Xe is the cheapest right now for transfers from Italy. Using a debit card deposit into a bank deposit will get you 10,921.4 CAD in Canada.
For speed, Revolut is fastest, with delivery in within minutes.
| 12 of 12 providers Last updated on 28 October 2026 | |||
| Based on 7,000 EUR transfer Best companies for EUR/CAD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee €31.26 1 EUR = 1.5633 CAD -0.01% vs mid-market | Recipient gets $10,893.88 Next day | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer €31.261 EUR = 1.5633 CAD $10,893.88You pay€7,000.00 | |||
| Promoted  Xe Pay via Debit card | Fee €0.00 1 EUR = 1.5602 CAD +0.18% vs mid-market | Recipient gets $10,921.40 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 = 1.5602 CAD $10,921.40You pay€7,000.00 | |||
Run a live search Showing top Italy 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. | |||
| Xe Pay via Debit card | Fee €0.00 1 EUR = 1.5602 CAD +0.18% vs mid-market | Recipient gets $10,921.40 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 = 1.5602 CAD $10,921.40You pay€7,000.00 | |||
| Xe Pay via Bank transfer | Fee €0.00 1 EUR = 1.5602 CAD +0.18% vs mid-market | Recipient gets $10,921.40 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 = 1.5602 CAD $10,921.40You pay€7,000.00 | |||
| Xe Pay via Credit card | Fee €0.00 1 EUR = 1.5602 CAD +0.18% vs mid-market | Recipient gets $10,921.40 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 = 1.5602 CAD $10,921.40You pay€7,000.00 | |||
| Exclusive: Special Rate for 1st Transfer  Key Currency Pay via Bank transfer | Fee €0.00 1 EUR = 1.5591 CAD +0.25% vs mid-market | Recipient gets $10,914.00 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 = 1.5591 CAD $10,914.00You pay€7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee €0.00 1 EUR = 1.5588 CAD +0.27% vs mid-market | Recipient gets $10,911.82 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 = 1.5588 CAD $10,911.82You pay€7,000.00 | |||
 TorFx Pay via Bank transfer | Fee €0.00 1 EUR = 1.5584 CAD +0.30% vs mid-market | Recipient gets $10,908.53 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 = 1.5584 CAD $10,908.53You pay€7,000.00 | |||
| Wise Pay via Bank transfer | Fee €31.26 1 EUR = 1.5633 CAD -0.01% vs mid-market | Recipient gets $10,893.88 Next day | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer €31.261 EUR = 1.5633 CAD $10,893.88You pay€7,000.00 | |||
 OFX Pay via Bank transfer | Fee €0.00 1 EUR = 1.5552 CAD +0.50% vs mid-market | Recipient gets $10,886.65 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 = 1.5552 CAD $10,886.65You pay€7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee €0.00 1 EUR = 1.5552 CAD +0.50% vs mid-market | Recipient gets $10,886.40 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 = 1.5552 CAD $10,886.40You pay€7,000.00 | |||
| Wise Pay via iDEAL | Fee €41.41 1 EUR = 1.5633 CAD -0.01% vs mid-market | Recipient gets $10,878.02 Next day | |
Ways to receive money in Canada with Wise when paying by ideal. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer €41.411 EUR = 1.5633 CAD $10,878.02You pay€7,000.00 | |||
 CurrencyFair Pay via Bank transfer | Fee €2.56 1 EUR = 1.5528 CAD +0.66% vs mid-market | Recipient gets $10,865.60 Minutes - 24 hours | |
Ways to receive money in Canada with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours €2.561 EUR = 1.5528 CAD $10,865.60You pay€7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee €60.65 1 EUR = 1.5594 CAD +0.23% vs mid-market | Recipient gets $10,821.38 Within minutes | |
Ways to receive money in Canada with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes €60.651 EUR = 1.5594 CAD $10,821.38You 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 €0.00 1 EUR = 1.5440 CAD +1.23% vs mid-market | Recipient gets $10,808.14 Minutes - 2 days | |
