Repatriation of Funds | Definition, How to Find the Best Exchange Rate and FAQs

Moving funds back to Canada from overseas doesn’t have to be time-consuming and costly. Learn to find quick and cost-effective ways to repatriate funds.

If you make regular overseas payments, find a money transfer service provider that is cost-effective and reliable. Transferring your pension, wages, tuition fees or loan payments to another country can be a difficult and time-consuming process, especially if you make the payments on a regular basis. However, using a service provider who can offer you great customer service, competitive rates and low transfer fees can help you save time and money when making regular international money transfers.

Rates last updated June 20th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
Exclusive: World First International Money Transfers
USD 250
1 day
Online, Phone
Exclusive offer: $0 transfer fee and discounted exchange rates for your first trade only.
A higher exchange rate applies to non-finder customers. Send money in more than 130 currencies.
TorFX International Money Transfers
USD 150
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.

Send money overseas in 45 currencies.
Exclusive: OFX (Ozforex) International Money Transfers
USD 150
1 day
Online, Phone, Agent
Exclusive offer: Discounted exchange rates for your first and ongoing transactions. $0 transfer fee.
A higher exchange rate applies to non-finder customers. Send money in 45 currencies.
WorldRemit International Money Transfers
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
TransferWise International Money Transfers
1 - 2 days
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
The ‘Rate’ and ‘Amount Received’ displayed are indicative rates that have been supplied by each brand or gathered by Finder.

Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention “Finder” before you commit to a brand.

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Repatriation of funds

If you regularly pay bills, send school fees or make mortgage payments from overseas, it’s important to have a simple and cost-effective way to ensure your money gets to the required account on time. Since banks can charge around $50 per transfer, using an international money transfer service provider allows you to skip paying outrageous amounts each month on transfer fees and commissions.

How does repatriation of funds work?

Repatriation of funds basically gives you the ability to have money without borders, allowing you to transfer funds back to Canada from overseas. There are many Canadians living and working overseas who need to move money back home regularly for a variety of personal or business reasons.

However, it’s not always easy to move your investment funds or other funds from one country to another. There may be restrictions on how much money you can move and requirements for you to prove that your money is from a legitimate source. A repatriation service provider can help you get your money to Canada quickly and ensure that you make a substantial profit by offering you a competitive exchange rate and low transfer fees.

Examples of repatriation of funds

  • Real estate investment. Purchasing property overseas is a significant investment. Although property may be cheaper overseas than in Canada, you will still need to move a large sum of money and will require a currency provider who offers you a competitive foreign exchange rate.
  • Foreign pensions. If you hold your pension in an overseas account and are planning to retire back home, you will need to move your pension fund to Canada. You’ll need a currency provider who can save you money on fees, give you a good exchange rate and help you come up with a retirement plan.
  • Wealth management. Converting assets held overseas into foreign currency can be confusing, especially with the laws regulating international transfers of investment funds and occasional currency exchange fluctuations. Wealth management and conversion of assets is part of the repatriation services offered by banks and other currency providers. These services help you to understand the process and answer any questions you may have.

How do I compare international money transfer services?

  • Fees. A currency provider that charges competitive fees for international money transfers can help you save a lot of money. While banks may end up charging fees up to 1% of the transfer amount, you can save by using a currency provider who has few or no transfer and commission fees.
  • Accessibility. If you regularly transfer money overseas, you need a service provider who has wide coverage in many countries worldwide. Most banks and reputable international money transfer companies have an international presence. Many have multiple branches, agents and offices across Canada and overseas that make it easy to send and access funds from almost anywhere globally.
  • Exchange rates. Transferring funds from one country to another at the right time can make you a substantial amount in profits. Since foreign exchange rates are always fluctuating, you need a currency provider who can advise you on the right time to convert your funds, while still providing you with a competitive exchange rate.
  • Reputation. With so many currency providers in the market today, you need to protect your investments overseas by only trusting reputable providers or a bank to handle your international money transfers.

What are the pros and cons to repatriating funds?


