How to send money to Cape Verde from Canada with the best CAD-CVE rate

MoneyGram is the cheapest way to send money from Canada to Cape Verde based on the 4 companies we analyzed, giving your recipient 68,490 CVE from CA$1,000.

Best companies for CAD/CVE transfers

4 of 4 providers

Last updated on 10 November 2026

Based on 1,000 CAD transfer

Best companies for CAD/CVE transfers

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Wise

Pay via Bank Transfer
Fees: $49.92 1 CAD = 69.7531 CVE -0.19% vs mid-market Recipient gets CVE 66,271.03 Next week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext weekAvailable via:SWIFT
$49.921 CAD = 69.7531 CVE
CVE 66,271.03You pay$1,000.00
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Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 68.4400 CVE +1.71% vs mid-market Recipient gets CVE 68,440.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 68.4400 CVE
CVE 68,440.00You pay$1,000.00

Run a live search

Showing top Canada to Cape Verde deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $5.99 1 CAD = 68.4900 CVE +1.64% vs mid-market Recipient gets CVE 68,490.00 6-12 Hours
Cheapest

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 68.4900 CVE
CVE 68,490.00You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $5.99 1 CAD = 68.4900 CVE +1.64% vs mid-market Recipient gets CVE 68,490.00 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 68.4900 CVE
CVE 68,490.00You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $5.99 1 CAD = 68.4900 CVE +1.64% vs mid-market Recipient gets CVE 68,490.00 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 68.4900 CVE
CVE 68,490.00You pay$1,005.99

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 68.4400 CVE +1.71% vs mid-market Recipient gets CVE 68,440.00 Within minutes
Fastest
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 68.4400 CVE
CVE 68,440.00You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 68.4400 CVE +1.71% vs mid-market Recipient gets CVE 68,440.00 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 68.4400 CVE
CVE 68,440.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 68.4400 CVE +1.71% vs mid-market Recipient gets CVE 68,440.00 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 68.4400 CVE
CVE 68,440.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 68.4400 CVE +1.71% vs mid-market Recipient gets CVE 68,440.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 68.4400 CVE
CVE 68,440.00You pay$1,020.00

Wise

Pay via Bank Transfer
Fees: $49.92 1 CAD = 69.7531 CVE -0.19% vs mid-market Recipient gets CVE 66,271.03 Next week
Our top pick
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext weekAvailable via:SWIFT
$49.921 CAD = 69.7531 CVE
CVE 66,271.03You pay$1,000.00

Ria Money Transfer

Pay via Debit Card
Fees: $45.00 1 CAD = 69.3219 CVE +0.43% vs mid-market Recipient gets CVE 66,202.41 6-12 Hours

Ways to receive money in Cape Verde with Ria Money Transfer when paying by debit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$45.001 CAD = 69.3219 CVE
CVE 66,202.41You pay$1,000.00
Cash pickup6-12 Hours
$45.001 CAD = 69.3219 CVE
CVE 66,202.41You pay$1,000.00

Wise

Pay via Interac
Fees: $55.39 1 CAD = 69.7531 CVE -0.19% vs mid-market Recipient gets CVE 65,889.48 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by interac.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$55.391 CAD = 69.7531 CVE
CVE 65,889.48You pay$1,000.00

Wise

Pay via Debit Card
Fees: $60.11 1 CAD = 69.7531 CVE -0.19% vs mid-market Recipient gets CVE 65,560.24 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$60.111 CAD = 69.7531 CVE
CVE 65,560.24You pay$1,000.00

Ria Money Transfer

Pay via Credit Card
Fees: $65.00 1 CAD = 69.3219 CVE +0.43% vs mid-market Recipient gets CVE 64,815.98 6-12 Hours

Ways to receive money in Cape Verde with Ria Money Transfer when paying by credit card.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$65.001 CAD = 69.3219 CVE
CVE 64,815.98You pay$1,000.00
Cash pickup6-12 Hours
$65.001 CAD = 69.3219 CVE
CVE 64,815.98You pay$1,000.00

Wise

Pay via Credit Card
Fees: $73.78 1 CAD = 69.7531 CVE -0.19% vs mid-market Recipient gets CVE 64,606.72 Within a week
Receive to bank accountDedicated support for large transfers

Ways to receive money in Cape Verde with Wise when paying by credit card.

