Instarem is the cheapest way to send money from Canada to Uruguay based on the 5 companies we analyzed, giving your recipient 28,519.2 UYU from CA$1,000.
| 5 of 5 providers Last updated on 28 October 2026 | |||
| Based on 1,000 CAD transfer Best companies for CAD/UYU transfers | |||
| Ad  Wise Pay via Bank Transfer | Fees: $30.61 1 CAD = 28.6080 UYU -0.16% vs mid-market | Recipient gets $27,732.31 Within a week | |
Ways to receive money in Uruguay with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer $30.611 CAD = 28.6080 UYU $27,732.31You pay$1,000.00 | |||
| Ad  Instarem Pay via Interac | Fees: $0.00 1 CAD = 28.5192 UYU +0.15% vs mid-market | Recipient gets $28,519.20 6-12 Hours | |
Ways to receive money in Uruguay with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 28.5192 UYU $28,519.20You pay$1,000.00 | |||
Run a live search Showing top Canada to Uruguay deals for 1,000 CAD. Do a live search with your exact amount for today's best rates. | |||
Run a live search Showing companies that send from a business account. Run a business search to get live CAD to UYU rates. | |||
Run a live search These companies offer multi-currency accounts for spending UYU. We suggest doing a live search based on how much CAD you're planning to spend in Uruguay. | |||
Run a live search These are managed services with real human support for large CAD transfers. Click the link and update the transfer amount to get the best deal. | |||
| Instarem Pay via Interac | Fees: $0.00 1 CAD = 28.5192 UYU +0.15% vs mid-market | Recipient gets $28,519.20 6-12 Hours | |
Ways to receive money in Uruguay with Instarem when paying by interac. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 28.5192 UYU $28,519.20You pay$1,000.00 | |||
 Paysend Pay via Debit Card | Fees: $0.00 1 CAD = 28.4375 UYU +0.43% vs mid-market | Recipient gets $28,437.50 6-12 Hours | |
Ways to receive money in Uruguay with Paysend when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 28.4375 UYU $28,437.50You pay$1,000.00 | |||
| Paysend Pay via Credit Card | Fees: $0.00 1 CAD = 28.4375 UYU +0.43% vs mid-market | Recipient gets $28,437.50 6-12 Hours | |
Ways to receive money in Uruguay with Paysend when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 28.4375 UYU $28,437.50You pay$1,000.00 | |||
 Remitbee Pay via Interac | Fees: $0.00 1 CAD = 27.8091 UYU +2.67% vs mid-market | Recipient gets $27,809.10 Next Day | |
Ways to receive money in Uruguay with Remitbee when paying by interac. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 27.8091 UYU $27,809.10You pay$1,000.00 | |||
| Remitbee Pay via Bill payment | Fees: $0.00 1 CAD = 27.8091 UYU +2.67% vs mid-market | Recipient gets $27,809.10 Next Day | |
Ways to receive money in Uruguay with Remitbee when paying by bill payment. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 27.8091 UYU $27,809.10You pay$1,000.00 | |||
| Remitbee Pay via Bank Transfer | Fees: $0.00 1 CAD = 27.8091 UYU +2.67% vs mid-market | Recipient gets $27,809.10 Next Day | |
Ways to receive money in Uruguay with Remitbee when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext Day Free1 CAD = 27.8091 UYU $27,809.10You pay$1,000.00 | |||
| Wise Pay via Bank Transfer | Fees: $30.61 1 CAD = 28.6080 UYU -0.16% vs mid-market | Recipient gets $27,732.31 Within a week | |
Ways to receive money in Uruguay with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer $30.611 CAD = 28.6080 UYU $27,732.31You pay$1,000.00 | |||
 Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 27.7200 UYU +2.99% vs mid-market | Recipient gets $27,720.00 Within minutes | |