Ways to receive money in Canada with WorldRemit when paying by debit card. MethodFee & ratesRecipient gets Bank depositMinutes - 2 days Free1 EUR = 1.5440 CAD $10,808.14You pay€7,000.00 | |||
| Wise Pay via Debit card | Fee €86.34 1 EUR = 1.5633 CAD -0.01% vs mid-market | Recipient gets $10,807.78 Next day | |
Ways to receive money in Canada with Wise when paying by debit card. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer €86.341 EUR = 1.5633 CAD $10,807.78You pay€7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee €0.00 1 EUR = 1.5412 CAD +1.40% vs mid-market | Recipient gets $10,788.18 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 = 1.5412 CAD $10,788.18You pay€7,000.00 | |||
| Wise Pay via Credit card | Fee €128.42 1 EUR = 1.5633 CAD -0.01% vs mid-market | Recipient gets $10,742.00 Next day | |
Ways to receive money in Canada with Wise when paying by credit card. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer €128.421 EUR = 1.5633 CAD $10,742.00You pay€7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Debit card | Fee €0.99 1 EUR = 1.5312 CAD +2.06% vs mid-market | Recipient gets $10,718.40 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 €0.991 EUR = 1.5312 CAD $10,718.40You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 1.5312 CAD $10,718.40You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee €0.99 1 EUR = 1.5312 CAD +2.06% vs mid-market | Recipient gets $10,718.40 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 €0.991 EUR = 1.5312 CAD $10,718.40You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 1.5312 CAD $10,718.40You pay€7,004.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Bank transfer | Fee €0.99 1 EUR = 1.5312 CAD +2.06% vs mid-market | Recipient gets $10,718.40 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 €0.991 EUR = 1.5312 CAD $10,718.40You pay€7,000.99 Cash pickupMinutes - 24 hours €4.991 EUR = 1.5312 CAD $10,718.40You pay€7,004.99 | |||
| How Our Results Work Mid-market rate: 1 EUR = 1.5631 CAD Updates every 60 minutes. | |||
Transfer details
For a one-off EUR transfer to Canada, I suggest picking the cheapest option which is Xe.
Xe was the cheapest on 1 of the 29 days it quoted €7,000 transfers to Canada.
On a 7,000 EUR transfer, Xe delivers the most CAD.
The best option will change depending on how much you actually send, so I suggest to get the best EUR/CAD rate.
You have 4 ways to fund your transfer: bank transfer, debit card, credit card, and iDEAL.
Sending money to Canada directly with SEPA is expensive, but it's a cheap and quick way to fund your money transfer account.
You can also use a debit card to fund the transfer, including the Postepay card.
First time round you'll need your codice fiscale and a photo ID to verify your account.
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.
Our analysis shows Xe was the cheapest in 5% of the transfers from €5,000 it quoted, and in 5% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| €500 | 0.38% | €0.00 | $779.20with bank transfer to bank deposit | +$6.55 | |
| €1,000 | 0.23% | €0.65 | $1,558.32with bank transfer to bank deposit | +$12.31 | |
| €2,000 | 0.06% | €0.00 | $3,124.00with debit card to bank deposit | +$31.43 | |
| €5,000 | 0.17% | €0.00 | $7,808.00with debit card to bank deposit | +$67.68 | |
| €7,000This page | 0.18% | €0.00 | $10,921.40with debit card to bank deposit | +$77.62 |
Mid-market rate: 1 EUR = 1.5631 CAD
The cheapest way to send EUR to CAD can change every day, or stay with the same company all month.
We've compared the mid-market rate with the cheapest option each day (today it's Xe), across 30 days of comparisons for 7,000 EUR transfers to Canada.
