How to send money to Seychelles from Canada with the best CAD-SCR rate

Wise is the cheapest way to send money from Canada to Seychelles based on the 4 companies we analyzed, giving your recipient 9,889.05 SCR from CA$1,000.

Best companies for CAD/SCR transfers

4 of 4 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/SCR transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $35.77 1 CAD = 10.2559 SCR -3.91% vs mid-market Recipient gets SCR 9,889.05 Next week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext weekAvailable via:SWIFT
$35.771 CAD = 10.2559 SCR
SCR 9,889.05You pay$1,000.00
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Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 10.0368 SCR -1.75% vs mid-market Recipient gets SCR 10,036.80 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 10.0368 SCR
SCR 10,036.80You pay$1,000.00

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Showing top Canada to Seychelles deals for 1,000 CAD. Do a live search with your exact amount for today's best rates.
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $5.99 1 CAD = 10.3796 SCR -5.11% vs mid-market Recipient gets SCR 10,379.60 6-12 Hours
Cheapest

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 10.3796 SCR
SCR 10,379.60You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $5.99 1 CAD = 10.3796 SCR -5.11% vs mid-market Recipient gets SCR 10,379.60 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 10.3796 SCR
SCR 10,379.60You pay$1,005.99
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $5.99 1 CAD = 10.3796 SCR -5.11% vs mid-market Recipient gets SCR 10,379.60 6-12 Hours

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

MethodFee & ratesRecipient gets
Cash pickup6-12 Hours
$5.991 CAD = 10.3796 SCR
SCR 10,379.60You pay$1,005.99

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 10.0368 SCR -1.75% vs mid-market Recipient gets SCR 10,036.80 Within minutes
Fastest
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 10.0368 SCR
SCR 10,036.80You pay$1,000.00

Remitly

Pay via Bank Transfer
Fees: $0.00 1 CAD = 10.0368 SCR -1.75% vs mid-market Recipient gets SCR 10,036.80 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 10.0368 SCR
SCR 10,036.80You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 10.0368 SCR -1.75% vs mid-market Recipient gets SCR 10,036.80 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 10.0368 SCR
SCR 10,036.80You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 10.0368 SCR -1.75% vs mid-market Recipient gets SCR 10,036.80 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 10.0368 SCR
SCR 10,036.80You pay$1,020.00

Wise

Pay via Bank Transfer
Fees: $35.77 1 CAD = 10.2559 SCR -3.91% vs mid-market Recipient gets SCR 9,889.05 Next week
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositNext weekAvailable via:SWIFT
$35.771 CAD = 10.2559 SCR
SCR 9,889.05You pay$1,000.00

Wise

Pay via Interac
Fees: $41.35 1 CAD = 10.2559 SCR -3.91% vs mid-market Recipient gets SCR 9,831.82 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$41.351 CAD = 10.2559 SCR
SCR 9,831.82You pay$1,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 9.7987 SCR +0.65% vs mid-market Recipient gets SCR 9,798.70 6-12 Hours
Receive to bank account

Ways to receive money in Seychelles with OFX when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 9.7987 SCR
SCR 9,798.70You pay$1,000.00

Wise

Pay via Debit Card
Fees: $46.28 1 CAD = 10.2559 SCR -3.91% vs mid-market Recipient gets SCR 9,781.26 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$46.281 CAD = 10.2559 SCR
SCR 9,781.26You pay$1,000.00

Wise

Pay via Credit Card
Fees: $60.34 1 CAD = 10.2559 SCR -3.91% vs mid-market Recipient gets SCR 9,637.06 Within a week
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin a weekAvailable via:SWIFT
$60.341 CAD = 10.2559 SCR
SCR 9,637.06You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 9.8628 SCR Updates every 60 minutes.

How to send money from Canada to Seychelles

Pick a company

Start with the cheapest, which is Wise at 9,889.05 SCR on CA$1,000.

Wise was the cheapest on 0 of the 30 days it quoted CA$1,000 transfers to Seychelles.

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 Seychelles?

How much CAD you send to Seychelles 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 Wise was the cheapest in 0% of the transfers up to C$1,000 it quoted, and in 0% of all the transfers it quoted.