Ways to receive money in Uruguay with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin minutes Free1 CAD = 27.7200 UYU $27,720.00You pay$1,000.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 27.7200 UYU +2.99% vs mid-market | Recipient gets $27,720.00 Within a week | |
Ways to receive money in Uruguay with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 27.7200 UYU $27,720.00You pay$1,000.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 27.7200 UYU +2.99% vs mid-market | Recipient gets $27,720.00 Within a week | |
Ways to receive money in Uruguay with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank depositWithin a week Free1 CAD = 27.7200 UYU $27,720.00You pay$1,000.00 | |||
| Remitly Pay via Credit Card | Fees: $20.00 1 CAD = 27.7200 UYU +2.99% vs mid-market | Recipient gets $27,720.00 Within minutes | |
Ways to receive money in Uruguay with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin minutes $20.001 CAD = 27.7200 UYU $27,720.00You pay$1,020.00 | |||
| Wise Pay via Interac | Fees: $36.26 1 CAD = 28.6080 UYU -0.16% vs mid-market | Recipient gets $27,570.67 Next day | |
Ways to receive money in Uruguay with Wise when paying by interac. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $36.261 CAD = 28.6080 UYU $27,570.67You pay$1,000.00 | |||
| Remitbee Pay via Debit Card | Fees: $8.99 1 CAD = 27.8091 UYU +2.67% vs mid-market | Recipient gets $27,559.10 Next Day | |
Ways to receive money in Uruguay with Remitbee when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext Day $8.991 CAD = 27.8091 UYU $27,559.10You pay$1,000.00 | |||
| Wise Pay via Debit Card | Fees: $41.29 1 CAD = 28.6080 UYU -0.16% vs mid-market | Recipient gets $27,426.78 Next day | |
Ways to receive money in Uruguay with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $41.291 CAD = 28.6080 UYU $27,426.78You pay$1,000.00 | |||
| Wise Pay via Credit Card | Fees: $55.58 1 CAD = 28.6080 UYU -0.16% vs mid-market | Recipient gets $27,017.97 Next day | |
Ways to receive money in Uruguay with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $55.581 CAD = 28.6080 UYU $27,017.97You pay$1,000.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 28.5610 UYU Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Instarem at 28,519.2 UYU on CA$1,000.
Instarem was the cheapest on 7 of the 11 days it quoted CA$1,000 transfers to Uruguay.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 5 ways to pay, including interac, debit card, bank transfer, credit card, and bill payment.
Interac e-Transfer is how most companies take your money, moving it into their Canadian account so they can carry it over the border.
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.
How much CAD you send to Uruguay 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 Instarem was the cheapest in 55% of the transfers up to C$1,000 it quoted, and in 55% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | 0.16% | $0.00 | $2,852.53with interac to bank deposit | +$212.69 | |
| $500 | 0.47% | $0.00 | $14,218.75with debit card to bank deposit | +$410.03 | |
| $1,000This page | 0.15% | $0.00 | $28,519.20with interac to bank deposit | +$718.64 | |
| $3,000 | -0.16% | $55.90 | $84,254.84with bank transfer to bank deposit | +$1,183.53 | |
| $10,000 | 0.27% | $0.00 | $284,880.62with bank transfer to bank deposit | +$6,504.04 | |
| $50,000 | 0.25% | $0.00 | $1,424,987.80with bank transfer to bank deposit | +$6,112.66 |
Mid-market rate: 1 CAD = 28.5610 UYU
The cheapest way to send CAD to UYU 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 Instarem), across 30 days of comparisons for 1,000 CAD transfers to Uruguay.
