How to send money to Kuwait from Canada with the best CAD-KWD rate

OFX is the cheapest way to send money from Canada to Kuwait based on the 6 companies we analyzed, giving your recipient 219.95 KWD from CA$1,000.

Best companies for CAD/KWD transfers

6 of 6 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/KWD transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $25.48 1 CAD = 0.2193 KWD +0.96% vs mid-market Recipient gets KWD 213.68 Next week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext weekAvailable via:SWIFT
$25.481 CAD = 0.2193 KWD
KWD 213.68You pay$1,000.00
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Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 0.2094 KWD +5.56% vs mid-market Recipient gets KWD 209.40 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 0.2094 KWD
KWD 209.40You pay$1,000.00

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

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.2199 KWD +0.65% vs mid-market Recipient gets KWD 219.95 6-12 Hours
Cheapest
Receive to bank account

Ways to receive money in Kuwait with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.2199 KWD
KWD 219.95You pay$1,000.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 0.2181 KWD +1.49% vs mid-market Recipient gets KWD 218.13 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.2181 KWD
KWD 218.13You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 0.2181 KWD +1.49% vs mid-market Recipient gets KWD 218.13 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 0.2181 KWD
KWD 218.13You pay$1,000.00

Moneycorp

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.2170 KWD +2.00% vs mid-market Recipient gets KWD 216.96 Next Day

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 0.2170 KWD
KWD 216.96You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $5.99 1 CAD = 0.2154 KWD +2.74% vs mid-market Recipient gets KWD 215.40 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 0.2154 KWD
KWD 215.40You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $5.99 1 CAD = 0.2154 KWD +2.74% vs mid-market Recipient gets KWD 215.40 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 0.2154 KWD
KWD 215.40You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $5.99 1 CAD = 0.2154 KWD +2.74% vs mid-market Recipient gets KWD 215.40 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 0.2154 KWD
KWD 215.40You pay$1,005.99

Wise

Pay via Bank Transfer
Fees: $25.48 1 CAD = 0.2193 KWD +0.96% vs mid-market Recipient gets KWD 213.68 Next week
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext weekAvailable via:SWIFT
$25.481 CAD = 0.2193 KWD
KWD 213.68You pay$1,000.00

Wise

Pay via Interac
Fees: $31.13 1 CAD = 0.2193 KWD +0.96% vs mid-market Recipient gets KWD 212.45 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$31.131 CAD = 0.2193 KWD
KWD 212.45You pay$1,000.00

Wise

Pay via Debit Card
Fees: $36.23 1 CAD = 0.2193 KWD +0.96% vs mid-market Recipient gets KWD 211.33 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$36.231 CAD = 0.2193 KWD
KWD 211.33You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 0.2094 KWD +5.56% vs mid-market Recipient gets KWD 209.40 Within minutes
Fastest
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 0.2094 KWD
KWD 209.40You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $0.00 1 CAD = 0.2094 KWD +5.56% vs mid-market Recipient gets KWD 209.40 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 0.2094 KWD
KWD 209.40You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 0.2094 KWD +5.56% vs mid-market Recipient gets KWD 209.40 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 0.2094 KWD
KWD 209.40You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 0.2094 KWD +5.56% vs mid-market Recipient gets KWD 209.40 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 0.2094 KWD
KWD 209.40You pay$1,000.00

Wise

Pay via Credit Card
Fees: $50.59 1 CAD = 0.2193 KWD +0.96% vs mid-market Recipient gets KWD 208.18 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$50.591 CAD = 0.2193 KWD
KWD 208.18You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 0.2214 KWD Updates every 60 minutes.

How to send money from Canada to Kuwait

Pick a company

Start with the cheapest, which is OFX at 219.95 KWD on CA$1,000.

OFX was the cheapest on 28 of the 28 days it quoted CA$1,000 transfers to Kuwait.

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 5 ways to pay, including bank transfer, debit card, credit card, interac, 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 Kuwait?

How much CAD you send to Kuwait 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 OFX was the cheapest in 100% of the transfers up to C$1,000 it quoted, and in 58% of all the transfers it quoted.

