How to send money to Turkey from Canada with the best CAD-TRY rate

Remitly is the cheapest way to send money from Canada to Turkey based on the 13 companies we analyzed, giving your recipient 35,540 TRY from CA$1,000.

Best companies for CAD/TRY transfers

13 of 13 providers

Last updated on 28 October 2026

Based on 1,000 CAD transfer

Best companies for CAD/TRY transfers

Sort Cheapest
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Wise

Pay via Bank Transfer
Fees: $8.84 1 CAD = 35.3824 TRY +0.15% vs mid-market Recipient gets ₺35,069.62 Same day
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$8.841 CAD = 35.3824 TRY
₺35,069.62You pay$1,000.00
Ad

Instarem

Pay via Interac
Fees: $0.00 1 CAD = 35.3686 TRY +0.19% vs mid-market Recipient gets ₺35,368.60 6-12 Hours
Receive to bank account

Ways to receive money in Türkiye with Instarem when paying by interac.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 35.3686 TRY
₺35,368.60You pay$1,000.00

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Showing top Canada to Turkey 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 = 35.5400 TRY -0.29% vs mid-market Recipient gets ₺35,540.00 Within a week
Cheapest
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 35.5400 TRY
₺35,540.00You pay$1,000.00

Remitly

Pay via Interac
Fees: $0.00 1 CAD = 35.5400 TRY -0.29% vs mid-market Recipient gets ₺35,540.00 Within a week
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin a week
Free1 CAD = 35.5400 TRY
₺35,540.00You pay$1,000.00

Remitbee

Pay via Interac
Fees: $0.00 1 CAD = 35.4286 TRY +0.02% vs mid-market Recipient gets ₺35,428.60 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 35.4286 TRY
₺35,428.60You pay$1,000.00

Remitbee

Pay via Bill payment
Fees: $0.00 1 CAD = 35.4286 TRY +0.02% vs mid-market Recipient gets ₺35,428.60 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 35.4286 TRY
₺35,428.60You pay$1,000.00

Remitbee

Pay via Bank Transfer
Fees: $0.00 1 CAD = 35.4286 TRY +0.02% vs mid-market Recipient gets ₺35,428.60 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 35.4286 TRY
₺35,428.60You pay$1,000.00

Instarem

Pay via Interac
Fees: $0.00 1 CAD = 35.3686 TRY +0.19% vs mid-market Recipient gets ₺35,368.60 6-12 Hours
Receive to bank account

Ways to receive money in Türkiye with Instarem when paying by interac.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 35.3686 TRY
₺35,368.60You pay$1,000.00

TapTap Send

Pay via Debit Card
Fees: $0.00 1 CAD = 35.3600 TRY +0.21% vs mid-market Recipient gets ₺35,360.00 Minutes
Fastest
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank depositMinutes
Free1 CAD = 35.3600 TRY
₺35,360.00You pay$1,000.00
Mobile walletMinutesAvailable via:Paycell, Uption
Free1 CAD = 35.3600 TRY
₺35,360.00You pay$1,000.00
Cash pickupMinutesAvailable via:UPT
Free1 CAD = 35.3600 TRY
₺35,360.00You pay$1,000.00

Remitly

Pay via Debit Card
Fees: $0.00 1 CAD = 35.2700 TRY +0.47% vs mid-market Recipient gets ₺35,270.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
Free1 CAD = 35.2700 TRY
₺35,270.00You pay$1,000.00

Remitly

Pay via Credit Card
Fees: $20.00 1 CAD = 35.2700 TRY +0.47% vs mid-market Recipient gets ₺35,270.00 Within minutes
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositWithin minutes
$20.001 CAD = 35.2700 TRY
₺35,270.00You pay$1,020.00

Paysend

Pay via Debit Card
Fees: $0.00 1 CAD = 35.2378 TRY +0.56% vs mid-market Recipient gets ₺35,237.82 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 35.2378 TRY
₺35,237.82You pay$1,000.00

