How to send money to Rwanda from Canada with the best CAD-RWF rate

Remitly is the cheapest way to send money from Canada to Rwanda based on the 8 companies we analyzed, giving your recipient 1,051,260 RWF from CA$1,000.

Best companies for CAD/RWF transfers

8 of 8 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/RWF transfers

Sort Cheapest
Ad

Wise

Pay via Bank Transfer
Fees: $36.16 1 CAD = 1049.5300 RWF +0.46% vs mid-market Recipient gets RF 1,011,579.00 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$36.161 CAD = 1049.5300 RWF
RF 1,011,579.00You pay$1,000.00
Ad

WorldRemit

Pay via Debit Card
Fees: $0.00 1 CAD = 1031.2688 RWF +2.22% vs mid-market Recipient gets RF 1,031,268.79 Next Day
Receive to bank account or cash pickup

Ways to receive money in Rwanda with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyNext Day
Free1 CAD = 1031.2688 RWF
RF 1,031,268.79You pay$1,000.00

Run a live search

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

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1051.2600 RWF +0.30% vs mid-market Recipient gets RF 1,051,260.00 Within a week
Cheapest
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 1051.2600 RWF
RF 1,051,260.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 1051.2600 RWF +0.30% vs mid-market Recipient gets RF 1,051,260.00 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 1051.2600 RWF
RF 1,051,260.00You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 1044.0120 RWF +0.99% vs mid-market Recipient gets RF 1,044,012.00 Minutes
Fastest
Receive to bank account

Ways to receive money in Rwanda with TapTap Send when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 1044.0120 RWF
RF 1,044,012.00You pay$1,000.00
Mobile moneyMinutesAvailable via:Airtel, MTN, TIGO
Free1 CAD = 1044.0120 RWF
RF 1,044,012.00You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 1043.8300 RWF +1.00% vs mid-market Recipient gets RF 1,043,830.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 1043.8300 RWF
RF 1,043,830.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 1043.8300 RWF +1.00% vs mid-market Recipient gets RF 1,043,830.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 1043.8300 RWF
RF 1,043,830.00You pay$1,020.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 1040.9693 RWF +1.28% vs mid-market Recipient gets RF 1,040,969.32 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 1040.9693 RWF
RF 1,040,969.32You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 1040.9693 RWF +1.28% vs mid-market Recipient gets RF 1,040,969.32 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 1040.9693 RWF
RF 1,040,969.32You pay$1,000.00

Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 1038.9744 RWF +1.47% vs mid-market Recipient gets RF 1,038,975.00 Next Day
Receive to bank account or cash pickup

Ways to receive money in Rwanda with Western Union when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1038.9744 RWF
RF 1,038,975.00You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1038.9744 RWF +1.47% vs mid-market Recipient gets RF 1,038,975.00 Next Day
Receive to bank account or cash pickup

Ways to receive money in Rwanda with Western Union when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1038.9744 RWF
RF 1,038,975.00You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 1033.5916 RWF +1.99% vs mid-market Recipient gets RF 1,033,591.60 Next Day
0 reviews

Ways to receive money in Rwanda with Remitbee when paying by interac.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1033.5916 RWF
RF 1,033,591.60You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 1033.5916 RWF +1.99% vs mid-market Recipient gets RF 1,033,591.60 Next Day
0 reviews

Ways to receive money in Rwanda with Remitbee when paying by bill payment.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1033.5916 RWF
RF 1,033,591.60You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 1033.5916 RWF +1.99% vs mid-market Recipient gets RF 1,033,591.60 Next Day
0 reviews

Ways to receive money in Rwanda with Remitbee when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 1033.5916 RWF
RF 1,033,591.60You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $1.99 1 CAD = 1031.8771 RWF +2.16% vs mid-market Recipient gets RF 1,031,877.10 6-12 Hours

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

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.991 CAD = 1031.8771 RWF
RF 1,031,877.10You pay$1,001.99
Bank deposit6-12 HoursAvailable via:Select Banks
$4.991 CAD = 1031.8753 RWF
RF 1,031,875.30You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 1031.8442 RWF
RF 1,031,844.20You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $1.99 1 CAD = 1031.8771 RWF +2.16% vs mid-market Recipient gets RF 1,031,877.10 6-12 Hours

