Ria Money Transfer is the cheapest way to send money from Canada to Venezuela based on the 3 companies we analyzed, giving your recipient 1,677,197.1 VES from $2,800.
| 3 of 3 providers Last updated on 28 September 2026 | |||
| Based on 2,800 CAD transfer Best companies for CAD/VES transfers | |||
| Ad  Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 583.8600 VES +3.11% vs mid-market | Recipient gets VES 1,634,808.00 2 Days | |
Ways to receive money in Venezuela with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 583.8600 VES VES 1,634,808.00You 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. | |||
 Ria Money Transfer Pay via Debit Card | Fees: $2.90 1 CAD = 599.6200 VES +0.45% vs mid-market | Recipient gets VES 1,677,197.10 6-12 Hours | |
Ways to receive money in Venezuela with Ria Money Transfer when paying by debit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $2.901 CAD = 599.6200 VES VES 1,677,197.10You pay$2,800.00 | |||
 OFX Pay via Bank Transfer | Fees: $0.00 1 CAD = 598.3952 VES +0.65% vs mid-market | Recipient gets VES 1,675,506.67 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 = 598.3952 VES VES 1,675,506.67You pay$2,800.00 | |||
| Remitly Pay via Bank Transfer | Fees: $0.00 1 CAD = 583.8600 VES +3.11% vs mid-market | Recipient gets VES 1,634,808.00 2 Days | |
Ways to receive money in Venezuela with Remitly when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 583.8600 VES VES 1,634,808.00You pay$2,800.00 | |||
| Remitly Pay via Interac | Fees: $0.00 1 CAD = 583.8600 VES +3.11% vs mid-market | Recipient gets VES 1,634,808.00 2 Days | |
Ways to receive money in Venezuela with Remitly when paying by interac. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 583.8600 VES VES 1,634,808.00You pay$2,800.00 | |||
| Ria Money Transfer Pay via Credit Card | Fees: $90.00 1 CAD = 599.6200 VES +0.45% vs mid-market | Recipient gets VES 1,624,970.20 6-12 Hours | |
Ways to receive money in Venezuela with Ria Money Transfer when paying by credit card. MethodFee & ratesRecipient gets Bank deposit6-12 Hours $90.001 CAD = 599.6200 VES VES 1,624,970.20You pay$2,800.00 | |||
| Remitly Pay via Debit Card | Fees: $0.00 1 CAD = 580.0600 VES +3.76% vs mid-market | Recipient gets VES 1,624,168.00 2 Days | |
Ways to receive money in Venezuela with Remitly when paying by debit card. MethodFee & ratesRecipient gets Bank deposit2 Days Free1 CAD = 580.0600 VES VES 1,624,168.00You pay$2,800.00 | |||
| Remitly Pay via Credit Card | Fees: $56.00 1 CAD = 580.0600 VES +3.76% vs mid-market | Recipient gets VES 1,624,168.00 2 Days | |
Ways to receive money in Venezuela with Remitly when paying by credit card. MethodFee & ratesRecipient gets Bank deposit2 Days $56.001 CAD = 580.0600 VES VES 1,624,168.00You pay$2,856.00 | |||
| How Our Results Work Mid-market rate: 1 CAD = 602.3103 VES Updates every 60 minutes. | |||
Transfer details
Start with the cheapest, which is Ria Money Transfer at 1,677,197.1 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 4 ways to pay, including bank transfer, debit card, credit card, and interac.
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 Venezuela 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.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $100 | 3.08% | $0.00 | VES 58,369.00with bank transfer to bank deposit | +VES 8,879.78 | |
| $500 | 0.65% | $0.00 | VES 299,032.70with bank transfer to bank deposit | +VES 12,385.84 | |
| $1,000 | 0.65% | $0.00 | VES 598,276.82with bank transfer to bank deposit | +VES 16,995.09 | |
| $2,800This page | 0.45% | $2.90 | VES 1,677,197.10with debit card to bank deposit | +VES 34,964.82 | |
| $10,000 | 0.27% | $0.00 | VES 6,004,356.99with bank transfer to bank deposit | +VES 6,923.71 | |
| $50,000 | 0.25% | $0.00 | VES 30,033,856.88with bank transfer to bank deposit | +VES 37,636.41 |
Mid-market rate: 1 CAD = 602.3103 VES
There are 3 companies sending money to India, 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.
Ria Money Transfer charges $2.9 in fees and adds 0.45% markup, so your $2,800 delivers 1,677,197.1 VES in 6-12 hours.
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 3 online companies, Ria Money Transfer is the cheapest and currently gets you 1,677,197.1 VES on a $2,800 transfer after a $2.9 fee and 0.45% markup.
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.
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 Ria Money Transfer, paying by debit card and receiving through bank deposit is the cheapest combination. Sending $2,800 gives your recipient 1,677,197.1 VES.
Deposit CAD using bank transfer, debit card, credit card, and interac.
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 VES through bank deposit.
For a bank deposit payout, you will need the recipient's bank details in Venezuela.
You pay $2,800.00
Bs1,677,197
Cheapest
You pay $2,800.00
Bs1,675,507
-Bs1,690
You pay $2,800.00
Bs1,634,808
-Bs42,389
You pay $2,800.00
Bs1,624,970
-Bs52,227
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
Ria Money Transfer is the cheapest and easiest option, funded by debit card with bank deposit for the payout. Your recipient gets 1,677,197.1 VES, which is 0.1% more than the next best option.
Fastest way to send money to Venezuela
Ria Money Transfer is fastest when you pay by debit card and choose bank deposit for the payout. The transfer delivers 1,677,197.1 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 = 601.746759 VES
Most of the pricing here comes straight from the companies, and anything we gather by hand is labelled in the table.
That covers 3 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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