Best ways to send money to the UK from Canada
🏅 The overall best way to send CAD to the UK: XE
💲 The cheapest way to send money to the UK from Canada: Wise
⏲️ The fastest way to send money to the UK from Canada: XE
🏦 The best way to send money from Canada to the UK via a bank transfer: XE
💳 The best provider for credit card transfers from Canada to the UK: XE
💳 The best provider for debit card transfers from Canada to the UK: XE
Sending money from Canada
Sending money from Canada is relatively simple - here’s what you need to know about how to send money, including what information you’ll need.
How do I send money from Canada?
What details do I need to send money from Canada?
Do I have to pay tax on money transfers from Canada?
Sending money to the United Kingdom
The United Kingdom has the Financial Conduct Authority that regulates all services that provide international money transfers to this destination. Apart from using a licensed provider, here's what else to know about receiving the money in the UK.
How do I receive money in the United Kingdom?
What details do I need to receive money in the United Kingdom?
Do I have to pay tax on money transfers to the United Kingdom?
What is the fastest way to send money from Canada to the United Kingdom?
When sending money from Canada to the United Kingdom, 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 - GBP.
Using a money transfer provider will almost always be the fastest way to send money from Canada to the UK, especially if you pay by debit or credit card as these payments tend to be processed quicker. It’s faster than direct bank transfers as you won’t need to use the SWIFT banking system, while it also beats outdated methods like money orders.
The fastest way to receive the money in the UK is likely to be a cash pickup, as the money is often ready to collect as soon as it’s been deposited by the sender.
How long does it take to send money from Canada to the United Kingdom?
The good thing about sending money from Canada to the UK is that many money transfer providers offer transfers within a day or two - and some even on the same day. However, it does depend on a few different factors, including:
How you pay: Paying by bank transfer, debit or credit card can sometimes take different amounts of time
How the money is sent: Making a bank transfer through a money transfer provider and arranging for a cash pickup is likely to be faster than having it deposited into the receiver’s bank account
The provider you choose: Providers offer different speeds for different routes, so be sure to compare your options with MoneyTransfers.com to find the best deal for you
What’s the cheapest way to send money from Canada to the United Kingdom?
Finding the cheapest way to send money from Canada to the United Kingdom is easier when you compare your options with MoneyTransfers.com. Wise has been determined by our comparison engine to be currently offering you the cheapest rates possible.
In almost all cases, the cheapest way to send money from Canada to the UK will be by making a bank transfer through a money transfer provider. By avoiding direct bank transfers through the SWIFT banking system, you won’t need to pay high processing fees.
If you’re making regular transfers it might be worth considering a bank that operates in both Canada and the UK, such as the Royal Bank of Canada. Just be sure they can offer free transfers otherwise it’s likely a money transfer provider will be your best bet.
How much does it cost to send money from Canada to the United Kingdom?
The actual transaction cost might depend on a few factors. Some providers have fixed fees regardless of the method used, so you might pay only CAD2 to CAD5. Others charge more for higher sums, and there are payment service fees. Card companies charge when you use debit and credit cards to send money from Canada to the UK.
Another consideration is the CAD to GBP conversion rate. Compare rates and pick the one closest to the mid-market level to minimize your losses since this is another way money transfer platforms make money.
What payment methods are available when sending money from Canada to the United Kingdom
Some platforms offer Canadian-friendly deposit methods, such as INTERAC payments. But the most common options include the ones named in the following sections.
Sending money from Canada to the United Kingdom by credit card
Sending money from Canada to the United Kingdom by debit card
Sending money from Canada to the United Kingdom by bank transfer
Sending money from Canada to the United Kingdom by digital wallet
What are the best apps for sending money from Canada to the United Kingdom?
Online money transfer platforms allow sending funds from Canada to the UK by using the internet, and mobile apps take this to the next level. They support sending on the go from any location, providing you have an internet connection on the chosen portable device.
The best providers that have Android and iOS mobile apps are XE, WorldRemit, and Wise. Regardless of the platform you choose, you'll have a free and user-friendly app that makes sending money simple.
About Money Transfers to the UK from Canada
We’ve compared the best money transfer providers to send money from Canada to the UK. The cheapest provider for CAD to GBP transfers is Wise, while the fastest is XE.
💸 Number of providers | 4+ |
💰 Most transferred amount | 1000 GBP + |
💸 Cheapest provider (on average) | Wise |
⚡ ️Fastest transfer time | Few hours with XE |
💱 Currency Transfer Pair | CAD - GBP |
📈 CAD - GBP mid market rate | 0.592503 |
💳 Pay-in options in Canada | Bank transfer from Canada with XE, Debit card with XE, Credit card with XE and PayPal |
💵 Pay-out options in the UK | Bank account, Debit card, Cash pickup in the UK |
🏆 Top 3 CAD - GBP providers | XE, Wise and Instarem |