Cheapest service
$100-5.67%$5.49SCR 1,037.96with debit card to cash pickup+SCR 85.95
$500-5.06%$5.99SCR 5,189.80with debit card to cash pickup+SCR 216.53
$1,000This page-5.11%$5.99SCR 10,379.60with debit card to cash pickup+SCR 360.94
$3,000-5.66%$5.99SCR 31,138.80with debit card to cash pickup+SCR 1,138.93
$10,000-5.09%$5.99SCR 103,796.00with debit card to cash pickup+SCR 2,960.02
$50,000-5.66%$5.99SCR 518,980.00with debit card to cash pickup+SCR 13,443.92

Mid-market rate: 1 CAD = 9.8628 SCR

CAD/SCR Exchange Rate History

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

The cheapest way to send CAD to SCR 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 Wise), across 30 days of comparisons for 1,000 CAD transfers to Seychelles.

SCR received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rateSCR 9,862.81 MoneyGram SCR 10,379.60MoneyGramSCR 10,379.60RemitlySCR 10,036.80WiseSCR 9,889.05

9,400
9,600
9,800
10,000
10,200
10,400
10,600
At the mid-market rateWith the cheapest optionMoneyGramRemitlyWise
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7968 – SCR 9,796.78
MoneyGram Cheapest 10.1784 $5.99 SCR 10,178.40 +SCR 381.62
Remitly 9.8626 $0.00 SCR 9,862.60 +SCR 65.82
Wise 10.1373 $39.52 SCR 9,736.67 −SCR 60.11
Exchange rateFees:Recipient getsDifference
Mid-market rate 10.0761 – SCR 10,076.14
Remitly Cheapest 10.1460 $0.00 SCR 10,146.00 +SCR 69.86
MoneyGram 9.9901 $5.99 SCR 9,990.10 −SCR 86.04
Wise 10.2824 $66.50 SCR 9,598.62 −SCR 477.52
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8909 – SCR 9,890.86
MoneyGram Cheapest 10.2499 $5.99 SCR 10,249.90 +SCR 359.04
Remitly 9.8308 $0.00 SCR 9,830.80 −SCR 60.06
Wise 10.2051 $60.31 SCR 9,589.63 −SCR 301.23
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7507 – SCR 9,750.74
MoneyGram Cheapest 10.1900 $5.99 SCR 10,190.00 +SCR 439.26
Remitly 9.8198 $0.00 SCR 9,819.80 +SCR 69.06
Wise 9.9794 $25.59 SCR 9,724.02 −SCR 26.72
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.6676 – SCR 9,667.64
MoneyGram Cheapest 10.1001 $5.99 SCR 10,100.10 +SCR 432.47
Remitly 10.0395 $0.00 SCR 10,039.50 +SCR 371.86
Wise 9.8869 $25.62 SCR 9,633.59 −SCR 34.05
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.6415 – SCR 9,641.54
MoneyGram Cheapest 10.1001 $5.99 SCR 10,100.10 +SCR 458.57
Remitly 10.0395 $0.00 SCR 10,039.50 +SCR 397.97
Wise 9.8869 $25.62 SCR 9,633.59 −SCR 7.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7662 – SCR 9,766.19
MoneyGram Cheapest 10.1001 $5.99 SCR 10,100.10 +SCR 333.91
Remitly 9.8302 $0.00 SCR 9,830.20 +SCR 64.01
Wise 10.0675 $38.18 SCR 9,683.12 −SCR 83.07
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7383 – SCR 9,738.26
MoneyGram Cheapest 10.2201 $5.99 SCR 10,220.10 +SCR 481.84
Remitly 9.8093 $0.00 SCR 9,809.30 +SCR 71.04
Wise 10.0053 $25.64 SCR 9,748.76 +SCR 10.50
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7663 – SCR 9,766.34
MoneyGram Cheapest 10.2598 $5.99 SCR 10,259.80 +SCR 493.46
Remitly 9.8679 $0.00 SCR 9,867.90 +SCR 101.56
Wise 10.0964 $25.60 SCR 9,837.93 +SCR 71.59
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7115 – SCR 9,711.49
MoneyGram Cheapest 10.3483 $5.99 SCR 10,348.30 +SCR 636.81
Remitly 9.7772 $0.00 SCR 9,777.20 +SCR 65.71
Wise 9.9980 $25.62 SCR 9,741.89 +SCR 30.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7905 – SCR 9,790.51
MoneyGram Cheapest 10.3195 $5.99 SCR 10,319.50 +SCR 528.99
Remitly 9.9382 $0.00 SCR 9,938.20 +SCR 147.69
Wise 10.2318 $54.26 SCR 9,676.62 −SCR 113.89
Exchange rateFees:Recipient getsDifference
Mid-market rate 10.2896 – SCR 10,289.58
Remitly Cheapest 10.2269 $0.00 SCR 10,226.90 −SCR 62.68
MoneyGram 9.9500 $5.99 SCR 9,950.00 −SCR 339.58
Wise 10.0520 $26.20 SCR 9,788.64 −SCR 500.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 10.2896 – SCR 10,289.58
Remitly Cheapest 10.2269 $0.00 SCR 10,226.90 −SCR 62.68
MoneyGram 9.9500 $5.99 SCR 9,950.00 −SCR 339.58