Paysend

Pay via Credit Card
Fees: $0.00 1 CAD = 35.2378 TRY +0.56% vs mid-market Recipient gets ₺35,237.82 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 35.2378 TRY
₺35,237.82You pay$1,000.00

OFX

Pay via Bank Transfer
Fees: $0.00 1 CAD = 35.2052 TRY +0.65% vs mid-market Recipient gets ₺35,205.19 6-12 Hours
Receive to bank account

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

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 35.2052 TRY
₺35,205.19You pay$1,000.00

Koho

Pay via Bank Transfer
Fees: $8.12 1 CAD = 35.4217 TRY +0.04% vs mid-market Recipient gets ₺35,134.17 Within minutes
Receive to bank account

Ways to receive money in Türkiye with Koho when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$8.121 CAD = 35.4217 TRY
₺35,134.17You pay$1,000.00

Remitbee

Pay via Debit Card
Fees: $8.99 1 CAD = 35.4286 TRY +0.02% vs mid-market Recipient gets ₺35,110.10 Next Day
0 reviews

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

MethodFee & ratesRecipient gets
Bank depositNext Day
$8.991 CAD = 35.4286 TRY
₺35,110.10You pay$1,000.00

Currencies Direct

Pay via Bank Transfer
Fees: $0.00 1 CAD = 35.1077 TRY +0.93% vs mid-market Recipient gets ₺35,107.70 6-12 Hours
Receive to bank account

Ways to receive money in Türkiye with Currencies Direct when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 35.1077 TRY
₺35,107.70You pay$1,000.00

Wise

Pay via Bank Transfer
Fees: $8.84 1 CAD = 35.3824 TRY +0.15% vs mid-market Recipient gets ₺35,069.62 Same day
Recommended
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositSame dayAvailable via:Bank Transfer
$8.841 CAD = 35.3824 TRY
₺35,069.62You pay$1,000.00
$0 fee on first online transfers

MoneyGram

Pay via Debit Card
Fees: $1.49 1 CAD = 35.0602 TRY +1.06% vs mid-market Recipient gets ₺35,060.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$1.491 CAD = 35.0602 TRY
₺35,060.20You pay$1,001.49
Cash pickup6-12 Hours
$5.991 CAD = 35.0599 TRY
₺35,059.90You pay$1,005.99
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.491 CAD = 34.9545 TRY
₺34,954.50You pay$1,001.49
$0 fee on first online transfers

MoneyGram

Pay via Credit Card
Fees: $1.49 1 CAD = 35.0602 TRY +1.06% vs mid-market Recipient gets ₺35,060.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$1.491 CAD = 35.0602 TRY
₺35,060.20You pay$1,001.49
Cash pickup6-12 Hours
$5.991 CAD = 35.0599 TRY
₺35,059.90You pay$1,005.99
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.491 CAD = 34.9545 TRY
₺34,954.50You pay$1,001.49
$0 fee on first online transfers

MoneyGram

Pay via Cash deposit
Fees: $1.49 1 CAD = 35.0602 TRY +1.06% vs mid-market Recipient gets ₺35,060.20 6-12 Hours

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

MethodFee & ratesRecipient gets
Bank deposit6-12 HoursAvailable via:All Banks
$1.491 CAD = 35.0602 TRY
₺35,060.20You pay$1,001.49
Cash pickup6-12 Hours
$5.991 CAD = 35.0599 TRY
₺35,059.90You pay$1,005.99
Mobile wallet6-12 HoursAvailable via:Select Wallets
$1.491 CAD = 34.9545 TRY
₺34,954.50You pay$1,001.49

Western Union

Pay via Debit Card
Fees: $0.00 1 CAD = 34.8897 TRY +1.55% vs mid-market Recipient gets ₺34,889.65 Next Day
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 34.8897 TRY
₺34,889.65You pay$1,000.00

Western Union

Pay via Bank Transfer
Fees: $0.00 1 CAD = 34.8897 TRY +1.55% vs mid-market Recipient gets ₺34,889.65 Next Day
Receive to bank account or cash pickup

