We compared 12 companies sending money from the United States to Canada. Key Currency is the best and cheapest, while Revolut is the fastest.
Sending $7,000 with Key Currency gets your recipient 9,815.89 CAD at 1.4023 CAD per USD.
| 12 of 12 providers Last updated on 28 October 2026 | |||
| Based on 7,000 USD transfer Best companies for USD/CAD transfers | |||
| Promoted  Wise Pay via Bank transfer | Fee $26.90 1 USD = 1.4058 CAD 0.00% vs mid-market | Recipient gets $9,802.78 Next day | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $26.901 USD = 1.4058 CAD $9,802.78You pay$7,000.00 | |||
| Promoted  Xe Pay via Bank transfer | Fee $0.00 1 USD = 1.3991 CAD +0.48% vs mid-market | Recipient gets $9,793.70 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 = 1.3991 CAD $9,793.70You 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 = 1.4023 CAD +0.25% vs mid-market | Recipient gets $9,815.89 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 = 1.4023 CAD $9,815.89You pay$7,000.00 | |||
| Exclusive: First Transfer Deal  Regency FX Pay via Bank transfer | Fee $0.00 1 USD = 1.4020 CAD +0.27% vs mid-market | Recipient gets $9,813.93 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 = 1.4020 CAD $9,813.93You pay$7,000.00 | |||
| Wise Pay via Bank transfer | Fee $26.90 1 USD = 1.4058 CAD 0.00% vs mid-market | Recipient gets $9,802.78 Next day | |
Ways to receive money in Canada with Wise when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositNext dayAvailable via:Bank Transfer $26.901 USD = 1.4058 CAD $9,802.78You pay$7,000.00 | |||
| Xe Pay via Bank transfer | Fee $0.00 1 USD = 1.3991 CAD +0.48% vs mid-market | Recipient gets $9,793.70 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 = 1.3991 CAD $9,793.70You pay$7,000.00 | |||
 OFX Pay via Bank transfer | Fee $0.00 1 USD = 1.3988 CAD +0.50% vs mid-market | Recipient gets $9,791.29 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 = 1.3988 CAD $9,791.29You pay$7,000.00 | |||
 Currencies Direct Pay via Bank transfer | Fee $0.00 1 USD = 1.3987 CAD +0.51% vs mid-market | Recipient gets $9,790.90 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 = 1.3987 CAD $9,790.90You pay$7,000.00 | |||
| $0 fee on first online transfers  MoneyGram Pay via Bank transfer | Fee $1.99 1 USD = 1.3982 CAD +0.54% vs mid-market | Recipient gets $9,787.40 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 $1.991 USD = 1.3982 CAD $9,787.40You pay$7,001.99 Cash pickupMinutes - 24 hours $5.991 USD = 1.3982 CAD $9,787.40You pay$7,005.99 | |||
 CurrencyFair Pay via Bank transfer | Fee $2.85 1 USD = 1.3970 CAD +0.63% vs mid-market | Recipient gets $9,775.00 Minutes - 24 hours | |
Ways to receive money in Canada with CurrencyFair when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositMinutes - 24 hours $2.851 USD = 1.3970 CAD $9,775.00You pay$7,000.00 | |||
| Pricing based on Revolut Standard plan  Revolut Pay via Bank transfer | Fee $40.50 1 USD = 1.4039 CAD +0.13% vs mid-market | Recipient gets $9,770.14 Within minutes | |
Ways to receive money in Canada with Revolut when paying by bank transfer. MethodFee & ratesRecipient gets Bank depositWithin minutes $40.501 USD = 1.4039 CAD $9,770.14You 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. | |||
| Xe Pay via Debit card | Fee $35.00 1 USD = 1.3991 CAD +0.48% vs mid-market | Recipient gets $9,744.73 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 = 1.3991 CAD $9,744.73You pay$7,000.00 | |||
 Moneycorp Pay via Bank transfer | Fee $0.00 1 USD = 1.3861 CAD +1.40% vs mid-market | Recipient gets $9,702.73 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 = 1.3861 CAD $9,702.73You pay$7,000.00 | |||
