Looking for the best way to send money from Canada to family, friends or businesses in Myanmar (or even to your own overseas bank account)?
Don't head straight to your Canadian bank – compare specialist money transfer services instead. They nearly always offer better MMK exchange rates and lower fees, so for the same amount of Canadian dollars you send, your recipient will receive more kyats.
Of the companies we've compared, Remitly is among the cheapest, with competitive exchange rates and fees starting from $0. Need a really fast transfer? Remitly can get money to your recipient in Myanmar within minutes.
Best ways to send money to Myanmar from Canada
The best way to send money to Myanmar depends on your payment method, how you want your money to be received and how fast you need it to arrive.
Online money transfer provider. When buying Canadian dollars
or kyats
, money transfer specialists typically offer better rates and cheaper fees than a local bank.
Bank transfer. Bank transfers are an easy way to send money to Myanmar, but they charge extra for the convenience and are often slower than other methods.
Cash pickup. If you need your money to arrive fast, cash pickup gives your recipient instant access to the money you've sent when they collect it from their agent location in Myanmar.
Mobile wallet. Essentially an electronic wallet service, mobile wallets allow users to store, send and receive eligible currencies using their phone, often with fees attached.
Home delivery. If your recipient may struggle to get to a cash pickup location, you may be able to opt for door-to-door cash delivery.
Compare the best money transfer companies to send money to Myanmar
Use our table to compare the best money transfer companies to send money to Myanmar. You can compare deposit and receiving options, fees and transfer speeds, then click the "Go to site" button when you've found the best one to get your money to Myanmar.
{"niche":"CAFMT"}
1 - 2 of 2
Cheapest way to send money to Myanmar
Bank transfers are typically the cheapest way to get your money to Myanmar. Remitly and have some of the lowest bank transfer fees of the brands we've compared.
When you're hunting down the cheapest ways to send money to Myanmar, it's more important to look at the overall cost of your transfer. This has a couple of elements:
Transfer fees. While still cheaper than your Canadian bank, some money transfer services charge either a fixed or percentage-based fee for making your transfer.
Exchange rates. Another way money transfer providers make money is to add a margin to the mid-market CAD/MMK exchange rate.
Some providers may charge the mid-market rate but add fees on top. Others may have very low fees but apply a markup on the exchange rate. This means it is important to compare exactly how many kyats your recipient will end up with.
Fastest way to send money to Myanmar
Many online providers can offer transfers to Myanmar within minutes, although you're likely to pay a premium for the convenience.
Here are some of the fastest average transfer speeds to Myanmar:
Remitly — within minutes
Actual transfer times from Canada to Myanmar can depend on several several factors including transfer amount, payment method and currency.
Safest way to send money to Myanmar
The safest way to get your money to Myanmar is to use a provider registered with Canada's industry regulator, the Financial Consumer Agency of Canada. All the companies we've compared in our table are overseen by a local regulator and comply with the relevant laws and regulations in both Canada and Myanmar.
A great way to dive deeper is by reading our extended
reviews of each transfer service
and researching first-hand customer feedback on Trustpilot and similar platforms.
Large money transfers to Myanmar
If you need to make a sizable money transfer to Myanmar, consider using a provider such as to benefit from its expertise in handling larger transfer amounts.
Using a large transfer specialist can have the following advantages:
Tax guidance. Large transfers to Myanmar may have tax implications for you or your recipient. A transfer specialist can help get you up to speed on the CRA's latest advice.
Foreign exchange (forex) tools. Advanced tools such as forward contracts, limit orders and stop-loss orders can help you lock in the MMK exchange rate you want.
Account manager. Some money transfer providers assign a personal account manager who can help and advise you on your transfer needs.
Phone service. If you want to talk your transfer through with someone, a provider such as Remitly can give you support over the phone.
How to send money to Myanmar from Canada
To send money to Myanmar, you'll need the necessary documentation, your recipient's details and a way to pay.
Compare your options.
Use our table to find a money transfer provider that sends funds to Myanmar. One may be better for cash pickups, while another may suit a bank transfer. Once you've found the best one for your requirements, click "Go to site".
Create an account.