Wed, 28 Oct 2026Mid-market rate$10,941.36 Xe $10,921.40Xe$10,921.40Key Currency$10,914.00Regency FX$10,911.82
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6104 | – | $11,272.86 | |
| | 1.6064 | €0.00 | $11,244.68 | −$28.18 |
| | 1.6061 | €0.00 | $11,242.43 | −$30.43 |
| | 1.6027 | €0.00 | $11,218.90 | −$53.96 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6100 | – | $11,269.77 | |
| | 1.6059 | €0.00 | $11,241.59 | −$28.18 |
| | 1.6056 | €0.00 | $11,239.34 | −$30.43 |
| | 1.6017 | €0.00 | $11,211.90 | −$57.87 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6103 | – | $11,271.77 | |
| | 1.6062 | €0.00 | $11,243.59 | −$28.18 |
| | 1.6059 | €0.00 | $11,241.34 | −$30.43 |
| | 1.6021 | €0.00 | $11,214.70 | −$57.07 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6015 | – | $11,210.26 | |
| | 1.5975 | €0.00 | $11,182.24 | −$28.02 |
| | 1.5971 | €0.00 | $11,179.99 | −$30.27 |
| | 1.5939 | €0.00 | $11,157.30 | −$52.96 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6043 | – | $11,230.03 | |
| | 1.6003 | €0.00 | $11,201.95 | −$28.08 |
| | 1.6000 | €0.00 | $11,199.71 | −$30.32 |
| | 1.5826 | €0.00 | $11,078.20 | −$151.83 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6044 | – | $11,230.81 | |
| | 1.6004 | €0.00 | $11,202.74 | −$28.07 |
| | 1.6001 | €0.00 | $11,200.49 | −$30.32 |
| | 1.5836 | €0.00 | $11,085.20 | −$145.61 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5974 | – | $11,181.50 | |
| | 1.5934 | €0.00 | $11,153.55 | −$27.95 |
| | 1.5930 | €0.00 | $11,151.31 | −$30.19 |
| | 1.5889 | €0.00 | $11,122.30 | −$59.20 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.6024 | – | $11,216.94 | |
| | 1.5984 | €0.00 | $11,188.90 | −$28.04 |
| | 1.5981 | €0.00 | $11,186.65 | −$30.29 |
| | 1.5946 | €0.00 | $11,162.20 | −$54.74 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5951 | – | $11,166.04 | |
| | 1.5912 | €0.00 | $11,138.12 | −$27.92 |
| | 1.5908 | €0.00 | $11,135.89 | −$30.15 |
| | 1.5861 | €0.00 | $11,102.70 | −$63.34 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5949 | – | $11,164.22 | |
| | 1.5909 | €0.00 | $11,136.31 | −$27.91 |
| | 1.5906 | €0.00 | $11,134.08 | −$30.14 |
| | 1.5869 | €0.00 | $11,108.30 | −$55.92 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5963 | – | $11,174.14 | |
| | 1.5923 | €0.00 | $11,146.20 | −$27.93 |
| | 1.5920 | €0.00 | $11,143.96 | −$30.18 |
| | 1.5886 | €0.00 | $11,120.20 | −$53.93 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5980 | – | $11,185.87 | |
| | 1.5940 | €0.00 | $11,157.90 | −$27.97 |
| | 1.5937 | €0.00 | $11,155.67 | −$30.20 |
| | 1.5711 | €0.00 | $10,997.70 | −$188.17 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5980 | – | $11,185.87 | |
| | 1.5940 | €0.00 | $11,157.90 | −$27.97 |
| | 1.5937 | €0.00 | $11,155.67 | −$30.20 |
| | 1.5706 | €0.00 | $10,994.20 | −$191.67 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5972 | – | $11,180.65 | |
| | 1.5932 | €0.00 | $11,152.69 | −$27.95 |
| | 1.5929 | €0.00 | $11,150.46 | −$30.19 |
| | 1.5890 | €0.00 | $11,123.00 | −$57.65 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5950 | – | $11,165.14 | |
| | 1.5910 | €0.00 | $11,137.23 | −$27.91 |
| | 1.5907 | €0.00 | $11,134.99 | −$30.15 |
| | 1.5877 | €0.00 | $11,113.90 | −$51.24 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5910 | – | $11,137.17 | |
| | 1.5909 | €31.26 | $11,086.71 | −$50.46 |
| | – | – | – | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5934 | – | $11,153.63 | |
| | 1.5894 | €0.00 | $11,125.75 | −$27.88 |
| | 1.5891 | €0.00 | $11,123.52 | −$30.11 |
| | 1.5851 | €0.00 | $11,095.70 | −$57.93 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5919 | – | $11,143.48 | |
| | 1.5879 | €0.00 | $11,115.62 | −$27.85 |
| | 1.5876 | €0.00 | $11,113.39 | −$30.09 |
| | 1.5842 | €0.00 | $11,089.40 | −$54.08 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5909 | – | $11,136.31 | |
| | 1.5869 | €0.00 | $11,108.47 | −$27.84 |
| | 1.5866 | €0.00 | $11,106.25 | −$30.06 |
| | 1.5594 | €0.00 | $10,915.80 | −$220.51 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5909 | – | $11,136.31 | |
| | 1.5869 | €0.00 | $11,108.47 | −$27.84 |
| | 1.5866 | €0.00 | $11,106.25 | −$30.06 |
| | 1.5596 | €0.00 | $10,917.20 | −$219.11 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5789 | – | $11,052.41 | |