Cheapest service
$1001.42%$0.00KWD 21.82with debit card to bank deposit+KWD 1.28
$5000.65%$0.00KWD 109.95with bank transfer to bank deposit+KWD 3.58
$1,000This page0.65%$0.00KWD 219.95with bank transfer to bank deposit+KWD 6.44
$3,0000.65%$0.00KWD 659.58with bank transfer to bank deposit+KWD 16.67
$10,0000.25%$0.00KWD 2,208.68with bank transfer to bank deposit+KWD 31.70
$50,0000.20%$0.00KWD 11,043.52with bank transfer to bank deposit+KWD 143.44

Mid-market rate: 1 CAD = 0.2214 KWD

CAD/KWD Exchange Rate History

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

The cheapest way to send CAD to KWD 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 OFX), across 30 days of comparisons for 1,000 CAD transfers to Kuwait.

KWD received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateKWD 221.38 OFX KWD 219.95OFXKWD 219.95PaysendKWD 218.13MoneycorpKWD 216.96

210
212
214
216
218
220
222
224
At the mid-market rateWith the cheapest optionOFXPaysendMoneycorp
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2177 – KWD 217.65
OFX Cheapest 0.2162 $0.00 KWD 216.24 −KWD 1.41
Paysend 0.2158 $0.00 KWD 215.77 −KWD 1.88
Moneycorp 0.2133 $0.00 KWD 213.30 −KWD 4.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2177 – KWD 217.69
OFX Cheapest 0.2163 $0.00 KWD 216.28 −KWD 1.41
Paysend 0.2159 $0.00 KWD 215.91 −KWD 1.78
Moneycorp 0.2133 $0.00 KWD 213.34 −KWD 4.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2168 – KWD 216.80
OFX Cheapest 0.2154 $0.00 KWD 215.39 −KWD 1.41
Paysend 0.2150 $0.00 KWD 215.02 −KWD 1.78
Moneycorp 0.2125 $0.00 KWD 212.47 −KWD 4.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2172 – KWD 217.19
OFX Cheapest 0.2158 $0.00 KWD 215.77 −KWD 1.41
Paysend 0.2155 $0.00 KWD 215.48 −KWD 1.71
Moneycorp 0.2128 $0.00 KWD 212.84 −KWD 4.34
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2167 – KWD 216.75
OFX Cheapest 0.2153 $0.00 KWD 215.34 −KWD 1.41
Paysend 0.2150 $0.00 KWD 214.98 −KWD 1.77
Moneycorp 0.2124 $0.00 KWD 212.41 −KWD 4.34
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2167 – KWD 216.73
OFX Cheapest 0.2153 $0.00 KWD 215.32 −KWD 1.41
Paysend 0.2150 $0.00 KWD 215.05 −KWD 1.68
Moneycorp 0.2124 $0.00 KWD 212.40 −KWD 4.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2166 – KWD 216.64
OFX Cheapest 0.2152 $0.00 KWD 215.23 −KWD 1.41
Paysend 0.2148 $0.00 KWD 214.85 −KWD 1.79
Moneycorp 0.2123 $0.00 KWD 212.31 −KWD 4.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2166 – KWD 216.62
OFX Cheapest 0.2152 $0.00 KWD 215.21 −KWD 1.41
Paysend 0.2147 $0.00 KWD 214.68 −KWD 1.94
Moneycorp 0.2123 $0.00 KWD 212.29 −KWD 4.33
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2182 – KWD 218.18
OFX Cheapest 0.2168 $0.00 KWD 216.76 −KWD 1.42
Paysend 0.2156 $0.00 KWD 215.57 −KWD 2.61
Moneycorp 0.2138 $0.00 KWD 213.82 −KWD 4.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2179 – KWD 217.89
OFX Cheapest 0.2165 $0.00 KWD 216.47 −KWD 1.42
Paysend 0.2150 $0.00 KWD 215.00 −KWD 2.89
Moneycorp 0.2135 $0.00 KWD 213.53 −KWD 4.36
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Remitly Cheapest 0.2159 $0.00 KWD 215.90 –
Paysend 0.2156 $0.00 KWD 215.65 –
OFX No quote collected this day – – – –
Moneycorp No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2180 – KWD 218.03
OFX Cheapest 0.2166 $0.00 KWD 216.62 −KWD 1.41
Paysend 0.2150 $0.00 KWD 215.02 −KWD 3.01
Moneycorp 0.2137 $0.00 KWD 213.67 −KWD 4.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2180 – KWD 218.03
OFX Cheapest 0.2166 $0.00 KWD 216.62 −KWD 1.41
