How to send money to Ecuador from Canada with the best CAD-USD rate

Remitbee is the cheapest way to send money from Canada to Ecuador based on the 8 companies we analyzed, giving your recipient 709.7 USD from CA$1,000.

Best companies for CAD/USD transfers

8 of 8 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/USD transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $7.41 1 CAD = 0.7111 USD 0.00% vs mid-market Recipient gets $705.84 Next day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$7.411 CAD = 0.7111 USD
$705.84You pay$1,000.00
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Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.7094 USD +0.24% vs mid-market Recipient gets $709.40 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 0.7094 USD
$709.40You pay$1,000.00

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Showing top Canada to Ecuador deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 0.7097 USD +0.20% vs mid-market Recipient gets $709.70 Next Day
0 reviews
Cheapest

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.7097 USD
$709.70You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 0.7097 USD +0.20% vs mid-market Recipient gets $709.70 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.7097 USD
$709.70You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.7097 USD +0.20% vs mid-market Recipient gets $709.70 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.7097 USD
$709.70You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.7094 USD +0.24% vs mid-market Recipient gets $709.40 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 0.7094 USD
$709.40You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 0.7094 USD +0.24% vs mid-market Recipient gets $709.40 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 0.7094 USD
$709.40You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 0.7077 USD +0.48% vs mid-market Recipient gets $707.70 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.7077 USD
$707.70You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 0.7077 USD +0.48% vs mid-market Recipient gets $707.70 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.7077 USD
$707.70You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $7.41 1 CAD = 0.7111 USD 0.00% vs mid-market Recipient gets $705.84 Next day
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:Bank Transfer
$7.411 CAD = 0.7111 USD
$705.84You pay$1,000.00

Remitbee

Pay via Debit Card
Fees: $8.99 1 CAD = 0.7097 USD +0.20% vs mid-market Recipient gets $703.32 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
$8.991 CAD = 0.7097 USD
$703.32You pay$1,000.00

Wise

Pay via Interac
Fees: $13.10 1 CAD = 0.7111 USD 0.00% vs mid-market Recipient gets $701.80 Same day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$13.101 CAD = 0.7111 USD
$701.80You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 0.7000 USD +1.58% vs mid-market Recipient gets $700.00 Minutes
Fastest
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 0.7000 USD
$700.00You pay$1,000.00
Cash pickupMinutesAvailable via:Delgado Cash Pickup, Easypagos Cash Pickup, Global Envios Cash Pickup
Free1 CAD = 0.7000 USD
$700.00You pay$1,000.00
Card depositMinutesAvailable via:Pay To Card
$2.721 CAD = 0.7000 USD
$700.00You pay$1,002.72

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6998 USD +1.60% vs mid-market Recipient gets $699.80 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 0.6998 USD
$699.80You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 0.6998 USD +1.60% vs mid-market Recipient gets $699.80 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 0.6998 USD
$699.80You pay$1,020.00

Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6982 USD +1.83% vs mid-market Recipient gets $698.17 Next Day
Receive to bank account or cash pickup

Ways to receive money in Ecuador with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6982 USD
$698.17You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6982 USD +1.83% vs mid-market Recipient gets $698.17 Next Day
Receive to bank account or cash pickup

Ways to receive money in Ecuador with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6982 USD
$698.17You pay$1,000.00

Wise

Pay via Debit Card
Fees: $18.43 1 CAD = 0.7111 USD 0.00% vs mid-market Recipient gets $698.01 Same day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$18.431 CAD = 0.7111 USD
$698.01You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $4.99 1 CAD = 0.6962 USD +2.12% vs mid-market Recipient gets $696.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 0.6962 USD
$696.20You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 0.6940 USD
$694.00You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $4.99 1 CAD = 0.6962 USD +2.12% vs mid-market Recipient gets $696.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 0.6962 USD
$696.20You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 0.6940 USD
$694.00You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $4.99 1 CAD = 0.6962 USD +2.12% vs mid-market Recipient gets $696.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 0.6962 USD
$696.20You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 0.6940 USD
$694.00You pay$1,005.99

TD Bank

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6932 USD +2.56% vs mid-market Recipient gets $693.15 6-12 Hours

Ways to receive money in Ecuador with TD Bank when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.6932 USD
$693.15You pay$1,000.00

Wise

Pay via Credit Card
Fees: $33.17 1 CAD = 0.7111 USD 0.00% vs mid-market Recipient gets $687.52 Same day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$33.171 CAD = 0.7111 USD
$687.52You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 0.7111 USD Updates every 60 minutes.

How to send money from Canada to Ecuador

Pick a company

Start with the cheapest, which is Remitbee at 709.7 USD on CA$1,000.

