How to send money to Serbia from Canada with the best CAD-RSD rate

Remitly is the cheapest way to send money from Canada to Serbia based on the 4 companies we analyzed, giving your recipient 74,950 RSD from CA$1,000.

Best companies for CAD/RSD transfers

4 of 4 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/RSD transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $38.88 1 CAD = 75.1609 RSD +0.01% vs mid-market Recipient gets RSD 72,238.64 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$38.881 CAD = 75.1609 RSD
RSD 72,238.64You pay$1,000.00
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Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 74.9500 RSD +0.29% vs mid-market Recipient gets RSD 74,950.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 74.9500 RSD
RSD 74,950.00You pay$1,000.00

Run a live search

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

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 74.9500 RSD +0.29% vs mid-market Recipient gets RSD 74,950.00 Within minutes
CheapestFastest
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 74.9500 RSD
RSD 74,950.00You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 74.9500 RSD +0.29% vs mid-market Recipient gets RSD 74,950.00 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 74.9500 RSD
RSD 74,950.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 74.9500 RSD +0.29% vs mid-market Recipient gets RSD 74,950.00 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 74.9500 RSD
RSD 74,950.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 74.9500 RSD +0.29% vs mid-market Recipient gets RSD 74,950.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 74.9500 RSD
RSD 74,950.00You pay$1,020.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 74.7094 RSD +0.61% vs mid-market Recipient gets RSD 74,709.40 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 74.7094 RSD
RSD 74,709.40You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 74.7094 RSD +0.61% vs mid-market Recipient gets RSD 74,709.40 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 74.7094 RSD
RSD 74,709.40You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $5.99 1 CAD = 72.2805 RSD +3.92% vs mid-market Recipient gets RSD 72,280.50 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 72.2805 RSD
RSD 72,280.50You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $5.99 1 CAD = 72.2805 RSD +3.92% vs mid-market Recipient gets RSD 72,280.50 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 72.2805 RSD
RSD 72,280.50You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $5.99 1 CAD = 72.2805 RSD +3.92% vs mid-market Recipient gets RSD 72,280.50 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 72.2805 RSD
RSD 72,280.50You pay$1,005.99

Wise

Pay via Bank Transfer
Fees: $38.88 1 CAD = 75.1609 RSD +0.01% vs mid-market Recipient gets RSD 72,238.64 Within a week
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$38.881 CAD = 75.1609 RSD
RSD 72,238.64You pay$1,000.00

Wise

Pay via Interac
Fees: $44.41 1 CAD = 75.1609 RSD +0.01% vs mid-market Recipient gets RSD 71,823.00 Next day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:SWIFT
$44.411 CAD = 75.1609 RSD
RSD 71,823.00You pay$1,000.00

Wise

Pay via Debit Card
Fees: $49.30 1 CAD = 75.1609 RSD +0.01% vs mid-market Recipient gets RSD 71,455.47 Next day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:SWIFT
$49.301 CAD = 75.1609 RSD
RSD 71,455.47You pay$1,000.00

Wise

Pay via Credit Card
Fees: $63.28 1 CAD = 75.1609 RSD +0.01% vs mid-market Recipient gets RSD 70,404.72 Next day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext dayAvailable via:SWIFT
$63.281 CAD = 75.1609 RSD
RSD 70,404.72You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 75.1684 RSD Updates every 60 minutes.

How to send money from Canada to Serbia

Pick a company

Start with the cheapest, which is Remitly at 74,950 RSD on CA$1,000.

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

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 debit card, credit card, bank transfer, 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 Serbia?

How much CAD you send to Serbia 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 56% of all the transfers it quoted.

Cheapest service
$1000.26%$0.00RSD 7,498.00with debit card to bank deposit+RSD 429.74
$5000.29%$0.00RSD 37,480.00with debit card to bank deposit+RSD 887.22
$1,000This page0.29%$0.00RSD 74,950.00with debit card to bank deposit+RSD 1,720.61
$3,0001.61%$0.00RSD 221,850.00with debit card to bank deposit+RSD 3,061.55
$10,0000.27%$0.00RSD 749,909.43with bank transfer to bank deposit+RSD 20,128.61
$50,0000.25%$0.00RSD 3,747,341.97with bank transfer to bank deposit+RSD 88,953.57

Mid-market rate: 1 CAD = 75.1684 RSD

CAD/RSD Exchange Rate History

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

The cheapest way to send CAD to RSD 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 Serbia.