Paysend 0.2150 $0.00 KWD 215.02 −KWD 3.01
Moneycorp 0.2137 $0.00 KWD 213.67 −KWD 4.36
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2184 – KWD 218.39
OFX Cheapest 0.2170 $0.00 KWD 216.97 −KWD 1.42
Paysend 0.2153 $0.00 KWD 215.27 −KWD 3.12
Moneycorp 0.2140 $0.00 KWD 214.02 −KWD 4.37
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2183 – KWD 218.32
OFX Cheapest 0.2169 $0.00 KWD 216.90 −KWD 1.41
Paysend 0.2150 $0.00 KWD 214.98 −KWD 3.34
Moneycorp 0.2139 $0.00 KWD 213.95 −KWD 4.37
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2194 – KWD 219.38
OFX Cheapest 0.2180 $0.00 KWD 217.95 −KWD 1.43
Paysend 0.2158 $0.00 KWD 215.78 −KWD 3.60
Moneycorp 0.2150 $0.00 KWD 214.99 −KWD 4.39
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2193 – KWD 219.32
OFX Cheapest 0.2179 $0.00 KWD 217.89 −KWD 1.43
Paysend 0.2156 $0.00 KWD 215.60 −KWD 3.72
Moneycorp 0.2149 $0.00 KWD 214.93 −KWD 4.39
Exchange rateFees:Recipient getsDifference
Mid-market rate – – –
Paysend Cheapest 0.2163 $0.00 KWD 216.30 –
OFX No quote collected this day – – – –
Moneycorp No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2195 – KWD 219.55
OFX Cheapest 0.2181 $0.00 KWD 218.12 −KWD 1.42
Paysend 0.2168 $0.00 KWD 216.81 −KWD 2.73
Moneycorp 0.2152 $0.00 KWD 215.15 −KWD 4.39
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2195 – KWD 219.55
OFX Cheapest 0.2181 $0.00 KWD 218.12 −KWD 1.42
Paysend 0.2167 $0.00 KWD 216.70 −KWD 2.84
Moneycorp 0.2152 $0.00 KWD 215.15 −KWD 4.39
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2205 – KWD 220.45
OFX Cheapest 0.2190 $0.00 KWD 219.02 −KWD 1.43
Paysend 0.2173 $0.00 KWD 217.29 −KWD 3.16
Moneycorp 0.2160 $0.00 KWD 216.04 −KWD 4.41
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2205 – KWD 220.50
OFX Cheapest 0.2191 $0.00 KWD 219.07 −KWD 1.43
Paysend 0.2176 $0.00 KWD 217.62 −KWD 2.88
Moneycorp 0.2161 $0.00 KWD 216.09 −KWD 4.41
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2202 – KWD 220.22
OFX Cheapest 0.2188 $0.00 KWD 218.79 −KWD 1.43
Paysend 0.2179 $0.00 KWD 217.94 −KWD 2.28
Moneycorp 0.2158 $0.00 KWD 215.82 −KWD 4.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2212 – KWD 221.19
OFX Cheapest 0.2198 $0.00 KWD 219.76 −KWD 1.43
Paysend 0.2185 $0.00 KWD 218.46 −KWD 2.73
Moneycorp 0.2168 $0.00 KWD 216.77 −KWD 4.42
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2216 – KWD 221.61
OFX Cheapest 0.2202 $0.00 KWD 220.17 −KWD 1.44
Paysend 0.2186 $0.00 KWD 218.63 −KWD 2.98
Moneycorp 0.2172 $0.00 KWD 217.17 −KWD 4.44
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2219 – KWD 221.88
OFX Cheapest 0.2204 $0.00 KWD 220.44 −KWD 1.44
Paysend 0.2188 $0.00 KWD 218.79 −KWD 3.09
Moneycorp 0.2174 $0.00 KWD 217.44 −KWD 4.44
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2219 – KWD 221.88
OFX Cheapest 0.2204 $0.00 KWD 220.44 −KWD 1.44
Paysend 0.2188 $0.00 KWD 218.79 −KWD 3.09
Moneycorp 0.2174 $0.00 KWD 217.44 −KWD 4.44
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2218 – KWD 221.75
OFX Cheapest 0.2203 $0.00 KWD 220.31 −KWD 1.44
Paysend 0.2187 $0.00 KWD 218.68 −KWD 3.07
Moneycorp 0.2173 $0.00 KWD 217.32 −KWD 4.43
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2216 – KWD 221.62
OFX Cheapest 0.2202 $0.00 KWD 220.18 −KWD 1.44
Paysend 0.2186 $0.00 KWD 218.62 −KWD 3.00
Moneycorp 0.2172 $0.00 KWD 217.19 −KWD 4.43
Exchange rateFees:Recipient getsDifference
Mid-market rate 0.2214 – KWD 221.38
OFX Cheapest 0.2199 $0.00 KWD 219.95 −KWD 1.43
Paysend 0.2181 $0.00 KWD 218.13 −KWD 3.25
Moneycorp 0.2170 $0.00 KWD 216.96 −KWD 4.42