| $0 fee on first online transfers MoneyGram Pay via Cash deposit | Fee $60.79 1 USD = 1.3851 CAD +1.48% vs mid-market | Recipient gets $9,695.70 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 = 1.3851 CAD $9,695.70You pay$7,060.79 | |||
| $0 fee on first online transfers MoneyGram Pay via Debit card | Fee $1.99 1 USD = 1.3839 CAD +1.57% vs mid-market | Recipient gets $9,687.30 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 = 1.3839 CAD $9,687.30You pay$7,001.99 Cash pickupMinutes - 24 hours $75.991 USD = 1.3708 CAD $9,595.60You pay$7,075.99 | |||
| $0 fee on first online transfers MoneyGram Pay via Credit card | Fee $177.99 1 USD = 1.3839 CAD +1.57% vs mid-market | Recipient gets $9,687.30 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 = 1.3839 CAD $9,687.30You pay$7,177.99 Cash pickupMinutes - 24 hours $179.991 USD = 1.3708 CAD $9,595.60You pay$7,179.99 | |||
 Chase Pay via Bank transfer | Fee $0.00 1 USD = 1.3705 CAD +2.54% vs mid-market | Recipient gets $9,593.38 | |
Ways to receive money in Canada with Chase when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 USD = 1.3705 CAD $9,593.38You pay$7,000.00 | |||
 Wells Fargo Pay via Bank transfer | Fee $0.00 1 USD = 1.3617 CAD +3.19% vs mid-market | Recipient gets $9,531.78 | |
Ways to receive money in Canada with Wells Fargo when paying by bank transfer. MethodFee & ratesRecipient gets Bank deposit Free1 USD = 1.3617 CAD $9,531.78You pay$7,000.00 | |||
| Xe Pay via Credit card | Fee $210.00 1 USD = 1.3991 CAD +0.48% vs mid-market | Recipient gets $9,499.89 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 = 1.3991 CAD $9,499.89You pay$7,000.00 | |||
| How Our Results Work Mid-market rate: 1 USD = 1.4058 CAD Updates every 60 minutes. | |||
Transfer details
If you're sending a one-off transfer, then Key Currency is the best option.
Key Currency was the cheapest on 17 of the 29 days it quoted $7,000 transfers to Canada.
For recurring transfers, I'd suggest using an app or a multi-currency account with Wise.
For large transfers, 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.
How much USD 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 Key Currency was the cheapest in 62% of the transfers from $5,000 it quoted, and in 62% of all the transfers it quoted.
| Cheapest service | |||||
|---|---|---|---|---|---|
| $500 | 0.00% | $0.00 | $702.85with debit card to cash pickup | +$13.50 | |
| $750 | 0.00% | $0.00 | $1,054.73with debit card to cash pickup | +$25.68 | |
| $1,000 | -0.10% | $0.00 | $1,407.50with debit card to cash pickup | +$31.18 | |
| $2,000 | -0.05% | $0.00 | $2,814.20with remitly wallet to cash pickup | +$56.49 | |
| $5,000 | -0.03% | $0.00 | $7,030.50with remitly wallet to cash pickup | +$87.79 | |
| $7,000This page | 0.25% | $0.00 | $9,815.89with bank transfer to bank deposit | +$93.31 | |
| $10,000 | 0.25% | $0.00 | $14,025.82with bank transfer to bank deposit | +$138.01 | |
| $25,000 | 0.16% | $0.00 | $35,100.00with bank transfer to bank deposit | +$339.14 | |
| $50,000 | 0.13% | $0.00 | $70,205.00with bank transfer to bank deposit | +$520.30 | |
| $100,000 | 0.15% | $0.00 | $140,405.08with bank transfer to bank deposit | +$1,031.22 | |
| $250,000 | 0.15% | $0.00 | $350,925.32with bank transfer to bank deposit | +$2,515.06 |
Mid-market rate: 1 USD = 1.4058 CAD
The cheapest way to send USD 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 Key Currency), across 30 days of comparisons for 7,000 USD transfers to Canada.
