How to send money to Germany from Canada with the best CAD-EUR rate

Africhange is the cheapest way to send money from Canada to Germany based on the 13 companies we analyzed, giving your recipient 637.61 EUR from CA$1,000.

Best companies for CAD/EUR transfers

13 of 13 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/EUR transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $6.34 1 CAD = 0.6396 EUR 0.00% vs mid-market Recipient gets €635.55 Same day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$6.341 CAD = 0.6396 EUR
€635.55You pay$1,000.00
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Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6376 EUR +0.31% vs mid-market Recipient gets €637.60 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Cash pickupWithin minutes
Free1 CAD = 0.6376 EUR
€637.60You pay$1,000.00
Bank depositWithin minutes
Free1 CAD = 0.6376 EUR
€637.60You pay$1,000.00

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

Africhange

Pay via Bank Transfer
Fees: $6.00 1 CAD = 0.6376 EUR +0.31% vs mid-market Recipient gets €637.61 Minutes
Cheapest
Receive to bank account or debit card

Ways to receive money in Germany with Africhange when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositMinutes
$6.001 CAD = 0.6376 EUR
€637.61You pay$1,006.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6376 EUR +0.31% vs mid-market Recipient gets €637.60 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Cash pickupWithin minutes
Free1 CAD = 0.6376 EUR
€637.60You pay$1,000.00
Bank depositWithin minutes
Free1 CAD = 0.6376 EUR
€637.60You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 0.6376 EUR +0.31% vs mid-market Recipient gets €637.60 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Cash pickupWithin minutes
$20.001 CAD = 0.6376 EUR
€637.60You pay$1,020.00
Bank depositWithin minutes
$20.001 CAD = 0.6376 EUR
€637.60You pay$1,020.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6369 EUR +0.42% vs mid-market Recipient gets €636.90 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Cash pickupWithin a week
Free1 CAD = 0.6369 EUR
€636.90You pay$1,000.00
Bank depositWithin a week
Free1 CAD = 0.6369 EUR
€636.90You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 0.6369 EUR +0.42% vs mid-market Recipient gets €636.90 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Cash pickupWithin a week
Free1 CAD = 0.6369 EUR
€636.90You pay$1,000.00
Bank depositWithin a week
Free1 CAD = 0.6369 EUR
€636.90You pay$1,000.00

Currencies Direct

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6365 EUR +0.48% vs mid-market Recipient gets €636.50 6-12 Hours
Receive to bank account

Ways to receive money in Germany with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.6365 EUR
€636.50You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6360 EUR +0.56% vs mid-market Recipient gets €636.00 Minutes
Fastest
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 0.6360 EUR
€636.00You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $6.34 1 CAD = 0.6396 EUR 0.00% vs mid-market Recipient gets €635.55 Same day
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$6.341 CAD = 0.6396 EUR
€635.55You pay$1,000.00

CurrencyFair

Pay via Bank Transfer
Fees: $4.69 1 CAD = 0.6353 EUR +0.67% vs mid-market Recipient gets €632.30 6-12 Hours
Receive to bank account

Ways to receive money in Germany with CurrencyFair when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
$4.691 CAD = 0.6353 EUR
€632.30You pay$1,000.00

Wise

Pay via Interac
Fees: $12.06 1 CAD = 0.6396 EUR 0.00% vs mid-market Recipient gets €631.89 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$12.061 CAD = 0.6396 EUR
€631.89You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 0.6302 EUR +1.48% vs mid-market Recipient gets €630.20 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6302 EUR
€630.20You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 0.6302 EUR +1.48% vs mid-market Recipient gets €630.20 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6302 EUR
€630.20You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6302 EUR +1.48% vs mid-market Recipient gets €630.20 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6302 EUR
€630.20You pay$1,000.00

Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6293 EUR +1.62% vs mid-market Recipient gets €629.28 Next Day
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6293 EUR
€629.28You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6293 EUR +1.62% vs mid-market Recipient gets €629.28 Next Day
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6293 EUR
€629.28You pay$1,000.00

