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Table of contents
In most cases, the cheapest way to send money from Canada is with a money transfer company funded through your bank account.
If you are sending money within Canada, use an ordinary Interac e-Transfer through your bank, you don’t need an international money transfer company.
But for international transfers the cheapest and best options change with the destination, amount and how your recipient gets the money.
Use the form below to compare the final amount your recipient gets.
Money Transfer Comparison
Fill in the form and we’ll find you the best rates.
Cheapest ways to send CAD abroad right now:
Before we go through your options, I think it would be more useful to give you the cheapest options right now:
Last updated at 2026-10-26
CAD USD
Mid Market Rate$1 = $0.7137$1 = $0.7142
Transfer Amount$500$1,000
1
Remitly
2
TapTap Send
3
Africhange
1
Remitly
2
TapTap Send
3
Africhange
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
$357.65
Within a week
0.7153
-0.22
Bank Transfer
$0.00
$357.50
Minutes
0.7150
-0.18
Debit Card
$0.00
$355.71
Minutes
0.7114
0.32
Bank Transfer
$6.00
$718.00
Next day
0.7180
-0.54
Bank Transfer
$0.00
$715.00
Minutes
0.7150
-0.12
Debit Card
$0.00
$712.02
Minutes
0.7120
0.30
Bank Transfer
$6.00
CAD EUR
Mid Market Rate$1 = €0.6362$1 = €0.6375
Transfer Amount$500$1,000
1
Remitly
2
Western Union
3
Africhange
1
Remitly
2
Western Union
3
Currencies Direct
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
€322.50
Within a week
0.6450
-1.37
Bank Transfer
$0.00
€317.75
Next Day
0.6355
0.11
Debit Card
$0.00
€317.15
Minutes
0.6343
0.30
Bank Transfer
$6.00
€646.00
Next day
0.6460
-1.32
Bank Transfer
$0.00
€635.51
Next Day
0.6355
0.32
Debit Card
$0.00
€634.30
6-12 Hours
0.6343
0.50
Bank Transfer
$0.00
CAD PLN
Mid Market Rate$1 = zł 2.8021$1 = zł 2.8066
Transfer Amount$500$1,000
1
Remitly
2
Currencies Direct
3
OFX
1
Remitly
2
OFX
3
Currencies Direct
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
zł 1,406.50
Within a week
2.8130
-0.39
Bank Transfer
$1.99
zł 1,392.00
6-12 Hours
2.7840
0.65
Bank Transfer
$0.00
zł 1,391.92
6-12 Hours
2.7838
0.65
Bank Transfer
$0.00
zł 2,793.40
Next day
2.7934
0.47
Bank Transfer
$1.99
zł 2,788.39
6-12 Hours
2.7884
0.65
Bank Transfer
$0.00
zł 2,786.20
6-12 Hours
2.7862
0.73
Bank Transfer
$0.00
CAD INR
Mid Market Rate$1 = ₹67.8926$1 = ₹67.8061
Transfer Amount$500$1,000
1
Remitly
2
Western Union
3
TapTap Send
1
Remitly
2
Western Union
3
TapTap Send
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
₹34,610.00
Within a week
69.2200
-1.94
Bank Transfer
$0.00
₹34,185.00
Next Day
68.3685
-0.70
Debit Card
$0.00
₹33,850.00
Minutes
67.7000
0.28
Debit Card
$1.99
₹69,100.00
Next day
69.1000
-1.89
Bank Transfer
$0.00
₹68,328.00
Next Day
68.3275
-0.77
Debit Card
$0.00
₹67,700.00
Minutes
67.7000
0.16
Debit Card
$1.99
CAD MXN
Mid Market Rate$1 = $13.3537$1 = $13.3322
Transfer Amount$500$1,000
1
Remitly
2
Western Union
3
Instarem
1
Remitly
2
Western Union
3
TapTap Send
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
$6,945.00
Within a week
13.8900
-3.94
Bank Transfer
$0.00
$6,763.00
Next Day
13.5242
-1.27
Debit Card
$0.00
$6,665.00
6-12 Hours
13.3300
0.18
-
$0.00
$13,850.00
Next day
13.8500
-3.81
Bank Transfer
$0.00
$13,525.00
Next Day
13.5242
-1.43
Debit Card
$0.00
$13,300.00
Minutes
13.3000
0.24
Debit Card
$0.00
CAD GBP
Mid Market Rate$1 = £0.5337$1 = £0.534
Transfer Amount$500$1,000
1
Remitly
2
Currencies Direct
3
Koho
1
Remitly
2
Africhange
3
Koho
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
£268.15
Within a week
0.5363
-0.49
Bank Transfer
$0.00
£265.45
6-12 Hours
0.5309
0.52
Bank Transfer
$0.00
£265.33
Within minutes
0.5335
0.03
Bank Transfer
$2.67
£536.50
Next day
0.5365
-0.47
Bank Transfer
$0.00
£532.37
Minutes
