 411.4238 $1.89 FCFA 411,423.80 −FCFA 8,118.00
Remitbee 411.3027 $0.00 FCFA 411,302.70 −FCFA 8,239.10

Exchange rateFees:Recipient getsDifference

Each line shows what the recipient gets when you send $1,000, after fees, as quoted by each company. The mid-market line shows what $1,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.

The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.

When the blue line goes above the dashed one, you're getting more XAF per CAD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 13 of the last 30 days.

Right now, Remitly pays 420,280 XAF on 1,000 CAD, which is 738.2 XAF more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout is the highest in the past month.

If you need to send money now, it's a good time to send.

Cheapest over time

Picking the cheapest money transfer company

Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Cameroon.

We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.

  1. RemitlyAppeared in 102 comparisons

    Cheapest in 79% of them

  2. MoneyGramAppeared in 164 comparisons

    Cheapest in 1% of them

  3. RemitbeeAppeared in 100 comparisons

    Cheapest in 1% of them

Based on 180 comparisons across 6 amounts over the last 30 days.

Different companies can come out cheapest depending on the day and the amount you send.

To keep things fair, we only count the comparisons each company appeared in, and only analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).

Today Remitly is the cheapest and gets you the most XAF, and it was also the cheapest in 79% of the 102 comparisons it appeared in over the past month.

It's a good pick for both one-off and regular transfers to Cameroon.

MoneyGram (today's second cheapest) was the cheapest in only 1% of its comparisons, so it's rarely the cheapest option for transfers to Cameroon.

Ways to send money from Canada to Cameroon

There are 7 companies sending money to Cameroon, but how you send depends on your needs.

Most common option

In-person transfers

Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.

Bring CA$1,000 in cash to the closest Remitly location, and your recipient picks up 420,280 XAF within minutes.

Our data shows Remitly came out cheapest among in-person options on 93% of days in the past month.

Cash transfers cost more

Cash transfer to Cameroon is usually the most expensive option, compare your options above to get the best deal.

For transfers home

Money transfer apps

An app does the same job as the store for less, and you top it up with an Interac e-Transfer, the same way you'd send money to a friend.

Remitly charges CA$0 in fees and adds -0.18% markup, so your CA$1,000 delivers 420,280 XAF in within a week.

Over the past month, Remitly was the cheapest app on 90% of the days it appeared for CA$1,000 transfers.

You don't need a SIN to sign up either, a passport works.

For one-off transfers

Online transfers

For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.

Of the 7 companies we compared, Remitly is the cheapest online service and currently gets you 420,280 XAF on a CA$1,000 transfer after a CA$0 fee and -0.18% markup.

In our comparisons over the past month, it was the cheapest online service on 27 of the 29 days it quoted.

Funding by bank transfer (EFT) is cheapest but takes 1-2 days to clear, and Interac e-Transfer or debit card is faster but pricier.

For large transfers from Canada

Currency brokers

For property, tuition, moving from Canada, or an inheritance, a broker is the best and usually the cheapest option.

For large transfers (CA$15,000+), brokers like Currencies Direct or RegencyFX charge no fee, but add a margin that gets lower the more you send. Run a live search with your real amount to see it.

If you're sending large amounts, expect more questions about the transfers, so have statements and documents ready to avoid delays.

For businesses paying abroad

Global accounts

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in XAF.

Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.

Ways to fund CAD and receive XAF in Cameroon

With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 420,280 XAF.

Deposit CAD using debit card, credit card, bank transfer, interac, cash deposit, and bill payment.

I suggest using Interac e-Transfer for simplicity

Follow the company's Interac instructions and check the business name before sending.

Do not send to an email address supplied outside the company's app or website.

The recipient can receive XAF through bank deposit, mobile money, cash pickup, and mobile wallet.

For a bank deposit payout, you will need the recipient's bank details in Cameroon.

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    FCFA420,280

    Cheapest

  2. 2
    Interac Bank deposit

    You pay CA$1,000.00

    FCFA420,280

    FCFA0

  3. 3
    debit card Bank deposit

    You pay CA$1,000.00

    FCFA419,000

    -FCFA1,280

  4. 4
    credit card Bank deposit

    You pay CA$1,000.00

    FCFA419,000

    -FCFA1,280

  5. 5
    debit card Mobile wallet

    You pay CA$1,001.89

    FCFA411,424

    -FCFA8,856

Show moreShow less
  1. 6
    debit card Cash pickup

    You pay CA$1,003.89

    FCFA411,424

    -FCFA8,856

  2. 7
    credit card Mobile wallet

    You pay CA$1,001.89

    FCFA411,424

    -FCFA8,856

  3. 8
    credit card Cash pickup

    You pay CA$1,003.89

    FCFA411,424

    -FCFA8,856

  4. 9
    Cash deposit Mobile wallet

    You pay CA$1,001.89

    FCFA411,424

    -FCFA8,856

  5. 10
    Cash deposit Cash pickup

    You pay CA$1,003.89

    FCFA411,424

    -FCFA8,856

  6. 11
    Bill payment Bank deposit

    You pay CA$1,000.00

    FCFA411,303

    -FCFA8,977

  7. 12
    debit card Mobile money

    You pay CA$1,000.00

    FCFA411,200

    -FCFA9,080

Consider this when sending CAD to Cameroon

Interac can fund an international transfer, but it does not send money abroad by itself. You should also know what happens when a transfer reaches the FINTRAC reporting threshold.

Compare CAD/XAF transfer options

For a CA$1,000 transfer to Cameroon, these are the cheapest, fastest and easiest options available now.

Best way to send money to Cameroon

Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 420,280 XAF, which is 2.11% more than the next best option.

Fastest way to send money to Cameroon

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 411,200 XAF in minutes.

Interac only works inside Canada

An Interac e-Transfer cannot go directly to a recipient in Cameroon.

When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.

C$10,000 reporting threshold

There is no C$10,000 legal cap on electronic transfers from Canada.

A reporting entity must report an international electronic funds transfer of C$10,000 or more to FINTRAC, including linked transfers that meet the 24-hour rule.

The bank or transfer company makes that report, you do not file it yourself.

But you may be asked for proof of where the money came from.

Sending your own cash or making a genuine cash gift does not create a Canadian gift tax simply because the money goes abroad.

Tax can become relevant when you transfer an appreciated asset rather than cash, or when attribution rules apply.

CDIC protection

Money held with a payment company is not covered by CDIC in the same way as an eligible bank deposit.

Payment companies covered by the Retail Payment Activities Act must safeguard end-user funds, but the Bank of Canada does not resolve individual fee or payment disputes.

If you’re unsure about the company, you can check the company in the FINTRAC MSB Registry.

If you live in Quebec, also confirm that it is allowed to provide money services there.

How we analyse the market

Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.

That covers 7 FINTRAC-registered companies sending CAD to Cameroon, updated in real time during a live search, compared on rates, fees and how your recipient can collect.

In the past 30 days alone, we analyzed 180 comparisons across 6 amounts.

This page covers the cheapest and fastest options for CAD/XAF transfers. This is how we pick them:

  • Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.

  • Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.

Each goes through our review. More on who we are, why you can trust us and getting started.

Any tax information is for general guidance only and does not constitute tax advice. Speak to a qualified tax adviser about your circumstances.