Remitbee was the cheapest on 16 of the 20 days it quoted CA$1,000 transfers to Ecuador.

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, bank transfer, credit card, interac, bill payment, 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 Ecuador?

How much CAD you send to Ecuador 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 Remitbee was the cheapest in 79% of the transfers up to C$1,000 it quoted, and in 79% of all the transfers it quoted.

Cheapest service
$100-0.70%$0.00$71.63with bank transfer to bank deposit+$1.97
$500-0.70%$0.00$358.15with bank transfer to bank deposit+$7.01
$1,000This page0.20%$0.00$709.70with interac to bank deposit+$7.92
$3,0000.17%$0.00$2,130.30with bank transfer to bank deposit+$25.28
$10,0000.15%$0.00$7,101.00with bank transfer to bank deposit+$50.81
$50,0000.25%$0.00$35,477.88with bank transfer to bank deposit+$353.75

Mid-market rate: 1 CAD = 0.7111 USD

CAD/USD Exchange Rate History

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

The cheapest way to send CAD to USD 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 Remitbee), across 30 days of comparisons for 1,000 CAD transfers to Ecuador.

USD received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rate$711.12 Remitbee $709.70 TD Bank $693.15Remitbee$709.70Remitly$709.40Paysend$707.70Extra cost of a bank$16.55