0.5324
0.29
Bank Transfer
$6.00
£531.81
Within minutes
0.5339
0.01
Bank Transfer
$3.92
CAD PHP
Mid Market Rate$1 = ₱45.6022$1 = ₱45.4333
Transfer Amount$500$1,000
1
Remitly
2
Western Union
3
Koho
1
Remitly
2
Western Union
3
WorldRemit
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
₱23,100.00
Within a week
46.2000
-1.30
Bank Transfer
$0.00
₱23,033.67
Next Day
46.0673
-1.01
Debit Card
$0.00
₱22,660.36
Next day
45.5500
0.11
Bank Transfer
$2.52
₱46,000.00
Next day
46.0000
-1.24
Bank Transfer
$0.00
₱45,943.46
Next Day
45.9435
-1.12
Debit Card
$0.00
₱45,510.46
Next Day
45.6928
-0.57
Debit Card
$3.99
CAD NGN
Mid Market Rate$1 = ₦960.7015$1 = ₦951.3015
Transfer Amount$500$1,000
1
Remitly
2
Africhange
3
Wise
1
Remitly
2
Africhange
3
TapTap Send
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
₦495,545.00
Within a week
991.0900
-3.11
Bank Transfer
$0.00
₦485,000.00
Minutes
970.0000
-0.96
Bank Transfer
$0.00
₦484,594.74
Same day
979.7710
-1.97
Bank Transfer
$5.40
₦976,310.00
Next day
976.3100
-2.59
Bank Transfer
$0.00
₦975,000.00
Minutes
975.0000
-2.46
Bank Transfer
$0.00
₦965,000.00
Minutes
965.0000
-1.43
Debit Card
$0.00
CAD COP
Mid Market Rate$1 = $2,255.3469$1 = $2,264.8946
Transfer Amount$500$1,000
1
Western Union
2
Remitly
3
Instarem
1
Western Union
2
Remitly
3
WorldRemit
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
$1,162,653.00
Next Day
2325.3046
-3.05
Debit Card
$0.00
$1,140,235.00
Within a week
2280.4700
-1.11
Bank Transfer
$0.00
$1,122,741.10
6-12 Hours
2245.4822
0.44
-
$0.00
$2,325,305.00
Next Day
2325.3046
-2.63
Debit Card
$0.00
$2,281,430.00
Next day
2281.4300
-0.73
Bank Transfer
$0.00
$2,233,565.70
Next Day
2238.0194
1.19
Debit Card
$1.99
CAD GHS
Mid Market Rate$1 = GH₵8.2539$1 = GH₵8.2746
Transfer Amount$500$1,000
1
TapTap Send
2
Africhange
3
MoneyGram
1
TapTap Send
2
MoneyGram
3
Remitly
They get
Delivery Time
Exchange rate
Markup
Cheapest payment method
Transfer fee
GH₵4,154.80
Minutes
8.3096
-0.67
Debit Card
$0.00
GH₵4,150.00
Minutes
8.3000
-0.56
Bank Transfer
$0.00
GH₵4,136.85
6-12 Hours
8.2737
-0.24
Debit Card
$0.00
GH₵8,309.60
Minutes
8.3096
-0.42
Debit Card
$0.00
GH₵8,273.70
6-12 Hours
8.2737
0.01
Debit Card
$0.00
GH₵8,216.30
Within minutes
8.2163
0.71
Debit Card
$0.00
Table updates weekly. All information comes directly from our comparisons, provider APIs, and manual rate collection.
Since rates change all the time, this table shows the cheapest options right now, while the list below covers companies that are generally competitive for different types of transfer.
The cheapest online money transfer options from Canada
Here I’ve outlined the generally cheapest ways to send money from Canada based on our comparisons, live exchange rates, and editorial reviews.
I suggest using this list as a starting point, and then comparing your options using our form above for your specific amount and destination.
Easiest to start with
9.2
Wise
Fees
0.1% - 2.6%
Exchange Rate Markup
0%
Transfer Speed
Minutes - 24 hours
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Fastest delivery
8.2
Remitly
Fees
None
Exchange Rate Markup
0.1% - 1.3%
Transfer Speed
Minutes - 3 days
"Remitly focuses on sending money to friends and family in Asia, Africa and South America. Wide coverage and well-suited to regular transfers home."
"Send money securely from Canada to 100+ countries worldwide."
Transfers to Africa
8.3
Africhange
Fees
Exchange Rate Markup
Transfer Speed
"Africhange helps its customers send money to and from Africa, with licenses in Canada and the UK."
For large international transfers
8.6
Key Currency
Fees
None
Exchange Rate Markup
0.2% - 2%
Transfer Speed
Minutes - 3 days
"Key Currency offers a personal service with a dedicated account manager. There are no transfer limits or fees which is perfect for larger send amounts."