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$73.781 CAD = 69.7531 CVE
CVE 64,606.72You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 69.6232 CVE Updates every 60 minutes.

How to send money from Canada to Cape Verde

Pick a company

Start with the cheapest, which is MoneyGram at 68,490 CVE on CA$1,000.

MoneyGram was the cheapest on 3 of the 30 days it quoted CA$1,000 transfers to Cape Verde.

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 5 ways to pay, including debit card, credit card, bank transfer, interac, and cash deposit.

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 Cape Verde?

How much CAD you send to Cape Verde 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 MoneyGram was the cheapest in 11% of the transfers up to CA$1,000 it quoted, and in 8% of all the transfers it quoted.

Cheapest service
$1001.70%$5.49CVE 6,849.00with debit card to cash pickup+CVE 1,329.25
$5001.37%$0.00CVE 34,350.00with debit card to bank deposit+CVE 1,189.28
$1,000This page1.64%$5.99CVE 68,490.00with debit card to cash pickup+CVE 1,368.78
$3,0001.19%$0.00CVE 206,401.80with bank transfer to bank deposit+CVE 3,134.40
$10,0000.27%$0.00CVE 694,312.75with bank transfer to bank deposit+CVE 11,571.91
$50,0000.25%$0.00CVE 3,474,807.66with bank transfer to bank deposit+CVE 37,730.75

Mid-market rate: 1 CAD = 69.6232 CVE

CAD/CVE Exchange Rate History

Is today a good time to send money from Canada to Cape Verde?

The cheapest way to send CAD to CVE 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 MoneyGram), across 30 days of comparisons for 1,000 CAD transfers to Cape Verde.

CVE received for $1,000, after fees

Tue, Nov 10, 2026Mid-market rateCVE 69,623.21 MoneyGram CVE 68,490.00MoneyGramCVE 68,490.00RemitlyCVE 68,440.00WiseCVE 66,271.03