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

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 34.8897 TRY
₺34,889.65You pay$1,000.00

Wise

Pay via Interac
Fees: $14.55 1 CAD = 35.3824 TRY +0.15% vs mid-market Recipient gets ₺34,867.59 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$14.551 CAD = 35.3824 TRY
₺34,867.59You pay$1,000.00

Moneycorp

Pay via Bank Transfer
Fees: $0.00 1 CAD = 34.7268 TRY +2.00% vs mid-market Recipient gets ₺34,726.81 Next Day

Ways to receive money in Türkiye with Moneycorp when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank depositNext Day
Free1 CAD = 34.7268 TRY
₺34,726.81You pay$1,000.00

Wise

Pay via Debit Card
Fees: $19.85 1 CAD = 35.3824 TRY +0.15% vs mid-market Recipient gets ₺34,680.06 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$19.851 CAD = 35.3824 TRY
₺34,680.06You pay$1,000.00

TD Bank

Pay via Bank Transfer
Fees: $0.00 1 CAD = 34.2199 TRY +3.49% vs mid-market Recipient gets ₺34,219.94 6-12 Hours

Ways to receive money in Türkiye with TD Bank when paying by bank transfer.

MethodFee & ratesRecipient gets
Bank deposit6-12 Hours
Free1 CAD = 34.2199 TRY
₺34,219.94You pay$1,000.00

Wise

Pay via Credit Card
Fees: $34.57 1 CAD = 35.3824 TRY +0.15% vs mid-market Recipient gets ₺34,159.23 Within minutes
Receive to bank accountDedicated support for large transfers

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

MethodFee & ratesRecipient gets
Bank depositWithin minutesAvailable via:Bank Transfer
$34.571 CAD = 35.3824 TRY
₺34,159.23You pay$1,000.00
How Our Results Work
Mid-market rate: 1 CAD = 35.4355 TRY Updates every 60 minutes.

How to send money from Canada to Turkey

Pick a company

Start with the cheapest, which is Remitly at 35,540 TRY on CA$1,000.

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

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 bank transfer, debit card, interac, credit card, 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 Turkey?

How much CAD you send to Turkey 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 50% of all the transfers it quoted.

Cheapest service
$100-0.29%$0.00₺3,554.00with bank transfer to bank deposit+₺88.63
$500-0.25%$0.00₺17,770.00with bank transfer to bank deposit+₺237.47
$1,000This page-0.29%$0.00₺35,540.00with bank transfer to bank deposit+₺449.60
$3,0000.07%$0.00₺106,285.80with interac to bank deposit+₺1,053.31
$10,0000.04%$0.00₺354,286.00with interac to bank deposit+₺2,220.75
$50,0000.20%$0.00₺1,769,040.78with bank transfer to bank deposit+₺10,462.38

Mid-market rate: 1 CAD = 35.4355 TRY

CAD/TRY Exchange Rate History

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

The cheapest way to send CAD to TRY 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 Turkey.

TRY received for $1,000, after fees

Wed, Oct 28, 2026Mid-market rate₺35,435.53 Remitly ₺35,540.00 TD Bank ₺34,219.94Remitly₺35,540.00Remitbee₺35,428.60Instarem₺35,368.60Extra cost of a bank₺1,320.06