680
690
700
710
720
730
At the mid-market rateWith the cheapest optionWith a bankRemitbeeRemitlyPaysend
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7050 – $704.97
Remitbee Cheapest 0.7197 $0.00 $719.70 +$14.73
Paysend 0.7016 $0.00 $701.56 −$3.41
Remitly 0.6952 $0.00 $695.20 −$9.77
TD Bank 0.6938 $0.00 $693.84 −$11.13
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7050 – $705.00
Remitbee Cheapest 0.7197 $0.00 $719.70 +$14.71
Paysend 0.7017 $0.00 $701.66 −$3.34
Remitly 0.6958 $0.00 $695.80 −$9.20
TD Bank 0.6938 $0.00 $693.84 −$11.15
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7021 – $702.14
Remitbee Cheapest 0.7197 $0.00 $719.70 +$17.56
Paysend 0.6986 $0.00 $698.56 −$3.58
TD Bank 0.6938 $0.00 $693.84 −$8.30
Remitly 0.6922 $0.00 $692.20 −$9.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7033 – $703.32
Remitbee Cheapest 0.7197 $0.00 $719.70 +$16.38
Paysend 0.7000 $0.00 $700.03 −$3.29
TD Bank 0.6938 $0.00 $693.84 −$9.48
Remitly 0.6938 $0.00 $693.80 −$9.52
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7018 – $701.83
Remitbee Cheapest 0.7197 $0.00 $719.70 +$17.87
Paysend 0.6984 $0.00 $698.41 −$3.42
TD Bank 0.6938 $0.00 $693.84 −$7.99
Remitly 0.6921 $0.00 $692.10 −$9.73
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7018 – $701.78
Remitbee Cheapest 0.7197 $0.00 $719.70 +$17.92
Paysend 0.6984 $0.00 $698.41 −$3.37
TD Bank 0.6938 $0.00 $693.84 −$7.94
Remitly 0.6921 $0.00 $692.10 −$9.68
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7006 – $700.59
Remitbee Cheapest 0.7197 $0.00 $719.70 +$19.11
Paysend 0.6972 $0.00 $697.19 −$3.40
TD Bank 0.6938 $0.00 $693.84 −$6.75
Remitly 0.6907 $0.00 $690.70 −$9.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7003 – $700.28
Remitbee Cheapest 0.7197 $0.00 $719.70 +$19.42
Paysend 0.6970 $0.00 $696.99 −$3.29
TD Bank 0.6938 $0.00 $693.84 −$6.44
Remitly 0.6907 $0.00 $690.70 −$9.58
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7032 – $703.16
Remitbee Cheapest 0.7197 $0.00 $719.70 +$16.54
Paysend 0.6999 $0.00 $699.88 −$3.28
TD Bank 0.6938 $0.00 $693.84 −$9.32
Remitly 0.6938 $0.00 $693.80 −$9.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7014 – $701.37
Remitbee Cheapest 0.7197 $0.00 $719.70 +$18.34
Paysend 0.6980 $0.00 $698.02 −$3.35
TD Bank 0.6938 $0.00 $693.84 −$7.52
Remitly 0.6917 $0.00 $691.70 −$9.66
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7035 – $703.50
Remitbee Cheapest 0.7197 $0.00 $719.70 +$16.20
Paysend 0.7001 $0.00 $700.13 −$3.37
Remitly 0.6939 $0.00 $693.90 −$9.60
TD Bank 0.6938 $0.00 $693.84 −$9.66
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7012 – $701.16
Remitbee Cheapest 0.7197 $0.00 $719.70 +$18.54
Paysend 0.6981 $0.00 $698.09 −$3.07
TD Bank 0.6938 $0.00 $693.84 −$7.32
Remitly 0.6918 $0.00 $691.80 −$9.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7012 – $701.16
Remitbee Cheapest 0.7197 $0.00 $719.70 +$18.54
Paysend 0.6981 $0.00 $698.09 −$3.07
TD Bank 0.6938 $0.00 $693.84 −$7.32
Remitly 0.6922 $0.00 $692.20 −$8.96
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7022 – $702.19
Remitbee Cheapest 0.7197 $0.00 $719.70 +$17.51
Paysend 0.6989 $0.00 $698.90 −$3.29
TD Bank 0.6938 $0.00 $693.84 −$8.35
Remitly 0.6926 $0.00 $692.60 −$9.59
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7009 – $700.94
Remitbee Cheapest 0.7197 $0.00 $719.70 +$18.76
Remitly 0.6986 $0.00 $698.60 −$2.34
Paysend 0.6976 $0.00 $697.63 −$3.31
TD Bank 0.6938 $0.00 $693.84 −$7.10
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7039 – $703.92
Remitly Cheapest 0.7019 $0.00 $701.90 −$2.02
Paysend 0.7006 $0.00 $700.57 −$3.35
TD Bank 0.6855 $0.00 $685.47 −$18.45
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7033 – $703.34
Remitly Cheapest 0.7013 $0.00 $701.30 −$2.04
Paysend 0.7000 $0.00 $699.98 −$3.36
TD Bank 0.6854 $0.00 $685.40 −$17.94
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7055 – $705.52
Remitly Cheapest 0.7027 $0.00 $702.70 −$2.82
Paysend 0.7023 $0.00 $702.25 −$3.27
TD Bank 0.6872 $0.00 $687.17 −$18.35
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7063 – $706.34
Instarem Cheapest 0.7060 $0.00 $706.00 −$0.34
Remitly 0.7054 $0.00 $705.40 −$0.94
Paysend 0.7039 $0.00 $703.89 −$2.45
TD Bank 0.6872 $0.00 $687.17 −$19.17
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7063 – $706.34
Instarem Cheapest 0.7060 $0.00 $706.00 −$0.34
Remitly 0.7054 $0.00 $705.40 −$0.94
Paysend 0.7039 $0.00 $703.89 −$2.45
TD Bank 0.6886 $0.00 $688.56 −$17.78
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7093 – $709.34
Remitly Cheapest 0.7067 $0.00 $706.70 −$2.64
Paysend 0.7058 $0.00 $705.79 −$3.55
TD Bank 0.6893 $0.00 $689.32 −$20.02
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7102 – $710.16
Instarem Cheapest 0.7090 $0.00 $709.00 −$1.16
Remitly 0.7086 $0.00 $708.60 −$1.56
Paysend 0.7069 $0.00 $706.87 −$3.29
TD Bank 0.6919 $0.00 $691.86 −$18.30
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7113 – $711.29
Instarem Cheapest 0.7100 $0.00 $710.00 −$1.29
Remitly 0.7093 $0.00 $709.30 −$1.99
Paysend 0.7079 $0.00 $707.92 −$3.37
TD Bank 0.6925 $0.00 $692.53 −$18.76
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7131 – $713.14
Remitly Cheapest 0.7108 $0.00 $710.80 −$2.34
Paysend 0.7096 $0.00 $709.61 −$3.53
TD Bank 0.6944 $0.00 $694.36 −$18.78
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7135 – $713.47
Instarem Cheapest 0.7124 $0.00 $712.40 −$1.07
Remitly 0.7116 $0.00 $711.60 −$1.87
Paysend 0.7101 $0.00 $710.15 −$3.32
TD Bank 0.6944 $0.00 $694.36 −$19.11
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7142 – $714.16
Remitly Cheapest 0.7121 $0.00 $712.10 −$2.06
Paysend 0.7107 $0.00 $710.68 −$3.48
Remitbee 0.7097 $0.00 $709.70 −$4.46
TD Bank 0.6947 $0.00 $694.66 −$19.50
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7142 – $714.16
Remitly Cheapest 0.7122 $0.00 $712.20 −$1.96
Paysend 0.7107 $0.00 $710.68 −$3.48
Remitbee 0.7097 $0.00 $709.70 −$4.46
TD Bank 0.6946 $0.00 $694.59 −$19.57
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7137 – $713.72
Instarem Cheapest 0.7125 $0.00 $712.50 −$1.22
Remitly 0.7116 $0.00 $711.60 −$2.12
Paysend 0.7103 $0.00 $710.32 −$3.40
Remitbee 0.7097 $0.00 $709.70 −$4.02
TD Bank 0.6946 $0.00 $694.63 −$19.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7131 – $713.11
Instarem Cheapest 0.7121 $0.00 $712.10 −$1.01
Remitly 0.7117 $0.00 $711.70 −$1.41
Paysend 0.7099 $0.00 $709.92 −$3.19
Remitbee 0.7097 $0.00 $709.70 −$3.41
TD Bank 0.6943 $0.00 $694.27 −$18.84
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.7111 – $711.12
Remitbee Cheapest 0.7097 $0.00 $709.70 −$1.42
Remitly 0.7094 $0.00 $709.40 −$1.72
Paysend 0.7077 $0.00 $707.70 −$3.42
TD Bank 0.6932 $0.00 $693.15 −$17.97

