"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."
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
"TorFX's 5-star service handles most currency needs, especially relating to overseas property, emigration & retirement. Friendly phone support, no-obligation advice & no max transfer limit."
Best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Canada to Israel searches in the last 6 months, and was the top rated company out of 14 that support CAD to ILS.
So for a great blend of cost, speed & features, make your Canada to Israel transfer using Wise.
How to get the best deal on your Canada to Israel transfer
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to Israel.
- Choose a provider
Select the provider that offers you the best value & service for your needs
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- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Get the most from sending money from Canada to Israel
Comparing providers offering services between Canada and Israel based on your specific transfer amount, is the easiest way to get the best price on your transfer.
We cover the entire CAD-ILS market and have compared 14 providers offering services between Canada and Israel.
This ensures you will get the most comprehensive options for sending Canadian Dollar to Israel.
Whilst we rate Wise as the best overall for transfers between the two countries, comparing gives you the best idea for your specific Canada to Israel transfer needs.
Cheapest way to send money to Israel from Canada: Key Currency
Data collected over the past six months shows that Key Currency is 0% cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to ILS international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to Israel transfer, make sure you pick Key Currency to send your money online.
*The most common fee applied to CAD-ILS by Key Currency, based on data from the past six months.
Fastest way to send money to Israel from Canada: Paysend.
In our comparison, we found Paysend to be the fastest way to send Canadian Dollars to New Israeli Sheqel in 50% of transfers. For quick transfers between CAD and ILS, Paysend comes highly recommended.
Sending money from Canada to Israel through Paysend has an average fee of 0 CAD.
To find the fastest company, we compared 14 money transfer providers for the overall speed of sending money from Canada to Israel. This was made up of depositing Canadian Dollar to a money transfer account and transfer times to Israel.
When looking for the fastest money transfer, Paysend is our best choice for sending into Israel from Canada.
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 Israel, it’s the provider that will keep you safe and relaxed while your money moves into ILS.
Understanding the costs involved when moving money from Canada to Israel
When calculating the costs of money transfers between Canada and Israel, here's what really matters:
The Mid-Market Rate: Today, the CAD-ILS mid-market rate equals 2.5982 ILS per Canadian Dollar.
The CAD-ILS average exchange rate for the past three months has been 2.7143 ILS per Canadian Dollar, with a high of 2.7816 and a low of 2.6408.
When looking to send money, we'd recommend Wise. On average Wise is 0.04% 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 ILS.
How to find the best exchange rate for Canada to Israel
Timing is essential for sending money between CAD and ILS. The exchange rate you secure impacts how much ILS you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to ILS has seen some fluctuation. On average, it stood at 2.7143.
During this period, the highest value recorded was 2.7816, while the lowest was 2.6408.
Wise, which is our recommended service to send money online from Canada to Israel offers an exchange rate that is only 0.04% above the mid-market rate.
Want to secure the best CAD-New Israeli Sheqel 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 Israel!
Payment methods available to fund your Canada to Israel transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Israel.
By using a money transfer company such as Key Currency for transfers from Canada to Israel, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Key Currency is the cheapest provider for bank transfers from the 14 we tested when sending CAD to Israel.
With an average fee of CAD0 to send money from Canada to Israel, Key Currency offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Israel with a debit or a prepaid card is very simple with Xe.
Xe is a leader in debit card payments for transfers from Canada to Israel, competing among a total of 14 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to Israel, Xe emerges as our top choice of the 14 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 Israel 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 Israel.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to ILS.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