32,000
33,000
34,000
35,000
36,000
At the mid-market rateWith the cheapest optionWith a bankRemitlyRemitbeeInstarem
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5424 – ₺34,542.38
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺487.02
Remitly 34.2800 $0.00 ₺34,280.00 −₺262.38
TD Bank 32.7101 $0.00 ₺32,710.09 −₺1,832.29
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5528 – ₺34,552.76
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺476.64
Remitly 34.3100 $0.00 ₺34,310.00 −₺242.76
TD Bank 32.8442 $0.00 ₺32,844.18 −₺1,708.58
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.4248 – ₺34,424.83
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺604.57
Instarem 34.3671 $0.00 ₺34,367.10 −₺57.73
Remitly 34.1600 $0.00 ₺34,160.00 −₺264.83
TD Bank 32.8442 $0.00 ₺32,844.18 −₺1,580.65
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5630 – ₺34,563.01
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺466.39
Instarem 34.5039 $0.00 ₺34,503.90 −₺59.11
Remitly 34.3100 $0.00 ₺34,310.00 −₺253.01
TD Bank 32.7804 $0.00 ₺32,780.36 −₺1,782.65
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.4807 – ₺34,480.74
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺548.66
Instarem 34.3997 $0.00 ₺34,399.70 −₺81.04
Remitly 34.2100 $0.00 ₺34,210.00 −₺270.74
TD Bank 32.7804 $0.00 ₺32,780.36 −₺1,700.38
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.4766 – ₺34,476.64
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺552.76
Instarem 34.3997 $0.00 ₺34,399.70 −₺76.94
Remitly 34.2100 $0.00 ₺34,210.00 −₺266.64
TD Bank 32.6797 $0.00 ₺32,679.70 −₺1,796.94
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.4415 – ₺34,441.45
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺587.95
Instarem 34.3837 $0.00 ₺34,383.70 −₺57.75
Remitly 34.1700 $0.00 ₺34,170.00 −₺271.45
TD Bank 32.6954 $0.00 ₺32,695.37 −₺1,746.08
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.4385 – ₺34,438.48
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺590.92
Remitly 34.1900 $0.00 ₺34,190.00 −₺248.48
TD Bank 32.6610 $0.00 ₺32,661.02 −₺1,777.46
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5943 – ₺34,594.28
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺435.12
Remitly 34.3500 $0.00 ₺34,350.00 −₺244.28
TD Bank 32.6610 $0.00 ₺32,661.02 −₺1,933.26
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5207 – ₺34,520.69
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺508.71
Remitly 34.2600 $0.00 ₺34,260.00 −₺260.69
TD Bank 32.6962 $0.00 ₺32,696.18 −₺1,824.51
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.7112 – ₺34,711.15
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺318.25
Remitly 34.4600 $0.00 ₺34,460.00 −₺251.15
TD Bank 32.6962 $0.00 ₺32,696.18 −₺2,014.97
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5121 – ₺34,512.10
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺517.30
Instarem 34.4924 $0.00 ₺34,492.40 −₺19.70
Remitly 34.3000 $0.00 ₺34,300.00 −₺212.10
TD Bank 32.6630 $0.00 ₺32,663.01 −₺1,849.09
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.5121 – ₺34,512.10
Remitbee Cheapest 35.0294 $0.00 ₺35,029.40 +₺517.30
Instarem 34.4924 $0.00 ₺34,492.40 −₺19.70
Remitly 34.3300 $0.00 ₺34,330.00 −₺182.10
TD Bank 32.7869 $0.00 ₺32,786.90 −₺1,725.20
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.6313 – ₺34,631.27