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

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.991 CAD = 1031.8771 RWF
RF 1,031,877.10You pay$1,001.99
Bank deposit6-12 HoursAvailable via:Select Banks
$4.991 CAD = 1031.8753 RWF
RF 1,031,875.30You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 1031.8442 RWF
RF 1,031,844.20You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $1.99 1 CAD = 1031.8771 RWF +2.16% vs mid-market Recipient gets RF 1,031,877.10 6-12 Hours

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

MethodFee & ratesRecipient gets
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.991 CAD = 1031.8771 RWF
RF 1,031,877.10You pay$1,001.99
Bank deposit6-12 HoursAvailable via:Select Banks
$4.991 CAD = 1031.8753 RWF
RF 1,031,875.30You pay$1,004.99
Cash pickup6-12 Hours
$5.991 CAD = 1031.8442 RWF
RF 1,031,844.20You pay$1,005.99
Only available via Mobile App

WorldRemit

Pay via Debit Card
Fees: $0.00 1 CAD = 1031.2688 RWF +2.22% vs mid-market Recipient gets RF 1,031,268.79 Next Day
Receive to bank account or cash pickup

Ways to receive money in Rwanda with WorldRemit when paying by debit card.

MethodFee & ratesRecipient gets
Mobile moneyNext Day
Free1 CAD = 1031.2688 RWF
RF 1,031,268.79You pay$1,000.00

Remitbee

Pay via Debit Card
Fees: $8.99 1 CAD = 1033.5916 RWF +1.99% vs mid-market Recipient gets RF 1,024,299.61 Next Day
0 reviews

Ways to receive money in Rwanda with Remitbee when paying by debit card.

MethodFee & ratesRecipient gets
Bank depositNext Day
$8.991 CAD = 1033.5916 RWF
RF 1,024,299.61You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $36.16 1 CAD = 1049.5300 RWF +0.46% vs mid-market Recipient gets RF 1,011,579.00 Within a week
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$36.161 CAD = 1049.5300 RWF
RF 1,011,579.00You pay$1,000.00

Wise

Pay via Interac
Fees: $41.70 1 CAD = 1049.5300 RWF +0.46% vs mid-market Recipient gets RF 1,005,765.00 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$41.701 CAD = 1049.5300 RWF
RF 1,005,765.00You pay$1,000.00

Wise

Pay via Debit Card
Fees: $46.64 1 CAD = 1049.5300 RWF +0.46% vs mid-market Recipient gets RF 1,000,580.00 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$46.641 CAD = 1049.5300 RWF
RF 1,000,580.00You pay$1,000.00

Wise

Pay via Credit Card
Fees: $60.70 1 CAD = 1049.5300 RWF +0.46% vs mid-market Recipient gets RF 985,824.00 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$60.701 CAD = 1049.5300 RWF
RF 985,824.00You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 1054.3686 RWF Updates every 60 minutes.

How to send money from Canada to Rwanda

Pick a company

Start with the cheapest, which is Remitly at 1,051,260 RWF on CA$1,000.

Remitly was the cheapest on 16 of the 30 days it quoted CA$1,000 transfers to Rwanda.

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 6 ways to pay, including debit card, bank transfer, credit card, interac, bill payment, 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 Rwanda?

How much CAD you send to Rwanda 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 Remitly was the cheapest in 53% of the transfers up to C$1,000 it quoted, and in 57% of all the transfers it quoted.

Cheapest service
$100-1.21%$0.00RF 106,751.00with bank transfer to bank deposit+RF 6,157.70
$500-1.20%$0.00RF 533,755.00with bank transfer to bank deposit+RF 18,268.02
$1,000This page0.30%$0.00RF 1,051,260.00with bank transfer to bank deposit+RF 20,316.99
$3,0001.02%$0.00RF 3,132,036.00with debit card to bank deposit+RF 52,842.77
$10,0000.27%$0.00RF 10,516,714.14with bank transfer to bank deposit+RF 251,978.42
$50,0000.25%$0.00RF 52,605,339.59with bank transfer to bank deposit+RF 1,378,841.46

Mid-market rate: 1 CAD = 1054.3686 RWF

CAD/RWF Exchange Rate History

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

The cheapest way to send CAD to RWF 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 Remitly), across 30 days of comparisons for 1,000 CAD transfers to Rwanda.

