Wise is the cheapest way to send money from Canada to Puerto Rico based on the 6 companies we analyzed, giving your recipient 713.25 USD from $1,000.
| 6 of 6 providers Last updated on 2 September 2026 This page updates weekly. We collect, store, and analyze CAD/USD exchange rates from our comparisons. | |||
| Based on 1,000 CAD transfer Best companies for CAD/USD transfersAll money transfer offers for CAD/USD transfers, sorted by most USD received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Ad  Wise Pay via Bank Transfer | Fees: $7.41 1 CAD = 0.7186 USD 0.00% vs mid-market | Recipient gets $713.25 Same day | |
Ways to receive money in Puerto Rico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $7.411 CAD = 0.7186 USD $713.25You pay$1,000.00 | |||
| Ad  MoneyGram Pay via Debit Card | Fees: $5.99 1 CAD = 0.7006 USD +2.53% vs mid-market | Recipient gets $700.60 6-12 Hours | |
Ways to receive money in Puerto Rico with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 0.7006 USD $700.60You pay$1,005.99 | |||
Run a live search Showing top Canada to Puerto Rico 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 USD rates. | |||
Run a live search These companies offer multi-currency accounts for spending USD. We suggest doing a live search based on how much CAD you're planning to spend in Puerto Rico. | |||
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: $7.41 1 CAD = 0.7186 USD 0.00% vs mid-market | Recipient gets $713.25 Same day | |
Ways to receive money in Puerto Rico with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer $7.411 CAD = 0.7186 USD $713.25You pay$1,000.00 | |||
 Western Union Pay via Debit Card | Fees: $0.00 1 CAD = 0.7130 USD +0.78% vs mid-market | Recipient gets $713.03 Next Day | |
Ways to receive money in Puerto Rico with Western Union when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.7130 USD $713.03You pay$1,000.00 | |||
| Western Union Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.7130 USD +0.78% vs mid-market | Recipient gets $713.03 Next Day | |
Ways to receive money in Puerto Rico with Western Union when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 0.7130 USD $713.03You pay$1,000.00 | |||
| Wise Pay via Interac | Fees: $13.10 1 CAD = 0.7186 USD 0.00% vs mid-market | Recipient gets $709.16 Within minutes | |
Ways to receive money in Puerto Rico with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $13.101 CAD = 0.7186 USD $709.16You pay$1,000.00 | |||
 Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 0.7074 USD +1.57% vs mid-market | Recipient gets $707.40 2 Days | |
Ways to receive money in Puerto Rico with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.7074 USD $707.40You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 0.7074 USD +1.57% vs mid-market | Recipient gets $707.40 2 Days | |
Ways to receive money in Puerto Rico with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $20.001 CAD = 0.7074 USD $707.40You pay$1,020.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.7074 USD +1.57% vs mid-market | Recipient gets $707.40 2 Days | |
Ways to receive money in Puerto Rico with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.7074 USD $707.40You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 0.7074 USD +1.57% vs mid-market | Recipient gets $707.40 2 Days | |
Ways to receive money in Puerto Rico with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 0.7074 USD $707.40You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $18.43 1 CAD = 0.7186 USD 0.00% vs mid-market | Recipient gets $705.33 Within minutes | |
Ways to receive money in Puerto Rico with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $18.431 CAD = 0.7186 USD $705.33You pay$1,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit Card | Fees: $5.99 1 CAD = 0.7006 USD +2.53% vs mid-market | Recipient gets $700.60 6-12 Hours | |
Ways to receive money in Puerto Rico with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 0.7006 USD $700.60You pay$1,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit Card | Fees: $5.99 1 CAD = 0.7006 USD +2.53% vs mid-market | Recipient gets $700.60 6-12 Hours | |
Ways to receive money in Puerto Rico with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 0.7006 USD $700.60You pay$1,005.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fees: $5.99 1 CAD = 0.7006 USD +2.53% vs mid-market | Recipient gets $700.60 6-12 Hours | |
Ways to receive money in Puerto Rico with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickup6-12 Hours $5.991 CAD = 0.7006 USD $700.60You pay$1,005.99 | |||
 TD Bank Pay via Bank Transfer | Fees: $0.00 1 CAD = 0.6998 USD +2.65% vs mid-market | Recipient gets $699.80 | |