Wise

Pay via Debit Card
Fees: $17.38 1 CAD = 0.6396 EUR 0.00% vs mid-market Recipient gets €628.49 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$17.381 CAD = 0.6396 EUR
€628.49You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 0.6272 EUR +1.96% vs mid-market Recipient gets €627.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.6272 EUR
€627.20You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 0.6272 EUR +1.96% vs mid-market Recipient gets €627.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.6272 EUR
€627.20You pay$1,000.00

Moneycorp

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6268 EUR +2.00% vs mid-market Recipient gets €626.80 Next Day

Ways to receive money in Germany with Moneycorp when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.6268 EUR
€626.80You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $4.99 1 CAD = 0.6250 EUR +2.31% vs mid-market Recipient gets €625.00 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 0.6250 EUR
€625.00You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 0.6217 EUR
€621.70You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $4.99 1 CAD = 0.6250 EUR +2.31% vs mid-market Recipient gets €625.00 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 0.6250 EUR
€625.00You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 0.6217 EUR
€621.70You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $4.99 1 CAD = 0.6250 EUR +2.31% vs mid-market Recipient gets €625.00 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$4.991 CAD = 0.6250 EUR
€625.00You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 0.6217 EUR
€621.70You pay$1,005.99

Remitbee

Pay via Debit Card
Fees: $8.99 1 CAD = 0.6302 EUR +1.48% vs mid-market Recipient gets €624.53 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
$8.991 CAD = 0.6302 EUR
€624.53You pay$1,000.00

TD Bank

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6209 EUR +2.97% vs mid-market Recipient gets €620.90 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.6209 EUR
€620.90You pay$1,000.00

RBC

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.6205 EUR +3.03% vs mid-market Recipient gets €620.51 6-12 Hours
0 reviews

Ways to receive money in Germany with RBC when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.6205 EUR
€620.51You pay$1,000.00

Wise

Pay via Credit Card
Fees: $32.14 1 CAD = 0.6396 EUR 0.00% vs mid-market Recipient gets €619.05 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$32.141 CAD = 0.6396 EUR
€619.05You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 0.6396 EUR Updates every 60 minutes.

How to send money from Canada to Germany

Pick a company

Start with the cheapest, which is Africhange at 637.61 EUR on CA$1,000.

Africhange was the cheapest on 9 of the 16 days it quoted CA$1,000 transfers to Germany.

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 bank transfer, debit card, 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 Germany?

How much CAD you send to Germany 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 Africhange was the cheapest in 60% of the transfers up to C$1,000 it quoted, and in 49% of all the transfers it quoted.

Cheapest service
$1000.18%$0.00€63.87with interac to bank deposit+€1.41
$5000.32%$6.00€318.85with bank transfer to bank deposit+€4.15
$8000.17%$0.00€510.72with interac to bank deposit+€6.69
$1,000This page0.31%$6.00€637.61with bank transfer to bank deposit+€7.70
$3,0000.15%$0.00€1,915.20with bank transfer to bank deposit+€21.64
$10,0000.25%$0.00€6,381.85with bank transfer to bank deposit+€52.01
$50,0000.20%$0.00€31,910.75with bank transfer to bank deposit+€216.62

Mid-market rate: 1 CAD = 0.6396 EUR

CAD/EUR Exchange Rate History

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

The cheapest way to send CAD to EUR 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 Africhange), across 30 days of comparisons for 1,000 CAD transfers to Germany.

EUR received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rate€639.59 Africhange €637.61 TD Bank €620.90Africhange€637.61Remitly€637.60Currencies Direct€636.50Extra cost of a bank€16.71