RWF received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateRF 1,054,368.64 Remitly RF 1,051,260.00RemitlyRF 1,051,260.00TapTap SendRF 1,044,012.00PaysendRF 1,040,969.32

1.01M
1.02M
1.03M
1.04M
1.05M
1.06M
At the mid-market rateWith the cheapest optionRemitlyTapTap SendPaysend
Exchange rateFees:Recipient getsDifference
Mid-market rate 1041.4882 – RF 1,041,488.19
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 5,351.81
TapTap Send 1030.9040 $0.00 RF 1,030,904.00 −RF 10,584.19
Paysend 1029.4586 $0.00 RF 1,029,458.64 −RF 12,029.55
Remitly 1026.6300 $0.00 RF 1,026,630.00 −RF 14,858.19
Exchange rateFees:Recipient getsDifference
Mid-market rate 1040.4441 – RF 1,040,444.09
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 6,395.91
TapTap Send 1030.3570 $0.00 RF 1,030,357.00 −RF 10,087.09
Paysend 1029.6038 $0.00 RF 1,029,603.79 −RF 10,840.30
Remitly 1025.2400 $0.00 RF 1,025,240.00 −RF 15,204.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 1035.5201 – RF 1,035,520.09
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 11,319.91
TapTap Send 1028.5160 $0.00 RF 1,028,516.00 −RF 7,004.09
Paysend 1025.0511 $0.00 RF 1,025,051.06 −RF 10,469.03
Remitly 1022.2300 $0.00 RF 1,022,230.00 −RF 13,290.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 1043.2488 – RF 1,043,248.83
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 3,591.17
TapTap Send 1033.1310 $0.00 RF 1,033,131.00 −RF 10,117.83
Paysend 1027.2140 $0.00 RF 1,027,214.00 −RF 16,034.83
Remitly 1027.0400 $0.00 RF 1,027,040.00 −RF 16,208.83
Exchange rateFees:Recipient getsDifference
Mid-market rate 1035.1964 – RF 1,035,196.38
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 11,643.62
Paysend 1027.2728 $0.00 RF 1,027,272.83 −RF 7,923.55
TapTap Send 1024.9890 $0.00 RF 1,024,989.00 −RF 10,207.38
Remitly 1020.3200 $0.00 RF 1,020,320.00 −RF 14,876.38
Exchange rateFees:Recipient getsDifference
Mid-market rate 1037.0707 – RF 1,037,070.69
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 9,769.31
Paysend 1027.2728 $0.00 RF 1,027,272.83 −RF 9,797.86
TapTap Send 1026.9160 $0.00 RF 1,026,916.00 −RF 10,154.69
Remitly 1020.3200 $0.00 RF 1,020,320.00 −RF 16,750.69
Exchange rateFees:Recipient getsDifference
Mid-market rate 1036.8067 – RF 1,036,806.71
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 10,033.29
Paysend 1025.4738 $0.00 RF 1,025,473.82 −RF 11,332.89
TapTap Send 1025.3650 $0.00 RF 1,025,365.00 −RF 11,441.71
Remitly 1020.3600 $0.00 RF 1,020,360.00 −RF 16,446.71
Exchange rateFees:Recipient getsDifference
Mid-market rate 1032.1228 – RF 1,032,122.76
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 14,717.24
Paysend 1023.1014 $0.00 RF 1,023,101.43 −RF 9,021.33
TapTap Send 1022.8180 $0.00 RF 1,022,818.00 −RF 9,304.76
Remitly 1018.9700 $0.00 RF 1,018,970.00 −RF 13,152.76
Exchange rateFees:Recipient getsDifference
Mid-market rate 1037.1803 – RF 1,037,180.28
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 9,659.72