TapTap Send Cheapest 34.6000 $0.00 ₺34,600.00 −₺31.27
Instarem 34.5820 $0.00 ₺34,582.00 −₺49.27
Remitly 34.4000 $0.00 ₺34,400.00 −₺231.27
TD Bank 32.7869 $0.00 ₺32,786.90 −₺1,844.37
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.6014 – ₺34,601.37
Remitly Cheapest 34.6900 $0.00 ₺34,690.00 +₺88.63
TD Bank 32.7802 $0.00 ₺32,780.17 −₺1,821.20
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.7696 – ₺34,769.61
Remitly Cheapest 34.8600 $0.00 ₺34,860.00 +₺90.39
TD Bank 32.9033 $0.00 ₺32,903.32 −₺1,866.29
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.7615 – ₺34,761.49
Remitly Cheapest 34.8500 $0.00 ₺34,850.00 +₺88.51
Instarem 34.6943 $0.00 ₺34,694.30 −₺67.19
TD Bank 32.9956 $0.00 ₺32,995.61 −₺1,765.88
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.9414 – ₺34,941.39
Remitly Cheapest 35.0000 $0.00 ₺35,000.00 +₺58.61
Instarem 34.8781 $0.00 ₺34,878.10 −₺63.29
TD Bank 32.9956 $0.00 ₺32,995.61 −₺1,945.78
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.9735 – ₺34,973.54
Remitly Cheapest 35.1200 $0.00 ₺35,120.00 +₺146.46
Instarem 34.9561 $0.00 ₺34,956.10 −₺17.44
TD Bank 33.2226 $0.00 ₺33,222.60 −₺1,750.94
Remitbee No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 34.9735 – ₺34,973.54
Remitly Cheapest 35.1200 $0.00 ₺35,120.00 +₺146.46
TD Bank 33.2226 $0.00 ₺33,222.60 −₺1,750.94
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.1563 – ₺35,156.32
Remitly Cheapest 35.2100 $0.00 ₺35,210.00 +₺53.68
TD Bank 33.2185 $0.00 ₺33,218.53 −₺1,937.79
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.2095 – ₺35,209.45
Remitly Cheapest 35.3300 $0.00 ₺35,330.00 +₺120.55
TD Bank 33.3502 $0.00 ₺33,350.16 −₺1,859.29
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.2808 – ₺35,280.83
Remitly Cheapest 35.3900 $0.00 ₺35,390.00 +₺109.17
TD Bank 33.4565 $0.00 ₺33,456.46 −₺1,824.37
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.3938 – ₺35,393.77
Remitly Cheapest 35.4800 $0.00 ₺35,480.00 +₺86.24
TD Bank 34.2647 $0.00 ₺34,264.71 −₺1,129.06
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.4843 – ₺35,484.33
Remitly Cheapest 35.6000 $0.00 ₺35,600.00 +₺115.67
TD Bank 34.2647 $0.00 ₺34,264.71 −₺1,219.62
Remitbee No quote collected this day – – – –
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.4964 – ₺35,496.37
Remitly Cheapest 35.5900 $0.00 ₺35,590.00 +₺93.63
Remitbee 35.4286 $0.00 ₺35,428.60 −₺67.77
TD Bank 34.2466 $0.00 ₺34,246.60 −₺1,249.77
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.4964 – ₺35,496.37
Remitly Cheapest 35.5900 $0.00 ₺35,590.00 +₺93.63
Remitbee 35.4286 $0.00 ₺35,428.60 −₺67.77
TD Bank 34.2466 $0.00 ₺34,246.60 −₺1,249.77
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.5213 – ₺35,521.26
Remitly Cheapest 35.6100 $0.00 ₺35,610.00 +₺88.74
Remitbee 35.4286 $0.00 ₺35,428.60 −₺92.66
TD Bank 34.3520 $0.00 ₺34,352.01 −₺1,169.25
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.5059 – ₺35,505.91
Remitly Cheapest 35.6400 $0.00 ₺35,640.00 +₺134.09
Remitbee 35.4286 $0.00 ₺35,428.60 −₺77.31
TD Bank 34.3767 $0.00 ₺34,376.69 −₺1,129.22
Instarem No quote collected this day – – – –
Exchange rateFees:Recipient getsDifference
Mid-market rate 35.4355 – ₺35,435.53
Remitly Cheapest 35.5400 $0.00 ₺35,540.00 +₺104.47
Remitbee 35.4286 $0.00 ₺35,428.60 −₺6.93
Instarem 35.3686 $0.00 ₺35,368.60 −₺66.93
TD Bank 34.2199 $0.00 ₺34,219.94 −₺1,215.58