Wed, Oct 28, 2026Mid-market rate$9,840.50 Key Currency $9,815.89 Chase $9,593.38Key Currency$9,815.89Regency FX$9,813.93Wise$9,802.78Extra cost of a bank$222.51
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4184 | – | $9,928.81 | |
| | 1.4149 | $0.00 | $9,903.98 | −$24.83 |
| | 1.4146 | $0.00 | $9,902.00 | −$26.81 |
| | 1.4183 | $26.90 | $9,890.30 | −$38.51 |
| | 1.3831 | $0.00 | $9,681.99 | −$246.82 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4182 | – | $9,927.37 | |
| | 1.4146 | $0.00 | $9,902.55 | −$24.82 |
| | 1.4144 | $0.00 | $9,900.56 | −$26.81 |
| | 1.4182 | $26.90 | $9,888.90 | −$38.47 |
| | 1.3831 | $0.00 | $9,681.99 | −$245.38 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4237 | – | $9,966.04 | |
| | 1.4202 | $0.00 | $9,941.12 | −$24.92 |
| | 1.4199 | $0.00 | $9,939.13 | −$26.91 |
| | 1.4237 | $26.90 | $9,927.25 | −$38.79 |
| | 1.3888 | $0.00 | $9,721.37 | −$244.67 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4211 | – | $9,947.56 | |
| | 1.4193 | $1.99 | $9,935.10 | −$12.46 |
| | 1.4175 | $0.00 | $9,922.69 | −$24.87 |
| | 1.4172 | $0.00 | $9,920.70 | −$26.86 |
| | 1.4212 | $26.90 | $9,910.17 | −$37.39 |
| | 1.3888 | $0.00 | $9,721.37 | −$226.19 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4248 | – | $9,973.95 | |
| | 1.4213 | $0.00 | $9,949.02 | −$24.93 |
| | 1.4210 | $0.00 | $9,947.02 | −$26.93 |
| | 1.4251 | $26.90 | $9,937.71 | −$36.24 |
| | 1.3898 | $0.00 | $9,728.60 | −$245.35 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4249 | – | $9,974.65 | |
| | 1.4214 | $0.00 | $9,949.71 | −$24.94 |
| | 1.4211 | $0.00 | $9,947.72 | −$26.93 |
| | 1.4251 | $26.90 | $9,937.71 | −$36.94 |
| | 1.3898 | $0.00 | $9,728.60 | −$246.05 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4269 | – | $9,988.16 | |
| | 1.4233 | $0.00 | $9,963.19 | −$24.97 |
| | 1.4230 | $0.00 | $9,961.19 | −$26.97 |
| | 1.4268 | $26.90 | $9,949.57 | −$38.59 |
| | 1.3913 | $0.00 | $9,738.84 | −$249.32 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4277 | – | $9,993.55 | |
| | 1.4241 | $0.00 | $9,968.57 | −$24.98 |
| | 1.4238 | $0.00 | $9,966.57 | −$26.98 |
| | 1.4278 | $26.90 | $9,956.19 | −$37.36 |
| | 1.3925 | $0.00 | $9,747.71 | −$245.84 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4224 | – | $9,956.91 | |
| | 1.4202 | $1.99 | $9,941.40 | −$15.51 |
| | 1.4189 | $0.00 | $9,932.01 | −$24.90 |
| | 1.4186 | $0.00 | $9,930.02 | −$26.89 |
| | 1.4224 | $26.90 | $9,918.89 | −$38.02 |
| | 1.3925 | $0.00 | $9,747.71 | −$209.20 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4262 | – | $9,983.26 | |
| | 1.4226 | $0.00 | $9,958.30 | −$24.96 |
| | 1.4223 | $0.00 | $9,956.31 | −$26.95 |
| | 1.4262 | $26.90 | $9,944.69 | −$38.57 |
| | 1.3906 | $0.00 | $9,734.06 | −$249.20 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4216 | – | $9,951.52 | |
