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How to Send Money from United States to Canada

Get the best deals when you transfer from United States to Canada. 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 Canada from United States.

Disclosure

Ways to send money from United States to Canada

The best rated provider for transfers from United States to Canada

Wise

Total number of USD - CAD providers

16

Average cheapest provider for transfers to Canada from United States

OFX

Average cost of the cheapest transfer from United States to Canada

$0

Best for bank transfers from United States to Canada

Wise

Best for debit card transfers from United States to Canada

Wise

Best for credit card transfers from United States to Canada

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 United States to Canada

Wise is the best way to send money to Canada from United States. This is based on cost, speed, and how easy it is to use.

We analyzed 16 providers that allow USD to CAD transfers. Wise emerged as the best option in 48.1% of searches.

How to send money from United States to Canada

Follow these steps to send money between United States and Canada

  1. Choose your provider. Register with the provider of your choice by clicking on the link above.

  2. Enter your details. Enter your details and provide any of the documents needed.

  3. Start your transfer. Tell your provider that you'd like to send money from United States to Canada, how much you'd like to send, and how you'd like to pay for your transfer. You'll also need to add your recipient's details.

  4. Check the recipient's details. This is really important. It can be very difficult to reverse a transfer from United States to Canada once it's been sent. Make sure all the details are correct before you submit.

  5. Send the money. When you've checked the details, you can make the transfer.

The cheapest way to send money from United States to Canada

The cheapest way to send money from United States to Canada is OFX. On average, transfers from United States to Canada with OFX cost $0, making them 0 cheaper than their nearest competitor.

OFX has been the cheapest way to send money from United States to Canada for the last three months, on average.

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

The current mid-market rate between USD and CAD is 1.359065. 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 three months, generally making sending money a little cheaper before fees.

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

OFX is the cheapest way to send money from United States to Canada, but make sure the timeframes work for you.

How the cost of sending money to Canada from United States is calculated

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

The mid-market rate

The current mid-market rate between USD and CAD is 1.359065. 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 Canada. This is why Instarem is listed as our cheapest option - they offer the best combination of US Dollar to Canadian Dollar rates (0.13) and fees (0).

Bank transfers from United States to Canada

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

If you want to send US Dollars to Canada via bank transfer, Wise has been the top rated provider in our comparison system for the last three months, recommended 44.8% of the time.

That’s because companies like Wise bypass the SWIFT network and rely on their own digital network of banks, making transfers faster and cheaper. As an example, Wise's transaction fees for US Dollars into Canada have averaged at 178.6 for the last three months. This is significantly lower than the fees charged by banks.

Credit card payments from United States to Canada

Credit card payments are 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 US Dollars to Canada with a credit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 65.1% of the time.

Note: Beware of charges

Credit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.

Debit card payments from United States to Canada

Debit card payments let you send money from the United States to Canada with the similar convenience of a credit card, and there are usually no tax advance fees. That said, 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 US Dollars to Canada with a debit card, Wise is your best option. They've been the top rated provider in our comparison system for the last three months, recommended 65.1% of the time.

Finding the best exchange rate for USD to CAD

The mid-market exchange rate changes daily, so timing your transfer can make a big difference to how many CADs you can get for your USDs. The average US Dollar to Canadian Dollar mid-market rate over the last month was 1.354, with a low of 1.345 and a high of 1.3624.

For comparison, the best exchange rate for USD to CAD right now is through Wise, at a difference of -0.05%.

How we find the best transfer deals from United States to Canada

We’ve compared the cost, speed, and product offering of the top money transfer services (including Wise) available between Canada and United States. Or comparison tool compares providers based on live fees, rates, and transfer times to make sure you get the best deal available.

We also produce unbiased, detailed reviews of all the top money transfer companies for sending US Dollar to Canada, 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.

Check your provider is regulated

You should only ever use regulated providers to transfer money. If a provider is not regulated, it’s likely to be a scam.

Remember: We will only ever recommend regulated financial institutions.

Looking to send money elsewhere? Here are the most popular transfer routes

These are the most popular transfer routes for sending money to and from USA.

FAQs

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Contributors

Aneeca Younas
Aneeca Younas, based in Abu Dhabi, is a distinguished writer specializing in Business Economics and Finance. With her robust academic background in Business Economics merged with a fervent passion for journalism, Aneeca stands out in the domain of international finance. Her extensive experience working with global finance companies has endowed her with a profound understanding of international money transfers, making her insights invaluable for those seeking to navigate the complexities of global financial transactions.
Mehdi Punjwani
Mehdi is an accomplished writer and editor, specializing in personal finance with over five years of experience. His expertise is reflected in his work for prominent brands such as MoneySuperMarket, Equifax, and The AA. Additionally, Mehdi contributes as an author at USA Today, further showcasing his proficiency in the field.