Key Currency is the best and cheapest service overall. On €7,000 you will get 11,248.55 CAD after fees and the exchange rate.
We’ve compared 12 money transfer companies in more detail below.
| 12 of 12 providers Last updated on 28 September 2026 | |||
| Based on 7,000 EUR transfer Best companies for EUR/CAD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee €31.26 1 EUR = 1.6108 CAD +0.01% vs mid-market | Recipient gets $11,225.53 Same day | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer €31.261 EUR = 1.6108 CAD $11,225.53You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 1.6029 CAD +0.50% vs mid-market | Recipient gets $11,220.30 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6029 CAD $11,220.30You pay€7,000.00 | |||
Run a live search Showing top Germany to Canada deals for 7,000 EUR. 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 EUR to CAD rates. | |||
Run a live search These companies offer multi-currency accounts for spending CAD. We suggest doing a live search based on how much EUR you're planning to spend in Canada. | |||
Run a live search These are managed services with real human support for large EUR transfers. Click the link and update the transfer amount to get the best deal. | |||
| Exclusive: Special Rate for 1st Transfer  Key Currency Pay via Bank transfer | Fee €0.00 1 EUR = 1.6069 CAD +0.25% vs mid-market | Recipient gets $11,248.55 Minutes - 3 days | |
Ways to receive money in Canada with Key Currency when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 3 days Free1 EUR = 1.6069 CAD $11,248.55You pay€7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1.6066 CAD +0.27% vs mid-market | Recipient gets $11,246.29 Minutes - 24 hours | |
Ways to receive money in Canada with Regency FX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6066 CAD $11,246.29You pay€7,000.00 | |||
 TorFx Pay via Bank transfer | Fee €0.00 1 EUR = 1.6061 CAD +0.30% vs mid-market | Recipient gets $11,242.91 Minutes - 24 hours | |
Ways to receive money in Canada with TorFx when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6061 CAD $11,242.91You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €31.26 1 EUR = 1.6108 CAD +0.01% vs mid-market | Recipient gets $11,225.53 Same day | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer €31.261 EUR = 1.6108 CAD $11,225.53You pay€7,000.00 | |||
 OFX Pay via Bank transfer | Fee €0.00 1 EUR = 1.6029 CAD +0.50% vs mid-market | Recipient gets $11,220.36 Minutes - 24 hours | |
Ways to receive money in Canada with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6029 CAD $11,220.36You pay€7,000.00 | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 1.6029 CAD +0.50% vs mid-market | Recipient gets $11,220.30 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6029 CAD $11,220.30You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 1.6029 CAD +0.50% vs mid-market | Recipient gets $11,220.30 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6029 CAD $11,220.30You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 1.6029 CAD +0.50% vs mid-market | Recipient gets $11,220.30 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6029 CAD $11,220.30You pay€7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee €0.00 1 EUR = 1.6023 CAD +0.54% vs mid-market | Recipient gets $11,216.10 Minutes - 24 hours | |
Ways to receive money in Canada with Currencies Direct when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 EUR = 1.6023 CAD $11,216.10You pay€7,000.00 | |||
| Wise Pay via iDEAL/WERO | Fee €41.41 1 EUR = 1.6108 CAD +0.01% vs mid-market | Recipient gets $11,209.18 Same day | |
Ways to receive money in Canada with Wise when paying by ideal/wero. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer €41.411 EUR = 1.6108 CAD $11,209.18You pay€7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee €2.48 1 EUR = 1.6001 CAD +0.68% vs mid-market | Recipient gets $11,196.70 Minutes - 24 hours | |
Ways to receive money in Canada with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €2.481 EUR = 1.6001 CAD $11,196.70You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €40.50 1 EUR = 1.6084 CAD +0.16% vs mid-market | Recipient gets $11,193.82 Within minutes | |
Ways to receive money in Canada with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €40.501 EUR = 1.6084 CAD $11,193.82You pay€7,000.00 | |||
| US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details. | |||
| Wise Pay via Debit card | Fee €86.34 1 EUR = 1.6108 CAD +0.01% vs mid-market | Recipient gets $11,136.80 Same day | |
Ways to receive money in Canada with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer €86.341 EUR = 1.6108 CAD $11,136.80You pay€7,000.00 | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee €3.99 1 EUR = 1.5917 CAD +1.20% vs mid-market | Recipient gets $11,135.34 Minutes - 2 days | |
Ways to receive money in Canada with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days €3.991 EUR = 1.5917 CAD $11,135.34You pay€7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee €0.00 1 EUR = 1.5884 CAD +1.40% vs mid-market | Recipient gets $11,118.87 Minutes - 2 days | |
Ways to receive money in Canada with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 EUR = 1.5884 CAD $11,118.87You pay€7,000.00 | |||
| Wise Pay via Credit card | Fee €128.42 1 EUR = 1.6108 CAD +0.01% vs mid-market | Recipient gets $11,069.02 Same day | |
Ways to receive money in Canada with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositSame dayAvailable via:Bank Transfer €128.421 EUR = 1.6108 CAD $11,069.02You pay€7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee €9.99 1 EUR = 1.5791 CAD +2.00% vs mid-market | Recipient gets $11,053.70 Minutes - 24 hours | |
Ways to receive money in Canada with MoneyGram when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €9.991 EUR = 1.5791 CAD $11,053.70You pay€7,009.99 Cash pickupMinutes - 24 hours €9.991 EUR = 1.5426 CAD $10,798.20You pay€7,009.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee €9.99 1 EUR = 1.5791 CAD +2.00% vs mid-market | Recipient gets $11,053.70 Minutes - 24 hours | |
Ways to receive money in Canada with MoneyGram when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €9.991 EUR = 1.5791 CAD $11,053.70You pay€7,009.99 Cash pickupMinutes - 24 hours €9.991 EUR = 1.5426 CAD $10,798.20You pay€7,009.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee €9.99 1 EUR = 1.5791 CAD +2.00% vs mid-market | Recipient gets $11,053.70 Minutes - 24 hours | |
Ways to receive money in Canada with MoneyGram when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hoursAvailable via:All Banks €9.991 EUR = 1.5791 CAD $11,053.70You pay€7,009.99 Cash pickupMinutes - 24 hours €9.991 EUR = 1.5426 CAD $10,798.20You pay€7,009.99 | |||
| How Our Results Work Mid-market rate: 1 EUR = 1.6110 CAD Updates every 60 minutes. | |||
Transfer details
For a one-off transfer from Germany, I suggest picking the cheapest option which is Key Currency.