  • Easy and fast overseas payments. Whether you are making a one-off overseas payment or are regularly transferring money back to Canada for family, investment or business needs, you can now easily do so using international money transfer services offered by banks and other service providers.
  • Easier emigration. Moving to another country can pose many challenges, the biggest of which may be converting all of your assets to foreign currency for use in your new country. With repatriation of funds, you can easily convert all of your offshore assets to cash and move the funds back to Canada in an easy and convenient process.
  • Competitive international transfers. There are many reputable currency providers who are using new methods to transfer funds internationally. They can save you a lot of time and money by waiving all fees and commissions on transfers when repatriating funds.


  • Laws and regulations. Repatriating funds can be complex due to many laws governing the process. You can face restrictions in some markets on the amount you can send or on the method of sending funds back to Canada.


    • Yes. If you are planning to repatriate funds in the future, you can talk to your currency provider about the right time to do this. If exchange rates are extremely volatile at the moment, you have the option of fixing your exchange rate up to one year in advance.

      Moving money when foreign exchange rates are high is a sure way to make substantial profits on international money transfers. A foreign exchange broker can offer you advice on the right time to convert your foreign funds.

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      10 Responses

      1. Default Gravatar
        darylJanuary 20, 2016


        similar to Arthur ( above ) I also have a large sum of THB in Thailand ( from salary ) and am looking to send it back to Australia.

        Can you advise if it is best to convert the THB to AUD in Thailand, then TT AUD back to Australia or to send a THB TT ( with THB conversion to AUD occurring in Australia )…

        I have done both in the past, and been burned both times by getting it wrong. Is there any way to check the FX rates at departure country and country of receipt and or to lock the rates in ( if country of receipt has a better rate??


        • Staff
          ShirleyJanuary 21, 2016Staff

          Hi Daryl,

          Thanks for your question.

          If you’re currently using banks to complete the telegraphic transfers, there’s a good chance that you’re not getting the best value.

          You may want to compare international money transfer services as they usually offer better rates and lower fees.

          Using this method, it generally doesn’t matter which country you exchange the money as it only goes through one channel.


      2. Default Gravatar
        ellenMarch 25, 2015

        What are the criteria for listing the various banks/ exchange transfer companies in your comparison table? I was potentially interested in Currency Fair, now it is not listed any more – why not?

        • Staff
          ShirleyMarch 25, 2015Staff

          Hi Ellen,

          Thanks for your question.

          Unfortunately Currency Fair is not part of our panel of providers at this current point in time. If you would like to read our review of other international transfer products, please have a look at our page.


      3. Default Gravatar
        EllenMarch 11, 2015

        Can I transfer funds from a German bank account to an Australian Bank account using Currency Fair International Transfers? How does it work ?

        • Staff
          ShirleyMarch 12, 2015Staff

          Hi Ellen,

          Thanks for your question.

          Yes you can transfer funds from a German bank account to an Australian bank account using CurrencyFair. First you’ll need to set up an account with Currency Fair and provide supporting documentation for your account.

          You can then follow the prompts to complete your transfer, you’ll need to provide the details of both of your accounts.


      4. Default Gravatar
        ArthurAugust 26, 2014

        I have a substantial amount of Thai Baht in an account in Thailand and wish to have them back here in Australia, Can you direct me to where I can find the Informatin on recovering these funds and what the fees might be to have them back in my Australian Bank Account.
        Thank You,

        • Staff
          ElizabethAugust 26, 2014Staff

          Hi Arthur,

          Thanks for your question.

          You can use the table on this page to compare providers who will be able to offer you international transfer services. To learn more about these individual providers, you can click the ‘more’ button, which will take you through to a page that will show you what’s involved with the transfer, including a breakdown of fees (for most providers). You can then click the ‘apply’ button to start the transfer.

          Hope this has helped.



      5. Default Gravatar
        TejasJuly 11, 2014

        Looking for guidelines on Repatriation of fund FROM Australia to home country (for Non Australian Resident).

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