Companies for transfers to Italy
"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."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"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."
"OFX have been helping individuals and businesses send money for over 25 years. Transfer in 50+ currencies to 170+ countries, with 24/7 phone access to currency experts."
"Send money anytime, anywhere with the TalkRemit app. There's zero fees on your first transaction and you're able to send to family and friends in over 40 countries."
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Lumon has cared for over 69,000 customers since 2000. Get support for larger transfers from dedicated currency specialists."
"Xoom, a PayPal service, allows you to send money in more than 160 countries. You can send cash for over-the-counter pickup or home delivery, as well as send by bank transfer or debit card."
"Dahabshiil specialises in secure, affordable international money transfers, offering services across 120+ countries. It provides low fees, fast transactions, and mobile wallet options.
"Securely send money to and from 150+ countries and 20+ currencies. Same-day transfers avaialble on most major currencies."
"Ria Money Transfer has over 35 yeas of trusted experience. Send money online to over 190 countries, and to over 500,000 pickup locations."
"Paysend has transparent fees and rates, with transfer sent within seconds to your recipient's bank. They also have global 24/7 support for any enquiries, and bank-level security."
"Moneycorp is an established player in the market, with a focus on private clients and corporates. Make overseas payments in over 120 currencies and 190 countries."
Overall top choice: Wise
Of the 17 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 100% of searches for transfers between Canada and Italy.
When sending money from Canada to Italy, using Wise in a great option.
How to get the best deal on your Canada to Italy transfer
- Always compare rates
Money transfers to Italy should be easy. Use our live comparison tool to make sure you aren't missing the best rates to send money from Canada to Italy.
- Choose a provider
Select the provider that offers you the best value on your Canadian Dollar & service for your needs.
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- Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Italy.
Summary of recent searches
Important things to consider before sending money from Canada to Italy
Don't settle for the first option. Always compare ways to send money from Canada to Italy to find out about fees, speed, and reliability.
Our analysis included 17 providers that operate between Canada and Italy.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to Italy.
Cheapest way to send money to Italy from Canada: Dahabshiil
They offer an average fee of 0* CAD and exchange rate between CAD-EUR that is -0.24% different to the mid-market rate.
In comparison, Dahabshiil is 0% cheaper than the second-best option.
To secure affordable and great rates on a CAD to Italy transfer, Dahabshiil is our recommended choice.
*The most common fee applied to CAD-EUR by Dahabshiil, based on data from the past six months.
Fastest way to send money from Canada to Italy: Ria Money Transfer
Our data shows that Ria Money Transfer came up as the fastest way to send money from Canada to Italy in 43.8% of searches. This makes them well suited to urgent CAD to EUR money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to Italy - 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 Italy from Canada in 43.8% of the searches on MoneyTransfers.com over the past six months.
Transferring large sums of money
Of the 17 money transfer companies tested, Wise is the strongest option for large transfers from Canada to Italy.
Reasons for sending large sums of money vary and include business or property purchases. But whatever the reason, sending large amounts of money from Canada to Italy can become expensive through your bank or with the wrong provider.
Wise is our choice for sending large sums of money to CAD because they offer a strong all-round product.
Understanding the cost of sending money to Italy from Canada
The cost of sending money from Italy to Italy, is made-up of a combination of fees and exchange rates:
The Mid-Market and Exchange Rates: The mid-market rate determines a mid-price for buying currency. The current mid-market rate from CAD-EUR is 0.6694 EUR per Canadian Dollar.
Finding a provider offering an exchange as close to 0.6694 as possible will ensure more Euro received when transferring.
For context, the CAD-EUR mid-market rate for the past three months has averaged 0.6694 EUR per Canadian Dollar. This includes a high of 0.6877, and low of 0.6576.
Wise currently offers the best exchange rate on transfers from Canada to Italy.
For the most part the CAD-EUR exchange rate you receive is the biggest factor impacting the cost of sending CAD to Italy.
Fees: Outside of exchange rates, you may need to pay a fee to send. Dahabshiil currently offers the lowest fees on transfers to Italy from Canada, averaging 0 CAD over the last 6 months. Although this does include large transfers as well, we recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Euro is the amount you started with, minus the amount you paid in the exchange and fees.
The better deal you get on exchanging Canadian Dollars to EUR, paired with a low fee, means a higher total amount received in Italy.
How to find the best exchange rate for Canada to Italy
Timing is essential for sending money between CAD and EUR. The exchange rate you secure impacts how much EUR you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to EUR has seen some fluctuation. On average, it stood at 0.6694.
During this period, the highest value recorded was 0.6877, while the lowest was 0.6576.
Wise, which is our recommended service to send money online from Canada to Italy offers an exchange rate that is only -0.02% above the mid-market rate.
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Payment methods available to fund your Canada to Italy transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to Italy.
By using a money transfer company such as Dahabshiil for transfers from Canada to Italy, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Dahabshiil is the cheapest provider for bank transfers from the 17 we tested when sending CAD to Italy.
With an average fee of CAD0 to send money from Canada to Italy, Dahabshiil offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to Italy 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 Italy, competing among a total of 17 active money transfer companies on this route.
Credit card
When it comes to credit card transfers from Canada to Italy, Xe emerges as our top choice of the 17 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 Italy 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 Italy.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
