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Overall best choice: Wise
We tested & reviewed dozens of money transfer providers, and Wise scored highly.
Wise appeared in 89.1% of Canada to United States searches, and was the top rated company out of 10 that support CAD to USD.
So for a great mix of cost, speed & features, make your Canada to United States transfer using Wise.
How to get the best deal on your Canada to United States transfer
Summary of recent searches
Important things to consider before sending money from Canada to United States
Don't settle for the first option. Always compare ways to send money from Canada to United States to find out about fees, speed, and reliability.
Our analysis included 10 providers that operate between Canada and United States.
Through this, you get a comprehensive view of all the options you have in Canada when you need to send money to United States.
Cheapest way to send money to United States from Canada: OFX
Data collected over the past six months shows that OFX is % cheaper than the second-best option.
The $0 transfer cost represents the most common fee for CAD to USD international transfers, based on data from the past six months.
If you want to secure the best rates on a CAD to United States transfer, make sure you pick OFX to send your money online.
*The most common fee applied to CAD-USD by OFX, based on data from the past six months.
Fastest way to send money from Canada to United States: Wise
Our data shows that Wise came up as the fastest way to send money from Canada to United States in 48.6% of searches. This makes them well suited to urgent CAD to USD money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Canada to United States - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Wise is your best choice at the moment. This service emerged as the quickest way to send money to United States from Canada in 48.6% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Wise.
While Wise may not always be the cheapest or fastest way to send CAD from Canada to United States, it’s the provider that will keep you safe and relaxed while your money moves into USD.
Understanding the costs involved when moving money from Canada to United States
When calculating the costs of money transfers between Canada and United States, here's what really matters:
The Mid-Market Rate: Today, the CAD-USD mid-market rate equals to 0.731376 USD per Canadian Dollar.
The CAD-USD average exchange rate for the past three months has been 0.7407 USD per Canadian Dollar, with a high of 0.758 and a low of 0.7214.
When looking to send money, we'd recommend Wise. On average Wise is -0.02% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from CAD to USD.
How to find the best exchange rate for Canadian Dollar to US Dollar
Timing is essential for sending money between CAD and USD. The exchange rate you secure impacts how much USD you get for your CAD.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from CAD to USD has seen some fluctuation. On average, it stood at 0.7407.
During this period, the highest value recorded was 0.758, while the lowest was 0.7214.
Wise, which is our recommended service to send money online from Canada to United States offers an exchange rate that is only -0.02% above the mid-market rate.
Want to secure the best CAD-US Dollar exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Canada to United States!
Payment methods available to fund your Canada to United States transfer
Bank transfers
Bank transfers are often the default option for sending money from Canada to United States.
By using a money transfer company such as OFX for transfers from Canada to United States, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, OFX is the cheapest provider for bank transfers from the 10 we tested when sending CAD to United States.
With an average fee of CAD0 to send money from Canada to United States, OFX offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Canada to United States with a debit or a prepaid card is very simple with Wise.
Wise is a leader in debit card payments for transfers from Canada to United States, competing among a total of 10 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Canada to United States, Wise emerges as our top choice of the 10 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between United States and Canada.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 United States.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send CAD to USD.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
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