65,000
66,000
67,000
68,000
69,000
70,000
71,000
72,000
At the mid-market rateWith the cheapest optionMoneyGramRemitlyWise
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.0273 – CVE 69,027.28
Remitly Cheapest 67.8000 $0.00 CVE 67,800.00 −CVE 1,227.28
MoneyGram 67.5714 $5.99 CVE 67,571.40 −CVE 1,455.88
Wise 69.2667 $50.09 CVE 65,797.13 −CVE 3,230.15
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.2568 – CVE 69,256.83
Remitly Cheapest 68.0700 $0.00 CVE 68,070.00 −CVE 1,186.83
MoneyGram 67.6920 $5.99 CVE 67,692.00 −CVE 1,564.83
Wise 69.3162 $48.75 CVE 65,937.04 −CVE 3,319.79
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.2620 – CVE 69,262.02
Remitly Cheapest 68.1700 $0.00 CVE 68,170.00 −CVE 1,092.02
MoneyGram 67.7962 $5.99 CVE 67,796.20 −CVE 1,465.82
Wise 69.4235 $50.17 CVE 65,940.52 −CVE 3,321.50
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.2629 – CVE 69,262.95
Remitly Cheapest 68.1100 $0.00 CVE 68,110.00 −CVE 1,152.95
MoneyGram 67.9122 $5.99 CVE 67,912.20 −CVE 1,350.75
Wise 69.4025 $50.26 CVE 65,914.33 −CVE 3,348.62
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.3816 – CVE 69,381.60
Remitly Cheapest 68.1700 $0.00 CVE 68,170.00 −CVE 1,211.60
MoneyGram 67.8264 $5.99 CVE 67,826.40 −CVE 1,555.20
Wise 69.4169 $47.57 CVE 66,114.74 −CVE 3,266.86
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.2830 – CVE 69,283.01
Remitly Cheapest 68.3200 $0.00 CVE 68,320.00 −CVE 963.01
MoneyGram 67.8125 $5.99 CVE 67,812.50 −CVE 1,470.51
Wise 69.5700 $49.76 CVE 66,108.20 −CVE 3,174.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.2830 – CVE 69,283.01
Remitly Cheapest 68.3800 $0.00 CVE 68,380.00 −CVE 903.01
MoneyGram 67.8125 $5.99 CVE 67,812.50 −CVE 1,470.51
Wise 69.5700 $49.76 CVE 66,108.20 −CVE 3,174.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.7037 – CVE 69,703.65
Remitly Cheapest 68.7700 $0.00 CVE 68,770.00 −CVE 933.65
MoneyGram 67.8125 $5.99 CVE 67,812.50 −CVE 1,891.15
Wise 69.8752 $49.54 CVE 66,413.58 −CVE 3,290.07
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.0226 – CVE 70,022.63
Remitly Cheapest 68.8100 $0.00 CVE 68,810.00 −CVE 1,212.63
MoneyGram 68.0370 $5.99 CVE 68,037.00 −CVE 1,985.63
Wise 69.9205 $49.61 CVE 66,451.74 −CVE 3,570.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.8506 – CVE 69,850.64
Remitly Cheapest 68.9800 $0.00 CVE 68,980.00 −CVE 870.64
MoneyGram 68.5444 $5.99 CVE 68,544.40 −CVE 1,306.24
Wise 70.0665 $49.51 CVE 66,597.51 −CVE 3,253.13
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 69.0300 $0.00 CVE 69,030.00 –
MoneyGram 68.5199 $5.99 CVE 68,519.90 –
Wise 70.1312 $48.83 CVE 66,706.69 –
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 69.2300 $0.00 CVE 69,230.00 –
MoneyGram 68.6848 $5.99 CVE 68,684.80 –
Wise 70.3543 $49.58 CVE 66,866.13 –
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.2875 – CVE 70,287.53
Remitly Cheapest 69.3200 $0.00 CVE 69,320.00 −CVE 967.53
MoneyGram 68.7426 $5.99 CVE 68,742.60 −CVE 1,544.93
Wise 70.4702 $47.91 CVE 67,093.97 −CVE 3,193.56
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.2875 – CVE 70,287.53
Remitly Cheapest 69.3600 $0.00 CVE 69,360.00 −CVE 927.53
MoneyGram 68.7426 $5.99 CVE 68,742.60 −CVE 1,544.93
Wise 70.4702 $47.91 CVE 67,093.97 −CVE 3,193.56
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.1414 – CVE 70,141.42
MoneyGram Cheapest 68.7426 $5.99 CVE 68,742.60 −CVE 1,398.82
Wise 70.3412 $49.57 CVE 66,854.39 −CVE 3,287.03
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.4012 – CVE 70,401.19
