France, one of the biggest and most visited European countries. France has a huge expat community and a strong economy. In 2021 economic revival is expected, a year on from the COVID-19 crisis, with anticipated growth of 5.3%; this includes an expected surge in digital remittances. Historically, France is a popular destination for money transfers: whether you are sending money to your family, friends or repatriating your income, we believe customers deserve to secure a transfer solution best suited to their needs.
When considering how to send money France from Canada there are some key aspects of the transfer to consider.
The fastest money transfer provider is XE. The cheapest money transfer provider we found is Wise at 0.9% Above Mid-Market Rate.
If you’re looking for the best combination of price, speed, and reliability we recommend using XE when transferring CAD to EUR.
This means that by using XE for online money transfers to France from Canada, you are likely to save on transfer fees and benefit from fast speeds – so your recipient will get more money and have it delivered in less time.
Alternatively, if you are unable to access XE for any reason, our comparison engine has found Wise and CurrenciesDirect also to be very good options when sending CAD – EUR.
In order to avoid high fees, you should consider the cheapest way to send from Canada to France.
Wise has been determined by our comparison engine to be currently offering you the cheapest international transfer rates possible.
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When sending money from Canada to France, speed is one of the biggest factors you need to consider in terms of the service offered by different money transfer providers. Currently, XE is the fastest way to send CAD – EUR.
Most money transfer providers allow you to deposit and send money using various payment methods, but not all providers offer every option. Typically you’ll find the most common methods are bank transfers and card payments, but many providers also accept cash and some will even deliver funds straight to your recipient’s door.
To avoid high fees you can opt to use an online money transfer provider such as Wise to pay for your money transfer to France using a credit card.
With XE you can send money online to France using your debit card. But before making a payment, make sure you understand all the processing fees in place.
Bank and wire transfers are the most common ways of sending money France as they are secure, reliable, and convenient. However, they often come with the slowest delivery times in case speed is an important factor for you. You can use XE to send money using a bank or wire transfer at a great rate as long as you’re happy for your transfer to take 1-2 days.
If you want to make an international transfer using wire transfer, you will need to know the SWIFT/BIC code of your recipient in France. If you’re unsure what it is, check out our SWIFT calculator to figure out the correct SWIFT code in France.
When sending money to France from Canada using bank account transfer you are paying for the outgoing fees, flat fees, currency exchange rate markup, and sometimes an additional incoming transfer fee.
On the other hand, you usually only pay a sender fee and a small exchange rate markup when using online money transfer services such as XE, Wise and CurrenciesDirect.
Before sending money to France from Canada, you should consider the following:
This one’s easy. Simply use our comparison table above to find the best provider to send CAD to EUR. After that it’s just a process of making your transfer via the following steps:
Your recipient has a few methods available to receive your money in France. These will vary between providers, but it is possible to find services that will:
If your recipient is going to collect or have the money delivered to them in France, then they will usually need the following:
The amount of EUR you can receive from Canada will largely depend on the money transfer service you are using. There are providers that specialise in smaller remittance payments, and providers who specialise in larger transfers.
You should also check if there are any government regulations pertaining to the amount of EUR that can be received in France or sent from Canada before making your transfer.
Keith is a digital specialist with a background in the financial industry, both as a marketeer and a journalist. Keith joined MoneyTransfers.com in order to take the business to the next level and expand our offering in multiple international money transfer markets.