600
610
620
630
640
650
At the mid-market rateWith the cheapest optionWith a bankAfrichangeRemitlyCurrencies Direct
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6203 – €620.34
Instarem Cheapest 0.6193 $0.00 €619.30 −€1.04
Remitly 0.6173 $0.00 €617.30 −€3.04
Currencies Direct 0.6172 $0.00 €617.20 −€3.14
TD Bank 0.6029 $0.00 €602.89 −€17.45
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6209 – €620.89
Instarem Cheapest 0.6200 $0.00 €620.00 −€0.89
Remitly 0.6183 $0.00 €618.30 −€2.59
Currencies Direct 0.6179 $0.00 €617.90 −€2.99
TD Bank 0.6036 $0.00 €603.61 −€17.28
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6207 – €620.72
Instarem Cheapest 0.6193 $0.00 €619.30 −€1.42
Currencies Direct 0.6176 $0.00 €617.60 −€3.12
Remitly 0.6170 $0.00 €617.00 −€3.72
TD Bank 0.6026 $0.00 €602.57 −€18.15
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6247 – €624.69
Instarem Cheapest 0.6237 $0.00 €623.70 −€0.99
Remitly 0.6218 $0.00 €621.80 −€2.89
Currencies Direct 0.6215 $0.00 €621.50 −€3.19
TD Bank 0.6069 $0.00 €606.86 −€17.83
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6233 – €623.33
Remitly Cheapest 0.6205 $0.00 €620.50 −€2.83
Currencies Direct 0.6204 $0.00 €620.40 −€2.93
TD Bank 0.6059 $0.00 €605.88 −€17.45
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6233 – €623.29
Remitly Cheapest 0.6205 $0.00 €620.50 −€2.78
Currencies Direct 0.6204 $0.00 €620.40 −€2.88
TD Bank 0.6059 $0.00 €605.88 −€17.40
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6266 – €626.62
Remitly Cheapest 0.6236 $0.00 €623.60 −€3.02
Currencies Direct 0.6234 $0.00 €623.40 −€3.22
TD Bank 0.6059 $0.00 €605.88 −€20.74
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6249 – €624.86
Instarem Cheapest 0.6239 $0.00 €623.90 −€0.96
Remitly 0.6219 $0.00 €621.90 −€2.96
Currencies Direct 0.6217 $0.00 €621.70 −€3.15
TD Bank 0.6073 $0.00 €607.26 −€17.60
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6264 – €626.42
Africhange Cheapest 0.6245 $6.00 €624.54 −€1.88
Remitly 0.6234 $0.00 €623.40 −€3.02
Currencies Direct 0.6233 $0.00 €623.30 −€3.12
TD Bank 0.6071 $0.00 €607.10 −€19.32
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6261 – €626.12
Remitly 0.6231 $0.00 €623.10 −€3.02
Currencies Direct Cheapest 0.6231 $0.00 €623.10 −€3.02
TD Bank 0.6086 $0.00 €608.62 −€17.50
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6266 – €626.60
Africhange Cheapest 0.6247 $6.00 €624.75 −€1.85
Remitly 0.6236 $0.00 €623.60 −€3.00
Currencies Direct 0.6234 $0.00 €623.40 −€3.20
TD Bank 0.6083 $0.00 €608.33 −€18.27
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6258 – €625.79
Instarem Cheapest 0.6251 $0.00 €625.10 −€0.69
Remitly 0.6231 $0.00 €623.10 −€2.69
Currencies Direct 0.6230 $0.00 €623.00 −€2.79
TD Bank 0.6079 $0.00 €607.94 −€17.85
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6258 – €625.79
Instarem Cheapest 0.6251 $0.00 €625.10 −€0.69
Africhange 0.6239 $6.00 €623.91 −€1.88
Remitly 0.6232 $0.00 €623.20 −€2.59
Currencies Direct 0.6230 $0.00 €623.00 −€2.79
TD Bank 0.6079 $0.00 €607.94 −€17.85
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6266 – €626.63
Instarem Cheapest 0.6255 $0.00 €625.50 −€1.13
Africhange 0.6247 $6.00 €624.75 −€1.88
Remitly 0.6236 $0.00 €623.60 −€3.03
Currencies Direct 0.6234 $0.00 €623.40 −€3.23
TD Bank 0.6084 $0.00 €608.35 −€18.28
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6270 – €627.02
Currencies Direct Cheapest 0.6239 $0.00 €623.90 −€3.12
TD Bank 0.6090 $0.00 €608.99 −€18.03
Africhange No quote collected this day – – – –
Remitly No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6280 – €628.04