Remitly Cheapest 69.5300 $0.00 CVE 69,530.00 −CVE 871.19
MoneyGram 68.7952 $5.99 CVE 68,795.20 −CVE 1,605.99
Wise 70.6365 $49.95 CVE 67,108.21 −CVE 3,292.98
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.4886 – CVE 70,488.59
Remitly Cheapest 69.5900 $0.00 CVE 69,590.00 −CVE 898.59
MoneyGram 68.9157 $5.99 CVE 68,915.70 −CVE 1,572.89
Wise 70.7164 $49.88 CVE 67,189.07 −CVE 3,299.52
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.6939 – CVE 70,693.93
Remitly Cheapest 69.8200 $0.00 CVE 69,820.00 −CVE 873.93
MoneyGram 68.8518 $5.99 CVE 68,851.80 −CVE 1,842.13
Wise 70.9410 $49.65 CVE 67,418.78 −CVE 3,275.15
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.9780 – CVE 70,977.99
Remitly Cheapest 69.6700 $0.00 CVE 69,670.00 −CVE 1,307.99
MoneyGram 69.1133 $5.99 CVE 69,113.30 −CVE 1,864.68
Wise 70.7452 $49.55 CVE 67,239.78 −CVE 3,738.21
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.3907 – CVE 70,390.66
Remitly Cheapest 69.8500 $0.00 CVE 69,850.00 −CVE 540.66
MoneyGram 69.1267 $5.99 CVE 69,126.70 −CVE 1,263.96
Wise 70.8858 $50.46 CVE 67,308.90 −CVE 3,081.76
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.3907 – CVE 70,390.66
Remitly Cheapest 69.3600 $0.00 CVE 69,360.00 −CVE 1,030.66
MoneyGram 69.1267 $5.99 CVE 69,126.70 −CVE 1,263.96
Wise 70.8858 $50.46 CVE 67,308.90 −CVE 3,081.76
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.6352 – CVE 70,635.22
Remitly Cheapest 69.1400 $0.00 CVE 69,140.00 −CVE 1,495.22
MoneyGram 69.1267 $5.99 CVE 69,126.70 −CVE 1,508.52
Wise 70.6940 $49.45 CVE 67,198.18 −CVE 3,437.04
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.7656 – CVE 70,765.56
Remitly Cheapest 69.1500 $0.00 CVE 69,150.00 −CVE 1,615.56
MoneyGram 68.6710 $5.99 CVE 68,671.00 −CVE 2,094.56
Wise 70.7267 $49.91 CVE 67,196.73 −CVE 3,568.83
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.2158 – CVE 70,215.82
Remitly Cheapest 68.9100 $0.00 CVE 68,910.00 −CVE 1,305.82
MoneyGram 68.8995 $5.99 CVE 68,899.50 −CVE 1,316.32
Wise 70.4484 $49.63 CVE 66,952.05 −CVE 3,263.77
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.2335 – CVE 70,233.54
Remitly Cheapest 68.9300 $0.00 CVE 68,930.00 −CVE 1,303.54
MoneyGram 68.7003 $5.99 CVE 68,700.30 −CVE 1,533.24
Wise 70.3839 $49.62 CVE 66,891.45 −CVE 3,342.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.0112 – CVE 70,011.24
MoneyGram Cheapest 68.8727 $5.99 CVE 68,872.70 −CVE 1,138.54
Remitly 68.8700 $0.00 CVE 68,870.00 −CVE 1,141.24
Wise 70.3584 $49.78 CVE 66,855.96 −CVE 3,155.28
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.4318 – CVE 70,431.76
Remitly Cheapest 68.7400 $0.00 CVE 68,740.00 −CVE 1,691.76
MoneyGram 68.6907 $5.99 CVE 68,690.70 −CVE 1,741.06
Wise 70.2347 $49.00 CVE 66,793.20 −CVE 3,638.56
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.0712 – CVE 70,071.15
Remitly Cheapest 68.9300 $0.00 CVE 68,930.00 −CVE 1,141.15
MoneyGram 68.6907 $5.99 CVE 68,690.70 −CVE 1,380.45
Wise 70.2347 $49.00 CVE 66,793.20 −CVE 3,277.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 70.1338 – CVE 70,133.81
Remitly Cheapest 68.9100 $0.00 CVE 68,910.00 −CVE 1,223.81
MoneyGram 68.6907 $5.99 CVE 68,690.70 −CVE 1,443.11
Wise 70.2294 $49.73 CVE 66,736.89 −CVE 3,396.92
Exchange rateFees:Recipient getsDifference
Mid-market rate 69.6232 – CVE 69,623.21
MoneyGram Cheapest 68.4900 $5.99 CVE 68,490.00 −CVE 1,133.21
Remitly 68.4400 $0.00 CVE 68,440.00 −CVE 1,183.21
Wise 69.7531 $49.92 CVE 66,271.03 −CVE 3,352.18