| | 1.4210 | $1.99 | $9,947.00 | −$4.52 |
| | 1.4181 | $0.00 | $9,926.64 | −$24.88 |
| | 1.4178 | $0.00 | $9,924.65 | −$26.87 |
| | 1.4217 | $26.90 | $9,913.31 | −$38.21 |
| | 1.3906 | $0.00 | $9,734.06 | −$217.46 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4262 | – | $9,983.43 | |
| | 1.4227 | $5.99 | $9,958.90 | −$24.53 |
| | 1.4226 | $0.00 | $9,958.47 | −$24.96 |
| | 1.4224 | $0.00 | $9,956.47 | −$26.96 |
| | 1.4255 | $26.90 | $9,940.15 | −$43.28 |
| | 1.3897 | $0.00 | $9,727.84 | −$255.59 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4262 | – | $9,983.43 | |
| | 1.4227 | $5.99 | $9,958.90 | −$24.53 |
| | 1.4226 | $0.00 | $9,958.47 | −$24.96 |
| | 1.4224 | $0.00 | $9,956.47 | −$26.96 |
| | 1.4255 | $26.90 | $9,940.15 | −$43.28 |
| | 1.3897 | $0.00 | $9,727.84 | −$255.59 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4252 | – | $9,976.75 | |
| | 1.4227 | $5.99 | $9,958.90 | −$17.85 |
| | 1.4217 | $0.00 | $9,951.81 | −$24.94 |
| | 1.4214 | $0.00 | $9,949.81 | −$26.94 |
| | 1.4253 | $26.90 | $9,939.11 | −$37.64 |
| | 1.3887 | $0.00 | $9,720.67 | −$256.08 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4263 | – | $9,983.96 | |
| | 1.4227 | $0.00 | $9,959.00 | −$24.96 |
| | 1.4224 | $0.00 | $9,957.00 | −$26.96 |
| | 1.4263 | $26.90 | $9,945.73 | −$38.23 |
| | 1.3902 | $0.00 | $9,731.59 | −$252.37 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4210 | – | $9,946.86 | |
| | 1.4182 | $1.99 | $9,927.40 | −$19.46 |
| | 1.4174 | $0.00 | $9,921.99 | −$24.87 |
| | 1.4171 | $0.00 | $9,920.00 | −$26.86 |
| | 1.4210 | $26.90 | $9,908.78 | −$38.08 |
| | 1.3848 | $0.00 | $9,693.45 | −$253.41 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4208 | – | $9,945.81 | |
| | 1.4217 | $5.99 | $9,951.90 | +$6.09 |
| | 1.4173 | $0.00 | $9,920.95 | −$24.86 |
| | 1.4170 | $0.00 | $9,918.96 | −$26.85 |
| | 1.4208 | $26.90 | $9,907.38 | −$38.43 |
| | 1.3848 | $0.00 | $9,693.45 | −$252.36 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4167 | – | $9,917.04 | |
| | 1.4132 | $0.00 | $9,892.25 | −$24.79 |
| | 1.4129 | $0.00 | $9,890.26 | −$26.78 |
| | 1.4167 | $26.90 | $9,879.14 | −$37.90 |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4158 | – | $9,910.25 | |
| | 1.4122 | $0.00 | $9,885.47 | −$24.78 |
| | 1.4119 | $0.00 | $9,883.49 | −$26.76 |
| | 1.4139 | $26.90 | $9,859.27 | −$50.98 |
| | 1.3781 | $0.00 | $9,646.70 | −$263.55 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4158 | – | $9,910.25 | |
| | 1.4122 | $0.00 | $9,885.47 | −$24.78 |
| | 1.4119 | $0.00 | $9,883.49 | −$26.76 |
| | 1.4139 | $26.90 | $9,859.27 | −$50.98 |
| | 1.3781 | $0.00 | $9,646.70 | −$263.55 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4093 | – | $9,864.93 | |
| | 1.4109 | $1.99 | $9,876.30 | +$11.37 |