Wed, Oct 28, 2026Mid-market rate$28,561.03 Instarem $28,519.20Instarem$28,519.20Paysend$28,437.50Remitbee$27,809.10
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2766 | – | $28,276.61 | |
| | 28.3329 | $0.00 | $28,332.90 | +$56.29 |
| | 28.0918 | $0.00 | $28,091.84 | −$184.77 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2856 | – | $28,285.59 | |
| | 28.3329 | $0.00 | $28,332.90 | +$47.31 |
| | 28.2325 | $0.00 | $28,232.46 | −$53.13 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.3530 | – | $28,352.98 | |
| | 28.3329 | $0.00 | $28,332.90 | −$20.08 |
| | 28.1819 | $0.00 | $28,181.90 | −$171.08 |
| | 28.0867 | $0.00 | $28,086.69 | −$266.29 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.4585 | – | $28,458.50 | |
| | 28.3329 | $0.00 | $28,332.90 | −$125.60 |
| | 28.1809 | $0.00 | $28,180.91 | −$277.59 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2815 | – | $28,281.49 | |
| | 28.3329 | $0.00 | $28,332.90 | +$51.41 |
| | 28.2377 | $0.00 | $28,237.73 | −$43.76 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2220 | – | $28,221.99 | |
| | 28.3329 | $0.00 | $28,332.90 | +$110.92 |
| | 28.2377 | $0.00 | $28,237.73 | +$15.74 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2134 | – | $28,213.42 | |
| | 28.3329 | $0.00 | $28,332.90 | +$119.48 |
| | 28.2724 | $0.00 | $28,272.40 | +$58.98 |
| | 28.1883 | $0.00 | $28,188.28 | −$25.14 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2896 | – | $28,289.60 | |
| | 28.3329 | $0.00 | $28,332.90 | +$43.30 |
| | 28.0934 | $0.00 | $28,093.36 | −$196.24 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.3623 | – | $28,362.35 | |
| | 28.3329 | $0.00 | $28,332.90 | −$29.45 |
| | 28.0352 | $0.00 | $28,035.16 | −$327.19 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.1110 | – | $28,110.98 | |
| | 28.3329 | $0.00 | $28,332.90 | +$221.92 |
| | 28.0453 | $0.00 | $28,045.30 | −$65.68 |
| | 27.9604 | $0.00 | $27,960.44 | −$150.54 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.1234 | – | $28,123.41 | |
| | 28.3329 | $0.00 | $28,332.90 | +$209.49 |
| | 28.1683 | $0.00 | $28,168.30 | +$44.89 |
| | 28.0870 | $0.00 | $28,086.97 | −$36.44 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.1617 | – | $28,161.70 | |
| | 28.3329 | $0.00 | $28,332.90 | +$171.20 |
| | 28.0087 | $0.00 | $28,008.70 | −$153.00 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.1617 | – | $28,161.70 | |
| | 28.3329 | $0.00 | $28,332.90 | +$171.20 |
| | 28.0087 | $0.00 | $28,008.70 | −$153.00 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.1837 | – | $28,183.68 | |
| | 28.3329 | $0.00 | $28,332.90 | +$149.22 |
| | 28.0795 | $0.00 | $28,079.55 | −$104.13 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2439 | – | $28,243.88 | |
| | 28.0110 | $0.00 | $28,010.96 | −$232.92 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2422 | – | $28,242.24 | |
| | 28.1293 | $0.00 | $28,129.26 | −$112.98 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.2581 | – | $28,258.07 | |
| | 28.1190 | $0.00 | $28,118.97 | −$139.09 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.3775 | – | $28,377.47 | |
| | 28.2353 | $0.00 | $28,235.32 | −$142.15 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.4760 | – | $28,476.00 | |
| | 28.3125 | $0.00 | $28,312.50 | −$163.50 |
| | 28.2309 | $0.00 | $28,230.91 | −$245.09 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.4760 | – | $28,476.00 | |
| | 28.3125 | $0.00 | $28,312.50 | −$163.50 |
| | 28.2309 | $0.00 | $28,230.91 | −$245.09 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.6550 | – | $28,654.98 | |
| | 28.3989 | $0.00 | $28,398.90 | −$256.08 |
| | 28.2649 | $0.00 | $28,264.89 | −$390.09 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.5198 | – | $28,519.83 | |
| | 28.3220 | $0.00 | $28,321.97 | −$197.86 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.4807 | – | $28,480.75 | |
| | 28.4666 | $0.00 | $28,466.60 | −$14.15 |
| | 28.3855 | $0.00 | $28,385.49 | −$95.26 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.6349 | – | $28,634.87 | |
| | 28.4178 | $0.00 | $28,417.85 | −$217.02 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.5894 | – | $28,589.43 | |
| | 28.4462 | $0.00 | $28,446.23 | −$143.20 |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.6211 | – | $28,621.14 | |
| | 28.4640 | $0.00 | $28,464.01 | −$157.13 |
| | 27.8091 | $0.00 | $27,809.10 | −$812.04 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.6211 | – | $28,621.14 | |
| | 28.5469 | $0.00 | $28,546.90 | −$74.24 |
| | 28.4640 | $0.00 | $28,464.01 | −$157.13 |
| | 27.8091 | $0.00 | $27,809.10 | −$812.04 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.5657 | – | $28,565.72 | |
| | 28.4478 | $0.00 | $28,447.76 | −$117.96 |
| | 27.8091 | $0.00 | $27,809.10 | −$756.62 |
| | – | – | – | – |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.6613 | – | $28,661.27 | |
| | 28.5082 | $0.00 | $28,508.20 | −$153.07 |
| | 28.4239 | $0.00 | $28,423.93 | −$237.34 |
| | 27.8091 | $0.00 | $27,809.10 | −$852.17 |
| Exchange rate | Fees: | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 28.5610 | – | $28,561.03 | |
| | 28.5192 | $0.00 | $28,519.20 | −$41.83 |
| | 28.4375 | $0.00 | $28,437.50 | −$123.53 |
| | 27.8091 | $0.00 | $27,809.10 | −$751.93 |
| Exchange rate | Fees: | Recipient gets | Difference |
|---|
| Mid-market rate | 28.5610 | – | $28,561.03 | |
|---|---|---|---|---|
| | ||||
| | ||||
| |
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 UYU 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 11 of the last 30 days.
