Essential Strategies To Send Money to the Netherlands

NetherlandsCompare exchange rates, transfer fees and delivery methods when sending money overseas to the Netherlands.

Sending money between Canada and the Netherlands can be cheap and easy with the right transfer company.

While Canadian banks allow transfers to the Netherlands, they tend to charge high transfer fees and give poor exchange rates. Furthermore, it takes a bank transfer three to five business days to reach its destination.

In recent years, specialist money transfer companies have emerged on the market. These companies, like OFX, TransferWise, WorldRemit, TorFX, FairFX and multiple others, specialize in sending large sums of money overseas on a daily basis. With their sole focus on transferring money, this enables them to offer customers low transfer fees, competitive exchange rates and quick delivery speeds.

Read on to learn more about the factors you should take into account before sending your money to the Netherlands.

Compare international money transfer services below

Rates last updated June 20th, 2018
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
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.
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.
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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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

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Case study: Banks versus money transfer companies

Heidi just moved from Amsterdam to Manitoba with her husband and her twin daughters. Her extended family still live in the Netherlands, and they often send money back home for birthdays and other special occasions. Heidi is always on the look-out for cheaper, quicker ways to send money between the Netherlands and Canada. She decides to compare two money transfer services. You can see the results of her comparison in the table below.

Money transfer service 1Money transfer service 2
Exchange rateCAD$1 = EUR€0.62CAD$1 = EUR€0.62
Transfer feeCAD$3.99CAD$9.90
Amount received for CAD$1,000EUR€622.90EUR€622.23
Transfer timeOne to three daysOne to three days
Transfer optionsOnline transfer to bank accountOnline transfer to bank account
Difference+ €0.67

Heidi saves around CAD$6 each time she sends money to the Netherlands if she uses the first money transfer service. Since she took the time to compare different online transfer services, she knows she has found the best deal possible for her situation.

How do I compare transfer companies when transferring and receiving money via the Netherlands?

Comparing fees, exchange rates and delivery times is important when considering money transfer options. You should consider the following factors when comparing companies:

  • Exchange rates. The aim is to find a service that will transfer your money at the most competitive exchange rate and charge minimal transfer fees. Some transfer services offer lower or waived fees when you send larger amounts of money, while still maintaining a competitive exchange rate. Avoid comparing the exchange rate or the fees alone, instead, compare these two factors together to determine how much money your recipient will receive and how much the transaction will cost you.
  • Pick-up methods. Depending on the service, money can either be delivered via courier, collected in person at an agency or deposited directly into your recipient’s bank account.
  • Transfer methods. Money can be transferred online, between bank accounts, via a mobile app or via a direct cash deposit at the transfer service’s agency. Choose a method that suits both you and your recipient. Not all companies offer every type of transfer method, so shop around.
  • Fees. The fees depend on the service and how you send the money. Some services charge a flat fee irrespective of the amount of money you send, while others vary the fee according to how much money you send.
  • Turnaround time. Depending on the transfer service and method you choose, delivery time can be anywhere between a few minutes and three to five days. Services that take just a few minutes to transfer the money tend to charge much higher transfer fees.
  • Minimum transfer amounts. Most transfer services start with minimum amounts that range between $1 and $10. Watch out for minimum amounts that can be as high as $500 or $1,000 if you are trying to send small amounts only.
  • Customer service. While money transfer websites are usually user-friendly, it’s important that they have an effective and competent customer service team. Always choose a reputable company that offers a couple of different ways to contact them, whether that be by email, phone, in person or via online chat.

How do I send money to the Netherlands from Canada?

You can send money to the Netherlands in the following ways:

  • Bank to bank. Send money between bank accounts with an IBAN (International Bank Account Number) or a SWIFT (Society for Worldwide Interbank Financial Telecommunication) code. This can be an expensive way to send money since banks typically charge much higher fees.
  • PayPal. Use the services of PayPal to send money online almost anywhere in the world. You and your recipient must both have PayPal accounts in order to send and receive money. Accounts are free and only take a few minutes to setup.
  • TransferWise. Send funds cheaply to the Netherlands by using this online service. Funds are sent directly to your recipients bank account.
  • WorldRemit. Offering some of the lowest fees, WorldRemit can send the funds directly to your recipients bank account.
  • Western Union. With hundreds of pickup locations across Canada and the Netherlands, Western Union allows you to send money online and have it picked up as cash in just minutes.
  • MoneyGram. You can visit a MoneyGram branch in Canada to send money overseas. Much like Western Union, MoneyGram can send money overseas in just minutes.

