We compared 13 companies sending money from the United States to Canada. Key Currency is the best and cheapest, while Regency FX is the fastest.
Sending $7,000 with Key Currency gets your recipient 9,879.89 CAD at 1.4114 CAD per USD.
| 13 of 13 providers Last updated on 26 September 2026 | |||
| Based on 7,000 USD transfer Best companies for USD/CAD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee $26.90 1 USD = 1.4141 CAD +0.06% vs mid-market | Recipient gets $9,860.31 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 $26.901 USD = 1.4141 CAD $9,860.31You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 USD = 1.3979 CAD +1.21% vs mid-market | Recipient gets $9,785.30 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.3979 CAD $9,785.30You pay$7,000.00 | |||
Run a live search Showing top United States to Canada deals for 7,000 USD. 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 USD 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 USD you're planning to spend in Canada. | |||
Run a live search These are managed services with real human support for large USD 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 USD = 1.4114 CAD +0.25% vs mid-market | Recipient gets $9,879.89 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 USD = 1.4114 CAD $9,879.89You pay$7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 1.4111 CAD +0.27% vs mid-market | Recipient gets $9,877.91 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 USD = 1.4111 CAD $9,877.91You pay$7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Bank transfer | Fee $1.99 1 USD = 1.4094 CAD +0.39% vs mid-market | Recipient gets $9,865.80 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 $1.991 USD = 1.4094 CAD $9,865.80You pay$7,001.99 Cash pickupMinutes - 24 hours $5.991 USD = 1.4094 CAD $9,865.80You pay$7,005.99 | |||
| Wise Pay via Bank transfer | Fee $26.90 1 USD = 1.4141 CAD +0.06% vs mid-market | Recipient gets $9,860.31 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 $26.901 USD = 1.4141 CAD $9,860.31You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 USD = 1.4079 CAD +0.50% vs mid-market | Recipient gets $9,855.13 Minutes - 24 hours | |
Ways to receive money in Canada with OFX when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.4079 CAD $9,855.13You pay$7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee $0.00 1 USD = 1.4070 CAD +0.56% vs mid-market | Recipient gets $9,849.00 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 USD = 1.4070 CAD $9,849.00You pay$7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee $2.83 1 USD = 1.4055 CAD +0.67% vs mid-market | Recipient gets $9,834.50 Minutes - 24 hours | |
Ways to receive money in Canada with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $2.831 USD = 1.4055 CAD $9,834.50You pay$7,000.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 USD = 1.3979 CAD +1.21% vs mid-market | Recipient gets $9,785.30 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours Free1 USD = 1.3979 CAD $9,785.30You pay$7,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fee $60.79 1 USD = 1.3976 CAD +1.23% vs mid-market | Recipient gets $9,783.20 Minutes - 24 hours | |
Ways to receive money in Canada with MoneyGram when paying by cash deposit. MethodFee & ratesRecipient gets Cash pickupMinutes - 24 hours $60.791 USD = 1.3976 CAD $9,783.20You pay$7,060.79 | |||
 Moneycorp Pay via Bank transfer | Fee $0.00 1 USD = 1.3951 CAD +1.40% vs mid-market | Recipient gets $9,765.98 Minutes - 2 days | |
Ways to receive money in Canada with Moneycorp when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 USD = 1.3951 CAD $9,765.98You pay$7,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit card | Fee $1.99 1 USD = 1.3947 CAD +1.44% vs mid-market | Recipient gets $9,762.90 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 $1.991 USD = 1.3947 CAD $9,762.90You pay$7,001.99 Cash pickupMinutes - 24 hours $75.991 USD = 1.3818 CAD $9,672.60You pay$7,075.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $177.99 1 USD = 1.3947 CAD +1.44% vs mid-market | Recipient gets $9,762.90 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 $177.991 USD = 1.3947 CAD $9,762.90You pay$7,177.99 Cash pickupMinutes - 24 hours $179.991 USD = 1.3818 CAD $9,672.60You pay$7,179.99 | |||
| Xe Pay via Debit card | Fee $35.00 1 USD = 1.3979 CAD +1.21% vs mid-market | Recipient gets $9,736.37 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $35.001 USD = 1.3979 CAD $9,736.37You pay$7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee $110.50 1 USD = 1.4095 CAD +0.39% vs mid-market | Recipient gets $9,710.85 Next day | |