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. The bank line is the cheapest bank available on each day.

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 TRY 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 29 of the last 30 days.

Right now, Remitly pays 35,540 TRY on 1,000 CAD, which is 104.47 TRY 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 35,640 TRY.

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 Turkey.

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 50% of them

  2. RemitbeeAppeared in 98 comparisons

    Cheapest in 84% of them

  3. InstaremAppeared in 33 comparisons

    Never the cheapest

  4. TD BankAppeared in 119 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 Remitly is the cheapest and gets you the most TRY, and it was also the cheapest in 50% of the 109 comparisons it appeared in over the past month.

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

Remitbee (today's second cheapest) was the cheapest in 84% of its comparisons, so if you send money to Turkey regularly, it's worth comparing it with Remitly before each transfer.

Ways to send money from Canada to Turkey

There are 13 companies sending money to Turkey, 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 35,540 TRY within minutes.

Our data shows Remitly came out cheapest among in-person options on 60% of days in the past month.

Cash transfers cost more

Cash transfer to Turkey 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 35,540 TRY 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 13 companies we compared, Remitly is the cheapest online service and currently gets you 35,540 TRY 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.

The most expensive way

Banks

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 CA$1,000 transfer, a bank like TD Bank delivers 34,219.94 TRY, against 35,540 TRY with Remitly.

We found TD Bank was the cheapest bank on 30 of the 30 days it appeared for this amount.

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

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/TRY 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 51% 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.

If you already have one

Challenger banks

Some neobanks in Canada include international transfers with no transfer fee as part of the account.

Koho sends your CA$1,000 for CA$8.12 in fees with 0.04% markup.

It's a good option for small occasional transfers, but I still suggest .

Our data shows Koho came out cheapest among challenger banks on 100% of days in the past month.

For businesses paying abroad

Global accounts

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

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 TRY, be it spending it, saving it, or waiting for a better rate, a multi-currency account can hold it alongside your CAD.

Currencies Direct lets you hold CAD and TRY, and convert between them at low cost.

For example, converting $1,000 costs $0 in fees at 0.93% markup, which gets you 35,107.7 TRY.

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

Ways to fund CAD and receive TRY in Turkey

With Remitly, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 35,540 TRY.

Our data shows that Remitly gets your recipient 1,320.06 TRY more than TD Bank, today's cheapest bank, on the same CA$1,000.

Deposit CAD using bank transfer, debit card, interac, credit card, 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 TRY through bank deposit, cash pickup, and mobile wallet.

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

  1. 1
    Bank transfer Bank deposit

    You pay CA$1,000.00

    ₺35,540

    Cheapest

  2. 2
    Interac Bank deposit

    You pay CA$1,000.00

    ₺35,540

    ₺0

  3. 3
    Bill payment Bank deposit

    You pay CA$1,000.00

    ₺35,429

    -₺111

  4. 4
    debit card Bank deposit

    You pay CA$1,000.00

    ₺35,360

    -₺180

  5. 5
    debit card Mobile wallet

    You pay CA$1,000.00

    ₺35,360

    -₺180

Show moreShow less
  1. 6
    debit card Cash pickup

    You pay CA$1,000.00

    ₺35,360

    -₺180

  2. 7
    credit card Bank deposit

    You pay CA$1,020.00

    ₺35,270

    -₺270

  3. 8
    Cash deposit Bank deposit

    You pay CA$1,001.49

    ₺35,060

    -₺480

  4. 9
    credit card Cash pickup

    You pay CA$1,005.99

    ₺35,060

    -₺480

  5. 10
    Cash deposit Cash pickup

    You pay CA$1,005.99

    ₺35,060

    -₺480

  6. 11
    credit card Mobile wallet

    You pay CA$1,001.49

    ₺34,955

    -₺586

  7. 12
    Cash deposit Mobile wallet

    You pay CA$1,001.49

    ₺34,955

    -₺586

Consider this when sending CAD to Turkey

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/TRY transfer options

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

Best way to send money to Turkey

Remitly is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 35,540 TRY, which is 0.31% more than the next best option.

Fastest way to send money to Turkey

TapTap Send is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 35,360 TRY in minutes.

Interac only works inside Canada

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

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 13 FINTRAC-registered companies sending CAD to Turkey, 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/TRY 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.