RSD received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateRSD 75,168.43 Remitly RSD 74,950.00RemitlyRSD 74,950.00PaysendRSD 74,709.40MoneyGramRSD 72,280.50

69,000
70,000
71,000
72,000
73,000
74,000
75,000
76,000
At the mid-market rateWith the cheapest optionRemitlyPaysendMoneyGram
Exchange rateFees:Recipient getsDifference
Mid-market rate 72.9098 – RSD 72,909.85
Paysend Cheapest 72.4964 $0.00 RSD 72,496.42 −RSD 413.43
Remitly 71.1600 $1.99 RSD 71,160.00 −RSD 1,749.85
MoneyGram 70.6398 $5.99 RSD 70,639.80 −RSD 2,270.04
Exchange rateFees:Recipient getsDifference
Mid-market rate 72.9685 – RSD 72,968.53
Paysend Cheapest 72.5907 $0.00 RSD 72,590.74 −RSD 377.78
Remitly 71.3200 $1.99 RSD 71,320.00 −RSD 1,648.52
MoneyGram 70.4462 $5.99 RSD 70,446.20 −RSD 2,522.32
Exchange rateFees:Recipient getsDifference
Mid-market rate 72.9210 – RSD 72,920.96
Paysend Cheapest 72.4965 $0.00 RSD 72,496.51 −RSD 424.45
Remitly 71.2700 $1.99 RSD 71,270.00 −RSD 1,650.96
MoneyGram 70.3225 $5.99 RSD 70,322.50 −RSD 2,598.46
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.3451 – RSD 73,345.09
Paysend Cheapest 72.9886 $0.00 RSD 72,988.59 −RSD 356.50
Remitly 71.7700 $1.99 RSD 71,770.00 −RSD 1,575.09
MoneyGram 70.9373 $5.99 RSD 70,937.30 −RSD 2,407.79
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.3614 – RSD 73,361.41
Paysend Cheapest 72.7882 $0.00 RSD 72,788.18 −RSD 573.23
Remitly 71.5700 $1.99 RSD 71,570.00 −RSD 1,791.41
MoneyGram 70.0588 $5.99 RSD 70,058.80 −RSD 3,302.61
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.2226 – RSD 73,222.59
Paysend Cheapest 72.7882 $0.00 RSD 72,788.18 −RSD 434.41
Remitly 71.5800 $1.99 RSD 71,580.00 −RSD 1,642.59
MoneyGram 70.0588 $5.99 RSD 70,058.80 −RSD 3,163.79
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.6007 – RSD 73,600.65
Paysend Cheapest 73.1795 $0.00 RSD 73,179.49 −RSD 421.16
Remitly 71.9300 $1.99 RSD 71,930.00 −RSD 1,670.65
MoneyGram 70.0588 $5.99 RSD 70,058.80 −RSD 3,541.85
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.4010 – RSD 73,401.03
Paysend Cheapest 72.9362 $0.00 RSD 72,936.22 −RSD 464.81
Remitly 71.6800 $0.00 RSD 71,680.00 −RSD 1,721.03
MoneyGram 70.7571 $5.99 RSD 70,757.10 −RSD 2,643.93
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.5561 – RSD 73,556.11
Paysend Cheapest 73.1095 $0.00 RSD 73,109.51 −RSD 446.60
Remitly 71.9000 $1.99 RSD 71,900.00 −RSD 1,656.11
MoneyGram 70.8311 $5.99 RSD 70,831.10 −RSD 2,725.01
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.5121 – RSD 73,512.13
Paysend Cheapest 73.0541 $0.00 RSD 73,054.10 −RSD 458.03
Remitly 71.7400 $0.00 RSD 71,740.00 −RSD 1,772.13
MoneyGram 70.7800 $5.99 RSD 70,780.00 −RSD 2,732.13
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.5577 – RSD 73,557.69
Paysend Cheapest 73.1212 $0.00 RSD 73,121.24 −RSD 436.45
Remitly 71.9000 $1.99 RSD 71,900.00 −RSD 1,657.69
MoneyGram 71.1350 $5.99 RSD 71,135.00 −RSD 2,422.69
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.4351 – RSD 73,435.10
Paysend Cheapest 73.0618 $0.00 RSD 73,061.79 −RSD 373.31
Remitly 71.7600 $0.00 RSD 71,760.00 −RSD 1,675.10
MoneyGram 70.8757 $5.99 RSD 70,875.70 −RSD 2,559.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.4351 – RSD 73,435.10
Paysend Cheapest 73.0618 $0.00 RSD 73,061.79 −RSD 373.31
Remitly 71.7600 $0.00 RSD 71,760.00 −RSD 1,675.10
MoneyGram 70.8757 $5.99 RSD 70,875.70 −RSD 2,559.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.5646 – RSD 73,564.60
Paysend Cheapest 73.1360 $0.00 RSD 73,135.97 −RSD 428.63
Remitly 71.8000 $0.00 RSD 71,800.00 −RSD 1,764.60
MoneyGram 70.8757 $5.99 RSD 70,875.70 −RSD 2,688.90
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.6048 – RSD 73,604.77