You'll need to give your name, address, contact details, proof of ID and method of payment.
Provide your recipient's details.
Enter your recipient's name and contact information. If you're sending straight to their Myanmar bank account, you'll need the account number,
SWIFT or IBAN plus their bank branch's address.
Enter your transfer amount.
Make sure you're happy with the fees, exchange rates and transfer speed, then enter the amount you wish to send. Double-check the total kyats your recipient gets.
Complete your transfer.
Send your money transfer to Myanmar. Keep your transaction reference number safe so you can track your transfer. Your recipient may need it, too.
How to choose the best money transfer companies to send money to Myanmar
When choosing a money transfer provider to send money from Canada to Myanmar, it's important to consider the cost, how you want your recipient to receive the funds and the turnaround time. Here are other features to review:
Exchange rates. Banks and transfer services use the mid-market rate to trade with one another. It is the best rate you can get. However, not all money transfer providers offer you this mid-market rate so compare the MMK you're offered to the mid-market rate and look for the smallest difference.
Transfer fees. Are you being charged a flat fee or a percentage of your transfer amount? For example, a provider offering to transfer your money to Myanmar for a flat or low fee might work out better if you plan to send a large amount.
Transfer type. Does your recipient have a Myanmar bank account or is cash or cell phone top-up a better option? Each transfer type has different fees. For example,
instant cash pickups
tend to be more expensive than
bank transfers
.
Transfer speed. If you need your transfer to arrive quickly, you can pay for an express delivery. Companies such as Remitly offer instant cash pickups but may charge more. If you're not in a rush, online money transfer services offer the best value and get your money to Myanmar faster and cheaper than banks.
Transfer limits. Find out how much you can send with each service. For example, Remitly allows transfers up to $999.
Discounts. Some providers may offer you a free transfer simply for signing up. Others may offer a discount if you transfer more than a specific amount of kyats.
Frequently asked questions
Photo identification: Most providers require a driver's license, passport or other Canadian government-issued ID.
A way to pay: Your options depend on the provider's services. Popular methods include cash, debit or credit card and bank account transfers.
Recipient information: You'll need their name (matching their ID) plus contact details. If sending to a Myanmar bank account, you'll need their account number, SWIFT and branch details.
Transfer number: The reference number – sometimes called a PIN, MTCN or tracking number.
Government-issued ID: An official ID, such as a Myanmar passport or driver's license.
The transfer amount: To know how much has been sent, usually to within 10% of the total.
Sender information: The sender's name and address and the transfer's country of origin.
This depends on your chosen provider, as each will have a sending limit. For example, services such as Remitly and allow you to transfer as little as $1, while others will have a significantly higher minimum threshold.
Remember that some providers will have maximum transfer amounts as well, either as a result of Canadian tax policies or because their service is more limited. If you need to send a large transfer, look for a provider with higher or no sending limits to Myanmar.
The turnaround time for a money transfer to Myanmar depends on the provider and how you pay for the transfer. Expect your transfer to arrive within minutes if you pay using cash or with a debit or credit card. Paying by bank transfer can take longer – usually 2–5 days.
Yes, you can still send a money transfer if neither you nor your recipient in Myanmar has a bank account. Look at cash transfer providers such as Remitly, where you can pay with cash, and your recipient can collect it as cash or as a mobile phone reload on the other end.
We are an NGO from Shillong, India running a project in Myanmar. We need to transfer fund to our partner in Myanmar for different training programs. What is the correct procedure to transfer fund to Myanmar from Shillong, India from an FCRA Account?
Finder
AdrianAugust 18, 2016Finder
Hi Bahrit,
Thanks for your question. The process will depend on the money transfer service you choose.
If you would like to use Western Union, you can go directly to the site from this page by clicking on the green “Go to site” button in the comparison table. Once on their website, click on the ‘Send Money’ tab and follow the instructions under ‘Sending money options’. You generally need to create an account with Western Union to proceed and an option to create an account will be available once you’re on the website.
Generally, you can send money from you bank account. Once you have followed all the steps for sending money, you will be given a number. The recipient then collects the cash from a Western Union agent, quoting this number.
Hope this has helped.