Other specialist money transfer companies will allow transfers between Canada and the Netherlands. These companies may include TorFX, FairFX, Currencies Direct, WorldFirst, OFX and others.

How do I receive money from the Netherlands in Canada?

There are several quick, easy ways to send money to Canada from the Netherlands. Here are a few to consider:

  • Cash pickup services. Companies like Western Union and MoneyGram allow you to send money online as a deposit into your recipient’s account or for your recipient to collect in person as cash at an agency.
  • PayPal. You can send money overseas using PayPal, however both you and your recipient must have PayPal accounts.
  • Money transfer company. A variety of money transfer companies allow transfers between the Netherlands and Canada including OFX, WorldRemit and TransferWise.

Emergency cash transfers in the Netherlands

If you’ve lost your wallet or purse or had cash stolen and need money sent to the Netherlands in a hurry, there are a few transfer methods that guarantee quick, or sometimes almost instant, delivery.

  • Cash pickup. You can use a service like MoneyGram or Western Union to receive cash sent by friends or family. You can collect this cash within minutes, which can be extremely helpful in emergency situations.
  • Credit card. If you have an existing credit card with American Express, Visa or MasterCard, you may be able to receive funds from them. Contact your bank or credit card provider to find out how. Keep in mind the money you withdraw will be added to your credit card balance.
  • Insurance company. Your travel insurance may cover lost or stolen goods, alongside other events like flight delays, cancellations, medical expenses and lost or stolen luggage. You will need a police report if you have been robbed in order to file a report with your insurance company.

Cash pickup locations in the Netherlands/ Western Union / MoneyGram branches in the Netherlands

Below are a few pick-up locations for money sent via Western Union and MoneyGram. Consider calling ahead to double check the opening hours and the address of the location.

Western Union


  • Aboudi Korte
    Leidsedwarsstraat 74 Links Amsterdam,
    North Holland 1017RD
    Open Monday to Sunday 10am to 10pm
  • GWK Travellex
    Leidseplein 31a Amsterdam,
    Open Monday to Sunday 10:15am to 5:45pm


  • SSS Mobile
    Jonker Fransstraat 88a Rotterdam,
    South Holland 3031AX
    Open Monday to Saturday 8:30 am to 6pm, Sunday 12pm to 5pm
  • C and Go Shop
    Zuid Holland 3031AN
    Open Monday to Saturday 8am to 6pm, Sunday 10am to 5pm



  • Sunro Change BV
    DAMRAK 17
    Amsterdam, 1012 LH
    +31 20 4270260
    Open Monday to Sunday 8:20am to 10:15pm


  • Kaah Express
    Beijerlandselaan 169
    Rotterdam, 3074 EH
    +31 10 4861555
    Open Monday to Saturday 10am to 6pm
  • MoneyGram Agent Shop
    Weena 697
    Rotterdam, 3013 AM
    Open Monday to 8:45am to 7:30pm

Tips for picking up cash in the Netherlands

The Government of Canada advise Canadian travellers to take normal safety precautions while visiting the Netherlands. While crime is relatively low, there is a heightened threat of terrorism. If you’re going to collect cash at a money transfer agency, try and take someone with you. Be sure to get there during office hours so you don’t have to wait around by yourself until they open. Avoid using public transportation with large sums of money and immediately deposit your cash or put your money into a safe place.

What are the steps to send money to the Netherlands?

Depending on the service you choose, you’ll need to provide some, or all, of the following information:

  • Valid identification
  • Your email address
  • Your recipient’s name, address and bank account details
  • The amount you’d like to send

The bank or transfer service will send you a confirmation email or give you a receipt if you’ve made the transfer in person.

Thanks to a variety of money-transfer agencies facilitating international transfers to the Netherlands, you have several options at your disposal.

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