| | 1.4058 | $0.00 | $9,840.26 | −$24.67 |
| | 1.4055 | $0.00 | $9,838.29 | −$26.64 |
| | 1.4091 | $26.90 | $9,825.80 | −$39.13 |
| | 1.3741 | $0.00 | $9,618.39 | −$246.54 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4067 | – | $9,846.97 | |
| | 1.4065 | $1.99 | $9,845.50 | −$1.47 |
| | 1.4032 | $0.00 | $9,822.35 | −$24.62 |
| | 1.4029 | $0.00 | $9,820.38 | −$26.59 |
| | 1.4067 | $26.90 | $9,809.06 | −$37.91 |
| | 1.3741 | $0.00 | $9,618.39 | −$228.58 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4055 | – | $9,838.71 | |
| | 1.4020 | $0.00 | $9,814.11 | −$24.60 |
| | 1.4017 | $0.00 | $9,812.15 | −$26.56 |
| | – | – | – | – |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4020 | – | $9,813.79 | |
| | 1.4016 | $1.99 | $9,811.20 | −$2.59 |
| | 1.3985 | $0.00 | $9,789.26 | −$24.53 |
| | 1.3982 | $0.00 | $9,787.29 | −$26.50 |
| | 1.4020 | $26.90 | $9,776.29 | −$37.50 |
| Bank No quote collected this day | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | – | – | – | |
| | 1.3994 | $1.99 | $9,795.80 | – |
| | 1.4016 | $26.90 | $9,773.15 | – |
| | 1.3667 | $0.00 | $9,566.75 | – |
| | – | – | – | – |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4002 | – | $9,801.75 | |
| | 1.3967 | $0.00 | $9,777.25 | −$24.50 |
| | 1.3965 | $0.00 | $9,775.29 | −$26.46 |
| | 1.4004 | $26.90 | $9,765.48 | −$36.27 |
| | 1.3657 | $0.00 | $9,559.90 | −$241.85 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4002 | – | $9,801.75 | |
| | 1.3967 | $0.00 | $9,777.25 | −$24.50 |
| | 1.3965 | $0.00 | $9,775.29 | −$26.46 |
| | 1.3657 | $0.00 | $9,559.90 | −$241.85 |
| | – | – | – | – |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4026 | – | $9,818.03 | |
| | 1.3991 | $0.00 | $9,793.48 | −$24.55 |
| | 1.3988 | $0.00 | $9,791.52 | −$26.50 |
| | 1.4027 | $26.90 | $9,781.17 | −$36.85 |
| | 1.3673 | $0.00 | $9,571.16 | −$246.86 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4026 | – | $9,818.34 | |
| | 1.4006 | $0.00 | $9,804.20 | −$14.14 |
| | 1.3991 | $0.00 | $9,793.79 | −$24.55 |
| | 1.3988 | $0.00 | $9,791.83 | −$26.51 |
| | 1.4025 | $26.90 | $9,780.12 | −$38.22 |
| | 1.3674 | $0.00 | $9,571.50 | −$246.84 |
| Exchange rate | Fee | Recipient gets | Difference | |
|---|---|---|---|---|
| Mid-market rate | 1.4058 | – | $9,840.50 | |
| | 1.4023 | $0.00 | $9,815.89 | −$24.61 |
| | 1.4020 | $0.00 | $9,813.93 | −$26.57 |
| | 1.4058 | $26.90 | $9,802.78 | −$37.72 |
| | 1.3705 | $0.00 | $9,593.38 | −$247.12 |
| Exchange rate | Fee | Recipient gets | Difference |
|---|
| Mid-market rate | 1.4058 | – | $9,840.50 | |
|---|---|---|---|---|
| Bank No quote collected this day | – | – | – | – |
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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. The bank line is the cheapest bank available on each day.