Ways to receive money in Canada with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext day $110.501 USD = 1.4095 CAD $9,710.85You 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. | |||
| Only available via Mobile App  WorldRemit Pay via Debit card | Fee $2.99 1 USD = 1.3868 CAD +2.01% vs mid-market | Recipient gets $9,703.52 Minutes - 2 days | |
Ways to receive money in Canada with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days $2.991 USD = 1.3868 CAD $9,703.52You pay$7,000.00 | |||
 Chase Pay via Bank transfer | Fee $0.00 1 USD = 1.3672 CAD +3.43% vs mid-market | Recipient gets $9,570.32 | |
Ways to receive money in Canada with Chase when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 USD = 1.3672 CAD $9,570.32You pay$7,000.00 | |||
 Wells Fargo Pay via Bank transfer | Fee $0.00 1 USD = 1.3583 CAD +4.08% vs mid-market | Recipient gets $9,508.38 | |
Ways to receive money in Canada with Wells Fargo when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 USD = 1.3583 CAD $9,508.38You pay$7,000.00 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 1.3979 CAD +1.21% vs mid-market | Recipient gets $9,491.74 Minutes - 24 hours | |
Ways to receive money in Canada with Xe when paying by credit card. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $210.001 USD = 1.3979 CAD $9,491.74You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 1.4149 CAD Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Key Currency is the best option.
For recurring transfers, I'd suggest using an app or a multi-currency account with MoneyGram.
For large transfers using a broker like Key Currency is the best option.
If your recipient needs cash, MoneyGram is the cheapest.
How much you send will affect the best option for you right now.
You have 4 ways to pay for your transfer to Canada, including bank transfer, debit card, credit card, and cash deposit.
Usually, using bank transfer to fund your transfer is the cheapest but slowest option (ACH and takes a day or two).
You can use a debit card, Apple Pay and Google Pay for quicker deposit but its a bit more expensive.
I suggest avoiding credit cards since these are most expensive and have cash advance fees (Amex is very rarely accepted in general).
First time round you'll need to confirm who you are.
An SSN isn't required, an ITIN or a foreign passport works with most companies here.
There are 13 companies available for sending money from the US to Canada, across broker, app, online, multi-currency account, global account, bank, and in person, and more.
For regular transfers home
If you send a few hundred dollars home every payday, an app is usually the cheapest way and the least work.
MoneyGram charges $1.99 on a $7,000 transfer with 0.39% markup, saves your recipient's details for next time, and CAD arrives in minutes - 24 hours.
Funding from a US bank account or debit card avoids the 1% federal tax that applies to cash-funded transfers.
Sending without a US bank account
Paying in cash at an agent can work without a US bank account.
The ID accepted depends on the company and the amount, so check before visiting if you do not have an SSN.
Hand $7,000 to a MoneyGram agent in the US, and your recipient will get 9,865.8 CAD in minutes - 24 hours.
However, transfers funded with cash or a money order carry a 1% federal tax from January 2021. To avoid it, fund with a debit card or bank account instead (most agents take both).
For one-off transfers
For a one-off transfer, an online service funded from your checking account is usually the cheapest way to send money to Canada.
Of all online companies listed here, MoneyGram gets you the most CAD per USD.
On a $7,000 transfer, you will get 9,865.8 CAD after a $1.99 fee and 0.39% markup.
But, bank funding (ACH) takes 1 to 3 business days to clear, while debit cards (and Google Pay/Apple Pay) are usually instant but cost a bit more.
For transfers over $10,000
For large transfers to Canada (e.g. a property purchase, tuition, or moving to Canada), a broker like Key Currency charges no fee, gives you a dedicated account manager, and adds 0.25% markup on USD/CAD that gets lower the more you send.
It's also good to check Wise since you get a bulk discount on transfers over $25,000.
Only if you have to
Wiring money abroad from your bank is the most expensive option.
