"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."
"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."
Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 99.4% of Canada to Cuba searches, and was the top rated company out of 4 that support CAD to CUC.
So for a great mix of cost, speed & features, make your Canada to Cuba transfer using Wise.
Compare for the best deal on your Canada to Cuba transfer
- Always compare rates
Don't spend more than you have to. Use our live comparison tool to compare rates on money transfers from Canada to Cuba.
- Choose a provider
Pick the provider that offers you the best value & service for your needs for CAD to CUC transfers.
.png)
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be heading to Cuba.
Summary of recent searches
Considerations ahead of sending money from Canada to Cuba
A comparison of providers offering services between Canada and Cuba, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.
We’ve compared 4 providers that provide services for sending Canadian Dollar to Cuba. This ensures you will get the best options for your transfer to Cuba from Canada.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Canada to Cuba.
Cheapest way to send money to Cuba from Canada: Wise
They offer an average fee of 13.91* CAD and exchange rate between CAD-CUC that is 0% different to the mid-market rate.
In comparison, Wise is 0% cheaper than the second-best option.
To secure affordable and great rates on a CAD to Cuba transfer, Wise is our recommended choice.
*The most common fee applied to CAD-CUC by Wise, based on data from the past six months.
Fastest way to send money from Canada to Cuba: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Cuba in 75.9% of searches. This makes them well suited to urgent CAD to CUC money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Cuba - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Ria Money Transfer is your best choice at the moment. This service emerged as the quickest way to send money to Cuba from Canada in 75.9% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to Cuba, it’s the provider that will keep you safe and relaxed while your money moves into CUC.
Understanding the costs involved when moving money from Canada to Cuba
When calculating the costs of money transfers between Canada and Cuba, here's what really matters:
The Mid-Market Rate: Today, the CAD-CUC mid-market rate equals 0.7108 CUC per Canadian Dollar.
The CAD-CUC average exchange rate for the past three months has been 0.7302 CUC per Canadian Dollar, with a high of 0.7446 and a low of 0.7123.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to CUC.
How to find the best exchange rate for Canada to Cuba
Timing is essential for sending money between CAD and CUC. The exchange rate you secure impacts how much CUC you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to CUC has seen some fluctuation. On average, it stood at 0.7302.
During this period, the highest value recorded was 0.7446, while the lowest was 0.7123.
Wise, which is our recommended service to send money online from Canada to Cuba offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Peso Convertible 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 Cuba!
Payment methods available to fund your Canada to Cuba transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Cuba.
By using a money transfer company such as Wise for transfers from Canada to Cuba, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 4 we tested when sending CAD to Cuba.
With an average fee of CAD14.25 to send money from Canada to Cuba, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Cuba with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to Cuba, competing among a total of 4 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to Cuba, Wise emerges as our top choice of the 4 companies offering this service.
Fee alert: using a credit card to transfer money 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 Cuba and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Cuba.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to CUC.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