Cash pickup
7.1
MoneyGram
Fees
1% - 3%
Exchange Rate Markup
2 - 4%
Transfer Speed
Minutes - 24 hours
"Moneygram is a well established service with over 80 years in the sector. They support over 200 countries worldwide and have over 440,000 retail locations."
Existing Simplii customers
?
Simplii
Fees
Exchange Rate Markup
Transfer Speed
A note from me
I’ve excluded traditional bank wires from your bank, since most of the time it's much more expensive, and instead I’ve added banks comparison separately lower down the page.
Wise is the easiest one to start with
Wise in my opinion is just very easy to start with.
Their pricing is transparent, they mainly do bank deposits, they use the mid-market rate and transparent fees, and their app is really easy to use.
But the transparency does not mean Wise will always be cheapest.
Another money transfer service may offer more for a particular destination, especially when the recipient needs a local wallet or cash pickup.
The way you fund Wise also changes the price.
Money already held in Wise or a bank-funded payment will usually cost less than paying by debit or credit card.
A credit card issuer can also treat the payment as a cash advance and add its own charge.
So it’s worth comparing the options, and the pay-in/pay-out methods (we show both in our comparisons).
I suggest Wise when you and your recipient are happy with digital payments on both ends. If you need cash or mobile wallets, I’d consider Remitly, Xe, or RemitBee.
Remitly offers cash delivery
Remitly can price the same transfer differently depending on how you pay and how your recipient collects it.
Depending on the destination, the money can go to a bank account, mobile wallet or cash-pickup location, or can be delivered to your recipient.
That makes it useful when the cheapest bank deposit is not practical for your recipient.
Remitly also runs multiple offers on first-time transfers, so if it's your first transfer, it might be worth considering.
Here’s how much you will get with Remitly Economy (without promo rates):
Africhange also applies a better CAD to NGN rate once eligible monthly transfers reach CAD$10,000.
This only helps on supported currency pairs, so it is not a general large-transfer discount.
I think it’s one of the better options for transfers to Africa from Canada. TapTap Send is another good option, they offer more receiving options but are a bit more expensive.
Western Union often runs great promotions on first transfers, but their transfer limits and deposit/receiving options are a bit more limited compared to MoneyGram.
Simplii for convenience
Simplii Global Money Transfer is easy to price if you already have an eligible Simplii account.
I personally don’t think it’s worth opening a new account just to send money abroad, it’s usually more expensive than other options above.
It charges no separate transfer fee and lets you send up to CAD$75,000 in a 24-hour period, although some destinations have lower limits.
Payments can go to international bank accounts and selected cards or mobile wallets.
But the bulk of the cost comes from their exchange rates.
If you already have a Simplii account, check it first and then compare against our live comparison.
Table updates weekly. All information comes directly from our comparisons, provider APIs, and manual rate collection.
How to save more on transfers from Canada?
Here are a few tips on saving a bit more when making transfers abroad.
Compare the recipient amount
A CAD$0 fee does not make a transfer free.
The company can include its cost in the exchange rate instead.
Run a live search for your exact amount and you’ll see the difference.
Pay from your bank account where possible
EFT, bill payment and Interac e-Transfer funding will normally cost less than a card payment.
Ordinary Interac e-Transfer is a domestic payment method, when an international transfer company accepts it, you are using Interac to fund its Canadian account.
The company handles the conversion, international payment and transfer from there.
Compare the delivery methods separately
Bank deposit is normally cheaper than cash pickup, but it is not an alternative when your recipient does not have a suitable account.
Our live comparisons show you available funding and receiving methods, so you can easily pick the cheapest combination.
Make use of money transfer offers
A first-transfer offer can be the cheapest choice for one payment.
It is worth using the promotion rates, especially if it’s your first transfer.
These companies often have the best money transfer offers on first transfers:
But for a large property, tuition or relocation payment, I would also consider the help available from a broker.
Compare the cheapest transfer for your destination
Fill in the form below to get the best deal on money transfers from Canada.
Our methodology and why you can trust us
We compare companies using the same destination, amount, payment method and delivery method.
We looked at the amount received after the known transfer fee and exchange-rate cost.
We also considered Canadian funding methods, delivery options, transfer limits and support where it changes the decision.
Our live comparison data is refreshed weekly. We use repeat transfer pricing by default and label first-transfer promotions separately.
Canadian availability and regulatory status are checked beforehand.
We may receive a commission when you use a money transfer service through MoneyTransfers.com, but this does not determine which companies we include or their order.
Artiom is a marketing graduate from the University of Portsmouth and has been working across personal finance and remittance industries for several years. He optimises the organic experience on MoneyTransfers.com with the content team, manages and creates unique marketing tactics, and generally supports the overall growth of the website.
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