| | 1.5750 | €0.00 | $11,024.77 | −$27.64 |
| | 1.5747 | €0.00 | $11,022.56 | −$29.85 |
| | 1.5709 | €0.00 | $10,996.30 | −$56.11 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5792 | – | $11,054.10 | |
| | 1.5752 | €0.00 | $11,026.46 | −$27.64 |
| | 1.5749 | €0.00 | $11,024.25 | −$29.85 |
| | 1.5718 | €0.00 | $11,002.60 | −$51.50 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5775 | – | $11,042.50 | |
| | 1.5736 | €0.00 | $11,014.89 | −$27.61 |
| | 1.5732 | €0.00 | $11,012.69 | −$29.81 |
| | 1.5697 | €0.00 | $10,987.90 | −$54.60 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5753 | – | $11,027.15 | |
| | 1.5714 | €0.00 | $10,999.58 | −$27.57 |
| | 1.5711 | €0.00 | $10,997.38 | −$29.77 |
| | 1.5681 | €0.00 | $10,976.70 | −$50.45 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5697 | – | $10,987.77 | |
| | 1.5658 | €0.00 | $10,960.30 | −$27.47 |
| | 1.5654 | €0.00 | $10,958.10 | −$29.67 |
| | 1.5622 | €0.00 | $10,935.40 | −$52.37 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5686 | – | $10,980.26 | |
| | 1.5647 | €0.00 | $10,952.81 | −$27.45 |
| | 1.5644 | €0.00 | $10,950.62 | −$29.64 |
| | 1.5405 | €0.00 | $10,783.50 | −$196.76 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5686 | – | $10,980.26 | |
| | 1.5647 | €0.00 | $10,952.81 | −$27.45 |
| | 1.5644 | €0.00 | $10,950.62 | −$29.64 |
| | 1.5394 | €0.00 | $10,775.80 | −$204.46 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5706 | – | $10,994.44 | |
| | 1.5667 | €0.00 | $10,966.95 | −$27.49 |
| | 1.5664 | €0.00 | $10,964.75 | −$29.69 |
| | 1.5630 | €0.00 | $10,941.00 | −$53.44 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5652 | – | $10,956.11 | |
| | 1.5612 | €0.00 | $10,928.72 | −$27.39 |
| | 1.5609 | €0.00 | $10,926.53 | −$29.58 |
| | 1.5573 | €0.00 | $10,901.10 | −$55.01 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.5631 | – | $10,941.36 | |
| | 1.5602 | €0.00 | $10,921.40 | −$19.96 |
| | 1.5591 | €0.00 | $10,914.00 | −$27.36 |
| | 1.5588 | €0.00 | $10,911.82 | −$29.54 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.5631 | – | $10,941.36 | |
|---|---|---|---|---|
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Each line shows what the recipient gets when you send €7,000, after fees, as quoted by each company. The mid-market line shows what €7,000 converts to at the real exchange rate, with no fees or markup. Rates are checked once a day. Sponsored placements never affect this data. There are no bank quotes for this period.
The dashed line is what you'd get at the mid-market rate with no fees, and the blue line is the cheapest option that day.
When the blue line goes above the dashed one, you're getting more CAD per EUR than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
No company, app or bank beat the mid-market rate over the past month, meaning you lose a bit of CAD on every transfer from Italy.
Right now, Xe pays 10,921.4 CAD on 7,000 EUR, which is 19.96 CAD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 11,244.68 CAD.
If you can wait and want to get the most out of your transfer, create a rate alert and we'll let you know when the rate improves.
Just because a company is the cheapest today doesn't mean it's always the best option for sending money to Canada.
We've tracked 94 comparisons to check how often today's top companies were the cheapest across 5 amounts over the past month.
Cheapest in 11% of them
Cheapest in 86% of them
Never the cheapest
Based on 35 comparisons across 5 amounts over the last 7 days.
Cheapest in 5% of them
Cheapest in 97% of them
Never the cheapest
Based on 94 comparisons across 5 amounts over the last 30 days.
Cheapest in 3% of them
Cheapest in 99% of them
Never the cheapest
Based on 142 comparisons across 5 amounts over the last 90 days.
Different companies can come out cheapest depending on the day and the amount you send.
To keep things fair, we only count the comparisons each company appeared in, and only analyse companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Xe is the cheapest and gets you the most CAD, but it was the cheapest in only 5% of the 76 comparisons it appeared in over the past month.
If it's a one-off transfer, go with Xe, since it's the cheapest right now.
