Wise is the cheapest way to send money from Canada to Monaco based on the 5 companies we analyzed, giving your recipient 619.61 EUR from $1,000.
| 6 of 6 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze CAD/EUR exchange rates from our comparisons. | |||
| Based on 1,000 CAD transfer Best companies for CAD/EUR transfersAll money transfer offers for CAD/EUR transfers, sorted by most EUR received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Ad  Wise Pay via Bank Transfer | Fees: $6.34 1 CAD = 0.6236 EUR -0.02% vs mid-market | Recipient gets €619.61 Within a week | |
Ways to receive money in Monaco with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer $6.341 CAD = 0.6236 EUR €619.61You pay$1,000.00 | |||
| Ad  Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 0.6189 EUR +0.74% vs mid-market | Recipient gets €618.90 2 Days | |
Ways to receive money in Monaco with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.6189 EUR €618.90You pay$1,000.00 | |||
Run a live search Showing top Canada to Monaco deals for 1,000 CAD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live CAD to EUR rates. | |||
Run a live search These companies offer multi-currency accounts for spending EUR. We suggest doing a live search based on how much CAD you're planning to spend in Monaco. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Wise Pay via Bank Transfer | Fees: $6.34 1 CAD = 0.6236 EUR -0.02% vs mid-market | Recipient gets €619.61 Within a week | |
Ways to receive money in Monaco with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer $6.341 CAD = 0.6236 EUR €619.61You pay$1,000.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 0.6189 EUR +0.74% vs mid-market | Recipient gets €618.90 2 Days | |
Ways to receive money in Monaco with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.6189 EUR €618.90You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 0.6189 EUR +0.74% vs mid-market | Recipient gets €618.90 2 Days | |
Ways to receive money in Monaco with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 0.6189 EUR €618.90You pay$1,020.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.6189 EUR +0.74% vs mid-market | Recipient gets €618.90 2 Days | |
Ways to receive money in Monaco with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.6189 EUR €618.90You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 0.6189 EUR +0.74% vs mid-market | Recipient gets €618.90 2 Days | |
Ways to receive money in Monaco with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.6189 EUR €618.90You pay$1,000.00 | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 0.6182 EUR +0.85% vs mid-market | Recipient gets €618.21 Next Day | |
Ways to receive money in Monaco with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.6182 EUR €618.21You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.6182 EUR +0.85% vs mid-market | Recipient gets €618.21 Next Day | |
Ways to receive money in Monaco with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.6182 EUR €618.21You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $12.06 1 CAD = 0.6236 EUR -0.02% vs mid-market | Recipient gets €616.05 Within minutes | |
Ways to receive money in Monaco with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $12.061 CAD = 0.6236 EUR €616.05You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $17.38 1 CAD = 0.6236 EUR -0.02% vs mid-market | Recipient gets €612.73 Within minutes | |
Ways to receive money in Monaco with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $17.381 CAD = 0.6236 EUR €612.73You pay$1,000.00 | |||
 Remitbee Pay via Interac | Fees: $0.00 1 CAD = 0.6103 EUR +2.13% vs mid-market | Recipient gets €610.30 Next Day | |
Ways to receive money in Monaco with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.6103 EUR €610.30You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 0.6103 EUR +2.13% vs mid-market | Recipient gets €610.30 Next Day | |
Ways to receive money in Monaco with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.6103 EUR €610.30You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.6103 EUR +2.13% vs mid-market | Recipient gets €610.30 Next Day | |
Ways to receive money in Monaco with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.6103 EUR €610.30You pay$1,000.00 | |||
 TD Bank Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.6058 EUR +2.88% vs mid-market | Recipient gets €605.77 | |
Ways to receive money in Monaco with TD Bank when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 CAD = 0.6058 EUR €605.77You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $32.14 1 CAD = 0.6236 EUR -0.02% vs mid-market | Recipient gets €603.53 Within minutes | |
Ways to receive money in Monaco with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $32.141 CAD = 0.6236 EUR €603.53You pay$1,000.00 | |||
 Ria Money Transfer Pay via Mobile wallet | Fees: $0.00 1 CAD = 0.5997 EUR +3.89% vs mid-market | Recipient gets €599.70 6-12 Hours | |
Ways to receive money in Monaco with Ria Money Transfer when paying by mobile wallet. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 0.5997 EUR €599.70You pay$1,000.00 | |||
| Remitbee Pay via Debit Card | Fees: $29.99 1 CAD = 0.6103 EUR +2.13% vs mid-market | Recipient gets €592.00 Next Day | |
Ways to receive money in Monaco with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $29.991 CAD = 0.6103 EUR €592.00You pay$1,000.00 | |||
| Ria Money Transfer Pay via Bank Transfer | Fees: $25.00 1 CAD = 0.5997 EUR +3.89% vs mid-market | Recipient gets €584.71 6-12 Hours | |
Ways to receive money in Monaco with Ria Money Transfer when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $25.001 CAD = 0.5997 EUR €584.71You pay$1,000.00 | |||
| Ria Money Transfer Pay via Debit Card | Fees: $45.00 1 CAD = 0.5997 EUR +3.89% vs mid-market | Recipient gets €572.71 6-12 Hours | |
Ways to receive money in Monaco with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $45.001 CAD = 0.5997 EUR €572.71You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 0.5997 EUR +3.89% vs mid-market | Recipient gets €560.72 6-12 Hours | |
Ways to receive money in Monaco with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $65.001 CAD = 0.5997 EUR €560.72You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 0.623467 EUR Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Wise at 619.61 EUR on $1,000.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 5 ways to pay, including bank transfer, debit card, credit card, interac, and mobile wallet.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
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.
There are 5 companies sending money to India, but how you send depends on your needs.
For transfers home
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.
Wise charges $6.34 in fees and adds -0.02% markup, so your $1,000 delivers 619.61 EUR in within a week.
You don't need a SIN to sign up either, a passport works.
For one-off transfers
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of 5 online companies, Wise is the cheapest and currently gets you 619.61 EUR on a $1,000 transfer after a $6.34 fee and -0.02% markup.
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
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 $1,000 transfer, a bank like TD Bank delivers 605.77 EUR, against 605.77 EUR with Wise.
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
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 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
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.
Wise lets you hold CAD and EUR, and convert between them at low cost.
For example, converting $1,000 costs $6.34 in fees at -0.02% markup, which gets you 619.61 EUR.
With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 619.61 EUR.
Deposit CAD using bank transfer, debit card, credit card, interac, and mobile wallet.
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.
For a bank deposit payout, you will need the recipient's bank details in Monaco.
You pay $1,000.00
€620
Cheapest
You pay $1,000.00
€619
-€0.71
You pay $1,020.00
€619
-€0.71
You pay $1,000.00
€619
-€0.71
You pay $1,000.00
€600
-€20
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.
For a $1,000 transfer to Monaco, these are the cheapest, fastest and easiest options available now.
Best way to send money to Monaco
Wise is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 619.61 EUR, which is 0.11% more than the next best option.
Fastest way to send money to Monaco
Ria Money Transfer is fastest when you pay by mobile wallet and choose bank deposit for the payout. The transfer delivers 599.7 EUR in 6-12 hours.
An Interac e-Transfer cannot go directly to a recipient in Monaco.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
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.
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.
The rate has a direct impact on the EUR amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 0.623421 EUR
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 5 FINTRAC-registered companies sending CAD to Monaco, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
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.
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