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. The bank line is the cheapest bank available on each day.

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 USD 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 15 of the last 30 days.

Right now, Remitbee pays 709.7 USD on 1,000 CAD, which is 1.42 USD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 719.7 USD.

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 Ecuador.

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

  1. RemitbeeAppeared in 100 comparisons

    Cheapest in 79% of them

  2. RemitlyAppeared in 104 comparisons

    Cheapest in 35% of them

  3. PaysendAppeared in 94 comparisons

    Cheapest in 3% of them

  4. TD BankAppeared in 118 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 Remitbee is the cheapest and gets you the most USD, and it was also the cheapest in 79% of the 100 comparisons it appeared in over the past month.

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

Remitly (today's second cheapest) was the cheapest in only 35% of its comparisons, so it's rarely the cheapest option for transfers to Ecuador.

Ways to send money from Canada to Ecuador

There are 8 companies sending money to Ecuador, 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 709.4 USD within minutes.

Our data shows Remitly came out cheapest among in-person options on 100% of days in the past month.

Cash transfers cost more

Cash transfer to Ecuador 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.

Remitbee charges CA$0 in fees and adds 0.2% markup, so your CA$1,000 delivers 709.7 USD in next day.

Over the past month, Remitbee was the cheapest app on 80% 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 8 companies we compared, Remitbee is the cheapest online service and currently gets you 709.7 USD on a CA$1,000 transfer after a CA$0 fee and 0.2% markup.

In our comparisons over the past month, it was the cheapest online service on 16 of the 20 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.

The most expensive way

Banks

A wire from your bank carries a $30 to $80 fee, plus another 1.5 to 3% inside the exchange rate that you won't see itemized anywhere.

On a CA$1,000 transfer, a bank like TD Bank delivers 693.15 USD, against 709.7 USD with Remitbee.

We found TD Bank was the cheapest bank on 30 of the 30 days it appeared for this amount.

The wire can feel like the safer choice for a big amount, but bank deposit insurance and the safeguards used by money transfer companies are just as safe, just different protections.

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 USD.

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 USD, 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 USD, and convert between them at low cost.

For example, converting $1,000 costs $7.41 in fees at 0% markup, which gets you 705.84 USD.

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

Ways to fund CAD and receive USD in Ecuador

With Remitbee, paying by interac and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 709.7 USD.

Our data shows that Remitbee gets your recipient 16.55 USD more than TD Bank, today's cheapest bank, on the same CA$1,000.

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

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

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    $710

    Cheapest

  2. 2
    Interac Bank deposit

    You pay CA$1,000.00

    $710

    $0

  3. 3
    Bill payment Bank deposit

    You pay CA$1,000.00

    $710

    $0

  4. 4
    debit card Bank deposit

    You pay CA$1,000.00

    $708

    -$2

  5. 5
    credit card Bank deposit

    You pay CA$1,000.00

    $708

    -$2

Show moreShow less
  1. 6
    debit card Cash pickup

    You pay CA$1,000.00

    $700

    -$10

  2. 7
    debit card Card deposit

    You pay CA$1,002.72

    $700

    -$10

  3. 8
    Cash deposit Bank deposit

    You pay CA$1,004.99

    $696

    -$14

  4. 9
    credit card Cash pickup

    You pay CA$1,005.99

    $694

    -$16

  5. 10
    Cash deposit Cash pickup

    You pay CA$1,005.99

    $694

    -$16

Consider this when sending CAD to Ecuador

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/USD transfer options

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

Best way to send money to Ecuador

Remitbee is the cheapest and easiest option, funded by interac with bank deposit for the payout. Your recipient gets 709.7 USD, which is 0.04% more than the next best option.

Fastest way to send money to Ecuador

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 700 USD in minutes.

Interac only works inside Canada

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

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 8 FINTRAC-registered companies sending CAD to Ecuador, 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/USD 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.