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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 100% of Germany to Canada searches, and was the top rated company out of 24 that support EUR to CAD.
So for a great mix of cost, speed & features, make your Germany to Canada transfer using Wise.
How to get the best deal on your Germany to Canada transfer
Summary of recent searches
Important things to consider before sending money from Germany to Canada
Don't settle for the first option. Always compare ways to send money from Germany to Canada to find out about fees, speed, and reliability.
Our analysis included 24 providers that operate between Germany and Canada.
Through this, you get a comprehensive view of all the options you have in Germany when you need to send money to Canada.
Cheapest way to send money to Canada from Germany: OFX
Data collected over the past six months shows that OFX is 0.5% cheaper than the second-best option.
The €0 transfer cost represents the most common fee for EUR to CAD international transfers, based on data from the past six months.
If you want to secure the best rates on a EUR to Canada transfer, make sure you pick OFX to send your money online.
*The most common fee applied to EUR-CAD by OFX, based on data from the past six months.
Fastest way to send money from Germany to Canada: Western Union
Our data shows that Western Union came up as the fastest way to send money from Germany to Canada in 36.9% of searches. This makes them well suited to urgent EUR to CAD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Germany to Canada - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Western Union is your best choice at the moment. This service emerged as the quickest way to send money to Canada from Germany in 36.9% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send EUR from Germany to Canada, it’s the provider that will keep you safe and relaxed while your money moves into CAD.
Understanding the costs involved when moving money from Germany to Canada
When calculating the costs of money transfers between Germany and Canada, here's what really matters:
The Mid-Market Rate: Today, the EUR-CAD mid-market rate equals to 1.4994 CAD per Euro.
The EUR-CAD average exchange rate for the past three months has been 1.489 CAD per Euro, with a high of 1.5175 and a low of 1.4605.
When looking to send money, we'd recommend Wise. On average Wise is 0% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from EUR to CAD.
How to find the best exchange rate for Euro to Canadian Dollar
Timing is essential for sending money between EUR and CAD. The exchange rate you secure impacts how much CAD you get for your EUR.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from EUR to CAD has seen some fluctuation. On average, it stood at 1.489.
During this period, the highest value recorded was 1.5175, while the lowest was 1.4605.
Wise, which is our recommended service to send money online from Germany to Canada offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best EUR-Canadian Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Germany to Canada!
Payment methods available to fund your Germany to Canada transfer
Bank transfers
Bank transfers are often the default option for sending money from Germany to Canada.
By using a money transfer company such as OFX for transfers from Germany to Canada, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, OFX is the cheapest provider for bank transfers from the 24 we tested when sending EUR to Canada.
With an average fee of EUR0 to send money from Germany to Canada, OFX offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Germany to Canada with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Germany to Canada, competing among a total of 24 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Germany to Canada, Xe emerges as our top choice of the 24 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Canada and Germany.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Germany to Canada.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send EUR to CAD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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