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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. Look into a money transfer specialised instead to send money to the Netherlands, following these steps:
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, using exchange rates at the time of writing in the spring of 2018. Check current exchange rates before making your decision.
|Money transfer service 1||Money transfer service 2|
|Exchange rate||CAD$1 = EUR€0.62||CAD$1 = EUR€0.62|
|Amount received for CAD$1,000||EUR€622.90||EUR€622.23|
|Transfer time||One to three days||One to three days|
|Transfer options||Online transfer to bank account||Online transfer to bank account|
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.
Comparing fees, exchange rates and delivery times is important when considering money transfer options. You should consider the following factors when comparing companies:
You can send money to the Netherlands in the following ways:
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.
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.
The Government of Canada advises Canadian travellers to take normal safety precautions while visiting the Netherlands. While crime is relatively low, as of the time of writing in 2018, 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.
Depending on the service you choose, you’ll need to provide some, or all, of the following information:
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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