OFX is the cheapest way to send money from Canada to Venezuela based on the 1 companies we analyzed, giving your recipient 1,626,488.25 VES from $2,800.
| 1 of 1 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze CAD/VES exchange rates from our comparisons. | |||
| Based on 2,800 CAD transfer Best companies for CAD/VES transfersAll money transfer offers for CAD/VES transfers, sorted by most VES received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Ad  OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 580.8887 VES +0.65% vs mid-market | Recipient gets VES 1,626,488.25 6-12 Hours | |
Ways to receive money in Venezuela with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 580.8887 VES VES 1,626,488.25You pay$2,800.00 | |||
Run a live search Showing top Canada to Venezuela deals for 2,800 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 VES rates. | |||
Run a live search These companies offer multi-currency accounts for spending VES. We suggest doing a live search based on how much CAD you're planning to spend in Venezuela. | |||
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. | |||
| OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 580.8887 VES +0.65% vs mid-market | Recipient gets VES 1,626,488.25 6-12 Hours | |
Ways to receive money in Venezuela with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit6-12 Hours Free1 CAD = 580.8887 VES VES 1,626,488.25You pay$2,800.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 584.689139 VES Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is OFX at 1,626,488.25 VES on $2,800.
More than half of Canadians sending money still pay at a store counter. The same company is often cheaper online.
You have 1 ways to pay, including bank transfer.
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.
There are 1 companies sending money to India, but how you send depends on your needs.
For large transfers from Canada
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/VES interbank rate.
The markup gets lower the more you send, with an account manager handling it end to end.
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 VES.
Companies like OFX, Airwallex, or WorldFirst are set up for the batch and recurring payments a personal app can't do.
With OFX, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $2,800 gives your recipient 1,626,488.25 VES.
Deposit CAD using bank transfer.
The recipient can receive VES through bank deposit.
For a bank deposit payout, you will need the recipient's bank details in Venezuela.
You pay $2,800.00
Bs1,626,488
Cheapest
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 $2,800 transfer to Venezuela, these are the cheapest, fastest and easiest options available now.
Best way to send money to Venezuela
OFX is the cheapest and easiest option, funded by bank transfer with bank deposit for the payout. Your recipient gets 1,626,488.25 VES, which is 0% more than the next best option.
Fastest way to send money to Venezuela
OFX is fastest when you pay by bank transfer and choose bank deposit for the payout. The transfer delivers 1,626,488.25 VES in 6-12 hours.
An Interac e-Transfer cannot go directly to a recipient in Venezuela.
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.
The rate has a direct impact on the VES amount received. The last seven days show how today's CAD quote compares with the recent market.
Mid-market rate:1 CAD = 584.2401 VES
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 1 FINTRAC-registered companies sending CAD to Venezuela, updated in real time during a live search, compared on rates, fees and how your recipient can collect.
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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