Ways to receive money in Puerto Rico with TD Bank when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 CAD = 0.6998 USD $699.80You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $33.17 1 CAD = 0.7186 USD 0.00% vs mid-market | Recipient gets $694.74 Within minutes | |
Ways to receive money in Puerto Rico with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutesAvailable via:Bank Transfer $33.171 CAD = 0.7186 USD $694.74You pay$1,000.00 | |||
 Ria Money Transfer Pay via Mobile wallet | Fees: $0.00 1 CAD = 0.6936 USD +3.54% vs mid-market | Recipient gets $693.60 6-12 Hours | |
Ways to receive money in Puerto Rico with Ria Money Transfer when paying by mobile wallet. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 0.6936 USD $693.60You pay$1,000.00 Cash pickup6-12 Hours Free1 CAD = 0.6936 USD $693.60You pay$1,000.00 | |||
| Ria Money Transfer Pay via Bank Transfer | Fees: $25.00 1 CAD = 0.6936 USD +3.54% vs mid-market | Recipient gets $676.26 6-12 Hours | |
Ways to receive money in Puerto Rico with Ria Money Transfer when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $25.001 CAD = 0.6936 USD $676.26You pay$1,000.00 Cash pickup6-12 Hours $25.001 CAD = 0.6936 USD $676.26You pay$1,000.00 | |||
| Ria Money Transfer Pay via Debit Card | Fees: $45.00 1 CAD = 0.6936 USD +3.54% vs mid-market | Recipient gets $662.39 6-12 Hours | |
Ways to receive money in Puerto Rico with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $45.001 CAD = 0.6936 USD $662.39You pay$1,000.00 Cash pickup6-12 Hours $45.001 CAD = 0.6936 USD $662.39You pay$1,000.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $65.00 1 CAD = 0.6936 USD +3.54% vs mid-market | Recipient gets $648.52 6-12 Hours | |
Ways to receive money in Puerto Rico with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $65.001 CAD = 0.6936 USD $648.52You pay$1,000.00 Cash pickup6-12 Hours $65.001 CAD = 0.6936 USD $648.52You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 0.718577 USD Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Wise at 713.25 USD 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 6 ways to pay, including bank transfer, debit card, credit card, interac, cash deposit, 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 6 companies sending money to India, but how you send depends on your needs.
Most common option
Hand your cash over the counter and your recipient can collect it the same day without needing an app or bank account.
Bring $1,000 in cash to the closest Western Union location, and your recipient picks up 713.03 USD within minutes.
Cash transfers cost more
Cash transfer to Puerto Rico is usually the most expensive option, compare your options above to get the best deal.
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 $7.41 in fees and adds 0% markup, so your $1,000 delivers 713.25 USD in next day.
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 6 online companies, Wise is the cheapest and currently gets you 713.25 USD on a $1,000 transfer after a $7.41 fee and 0% 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 699.8 USD, against 699.8 USD 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 USD.
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 USD, 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 USD, and convert between them at low cost.
For example, converting $1,000 costs $7.41 in fees at 0% markup, which gets you 713.25 USD.
With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $1,000 gives your recipient 713.25 USD.
Deposit CAD using bank transfer, debit card, credit card, interac, cash deposit, 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 USD through bank deposit and cash pickup.
For a bank deposit payout, you will need the recipient's bank details in Puerto Rico.
You pay $1,000.00
$713
Cheapest
You pay $1,000.00
$713
-$0.22
You pay $1,000.00
$709
-$4
You pay $1,020.00
$707
-$6
You pay $1,005.99
$701
-$13
You pay $1,005.99
$701
-$13
You pay $1,005.99
$701
-$13
You pay $1,000.00
$694
-$20
You pay $1,000.00
$694
-$20
You pay $1,000.00
$676
-$37
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 Puerto Rico, these are the cheapest, fastest and easiest options available now.
Best way to send money to Puerto Rico
Wise is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 713.25 USD, which is 0.03% more than the next best option.
Fastest way to send money to Puerto Rico
MoneyGram is fastest when you pay by debit card and choose cash pickup for the payout. The transfer delivers 700.6 USD in 6-12 hours.
An Interac e-Transfer cannot go directly to a recipient in Puerto Rico.
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 USD amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 0.724108 USD
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 Puerto Rico, 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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