TapTap Send 1026.9130 $0.00 RF 1,026,913.00 −RF 10,267.28
Paysend 1025.9504 $0.00 RF 1,025,950.37 −RF 11,229.91
Remitly 1023.4900 $0.00 RF 1,023,490.00 −RF 13,690.28
Exchange rateFees:Recipient getsDifference
Mid-market rate 1035.2550 – RF 1,035,255.01
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 11,584.99
Paysend 1024.6083 $0.00 RF 1,024,608.26 −RF 10,646.75
TapTap Send 1024.3370 $0.00 RF 1,024,337.00 −RF 10,918.01
Remitly 1019.9200 $0.00 RF 1,019,920.00 −RF 15,335.01
Exchange rateFees:Recipient getsDifference
Mid-market rate 1035.8228 – RF 1,035,822.78
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 11,017.22
TapTap Send 1025.8880 $0.00 RF 1,025,888.00 −RF 9,934.78
Paysend 1025.8225 $0.00 RF 1,025,822.47 −RF 10,000.31
Remitly 1022.3100 $0.00 RF 1,022,310.00 −RF 13,512.78
Exchange rateFees:Recipient getsDifference
Mid-market rate 1033.5843 – RF 1,033,584.26
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 13,255.74
TapTap Send 1023.0730 $0.00 RF 1,023,073.00 −RF 10,511.26
Paysend 1021.9315 $0.00 RF 1,021,931.51 −RF 11,652.75
Remitly 1020.5500 $0.00 RF 1,020,550.00 −RF 13,034.26
Exchange rateFees:Recipient getsDifference
Mid-market rate 1033.5843 – RF 1,033,584.26
Remitbee Cheapest 1046.8400 $0.00 RF 1,046,840.00 +RF 13,255.74
TapTap Send 1023.0730 $0.00 RF 1,023,073.00 −RF 10,511.26
Paysend 1021.9315 $0.00 RF 1,021,931.51 −RF 11,652.75
Remitly 1020.5500 $0.00 RF 1,020,550.00 −RF 13,034.26
Exchange rateFees:Recipient getsDifference
Mid-market rate 1034.2710 – RF 1,034,270.99
Paysend Cheapest 1023.1156 $0.00 RF 1,023,115.59 −RF 11,155.40
TapTap Send 1022.8380 $0.00 RF 1,022,838.00 −RF 11,432.99
Remitly 1020.2300 $0.00 RF 1,020,230.00 −RF 14,040.99
Exchange rateFees:Recipient getsDifference
Mid-market rate 1035.5014 – RF 1,035,501.43
Remitly Cheapest 1035.0000 $0.00 RF 1,035,000.00 −RF 501.43
TapTap Send 1024.8430 $0.00 RF 1,024,843.00 −RF 10,658.43
Paysend 1024.3815 $0.00 RF 1,024,381.51 −RF 11,119.92
Exchange rateFees:Recipient getsDifference
Mid-market rate 1038.1032 – RF 1,038,103.17
Remitly Cheapest 1039.8500 $0.00 RF 1,039,850.00 +RF 1,746.83
Paysend 1028.7079 $0.00 RF 1,028,707.91 −RF 9,395.26
TapTap Send 1027.9730 $0.00 RF 1,027,973.00 −RF 10,130.17
Exchange rateFees:Recipient getsDifference
Mid-market rate 1037.5451 – RF 1,037,545.06
Remitly Cheapest 1038.9500 $0.00 RF 1,038,950.00 +RF 1,404.94
TapTap Send 1029.5750 $0.00 RF 1,029,575.00 −RF 7,970.06
Paysend 1027.8397 $0.00 RF 1,027,839.71 −RF 9,705.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 1041.0632 – RF 1,041,063.19
Remitly Cheapest 1042.4600 $0.00 RF 1,042,460.00 +RF 1,396.81
TapTap Send 1030.3570 $0.00 RF 1,030,357.00 −RF 10,706.19
Paysend 1029.4251 $0.00 RF 1,029,425.10 −RF 11,638.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 1044.0989 – RF 1,044,098.94
Remitly Cheapest 1044.9200 $0.00 RF 1,044,920.00 +RF 821.06