On a $7,000 transfer, a bank like Chase gets your recipient 9,570.32 CAD, against 9,879.89 CAD with Key Currency (the overall cheapest option).
The wire "feels" official, but regulated money transfer companies are just as safe with their own protection and rules.
Business payments from the US
Global accounts are for US businesses paying people abroad.
Companies like Airwallex, WorldFirst, or Payoneer handle the recurring and batch payments, invoicing, tracking, and more.
Holding & spending currencies
A multi-currency account like Wise is the best for holding and receiving CAD.
This is useful for traveling to Canada, building up CAD balance, or receiving payments in CAD.
Wise converts $7,000 at 0.06% markup plus small fee and holds the CAD until you spend it.
With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 9,879.89 CAD.
Deposit USD by bank transfer, debit card, credit card, and cash deposit.
The simplest way is to pay from your US checking account
Pay by bank transfer using your routing and account numbers.
An ACH payment is usually cheaper than a card, but the it may take some time for it to clear before a money transfer company can send the money to Canada.
You can deposit cash
You'll need to visit nearest MoneyGram branch and had over $7,000.
MoneyGram is the cheapest option and will get you 9,865.8 CAD on $7,000 transfer after fees.
Transfers funded with physical cash are subject to the 1% US remittance transfer tax, but funding from a US bank account or with a US-issued debit or credit card is exempt.
Zelle, Venmo and Cash App only support domestic transfers, so they cannot send money to Canada.
Your recipient in Canada can collect CAD through bank deposit and cash pickup.
They can collect cash in Canada
Your recipient can collect CAD from a participating MoneyGram location in Canada.
They should take a valid photo ID and the collection reference, and check that the name on the transfer matches their ID.
You pay $7,000.00
$9,880
Cheapest
You pay $7,005.99
$9,866
-$14
You pay $7,060.79
$9,783
-$97
You pay $7,001.99
$9,763
-$117
You pay $7,177.99
$9,763
-$117
You pay $7,075.99
$9,673
-$207
You pay $7,179.99
$9,673
-$207
The way you fund the transfer now affects the tax, while US law gives you specific rights if something goes wrong.
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 9,879.89 CAD, which is 0.02% more than the next best option.
Fastest way to send money to Canada
The fastest option is Regency FX. Pay by bank transfer and choose bank deposit for the payout. Your recipient gets 9,877.91 CAD, with the money arriving in minutes - 24 hours.
Since January 1, 2026, a 1% federal tax applies when an international transfer is funded with cash, a money order, a cashier's check or a traveler's check.
Funding from a US bank account, including ACH, or with a US-issued debit or credit card is exempt.
The rule applies to how you pay in, so your recipient can still collect cash without triggering the tax.
There is no federal cap on how much of your own money you can send electronically abroad.
Your bank or transfer company can set its own limit and ask for proof of where a large or unusual payment came from.
Cash reports and the declaration for physically carrying more than $10,000 across the US border are separate rules.
Do not split cash transactions to avoid a report.
The US Remittance Transfer Rule requires a covered company to show the exchange rate, fees and expected amount received before you pay.
You can normally cancel within 30 minutes at no charge, provided the money has not been deposited or collected.
You also have error-resolution rights if the wrong amount arrives or the transfer never turns up.
Contact the company first and keep the receipt.
For transfers over $10,000, Wise is the best option.
It offers the best exchange rate, which is more important than the fee for large transfers to Canada.
While Wise may not always be the cheapest or fastest way to send CAD, they offer years of experience, and will offer you the peace of mind you need when sending large amounts abroad.
The rate changes how much CAD your recipient gets for your USD. Recent movement gives you a useful benchmark before you send.
Mid-market rate:1 USD = 1.41495 CAD
We track, save, and analyze the cost, speed, and product offerings of the leading money transfer services available between Canada and United States.
We work with leading money transfer companies to provide real time fees and exchange rates.
We also conduct detailed company reviews, combined with in-depth analysis, we can offer the best deals on the market - every time you want to transfer money from United States to Canada.
For a deeper understanding of our commitment to integrity and transparency, check out these articles:
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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