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 CVE per CAD than the mid-market rate can offer.

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

No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of CVE on every transfer from Canada.

Right now, MoneyGram pays 68,490 CVE on 1,000 CAD, which is 1,133.21 CVE less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 69,850 CVE.

If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.

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 Cape Verde.

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

  1. MoneyGramAppeared in 173 comparisons

    Cheapest in 8% of them

  2. RemitlyAppeared in 109 comparisons

    Cheapest in 83% of them

  3. WiseAppeared in 171 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 MoneyGram is the cheapest and gets you the most CVE, but it was the cheapest in only 8% of the 173 comparisons it appeared in over the past month.

Remitly (today's second cheapest) was the cheapest in 83% of its comparisons, so if you send money to Cape Verde regularly, it's worth comparing it with MoneyGram before each transfer.

If it's a one-off transfer, go with MoneyGram, since it's the cheapest right now.

Ways to send money from Canada to Cape Verde

There are 4 companies sending money to Cape Verde, 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 MoneyGram location, and your recipient picks up 68,490 CVE within minutes.

Our data shows MoneyGram came out cheapest among in-person options on 10% of days in the past month.

Cash transfers cost more

Cash transfer to Cape Verde 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.

MoneyGram charges CA$5.99 in fees and adds 1.64% markup, so your CA$1,000 delivers 68,490 CVE in 6-12 hours.

Over the past month, MoneyGram was the cheapest app on 10% 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 4 companies we compared, MoneyGram is the cheapest online service and currently gets you 68,490 CVE on a CA$1,000 transfer after a CA$5.99 fee and 1.64% markup.

In our comparisons over the past month, it was the cheapest online service on 3 of the 30 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 CVE.

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

For spending abroad and getting paid

Multi-currency accounts

If part of your life runs in CVE, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Wise lets you hold CAD and CVE, and convert between them at low cost.

For example, converting $1,000 costs $49.92 in fees at -0.19% markup, which gets you 66,271.03 CVE.

Over the past month, it came out cheapest among multi-currency accounts on 100% of days.

Ways to fund CAD and receive CVE in Cape Verde

With MoneyGram, paying by debit card and receiving through cash pickup is the cheapest combination. Sending CA$1,000 gives your recipient 68,490 CVE.

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

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 CVE through bank deposit and cash pickup.

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

  1. 1
    debit card Cash pickup

    You pay CA$1,005.99

    Esc68,490

    Cheapest

  2. 2
    credit card Cash pickup

    You pay CA$1,005.99

    Esc68,490

    Esc0

  3. 3
    Cash deposit Cash pickup

    You pay CA$1,005.99

    Esc68,490

    Esc0

  4. 4
    debit card Bank deposit

    You pay CA$1,000.00

    Esc68,440

    -Esc50

  5. 5
    credit card Bank deposit

    You pay CA$1,020.00

    Esc68,440

    -Esc50

Show moreShow less
  1. 6
    Bank transfer Bank deposit

    You pay CA$1,000.00

    Esc68,440

    -Esc50

  2. 7
    Interac Bank deposit

    You pay CA$1,000.00

    Esc68,440

    -Esc50

Consider this when sending CAD to Cape Verde

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/CVE transfer options

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

Best way to send money to Cape Verde

MoneyGram is the cheapest and easiest option, funded by debit card with cash pickup for the payout. Your recipient gets 68,490 CVE, which is 0.07% more than the next best option.

Fastest way to send money to Cape Verde

Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 68,440 CVE in within an hour.

Interac only works inside Canada

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

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 4 FINTRAC-registered companies sending CAD to Cape Verde, 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/CVE 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.