Right now, Instarem pays 28,519.2 UYU on 1,000 CAD, which is 41.83 UYU less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 28,546.9 UYU.
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.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Uruguay.
We've tracked 180 comparisons to check how often today's top companies were the cheapest across 6 amounts over the past month.
Cheapest every time
Cheapest in 52% of them
Never the cheapest
Based on 42 comparisons across 6 amounts over the last 7 days.
Cheapest in 55% of them
Cheapest in 32% of them
Cheapest in 74% of them
Based on 180 comparisons across 6 amounts over the last 30 days.
Cheapest in 68% of them
Cheapest in 41% of them
Cheapest in 56% of them
Based on 351 comparisons across 6 amounts over the last 90 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 Instarem is the cheapest, but it only quotes some of the amounts we track, so it isn't included in these figures.
Paysend (today's second cheapest) was the cheapest in only 32% of its comparisons, so it's rarely the cheapest option for transfers to Uruguay.
There are 5 companies sending money to Uruguay, but how you send depends on your needs.
For transfers home
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.
Instarem charges CA$0 in fees and adds 0.15% markup, so your CA$1,000 delivers 28,519.2 UYU in 6-12 hours.
Over the past month, Instarem was the cheapest app on 64% 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
For bigger or less frequent transfers, compare a couple of online services on the day, and pick the cheapest.
Of the 5 companies we compared, Instarem is the cheapest online service and currently gets you 28,519.2 UYU on a CA$1,000 transfer after a CA$0 fee and 0.15% markup.
In our comparisons over the past month, it was the cheapest online service on 7 of the 11 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
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 handle the business side, paying suppliers, contractors and overseas invoices in UYU.
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
If part of your life runs in UYU, 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 UYU, and convert between them at low cost.
For example, converting $1,000 costs $30.61 in fees at -0.16% markup, which gets you 27,732.31 UYU.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
With Instarem, paying by interac and receiving through bank deposit is the cheapest combination. Sending CA$1,000 gives your recipient 28,519.2 UYU.
Deposit CAD using interac, debit card, bank transfer, credit card, and bill payment.
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 UYU through bank deposit.
For a bank deposit payout, you will need the recipient's bank details in Uruguay.
You pay CA$1,000.00
$U28,519
Cheapest
You pay CA$1,000.00
$U28,438
-$U82
You pay CA$1,000.00
$U28,438
-$U82
You pay CA$1,000.00
$U27,809
-$U710
You pay CA$1,000.00
$U27,809
-$U710
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.
For a CA$1,000 transfer to Uruguay, these are the cheapest, fastest and easiest options available now.
Best way to send money to Uruguay
Instarem is the cheapest and easiest option, funded by interac with bank deposit for the payout. Your recipient gets 28,519.2 UYU, which is 0.29% more than the next best option.
Fastest way to send money to Uruguay
Remitly is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 27,720 UYU in within an hour.
An Interac e-Transfer cannot go directly to a recipient in Uruguay.
When a transfer company accepts Interac, you send CAD to its Canadian account and the company handles the international side over its own network.
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.
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.
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 5 FINTRAC-registered companies sending CAD to Uruguay, 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/UYU 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.
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