Wise 10.0520 $26.20 SCR 9,788.64 −SCR 500.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9892 – SCR 9,989.18
MoneyGram Cheapest 9.9500 $5.99 SCR 9,950.00 −SCR 39.17
Remitly 9.9127 $0.00 SCR 9,912.70 −SCR 76.47
Wise 10.2054 $50.46 SCR 9,690.44 −SCR 298.73
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7386 – SCR 9,738.65
MoneyGram Cheapest 10.3183 $5.99 SCR 10,318.30 +SCR 579.65
Remitly 9.8245 $0.00 SCR 9,824.50 +SCR 85.85
Wise 10.0290 $54.03 SCR 9,487.13 −SCR 251.52
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.7391 – SCR 9,739.08
MoneyGram Cheapest 10.0403 $5.99 SCR 10,040.30 +SCR 301.22
Remitly 9.8477 $0.00 SCR 9,847.70 +SCR 108.62
Wise 10.1968 $46.66 SCR 9,721.02 −SCR 18.06
Exchange rateFees:Recipient getsDifference
Mid-market rate 10.0595 – SCR 10,059.49
MoneyGram Cheapest 10.2302 $5.99 SCR 10,230.20 +SCR 170.71
Remitly 9.9988 $0.00 SCR 9,998.80 −SCR 60.69
Wise 10.1924 $47.42 SCR 9,709.08 −SCR 350.41
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8805 – SCR 9,880.55
MoneyGram Cheapest 10.2903 $5.99 SCR 10,290.30 +SCR 409.75
Remitly 9.9687 $0.00 SCR 9,968.70 +SCR 88.15
Wise 10.1238 $38.39 SCR 9,735.15 −SCR 145.40
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8220 – SCR 9,822.02
Remitly Cheapest 10.3646 $0.00 SCR 10,364.60 +SCR 542.58
MoneyGram 10.1603 $5.99 SCR 10,160.30 +SCR 338.28
Wise 10.1618 $28.62 SCR 9,870.97 +SCR 48.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8220 – SCR 9,822.02
Remitly Cheapest 10.3646 $0.00 SCR 10,364.60 +SCR 542.58
MoneyGram 10.1603 $5.99 SCR 10,160.30 +SCR 338.28
Wise 10.1618 $28.62 SCR 9,870.97 +SCR 48.95
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9314 – SCR 9,931.40
MoneyGram Cheapest 10.1603 $5.99 SCR 10,160.30 +SCR 228.90
Remitly 10.0197 $0.00 SCR 10,019.70 +SCR 88.30
Wise 10.3553 $56.71 SCR 9,768.05 −SCR 163.35
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8664 – SCR 9,866.41
MoneyGram Cheapest 10.2803 $5.99 SCR 10,280.30 +SCR 413.89
Remitly 9.9556 $0.00 SCR 9,955.60 +SCR 89.19
Wise 10.2033 $25.49 SCR 9,943.22 +SCR 76.81
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8838 – SCR 9,883.80
MoneyGram Cheapest 10.4101 $5.99 SCR 10,410.10 +SCR 526.30
Remitly 9.9729 $0.00 SCR 9,972.90 +SCR 89.10
Wise 10.3223 $47.58 SCR 9,831.16 −SCR 52.64
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9052 – SCR 9,905.18
MoneyGram Cheapest 10.4727 $5.99 SCR 10,472.70 +SCR 567.52
Remitly 9.9948 $0.00 SCR 9,994.80 +SCR 89.62
Wise 10.1951 $39.13 SCR 9,796.17 −SCR 109.01
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9010 – SCR 9,901.01
MoneyGram Cheapest 10.3204 $5.99 SCR 10,320.40 +SCR 419.39
Remitly 9.9928 $0.00 SCR 9,992.80 +SCR 91.79
Wise 10.2521 $27.95 SCR 9,965.55 +SCR 64.54
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9855 – SCR 9,985.53
Remitly Cheapest 10.5179 $0.00 SCR 10,517.90 +SCR 532.37
MoneyGram 10.3133 $5.99 SCR 10,313.30 +SCR 327.77
Wise 10.4549 $63.80 SCR 9,787.88 −SCR 197.65
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9855 – SCR 9,985.53
Remitly Cheapest 10.5179 $0.00 SCR 10,517.90 +SCR 532.37
MoneyGram 10.3133 $5.99 SCR 10,313.30 +SCR 327.77
Wise 10.4549 $63.80 SCR 9,787.88 −SCR 197.65
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9313 – SCR 9,931.35
MoneyGram Cheapest 10.3133 $5.99 SCR 10,313.30 +SCR 381.95
Remitly 10.0189 $0.00 SCR 10,018.90 +SCR 87.55
Wise 10.1877 $25.44 SCR 9,928.52 −SCR 2.83
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.9195 – SCR 9,919.52
MoneyGram Cheapest 10.4699 $5.99 SCR 10,469.90 +SCR 550.38
Remitly 10.0094 $0.00 SCR 10,009.40 +SCR 89.88
Wise 10.3581 $49.11 SCR 9,849.41 −SCR 70.11
Exchange rateFees:Recipient getsDifference
Mid-market rate 9.8628 – SCR 9,862.81
MoneyGram Cheapest 10.3796 $5.99 SCR 10,379.60 +SCR 516.79
Remitly 10.0368 $0.00 SCR 10,036.80 +SCR 173.99
Wise 10.2559 $35.77 SCR 9,889.05 +SCR 26.24

