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How to Send Money from Canada to Russia

Get the best deals when you transfer from Canada to Russia. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to Russia from Canada.

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How to send money to Russia from Canada

The best way to send CAD to RUB

Remitly

The total number of Canada to Russian Ruble providers

2

The average cheapest way to send money from Canada to Russia

Remitly

Best option for debit card transfers

Wise

Best option for bank transfers

Remitly

You can always compare rates and fees based on your transfer amount and payment options when sending money.

The best way to send money from Canada to Russia

We recommend using Wise for money transfers to Russia from Canada.

We analyzed 2 providers that allow CAD to RUB transfers. Wise emerged as the best option in 66.7% of searches.

What’s the cheapest way to send money from Canada to Russia?

Based on results from the last 3 months, of the 2 providers we list, the cheapest way to send money from the Canada to Russia was Remitly, and the average cheapest payment method was card.

Remitly has averaged 0% cheaper than the next nearest provider for money transfers to Russia from Canada.

Just to make you aware, card was the overall cheapest payment method.

The cheapest way to send money isn't always the fastest

Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.

How the cost of sending money to Russia from Canada is calculated

The cost of sending money from Canada to Canada depends on several things, including:

The mid-market rate

The current mid-market rate between CAD and RUB is 68.10898. The rate the time you transfer will impact your overall cost. As an example, Remitly has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between Canada and Russia. This is why Instarem is listed as our cheapest option - they offer the best combination of Canadian Dollar to Russian Ruble (2.21) and fees ().

Bank transfers from Canada to Russia

Bank transfers are the most common way of sending CAD to Russia as they are secure, reliable, and convenient.

If you want to send Canadian Dollars to Russia through a bank transfer, Remitly has been the top rated provider in our comparison system for the last 3 months, being recommended 92.2% of the time.

That’s because companies like Remitly bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Remitly's transaction fees for Canadian Dollars into Russia have averaged significantly lower than banks for the last 3 months.

Credit card payments from Canada to Russia

Sending money with a credit card is quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.

If you want to send Canadian Dollars to Russia with a credit card, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 5.6% of the time.

Beware of charges

Credit card payments are often classified as cash advances, which bring their own charges, not to mention currency conversion and usage fees. And forgetting to pay your balance can result in high interest charges or even damage your credit score.

Debit card payments from Canada to Russia

Debit card payments let you send money from the Canada to Russia with the similar convenience of a credit card, and there are usually no tax advance fees. That said, when sending money from a debit card, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send Canadian Dollars to Russia with a debit card, Wise has been the top rated provider in our comparison system for the last 3 months, recommended 5.6% of the time.

Finding the best exchange rate for CAD to RUB

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Russian Rubles you can get for your Canadian Dollars. The average Canadian Dollar to Russian Ruble mid-market rate over the last month was 67.9996, with a low of 67.4146 and a high of 68.6029.

For comparison, the best exchange rate for CAD to RUB right now is through Remitly, at a difference of 2.06%.

How we find the best transfer deals from Canada to Russia

We’ve compared the cost, speed, and product offering of the top money transfer services (including Remitly) available between Russia and Canada.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Canadian Dollar to Russia, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Frequently asked questions

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Contributors

Keith Hodges
Keith is a digital specialist with a background in the financial industry, both as a marketeer and a journalist. Keith joined MoneyTransfers.com in order to take the business to the next level and expand our offering in multiple international money transfer markets.
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