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Overall top choice: Wise
Of the 19 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Over the last six months, Wise appeared in 100% of searches for transfers between Canada and Spain.
When sending money from Canada to Spain, using Wise in a great option.
How to compare deals on Canada to Spain money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Canada to Spain.
- Choose a provider
Select the provider that gives you the best value & service for your needs
- Click, sign up & send
Follow the steps & start your transfer from Canada. Your funds will be converted to Euro and transferred to Spain.
Summary of recent searches
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Considerations to make sending money from Canada to Spain easy
Comparing the different providers offering services between Canada and Spain, is the best way to send money with confidence.
The 19 providers we've compared ensures you will get the best options for your transfer to Spain from Canada. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Canadian Dollar to Spain.
Cheapest way to send money to Spain from Canada: Regency FX
The cost is a combination of an average fee of 0* CAD and an exchange rate for converting Canadian Dollar to Euro that is 0.05% different to the mid-market rate.
On average, Regency FX is 0.3% cheaper than the second-best option.
We would recommend Regency FX for low cost, affordable transfers from Euros to Spain.
*The most common fee applied to CAD-EUR by Regency FX, based on data from the past six months.
Fastest way to transfer money to Spain from Canada: Paysend.
Paysend was the quickest way to send Canadian Dollar to Euro in 42.3% of searches. For fast transfers between CAD and EUR, Paysend comes highly recommended.
When using Paysend to send money from Canada to Spain you can expect an average fee of 0 CAD. Although we would recommend comparing the amount you want to send.
When testing the 'fastest' options we compared 19 money transfer providers. To test overall speed of sending money from Canada to Spain we included the timeframe for depositing Canadian Dollar to a money transfer account and average transfer times to Spain.
When sending money to Spain from Canada quickly is a priority, Paysend is our recommended choice.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 19 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from Canada to Spain can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to Spain from Canada.
Understanding the cost of money transfers to Spain from Canada
The total cost of sending money to Spain from Canada is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for CAD-EUR is 0.6743 EUR per Canadian Dollar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Euro for your Canadian Dollars.
The CAD-EUR mid-market rate over the last three months has seen the Canadian Dollar worth an average 0.6703 EUR. Within this there has been a high of 0.6837, and a low of 0.6587.
From 19 companies compared, Wise offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting CAD to EUR.
Fees: When sending money there may be additional fees. Regency FX offers the lowest fee of the 19 providers tested, averaging 0 CAD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Euro eventually received in Spain.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Spain, means a better overall cost of sending money from Canada.
Getting the best exchange rate for Canadian Dollar to Euro
Tracking the mid-market rate can make a huge difference when sending money CAD to EUR. The exchange rate you secure impacts how much EUR you get for your CAD.
Here's some data on recent trends in the mid-market rate.
Over the past six months, the interbank rate from CAD to EUR has seen some fluctuation. On average, it has been 0.6703.
During this period, the highest value level was 0.6837, with a low of 0.6587.
Wise, which is our recommended service to send money online from Canada to Spain offers an exchange rate that is only 0% above the mid-market rate.
Want to secure the best CAD-Euro exchange rates?
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Payment methods for Canada to Spain transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Canada to Spain.
By opting for a money transfer company such as Regency FX for transfers from Canada to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Regency FX is the cheapest provider for bank transfers from the 19 we tested when sending CAD to Spain.
With an average fee of CAD0 to send money from Canada to Spain, Regency FX offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Canada to Spain is easy with Wise.
Wise is a market leader in debit card payments for transfers from Canada to Spain, this is among a total of 19 money transfer companies compared.
Credit card transfers
When it comes to sending money with a credit card from Canada to Spain, Xe emerges as our top choice of the 19 companies offering this service.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
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 Canada to Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