Remitly Cheapest 0.6264 $0.00 €626.40 −€1.64
Currencies Direct 0.6248 $0.00 €624.80 −€3.24
TD Bank 0.6101 $0.00 €610.07 −€17.97
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6277 – €627.69
Africhange Cheapest 0.6257 $6.00 €625.72 −€1.97
Remitly 0.6257 $0.00 €625.70 −€1.99
Currencies Direct 0.6246 $0.00 €624.60 −€3.09
TD Bank 0.6096 $0.00 €609.61 −€18.08
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6279 – €627.92
Instarem Cheapest 0.6268 $0.00 €626.80 −€1.12
Remitly 0.6261 $0.00 €626.10 −€1.82
Africhange 0.6260 $6.00 €626.03 −€1.89
Currencies Direct 0.6247 $0.00 €624.70 −€3.22
TD Bank 0.6095 $0.00 €609.47 −€18.45
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6286 – €628.57
Remitly Cheapest 0.6272 $0.00 €627.20 −€1.37
Currencies Direct 0.6261 $0.00 €626.10 −€2.47
TD Bank 0.6111 $0.00 €611.06 −€17.51
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6286 – €628.57
Instarem Cheapest 0.6282 $0.00 €628.20 −€0.37
Remitly 0.6271 $0.00 €627.10 −€1.47
Africhange 0.6267 $6.00 €626.69 −€1.88
Currencies Direct 0.6261 $0.00 €626.10 −€2.47
TD Bank 0.6111 $0.00 €611.06 −€17.51
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6320 – €631.98
Africhange Cheapest 0.6301 $6.00 €630.08 −€1.90
Remitly 0.6298 $0.00 €629.80 −€2.18
Currencies Direct 0.6290 $0.00 €629.00 −€2.98
TD Bank 0.6147 $0.00 €614.69 −€17.29
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6324 – €632.44
Africhange Cheapest 0.6305 $6.00 €630.55 −€1.89
Remitly 0.6305 $0.00 €630.50 −€1.94
Currencies Direct 0.6293 $0.00 €629.30 −€3.14
TD Bank 0.6147 $0.00 €614.69 −€17.75
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6337 – €633.75
Africhange Cheapest 0.6318 $6.00 €631.85 −€1.90
Remitly 0.6317 $0.00 €631.70 −€2.05
Currencies Direct 0.6307 $0.00 €630.70 −€3.05
TD Bank 0.6164 $0.00 €616.36 −€17.39
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6344 – €634.37
Africhange Cheapest 0.6325 $6.00 €632.47 −€1.90
Remitly 0.6320 $0.00 €632.00 −€2.37
Currencies Direct 0.6312 $0.00 €631.20 −€3.17
TD Bank 0.6154 $0.00 €615.42 −€18.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6363 – €636.33
Instarem Cheapest 0.6352 $0.00 €635.20 −€1.13
Remitly 0.6345 $0.00 €634.50 −€1.83
Currencies Direct 0.6332 $0.00 €633.20 −€3.13
TD Bank 0.6178 $0.00 €617.76 −€18.57
Africhange No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6375 – €637.51
Instarem Cheapest 0.6363 $0.00 €636.30 −€1.21
Africhange 0.6356 $6.00 €635.60 −€1.91
Remitly 0.6353 $0.00 €635.30 −€2.21
Currencies Direct 0.6343 $0.00 €634.30 −€3.21
RBC 0.6186 $0.00 €618.62 −€18.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6375 – €637.51
Instarem Cheapest 0.6363 $0.00 €636.30 −€1.21
Africhange 0.6356 $6.00 €635.60 −€1.91
Remitly 0.6353 $0.00 €635.30 −€2.21
Currencies Direct 0.6343 $0.00 €634.30 −€3.21
RBC 0.6186 $0.00 €618.62 −€18.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6362 – €636.20
Africhange Cheapest 0.6343 $6.00 €634.29 −€1.91
Remitly 0.6341 $0.00 €634.10 −€2.10
Currencies Direct 0.6331 $0.00 €633.10 −€3.10
RBC 0.6180 $0.00 €617.97 −€18.23
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6389 – €638.91
Instarem Cheapest 0.6378 $0.00 €637.80 −€1.11
Africhange 0.6370 $6.00 €636.97 −€1.94
Remitly 0.6369 $0.00 €636.90 −€2.01
Currencies Direct 0.6358 $0.00 €635.80 −€3.11
TD Bank 0.6201 $0.00 €620.06 −€18.85
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.6396 – €639.59
Africhange Cheapest 0.6376 $6.00 €637.61 −€1.98
Remitly 0.6376 $0.00 €637.60 −€1.99
Currencies Direct 0.6365 $0.00 €636.50 −€3.09
TD Bank 0.6209 $0.00 €620.90 −€18.69