12 companies send money from Italy to Canada. You can send EUR via broker, app, online, multi-currency account, global account, and in person, and more below.
Regular transfers
For the regular transfer home, an app like Xe is the easiest and most convenient option.
Over the past month, Xe was the cheapest app on 3% of the days it appeared for €7,000 transfers.
Xe charges €0 on a €7,000 transfer, and 10,921.4 CAD lands in minutes - 24 hours.
For one-off transfers
Outside the euro transfers, a bank transfer passes through intermediary banks, and each one can take a cut along the way.
Online services skip this and use their own network (it’s much cheaper).
Xe delivers 10,921.4 CAD on €7,000 with a €0 fee and 0.18% markup.
In our comparisons over the past month, it was the cheapest online service on 1 of the 29 days it quoted.
Sending large sums
Managed services charge no fees and work on margin instead, and the more you send to Canada, the better rate you will get.
Xe charges no fee and adds 0.18% on EUR/CAD rate.
Our analysis shows Xe was the cheapest broker in 5% of the transfers from €5,000 it quoted.
Travelling and receiving
If you travel to Canada often, or receive payments from there, this is the best option.
Multi-currency accounts let you hold EUR and CAD in one account, and give you local details.
I suggest trying Wise.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
It holds EUR and CAD balances and charges small fees to convert between them.
For business payments
Global accounts are for businesses and freelancers with a partita IVA, paying suppliers abroad, invoicing foreign clients, holding a few currencies.
A few good options are Wise Business, Airwallex, and Payoneer.
With Xe, paying by debit card and receiving through bank deposit is the cheapest combination. Sending €7,000 gives your recipient 10,921.4 CAD.
In Italy, you can pay by bank transfer, debit card, credit card, and iDEAL.
Satispay and Bancomat Pay are mainly domestic payment methods, they do not send CAD to Canada by themselves.
In Canada, the recipient can use bank deposit and cash pickup.
In Canada, they can collect cash through All Banks.
They need to take a photo ID and the collection reference to a participating All Banks location in Canada.
You pay €7,000.00
CA$10,921
Cheapest
You pay €7,000.00
CA$10,921
CA$0
You pay €7,000.00
CA$10,921
CA$0
You pay €7,000.00
CA$10,878
-CA$43
You pay €7,004.99
CA$10,718
-CA$203
You pay €7,004.99
CA$10,718
-CA$203
You pay €7,004.99
CA$10,718
-CA$203
For a transfer from Italy, compare the amount received first. Then check whether you are making a SEPA payment, an extra-SEPA transfer or a cash-agent remittance, because each works differently.
These are the leading options for a €7,000 transfer to Canada.
Cheapest way to send money to Canada
The cheapest option is Xe, funded by debit card with bank deposit for the payout. Your recipient gets 10,921.4 CAD, which is 0.07% 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 10,821.38 CAD, with the money arriving in within minutes.
A bonifico can move euros from your Italian bank to the transfer company through SEPA.
Companies like Xe then convert the money into CAD and pay your recipient in Canada through a local bank, a wallet, or a cash-pickup network.
SEPA may fund the transfer quickly, but the delivery time depends on the local payout method.
In Italy, the term "money transfer" often means a cash-agent shop rather than an online bank transfer.
The Banca d'Italia confirms that money remittance must be provided by a bank, electronic money institution or authorised payment institution.
Their Italian agents must appear in the OAM register.
Italian banks and transfer companies can pause a large, unusual or poorly explained payment while they check its purpose and source.
Use a clear causale and keep the document that explains the money ready.
For property proceeds, tuition or moving savings, tell the bank before the transfer is due.
If a payment-service complaint is not resolved directly, the Arbitro Bancario Finanziario is the Italian financial ombudsman route.
Every company here is registered with Banca d'Italia or passported in from elsewhere in the EU.
We track 12 of them on EUR to Canada, comparing rates, fees and the ways to pay in and collect, updated in real time on live comparisons.
In the past 30 days alone, we analysed 94 comparisons across 5 amounts.
This page covers the cheapest and fastest options for EUR/CAD transfers. This is how we pick them:
Cheapest: the company that gets your recipient the most, after fees and the exchange rate. On a tie, live pricing from the company takes priority over the rates we collect by hand.
Fastest: the company with the shortest estimated delivery time once you’ve paid. On a tie, the one that pays out more takes priority.
Nothing appears without passing our review.
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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