/Send Money Abroad/From Canada

How to Send Money from Canada to Venezuela

Get the best deals when you transfer from Canada to Venezuela. Find the cheapest, fastest, and most reliable providers with the best exchange rates.

Read on for the best deals, expert information, and all you need to send money to Venezuela from Canada.

Affiliate Disclosure

How to send money to Venezuela from Canada

The best way to send CAD to VES

Wise

The total number of Canada to Bolivar providers

2

The average cheapest way to send money from Canada to Venezuela

Wise

Best option for debit card transfers

Wise

Best option for bank transfers

Wise

You can always compare rates and fees based on your transfer amount and payment options when sending money.

The best way to send money from Canada to Venezuela

We recommend using Wise for money transfers to Venezuela from Canada.

We analyzed 2 providers that allow CAD to VES transfers. Wise emerged as the best option in 66.7% of searches.

What’s the cheapest way to send money from Canada to Venezuela?

Based on results from the last 3 months, of the 2 providers we list, the cheapest way to send money from the Canada to Venezuela was Wise, and the average cheapest payment method was bankTransfer.

Wise has averaged 0% cheaper than the next nearest provider for money transfers to Venezuela from Canada.

Just to make you aware, bankTransfer was the overall cheapest payment method.

The cheapest way to send money isn't always the fastest

Be sure to pick the right option, Instarem is the most cost effective way of sending, but make sure the timeframes work for you.

How the cost of sending money to Venezuela from Canada is calculated

The cost of sending money from Canada to Canada depends on several things, including:

The mid-market rate

The current mid-market rate between CAD and VES is 26.699566. The rate the time you transfer will impact your overall cost. As an example, Wise has averaged -0.05% below the mid-market rate over the last 3 months, generally making sending money a little cheaper before fees.

The markup and fee

Providers will often charge a markup on the rate, fees, or both, for transfers between Canada and Venezuela. This is why Instarem is listed as our cheapest option - they offer the best combination of Canadian Dollar to Bolivar (-0.06) and fees (47.65).

Bank transfers from Canada to Venezuela

Bank transfers are the most common way of sending CAD to Venezuela as they are secure, reliable, and convenient.

If you want to send Canadian Dollars to Venezuela through a bank transfer, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 76.7% of the time.

That’s because companies like Wise bypass the SWIFT network by relying on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for Canadian Dollars into Venezuela have averaged significantly lower than banks for the last 3 months.

Credit card payments from Canada to Venezuela

Sending money with a credit card is quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.

If you want to send Canadian Dollars to Venezuela with a credit card, Wise has been the top rated provider in our comparison system for the last 3 months, being recommended 83.3% of the time.

Beware of charges

Credit card payments are often classified as cash advances, which bring their own charges, not to mention currency conversion and usage fees. And forgetting to pay your balance can result in high interest charges or even damage your credit score.

Debit card payments from Canada to Venezuela

Debit card payments let you send money from the Canada to Venezuela with the similar convenience of a credit card, and there are usually no tax advance fees. That said, when sending money from a debit card, you might still face currency exchange fees, processing fees, and other expenses, making this a pricier option than a simple bank transfer.

If you want to send Canadian Dollars to Venezuela with a debit card, Wise has been the top rated provider in our comparison system for the last 3 months, recommended 83.3% of the time.

Finding the best exchange rate for CAD to VES

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many Bolivars you can get for your Canadian Dollars. The average Canadian Dollar to Bolivar mid-market rate over the last month was 26.656, with a low of 26.5327 and a high of 26.7877.

For comparison, the best exchange rate for CAD to VES right now is through Wise, at a difference of -0.22%.

How we find the best transfer deals from Canada to Venezuela

We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Venezuela and Canada.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending Canadian Dollar to Venezuela, helping you in making smarter, simpler choices. We pride ourselves on our objective reviews, maintaining complete independence in our analysis and ratings.

Take a look at our comprehensive editorial policy for more information about our dedication to integrity and transparency.

Frequently asked questions

How much money can be transferred from Canada to Venezuela?
Are money transfers services regulated?
Can I send money from Canada to Venezuela with MoneyTransfers.com?

Send money to and from Canada

Contributors

Keith Hodges
Keith is a digital specialist with a background in the financial industry, both as a marketeer and a journalist. Keith joined MoneyTransfers.com in order to take the business to the next level and expand our offering in multiple international money transfer markets.
MoneyTransfers 2024. All Rights Reserved.