Remitly Cheapest 73.4000 $0.00 RSD 73,400.00 −RSD 204.77
Paysend 73.1595 $0.00 RSD 73,159.46 −RSD 445.31
MoneyGram 71.0737 $5.99 RSD 71,073.70 −RSD 2,531.07
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.7179 – RSD 73,717.86
Remitly Cheapest 73.5100 $0.00 RSD 73,510.00 −RSD 207.86
Paysend 73.2760 $0.00 RSD 73,276.02 −RSD 441.84
MoneyGram 70.9164 $5.99 RSD 70,916.40 −RSD 2,801.46
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.7192 – RSD 73,719.19
Remitly Cheapest 73.4800 $0.00 RSD 73,480.00 −RSD 239.19
Paysend 73.2666 $0.00 RSD 73,266.61 −RSD 452.58
MoneyGram 71.3066 $5.99 RSD 71,306.60 −RSD 2,412.59
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.7262 – RSD 73,726.18
Remitly Cheapest 73.5300 $1.99 RSD 73,530.00 −RSD 196.18
Paysend 73.2765 $0.00 RSD 73,276.46 −RSD 449.71
MoneyGram 71.1514 $5.99 RSD 71,151.40 −RSD 2,574.78
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.7850 – RSD 73,785.00
Remitly Cheapest 73.7100 $0.00 RSD 73,710.00 −RSD 75.00
Paysend 73.4440 $0.00 RSD 73,443.96 −RSD 341.04
MoneyGram 71.1000 $5.99 RSD 71,100.00 −RSD 2,685.00
Exchange rateFees:Recipient getsDifference
Mid-market rate 73.7850 – RSD 73,785.00
Remitly Cheapest 73.7000 $1.99 RSD 73,700.00 −RSD 85.00
Paysend 73.4440 $0.00 RSD 73,443.96 −RSD 341.04
MoneyGram 71.1000 $5.99 RSD 71,100.00 −RSD 2,685.00
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.2245 – RSD 74,224.54
Remitly Cheapest 73.9500 $1.99 RSD 73,950.00 −RSD 274.54
Paysend 73.7476 $0.00 RSD 73,747.61 −RSD 476.93
MoneyGram 71.1000 $5.99 RSD 71,100.00 −RSD 3,124.54
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.2590 – RSD 74,258.99
Remitly Cheapest 74.0400 $1.99 RSD 74,040.00 −RSD 218.99
Paysend 73.8143 $0.00 RSD 73,814.33 −RSD 444.66
MoneyGram No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.4228 – RSD 74,422.82
Remitly Cheapest 74.1600 $0.00 RSD 74,160.00 −RSD 262.82
Paysend 73.9776 $0.00 RSD 73,977.62 −RSD 445.20
MoneyGram 71.4915 $5.99 RSD 71,491.50 −RSD 2,931.32
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.4927 – RSD 74,492.65
Remitly Cheapest 74.2300 $1.99 RSD 74,230.00 −RSD 262.65
Paysend 74.0445 $0.00 RSD 74,044.46 −RSD 448.19
MoneyGram 72.0851 $5.99 RSD 72,085.10 −RSD 2,407.55
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.7770 – RSD 74,776.97
Remitly Cheapest 74.5400 $1.99 RSD 74,540.00 −RSD 236.97
Paysend 74.3305 $0.00 RSD 74,330.45 −RSD 446.52
MoneyGram 71.8919 $5.99 RSD 71,891.90 −RSD 2,885.07
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.8994 – RSD 74,899.42
Remitly Cheapest 74.6000 $0.00 RSD 74,600.00 −RSD 299.42
Paysend 74.4536 $0.00 RSD 74,453.62 −RSD 445.80
MoneyGram 71.9231 $5.99 RSD 71,923.10 −RSD 2,976.32
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.8994 – RSD 74,899.42
Remitly Cheapest 74.6100 $1.99 RSD 74,610.00 −RSD 289.42
Paysend 74.4536 $0.00 RSD 74,453.62 −RSD 445.80
MoneyGram 71.9231 $5.99 RSD 71,923.10 −RSD 2,976.32
Exchange rateFees:Recipient getsDifference
Mid-market rate 74.7801 – RSD 74,780.14
Remitly Cheapest 74.5400 $0.00 RSD 74,540.00 −RSD 240.14
Paysend 74.4217 $0.00 RSD 74,421.73 −RSD 358.41
MoneyGram 71.9231 $5.99 RSD 71,923.10 −RSD 2,857.04
Exchange rateFees:Recipient getsDifference
Mid-market rate 75.0883 – RSD 75,088.29
Remitly Cheapest 74.8700 $0.00 RSD 74,870.00 −RSD 218.29
Paysend 74.6274 $0.00 RSD 74,627.43 −RSD 460.86
MoneyGram 72.3180 $5.99 RSD 72,318.00 −RSD 2,770.29
Exchange rateFees:Recipient getsDifference
Mid-market rate 75.1684 – RSD 75,168.43
Remitly Cheapest 74.9500 $0.00 RSD 74,950.00 −RSD 218.43
Paysend 74.7094 $0.00 RSD 74,709.40 −RSD 459.03
MoneyGram 72.2805 $5.99 RSD 72,280.50 −RSD 2,887.93