On a 7,000 EUR transfer, Key Currency delivers the most CAD.
This will change depending on how much you actually send, so I suggest running a live search to get the best EUR/CAD rate.
You have 4 ways to pay, including bank transfer, debit card, credit card, and ideal.
First time round you'll need a photo ID and proof of your German address.
Video identification is also normal and takes a few minutes.
How much EUR you send to Canada 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 | |||||
|---|---|---|---|---|---|
| €1,000 | 0.14% | €1.50 | $1,605.85with bank transfer to bank deposit | +$30.69 | |
| €7,000This page | 0.25% | €0.00 | $11,248.55with bank transfer to bank deposit | +$75.84 |
Mid-market rate: 1 EUR = 1.6110 CAD
There are 12 companies for sending money from Germany to Canada, across broker, app, online, multi-currency account, global account, and in person, and more below.
Fastest and easiest way
Within the eurozone, SEPA covers all transfers, but outside, it gets very expensive and money transfer companies make it cheaper.
Sending €7,000 with Wise to Canada gets you 11,225.53 CAD with a €31.26 fee and 0.01% markup.
Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.
For paying in cash at a counter
There's no legal limit on how much you can send, so the counter in the kiosk, the callshop or the grocery store is still a popular way to send money internationally.
Deposit €7,000 to MoneyGram online, and choose cash pickup as delivery option. Once you pay, it should be available in minutes.
In general, online transfers are cheaper than sending cash to Canada.
For large transfers from Germany
For buying property, moving to Canada, or moving pensions, a currency broker is the best option.
A broker like Key Currency charges no fee and works on a margin. It adds 0.25% on EUR/CAD which gets negotiated the more you send.
And you get an account manager to help you through the process.
For some international payments above €50,000, German residents may need to file an AWV report with the Bundesbank, make sure to check in advance.
For making business payments
Global accounts are for businesses making payments to Canada.
Be it overseas suppliers and contractors, receiving CAD payments, or holding CAD and EUR in one business account.
Companies like Airwallex, WorldFirst, or Wise Business offer the best tools for international business transfers.
For spending & receiving
A multi-currency account lets you hold EUR and CAD in one account.
You get CAD bank details, and can receive international payments like rent, dividends, family payments without additional conversions.
You can convert CAD to EUR or EUR to CAD whenever you need.
The best multi currency account is Wise, it adds ~0.01% markup and charges small fees.
With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest way. Sending €7,000 gives your recipient 11,248.55 CAD.
You can pay for the transfer using bank transfer, debit card, credit card, and ideal.
Using German bank
A SEPA bank transfer is usually the cheapest way to deposit EUR.
An instant SEPA payment can reduce funding time, but it does not guarantee instant delivery to Canada.
The recipient in Canada can receive CAD by bank deposit and cash pickup.
To receive CAD by bank deposit
Enter the recipient's banking details and account holders name.
Check both before sending because correcting a bank deposit will delay the transfer.
They can receive cash in Canada
For cash pickup, the recipient needs to visit the nearest MoneyGram branch and bring a valid photo ID and the transfer reference number.
You pay €7,000.00
$11,249
Cheapest
You pay €7,000.00
$11,220
-$28
You pay €7,000.00
$11,220
-$28
You pay €7,000.00
$11,209
-$39
You pay €7,009.99
$10,798
-$450
You pay €7,009.99
$10,798
-$450
You pay €7,009.99
$10,798
-$450
The main question in Germany is whether you are sending euros inside SEPA or converting them. Large cross-border payments can also create a Bundesbank reporting duty.
For a €7,000 transfer to Canada, these are the best options:
Cheapest way to send money to Canada
The cheapest option is Key Currency, funded by bank transfer with bank deposit for the payout. Your recipient gets 11,248.55 CAD, which is 0.02% more than the next best option.
Fastest way to send money to Canada
The fastest option is Revolut. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 11,193.82 CAD in innerhalb von minuten.
Germany's AWV reporting threshold is €50,000.
A German resident may need to report a payment above that amount to the Bundesbank when it is made to a non-resident.
It is a statistics report, not a tax or permission request.
Transfers between your own domestic and foreign accounts are exempt, and other exemptions apply depending on the payment purpose.
The automated AWV notice shown by a bank does not mean every transfer is reportable.
The Bundesbank guidance for private individuals explains who reports, what is exempt and how to file.
If the recipient has a euro account in the SEPA area, a normal SEPA payment can be the simplest option.
A payment converted into CAD sits outside that pricing rule and may involve another bank or payout partner.
Check whether the quote uses SHA, OUR or BEN charges on a bank transfer.
This decides whether intermediary costs are shared, paid by you or deducted from what the recipient receives.
The EUR/CAD rate can move noticeably within a week, changing the amount your recipient gets in CAD.
Mid-market rate:1 EUR = 1.611444 CAD
Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.
We then track 12 of them on EUR to Canada, comparing rates, fees and the pay-in and payout options.
More on who we are, why you can trust us and how to get 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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