Key Currency is the best and cheapest service overall. On €7,000 you will get 11,199.01 CAD after fees and the exchange rate.
We’ve compared 11 money transfer companies in more detail below.
| 11 of 11 providers Last updated on 4 September 2026 This page updates weekly. We collect, store, and analyze EUR/CAD exchange rates from our comparisons. | |||
| Based on 7,000 EUR transfer Best companies for EUR/CAD transfersAll money transfer offers for EUR/CAD transfers, sorted by most CAD received. The first two offers may be sponsored promotions. Some offers here pay us a commission. | |||
| Promoted  Wise Pay via Bank transfer | Fee €31.26 1 EUR = 1.6039 CAD 0.00% vs mid-market | Recipient gets $11,177.02 Within a week | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer €31.261 EUR = 1.6039 CAD $11,177.02You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 1.5857 CAD +1.14% vs mid-market | Recipient gets $11,099.90 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 = 1.5857 CAD $11,099.90You 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 = 1.5999 CAD +0.25% vs mid-market | Recipient gets $11,199.01 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 = 1.5999 CAD $11,199.01You pay€7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1.5995 CAD +0.27% vs mid-market | Recipient gets $11,196.76 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 = 1.5995 CAD $11,196.76You pay€7,000.00 | |||
 TorFx Pay via Bank transfer | Fee €0.00 1 EUR = 1.5991 CAD +0.30% vs mid-market | Recipient gets $11,193.39 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 = 1.5991 CAD $11,193.39You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €31.26 1 EUR = 1.6039 CAD 0.00% vs mid-market | Recipient gets $11,177.02 Within a week | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer €31.261 EUR = 1.6039 CAD $11,177.02You pay€7,000.00 | |||
 OFX Pay via Bank transfer | Fee €0.00 1 EUR = 1.5958 CAD +0.50% vs mid-market | Recipient gets $11,170.94 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 = 1.5958 CAD $11,170.94You pay€7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee €0.00 1 EUR = 1.5954 CAD +0.53% vs mid-market | Recipient gets $11,167.80 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 = 1.5954 CAD $11,167.80You pay€7,000.00 | |||
| Wise Pay via iDEAL/WERO | Fee €41.41 1 EUR = 1.6039 CAD 0.00% vs mid-market | Recipient gets $11,160.74 Within a week | |
Ways to receive money in Canada with Wise when paying by ideal/wero. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer €41.411 EUR = 1.6039 CAD $11,160.74You pay€7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee €2.49 1 EUR = 1.5932 CAD +0.67% vs mid-market | Recipient gets $11,148.40 Minutes - 24 hours | |
Ways to receive money in Canada with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €2.491 EUR = 1.5932 CAD $11,148.40You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €40.50 1 EUR = 1.6017 CAD +0.14% vs mid-market | Recipient gets $11,147.10 Within minutes | |
Ways to receive money in Canada with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €40.501 EUR = 1.6017 CAD $11,147.10You 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. | |||
 Deutsche Bank Pay via Bank transfer | Fee €37.05 1 EUR = 1.5965 CAD +0.46% vs mid-market | Recipient gets $11,116.43 Minutes - 5 days | |
Ways to receive money in Canada with Deutsche Bank when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 5 days €37.051 EUR = 1.5965 CAD $11,116.43You pay€7,000.00 | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 1.5857 CAD +1.14% vs mid-market | Recipient gets $11,099.90 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 = 1.5857 CAD $11,099.90You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 1.5857 CAD +1.14% vs mid-market | Recipient gets $11,099.90 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 = 1.5857 CAD $11,099.90You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 1.5857 CAD +1.14% vs mid-market | Recipient gets $11,099.90 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 = 1.5857 CAD $11,099.90You pay€7,000.00 | |||
| Wise Pay via Debit card | Fee €86.34 1 EUR = 1.6039 CAD 0.00% vs mid-market | Recipient gets $11,088.68 Within a week | |
Ways to receive money in Canada with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer €86.341 EUR = 1.6039 CAD $11,088.68You pay€7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee €0.00 1 EUR = 1.5814 CAD +1.40% vs mid-market | Recipient gets $11,069.90 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 = 1.5814 CAD $11,069.90You pay€7,000.00 | |||
| Wise Pay via Credit card | Fee €128.42 1 EUR = 1.6039 CAD 0.00% vs mid-market | Recipient gets $11,021.19 Within a week | |
Ways to receive money in Canada with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositWithin a weekAvailable via:Bank Transfer €128.421 EUR = 1.6039 CAD $11,021.19You pay€7,000.00 | |||
| How Our Results Work Mid-market rate: 1 EUR = 1.603868 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.
There are 11 companies for sending money from Germany to Canada, across broker, online, app, multi-currency account, global account, and bank, 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 11,177.02 CAD with a €31.26 fee and 0% markup.
Debit cards (and Apple Pay / Google Pay) usually have instant deposits, but your girocard usually won't work as a funding method.
For Euro transfers only
Inside the eurozone, banks use a SEPA transfer which is cheap or free and there's little reason to look further.
Outside the eurozone, banks like Deutsche Bank are much more expensive.
On a €7,000 transfer, Deutsche Bank delivers 11,116.43 CAD vs 11,199.01 CAD with Key Currency.
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% 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 11,199.01 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.
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.
You pay €7,000.00
$11,199
Cheapest
You pay €7,000.00
$11,161
-$38
You pay €7,000.00
$11,100
-$99
You pay €7,000.00
$11,100
-$99
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 11,199.01 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 11,147.1 CAD in within minutes.
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 = 1.604376 CAD
Nothing reaches this table without going through our review first, and every company is BaFin-registered or passported into Germany.
We then track 11 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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