Clarizza
JosephApril 14, 2016
How do my friend can send me the money fron US to Kalaymyo through Money Gram?
Finder
ShirleyApril 15, 2016Finder
Hi Joseph,
Thanks for your question.
Unfortunately it seems that MoneyGram doesn’t support international money transfers to Burma anymore. You may want to consider alternative service such as Western Union.
Your friend can do it a local Western Union branch or online.
AshishNovember 17, 2015
How can i transfer money online from US to Myanmar? is there any available service?
VenAugust 6, 2015
Hello, i want to transfer money to myanmar from india,, i have no idea how to do and there is no location find ..plz help me
abhayOctober 28, 2015
Hello, i want to transfer money to myanmar from india,, i have no idea how to do and there is no location find ..plz help me
Reply
PotMarch 29, 2015
Can you tell me how to transfer money Australia to Myanmar, I’m a bit confused.
When I filled the from, do I need to write the Western Union name, address or the recipient’s details?
Finder
MarcMarch 30, 2015Finder
Hi Pot,
thanks for the question.
This will depend on how you’re sending money to Myanmar. If you’re sending it using Western Union’s Money in Minutes service or their bank account to bank account service, you’ll need to supply the recipient e.g your friend or cousin’s details.
If you’re sending it to a Western Union branch to be picked up as cash, you’ll need to fill out a send money form and select ‘cash pickup’.
Next, you’ll need to give the agent at the Western Union branch the completed form, and then give your recipient the tracking number, which they can bring to their nearest Western Union branch to pick up.
I hope this helps,
Marc.
Feedback
How likely would you be to recommend Finder to a friend or colleague?
0
1
2
3
4
5
6
7
8
9
10
Very UnlikelyExtremely Likely
Required
Thank you for your feedback.
Our goal is to create the best possible product, and your thoughts, ideas and suggestions play a major role in helping us identify opportunities to improve.
Advertiser Disclosure
finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation. We may receive compensation from our partners for placement of their products or services. We may also receive compensation if you click on certain links posted on our site. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. finder.com compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please appreciate that there may be other options available to you than the products, providers or services covered by our service.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
We are an NGO from Shillong, India running a project in Myanmar. We need to transfer fund to our partner in Myanmar for different training programs. What is the correct procedure to transfer fund to Myanmar from Shillong, India from an FCRA Account?
Hi Bahrit,
Thanks for your question. The process will depend on the money transfer service you choose.
If you would like to use Western Union, you can go directly to the site from this page by clicking on the green “Go to site” button in the comparison table. Once on their website, click on the ‘Send Money’ tab and follow the instructions under ‘Sending money options’. You generally need to create an account with Western Union to proceed and an option to create an account will be available once you’re on the website.
Generally, you can send money from you bank account. Once you have followed all the steps for sending money, you will be given a number. The recipient then collects the cash from a Western Union agent, quoting this number.
Hope this has helped.
Clarizza
How do my friend can send me the money fron US to Kalaymyo through Money Gram?
Hi Joseph,
Thanks for your question.
Unfortunately it seems that MoneyGram doesn’t support international money transfers to Burma anymore. You may want to consider alternative service such as Western Union.
Your friend can do it a local Western Union branch or online.
How can i transfer money online from US to Myanmar? is there any available service?
Hello, i want to transfer money to myanmar from india,, i have no idea how to do and there is no location find ..plz help me
Hello, i want to transfer money to myanmar from india,, i have no idea how to do and there is no location find ..plz help me
Reply
Can you tell me how to transfer money Australia to Myanmar, I’m a bit confused.
When I filled the from, do I need to write the Western Union name, address or the recipient’s details?
Hi Pot,
thanks for the question.
This will depend on how you’re sending money to Myanmar. If you’re sending it using Western Union’s Money in Minutes service or their bank account to bank account service, you’ll need to supply the recipient e.g your friend or cousin’s details.
If you’re sending it to a Western Union branch to be picked up as cash, you’ll need to fill out a send money form and select ‘cash pickup’.
Next, you’ll need to give the agent at the Western Union branch the completed form, and then give your recipient the tracking number, which they can bring to their nearest Western Union branch to pick up.
I hope this helps,
Marc.