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. There are no bank quotes for this period.

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 KWD 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 KWD on every transfer from Canada.

Right now, OFX pays 219.95 KWD on 1,000 CAD, which is 1.43 KWD less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 220.44 KWD.

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 Kuwait.

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

  1. OFXAppeared in 138 comparisons

    Cheapest in 58% of them

  2. PaysendAppeared in 93 comparisons

    Cheapest in 22% of them

  3. MoneycorpAppeared in 170 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 OFX is the cheapest and gets you the most KWD, and it was also the cheapest in 58% of the 138 comparisons it appeared in over the past month.

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

Paysend (today's second cheapest) was the cheapest in only 22% of its comparisons, so it's rarely the cheapest option for transfers to Kuwait.

Ways to send money from Canada to Kuwait

There are 6 companies sending money to Kuwait, 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 MoneyGram location, and your recipient picks up 215.4 KWD within minutes.

Our data shows MoneyGram came out cheapest among in-person options on 47% of days in the past month.

Cash transfers cost more

Cash transfer to Kuwait 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.

Paysend charges CA$0 in fees and adds 1.49% markup, so your CA$1,000 delivers 218.13 KWD in 6-12 hours.

Over the past month, Paysend was the cheapest app on 47% 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 6 companies we compared, Paysend is the cheapest online service and currently gets you 218.13 KWD on a CA$1,000 transfer after a CA$0 fee and 1.49% markup.

In our comparisons over the past month, it was the cheapest online service on 14 of the 30 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.

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 OFX charge no fees but add 0.65% on CAD/KWD interbank rate.

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

Our analysis shows OFX was the cheapest broker in 58% 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 KWD.

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

For example, converting $1,000 costs $25.48 in fees at 0.95% markup, which gets you 213.68 KWD.

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

Ways to fund CAD and receive KWD in Kuwait

With OFX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 219.95 KWD.

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

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

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    KWD220

    Cheapest

  2. 2
    debit card Bank deposit

    You pay CA$1,000.00

    KWD218

    -KWD2

  3. 3
    credit card Bank deposit

    You pay CA$1,000.00

    KWD218

    -KWD2

  4. 4
    debit card Cash pickup

    You pay CA$1,005.99

    KWD215

    -KWD5

  5. 5
    credit card Cash pickup

    You pay CA$1,005.99

    KWD215

    -KWD5

Show moreShow less
  1. 6
    Cash deposit Cash pickup

    You pay CA$1,005.99

    KWD215

    -KWD5

  2. 7
    Interac Bank deposit

    You pay CA$1,000.00

    KWD212

    -KWD8

Consider this when sending CAD to Kuwait

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/KWD transfer options

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

Best way to send money to Kuwait

OFX is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 219.95 KWD, which is 0.83% more than the next best option.

Fastest way to send money to Kuwait

Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 209.4 KWD in within an hour.

Interac only works inside Canada

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

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 6 FINTRAC-registered companies sending CAD to Kuwait, 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/KWD 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.