Stop worrying about exchange rates with same currency transfers

Your complete guide to same currency transfers

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Whether you are transferring funds to someone in Canada or sending money overseas, completing a same currency transfer has never been easier. There are plenty of reasons why someone may want to conduct a same currency transfer. For example, you may be travelling overseas and wish to send some of your Canadian dollars to a relative back home or you may be on vacation in Europe and want to transfer funds from one Euro Zone country to another.

Whatever the case may be, it is simple and straightforward to send a same currency transfer.

WorldRemit International Money Transfers

WorldRemit International Money Transfers

WorldRemit can help you get your money where it needs to go in minutes, with upfront exchange rates and low fees.

Use promo code FINDERCA on your first transfer and pay zero fees. T&Cs apply.

  • Transfers to 150+ countries
  • Send to bank account, cash pickup, mobile money, airtime top up
  • Pay with card, Interac or Apple/Android Pay

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    CAD 0 Within an hour CAD 3.99 0.757 USD
    Use code FINDERCA and pay zero fees on your first transfer. Conditions apply.
    An online money transfer service with cash pick-up, bank account to bank account and airtime transfers available.
    Go to site Show details
    CAD 0 1 day CAD 0.00 0.756 USD
    Send money in more than 60 currencies. Fee-free international money transfers with a global brand. Go to site Show details
    CAD 2,000 1 day CAD 0.00 0.753 USD
    TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
    Send money overseas in 45 currencies.
    Go to site Show details
    USD 150 1 day CAD 15.00 0.753 USD
    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.
    Go to site Show details

    Compare up to 4 providers

    Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

    How does a same currency transfer work?

    Same currency transfers can be used for many different purposes. For example, you may need to submit payment for goods you have purchased or you may need to send an emergency transfer to a relative in another country.

    The main benefit of sending funds in the same currency is that you will not have to worry about foreign exchange rates or currency conversion fees. Although transfer fees will still apply, this overall reduction in fees can help you save a lot of money.

    There are plenty of options to choose from when it comes to sending a same currency transfer, including sending the currency via online money transfer companies, banks and even PayPal.

    How do I compare same currency transfers?

    • Fees. One of the most important features you should consider when choosing a same currency transfer provider is the fees that you will be charged. Some providers charge a flat fee, others charge fees as a percentage of your transaction amount, and other providers will waive fees altogether when you send more than a certain amount of money.
    • Transfer methods. Compare the available methods for making a transfer. Is it all handled online, over the phone or do you need to visit a branch to send your funds?
    • Transfer time. How long will it take for the funds to arrive to your recipient? This is especially important if you are sending an emergency transfer.
    • Pickup options. Some companies only offer transfers direct to someone else’s bank account or provider account while other companies make it possible for the cash you send to be picked up in person from an agent location.
    • Customer service. Weigh the pros and cons of the customer service options offered by different providers. It’s important that a company is able to offer assistance whenever you need it, so look for features such as online help centres, live chat and 24-hour call centres.

    What are the pros and cons of same currency transfers?


    • No exchange rates. Since there is no need to convert the currency you send into a different currency, you needn’t worry about finding a good deal on foreign exchange rates.
    • Plenty of options. Thanks to the Internet and a range of other modern technologies, you have plenty of options to choose from when deciding how to send a same currency transfer.
    • Convenience. There is no hassle when sending a same currency transfer. You can complete the entire transaction quickly and easily online if you choose.


    • Fees. You might have to pay a fee when you send a same currency transfer, although this depends on the service you choose to go with.

    What are the risks of sending a same currency transfer?

    • Being unaware of fees. As with any financial transaction, it is important to make yourself aware of any fees that may apply before you send a same currency transfer. This will ensure that you do not end up with a nasty surprise that leaves you spending more money than you planned.
    • Unreliable providers. There is always a small risk when you use online money transfer providers. Make sure you use a trusted and reputable company to avoid being a victim of fraud.

    Common questions about same currency transfers

    Ask an Expert

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    4 Responses

    1. Default Gravatar
      yukoAugust 4, 2015


      I have some cash in Japanese yen in Australia. If I open multi currency account in HSBC (and deposit the cash in JPY), then is that able to transfer the JPY to other Australian bank (let’s say, westpack, national bank etc…) account by JPY?

      I am thinking to use Australian FX company to convert the cash with better rate.

      If is that available, what is the actual multi currency account fees and transfer cost in HSBC?? can you advise me?


      • Avatarfinder Customer Care
        BelindaAugust 5, 2015Staff

        Hi Yuko,

        Thanks for your enquiry.

        Please note that is an online comparison service and we don’t represent HSBC.

        If you’d like to read more about the HSBC multi currency account and their fees you can visit this page.

        It may be possible for you to transfer the JPY to an external account through an online transfer. The local transfer online is free if the transaction is done as a telegraphic transfer, otherwise you will be charged a $20 fee + other bank fees + 0.25 currency conversion, or a $200 maximum fee.

        However, cash deposits are only accepted in USD, HK and GBP with this account.

        You can find a complete list of their product fees on their website.


    2. Default Gravatar
      MrJune 15, 2015

      is it easier to open a new account in Australia which we now reside in and then transfer our savings to that account from the uk .? Or transfer it to our bank we now use in australia ??? 2 the Atm cards we hold are still active expire-date is 12/49 ?

      • Avatarfinder Customer Care
        BelindaJune 16, 2015Staff

        Hi Mr Clement,

        Thanks for your enquiry.

        You’ve come through to which is an online comparison service, so please note that we don’t offer products ourselves.

        Deciding on how to manage your funds will depend on the conditions offered by your lender so I would suggest that you speak to them directly.


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