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 USD than the mid-market rate can offer.
This could be due to money transfer offers, FX rate adjustments, or market competitiveness.
In the past month, a money transfer company beat the mid-market rate on 2 of the last 30 days.
Right now, Key Currency pays 9,815.89 CAD on 7,000 USD, which is 24.61 CAD less than the mid-market amount.
Today's payout isn't the best this month though, since the highest receive amount was 9,968.57 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 297 comparisons to check how often today's top companies were the cheapest across 11 amounts over the past month.
Cheapest in 63% of them
Never the cheapest
Never the cheapest
Never the cheapest
Based on 77 comparisons across 11 amounts over the last 7 days.
Cheapest in 62% of them
Never the cheapest
Cheapest in 2% of them
Never the cheapest
Based on 297 comparisons across 11 amounts over the last 30 days.
Cheapest in 79% of them
Never the cheapest
Cheapest in 8% of them
Cheapest in 0% of them
Based on 727 comparisons across 14 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 analyze companies that appeared in at least 50% of all comparisons (so occasional cheapest options don't skew it).
Today Key Currency is the cheapest and gets you the most CAD, and it was also the cheapest in 62% of the 154 comparisons it appeared in over the past month.
It's a good pick for both one-off and regular transfers to Canada.
Regency FX (today's second cheapest) was the cheapest in only 0% of its comparisons, so it's rarely the cheapest option for transfers to Canada.
There are 12 companies available for sending money from the US to Canada, across broker, online, app, 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.
Wise charges $26.9 on a $7,000 transfer with 0% markup, saves your recipient's details for next time, and CAD arrives in next day.
Over the past month, Wise was the cheapest app on 36% of the days it appeared for $7,000 transfers.
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 9,787.4 CAD in minutes - 24 hours.
Our data shows MoneyGram came out cheapest among in-person options on 100% of days in the past month.
However, transfers funded with cash or a money order carry a 1% federal tax since January 1, 2026. 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, Wise gets you the most CAD per USD.
On a $7,000 transfer, you will get 9,802.78 CAD after a $26.9 fee and 0% markup.
In our comparisons over the past month, it was the cheapest online service on 10 of the 28 days it quoted.
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.
Our analysis shows Key Currency was the cheapest broker in 97% of the transfers from $5,000 it quoted.
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 9,593.38 CAD, against 9,815.89 CAD with Key Currency (the overall cheapest option).
We found Chase was the cheapest bank on 27 of the 27 days it appeared for this amount.
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% markup plus small fee and holds the CAD until you spend it.
Over the past month, it came out cheapest among multi-currency accounts on 100% of days.
With Key Currency, paying by bank transfer and receiving through bank deposit is the cheapest combination. Sending $7,000 gives your recipient 9,815.89 CAD.
Our data shows that Key Currency gets your recipient 222.51 CAD more than Chase, today's cheapest bank, on the same $7,000.
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 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 the nearest MoneyGram branch and hand over $7,000.
MoneyGram is the cheapest option and will get you 9,787.4 CAD on a $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
CA$9,816
Cheapest
You pay $7,005.99
CA$9,787
-CA$28
You pay $7,000.00
CA$9,745
-CA$71
You pay $7,060.79
CA$9,696
-CA$120
You pay $7,177.99
CA$9,687
-CA$129
You pay $7,075.99
CA$9,596
-CA$220
You pay $7,179.99
CA$9,596
-CA$220
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 9,815.89 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 9,770.14 CAD, with the money arriving in within minutes.
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.
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. In the past 30 days alone, we analyzed 297 comparisons across 11 amounts.
This page covers the cheapest and fastest options for USD/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.
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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