TapTap Send 1033.6580 $0.00 RF 1,033,658.00 −RF 10,440.94
Paysend 1032.1786 $0.00 RF 1,032,178.59 −RF 11,920.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 1044.0989 – RF 1,044,098.94
Remitly Cheapest 1044.9200 $0.00 RF 1,044,920.00 +RF 821.06
TapTap Send 1033.6580 $0.00 RF 1,033,658.00 −RF 10,440.94
Paysend 1032.1786 $0.00 RF 1,032,178.59 −RF 11,920.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 1050.5639 – RF 1,050,563.92
Remitly Cheapest 1049.7100 $0.00 RF 1,049,710.00 −RF 853.92
TapTap Send 1038.9290 $0.00 RF 1,038,929.00 −RF 11,634.92
Paysend 1034.9601 $0.00 RF 1,034,960.05 −RF 15,603.87
Exchange rateFees:Recipient getsDifference
Mid-market rate 1047.5220 – RF 1,047,521.99
Remitly Cheapest 1049.8500 $0.00 RF 1,049,850.00 +RF 2,328.01
TapTap Send 1038.6310 $0.00 RF 1,038,631.00 −RF 8,890.99
Paysend 1038.3027 $0.00 RF 1,038,302.68 −RF 9,219.31
Exchange rateFees:Recipient getsDifference
Mid-market rate 1048.2638 – RF 1,048,263.79
Remitly Cheapest 1050.7600 $0.00 RF 1,050,760.00 +RF 2,496.21
Paysend 1039.8536 $0.00 RF 1,039,853.60 −RF 8,410.19
TapTap Send 1037.5180 $0.00 RF 1,037,518.00 −RF 10,745.79
Exchange rateFees:Recipient getsDifference
Mid-market rate 1054.1333 – RF 1,054,133.35
Remitly Cheapest 1055.4800 $0.00 RF 1,055,480.00 +RF 1,346.65
TapTap Send 1043.1810 $0.00 RF 1,043,181.00 −RF 10,952.35
Paysend 1040.5045 $0.00 RF 1,040,504.55 −RF 13,628.80
Exchange rateFees:Recipient getsDifference
Mid-market rate 1053.9266 – RF 1,053,926.62
Remitly Cheapest 1054.7800 $0.00 RF 1,054,780.00 +RF 853.38
TapTap Send 1044.0390 $0.00 RF 1,044,039.00 −RF 9,887.62
Paysend 1043.1182 $0.00 RF 1,043,118.21 −RF 10,808.41
Exchange rateFees:Recipient getsDifference
Mid-market rate 1054.3926 – RF 1,054,392.55
Remitly Cheapest 1055.6300 $0.00 RF 1,055,630.00 +RF 1,237.45
TapTap Send 1043.8460 $0.00 RF 1,043,846.00 −RF 10,546.55
Paysend 1042.1782 $0.00 RF 1,042,178.15 −RF 12,214.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 1054.3926 – RF 1,054,392.55
Remitly Cheapest 1055.6300 $0.00 RF 1,055,630.00 +RF 1,237.45
TapTap Send 1043.8460 $0.00 RF 1,043,846.00 −RF 10,546.55
Paysend 1042.1782 $0.00 RF 1,042,178.15 −RF 12,214.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 1052.3478 – RF 1,052,347.82
Remitly Cheapest 1056.7400 $0.00 RF 1,056,740.00 +RF 4,392.18
TapTap Send 1041.8760 $0.00 RF 1,041,876.00 −RF 10,471.82
Paysend 1041.7318 $0.00 RF 1,041,731.84 −RF 10,615.98
Exchange rateFees:Recipient getsDifference
Mid-market rate 1056.7304 – RF 1,056,730.40
Remitly Cheapest 1057.3500 $0.00 RF 1,057,350.00 +RF 619.60
TapTap Send 1046.3910 $0.00 RF 1,046,391.00 −RF 10,339.40
Paysend 1042.9142 $0.00 RF 1,042,914.22 −RF 13,816.18
Exchange rateFees:Recipient getsDifference
Mid-market rate 1054.3686 – RF 1,054,368.64
Remitly Cheapest 1051.2600 $0.00 RF 1,051,260.00 −RF 3,108.64
TapTap Send 1044.0120 $0.00 RF 1,044,012.00 −RF 10,356.64
Paysend 1040.9693 $0.00 RF 1,040,969.32 −RF 13,399.32