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 RSD 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 RSD on every transfer from Canada.

Right now, Remitly pays 74,950 RSD on 1,000 CAD, which is 218.43 RSD less than the mid-market amount.

Today's payout is the highest in the past month.

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 Serbia.

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 56% of them

  2. PaysendAppeared in 91 comparisons

    Cheapest in 48% of them

  3. MoneyGramAppeared in 178 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 Remitly is the cheapest and gets you the most RSD, and it was also the cheapest in 56% of the 109 comparisons it appeared in over the past month.

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

Paysend (today's second cheapest) was the cheapest in only 48% of its comparisons, so it's rarely the cheapest option for transfers to Serbia.

Ways to send money from Canada to Serbia

There are 4 companies sending money to Serbia, 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 74,950 RSD within minutes.

Our data shows Remitly came out cheapest among in-person options on 100% of days in the past month.

Cash transfers cost more

Cash transfer to Serbia 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 0.29% markup, so your CA$1,000 delivers 74,950 RSD in within an hour.

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 4 companies we compared, Remitly is the cheapest online service and currently gets you 74,950 RSD on a CA$1,000 transfer after a CA$0 fee and 0.29% 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 RSD.

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

For example, converting $1,000 costs $38.88 in fees at 0.01% markup, which gets you 72,238.64 RSD.

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

Ways to fund CAD and receive RSD in Serbia

With Remitly, paying by debit card and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 74,950 RSD.

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

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

  1. 1
    debit card Bank deposit

    You pay CA$1,000.00

    din.74,950

    Cheapest

  2. 2
    Bank transfer Bank deposit

    You pay CA$1,000.00

    din.74,950

    din.0

  3. 3
    Interac Bank deposit

    You pay CA$1,000.00

    din.74,950

    din.0

  4. 4
    credit card Bank deposit

    You pay CA$1,020.00

    din.74,950

    din.0

  5. 5
    debit card Cash pickup

    You pay CA$1,005.99

    din.72,281

    -din.2,670

Show moreShow less
  1. 6
    credit card Cash pickup

    You pay CA$1,005.99

    din.72,281

    -din.2,670

  2. 7
    Cash deposit Cash pickup

    You pay CA$1,005.99

    din.72,281

    -din.2,670

Consider this when sending CAD to Serbia

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/RSD transfer options

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

Best way to send money to Serbia

Remitly is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 74,950 RSD, which is 0.32% more than the next best option.

Fastest way to send money to Serbia

Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 74,950 RSD in within an hour.

Interac only works inside Canada

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

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 4 FINTRAC-registered companies sending CAD to Serbia, 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/RSD 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.