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 EUR 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 EUR on every transfer from Canada.

Right now, Africhange pays 637.61 EUR on 1,000 CAD, which is 1.98 EUR less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 637.8 EUR.

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 Germany.

We've tracked 196 comparisons to check how often today's top companies were the cheapest across 7 amounts over the past month.

  1. AfrichangeAppeared in 98 comparisons

    Cheapest in 49% of them

  2. RemitlyAppeared in 123 comparisons

    Cheapest in 27% of them

  3. Currencies DirectAppeared in 184 comparisons

    Cheapest in 7% of them

  4. TD BankAppeared in 136 comparisons

    Never the cheapest

Based on 196 comparisons across 7 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 Africhange is the cheapest and gets you the most EUR, but it was the cheapest in only 49% of the 98 comparisons it appeared in over the past month.

Remitly (today's second cheapest) was the cheapest in only 27% of its comparisons, so it's rarely the cheapest option for transfers to Germany.

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

Ways to send money from Canada to Germany

There are 13 companies sending money to Germany, 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 637.6 EUR 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 Germany 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.

Africhange charges CA$6 in fees and adds 0.31% markup, so your CA$1,000 delivers 637.61 EUR in minutes.

Over the past month, Africhange was the cheapest app on 56% 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 13 companies we compared, Africhange is the cheapest online service and currently gets you 637.61 EUR on a CA$1,000 transfer after a CA$6 fee and 0.31% markup.

In our comparisons over the past month, it was the cheapest online service on 9 of the 16 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 620.9 EUR, against 637.61 EUR with Africhange.

We found TD Bank was the cheapest bank on 27 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.

Brokers like Currencies Direct charge no fees but add 0.48% on CAD/EUR interbank rate.

The markup gets lower the more you send, with an account manager handling it end to end.

Our analysis shows Currencies Direct was the cheapest broker in 68% of all the transfers it quoted.

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 EUR.

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 EUR, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Currencies Direct lets you hold CAD and EUR, and convert between them at low cost.

For example, converting $1,000 costs $0 in fees at 0.48% markup, which gets you 636.5 EUR.

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

Ways to fund CAD and receive EUR in Germany

With Africhange, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 637.61 EUR.

Our data shows that Africhange gets your recipient 16.71 EUR more than TD Bank, today's cheapest bank, on the same CA$1,000.

Deposit CAD using bank transfer, debit card, 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 EUR through bank deposit and cash pickup.

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

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,006.00

    €638

    Cheapest

  2. 2
    debit card Cash pickup

    You pay CA$1,000.00

    €638

    -€0.01

  3. 3
    debit card Bank deposit

    You pay CA$1,000.00

    €638

    -€0.01

  4. 4
    credit card Cash pickup

    You pay CA$1,020.00

    €638

    -€0.01

  5. 5
    credit card Bank deposit

    You pay CA$1,020.00

    €638

    -€0.01

Show moreShow less
  1. 6
    Bank transfer Cash pickup

    You pay CA$1,000.00

    €637

    -€0.71

  2. 7
    Interac Cash pickup

    You pay CA$1,000.00

    €637

    -€0.71

  3. 8
    Interac Bank deposit

    You pay CA$1,000.00

    €637

    -€0.71

  4. 9
    Bill payment Bank deposit

    You pay CA$1,000.00

    €630

    -€7

  5. 10
    Cash deposit Bank deposit

    You pay CA$1,004.99

    €625

    -€13

  6. 11
    Cash deposit Cash pickup

    You pay CA$1,005.99

    €622

    -€16

Consider this when sending CAD to Germany

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/EUR transfer options

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

Best way to send money to Germany

Africhange is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 637.61 EUR, which is 0% more than the next best option.

Fastest way to send money to Germany

Africhange is fastest when you pay by bank transfer and choose bank deposit for the payout. The transfer delivers 637.61 EUR in minutes.

Interac only works inside Canada

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

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 13 FINTRAC-registered companies sending CAD to Germany, 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 196 comparisons across 7 amounts.

This page covers the cheapest and fastest options for CAD/EUR 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.