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 SCR 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 27 of the last 30 days.

Right now, Wise pays 9,889.05 SCR on 1,000 CAD, which is 26.24 SCR more than the mid-market amount, so it's a good deal (pretty much free money).

Today's payout isn't the best this month though, since the highest receive amount was 10,517.9 SCR.

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.

If you need to send money now, it's a good time to send.

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 Seychelles.

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

  1. MoneyGramAppeared in 179 comparisons

    Cheapest in 82% of them

  2. RemitlyAppeared in 110 comparisons

    Cheapest in 25% of them

  3. WiseAppeared in 180 comparisons

    Never the cheapest

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 Wise is the cheapest and gets you the most SCR, but it was the cheapest in only 0% of the 180 comparisons it appeared in over the past month.

OFX (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Seychelles.

If it's a one-off transfer, go with Wise, since it's the cheapest right now.

Ways to send money from Canada to Seychelles

There are 4 companies sending money to Seychelles, 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 MoneyGram location, and your recipient picks up 10,379.6 SCR within minutes.

Our data shows MoneyGram came out cheapest among in-person options on 77% of days in the past month.

Cash transfers cost more

Cash transfer to Seychelles 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.

Wise charges CA$35.77 in fees and adds -3.91% markup, so your CA$1,000 delivers 9,889.05 SCR in next week.

Over the past month, Wise was the cheapest app on 0% 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, Wise is the cheapest online service and currently gets you 9,889.05 SCR on a CA$1,000 transfer after a CA$35.77 fee and -3.91% markup.

In our comparisons over the past month, it was the cheapest online service on 0 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.

Brokers like OFX charge no fees but add 0.65% on CAD/SCR interbank rate.

The markup gets lower the more you send, with an account manager handling it end to end.

Our analysis shows OFX was the cheapest broker in 60% of all the transfers it quoted.

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 SCR.

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

For example, converting $1,000 costs $35.77 in fees at -3.91% markup, which gets you 9,889.05 SCR.

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

Ways to fund CAD and receive SCR in Seychelles

With Wise, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 9,889.05 SCR.

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 SCR through bank deposit and cash pickup.

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

  1. 1
    debit card Cash pickup

    You pay CA$1,005.99

    SRe10,380

    Cheapest

  2. 2
    credit card Cash pickup

    You pay CA$1,005.99

    SRe10,380

    SRe0

  3. 3
    Cash deposit Cash pickup

    You pay CA$1,005.99

    SRe10,380

    SRe0

  4. 4
    debit card Bank deposit

    You pay CA$1,000.00

    SRe10,037

    -SRe343

  5. 5
    credit card Bank deposit

    You pay CA$1,020.00

    SRe10,037

    -SRe343

Show moreShow less
  1. 6
    Bank transfer Bank deposit

    You pay CA$1,000.00

    SRe10,037

    -SRe343

  2. 7
    Interac Bank deposit

    You pay CA$1,000.00

    SRe10,037

    -SRe343

Consider this when sending CAD to Seychelles

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/SCR transfer options

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

Best way to send money to Seychelles

Wise is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 9,889.05 SCR, which is 0.91% more than the next best option.

Fastest way to send money to Seychelles

Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 10,036.8 SCR in within an hour.

Interac only works inside Canada

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

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 Seychelles, 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/SCR 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.