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 RWF per CAD than the mid-market rate can offer.

This could be due to money transfer offers, FX rate adjustments, or market competitiveness.

In the past month, a money transfer company beat the mid-market rate on 26 of the last 30 days.

Right now, Remitly pays 1,051,260 RWF on 1,000 CAD, which is 3,108.64 RWF less than the mid-market amount.

Today's payout isn't the best this month though, since the highest receive amount was 1,057,350 RWF.

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 Rwanda.

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

  1. RemitlyAppeared in 109 comparisons

    Cheapest in 57% of them

  2. TapTap SendAppeared in 178 comparisons

    Cheapest in 1% of them

  3. PaysendAppeared in 92 comparisons

    Cheapest in 2% 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 Remitly is the cheapest and gets you the most RWF, and it was also the cheapest in 57% of the 109 comparisons it appeared in over the past month.

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

TapTap Send (today's second cheapest) was the cheapest in only 1% of its comparisons, so it's rarely the cheapest option for transfers to Rwanda.

Ways to send money from Canada to Rwanda

There are 8 companies sending money to Rwanda, 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 Remitly location, and your recipient picks up 1,051,260 RWF within minutes.

Our data shows Remitly came out cheapest among in-person options on 53% of days in the past month.

Cash transfers cost more

Cash transfer to Rwanda 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.

Remitly charges CA$0 in fees and adds 0.3% markup, so your CA$1,000 delivers 1,051,260 RWF in within a week.

Over the past month, Remitly was the cheapest app on 53% 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 8 companies we compared, Remitly is the cheapest online service and currently gets you 1,051,260 RWF on a CA$1,000 transfer after a CA$0 fee and 0.3% markup.

In our comparisons over the past month, it was the cheapest online service on 16 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.

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

Global accounts handle the business side, paying suppliers, contractors and overseas invoices in RWF.

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

For example, converting $1,000 costs $36.16 in fees at 0.46% markup, which gets you 1,011,579 RWF.

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

Ways to fund CAD and receive RWF in Rwanda

With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 1,051,260 RWF.

Deposit CAD using debit card, bank transfer, credit card, interac, bill payment, 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 RWF through bank deposit, mobile money, mobile wallet, and cash pickup.

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

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    R₣1,051,260

    Cheapest

  2. 2
    Interac Bank deposit

    You pay CA$1,000.00

    R₣1,051,260

    R₣0

  3. 3
    debit card Bank deposit

    You pay CA$1,000.00

    R₣1,044,012

    -R₣7,248

  4. 4
    debit card Mobile money

    You pay CA$1,000.00

    R₣1,044,012

    -R₣7,248

  5. 5
    credit card Bank deposit

    You pay CA$1,020.00

    R₣1,043,830

    -R₣7,430

Show moreShow less
  1. 6
    Bill payment Bank deposit

    You pay CA$1,000.00

    R₣1,033,592

    -R₣17,668

  2. 7
    debit card Mobile wallet

    You pay CA$1,001.99

    R₣1,031,877

    -R₣19,383

  3. 8
    credit card Mobile wallet

    You pay CA$1,001.99

    R₣1,031,877

    -R₣19,383

  4. 9
    Cash deposit Mobile wallet

    You pay CA$1,001.99

    R₣1,031,877

    -R₣19,383

  5. 10
    Cash deposit Bank deposit

    You pay CA$1,004.99

    R₣1,031,875

    -R₣19,385

  6. 11
    debit card Cash pickup

    You pay CA$1,005.99

    R₣1,031,844

    -R₣19,416

  7. 12
    credit card Cash pickup

    You pay CA$1,005.99

    R₣1,031,844

    -R₣19,416

  8. 13
    Cash deposit Cash pickup

    You pay CA$1,005.99

    R₣1,031,844

    -R₣19,416

Consider this when sending CAD to Rwanda

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/RWF transfer options

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

Best way to send money to Rwanda

Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 1,051,260 RWF, which is 0.69% more than the next best option.

Fastest way to send money to Rwanda

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 1,044,012 RWF in minutes.

Interac only works inside Canada

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

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 8 FINTRAC-registered companies sending CAD to Rwanda, 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/RWF 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.