{"id":27458,"date":"2019-05-30T12:00:23","date_gmt":"2019-05-30T16:00:23","guid":{"rendered":"https:\/\/www.finder.com\/?p=27458"},"modified":"2024-11-21T10:38:47","modified_gmt":"2024-11-21T15:38:47","slug":"send-money-internationally","status":"publish","type":"page","link":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally","title":{"rendered":"Find the best way to send money internationally"},"content":{"rendered":"<p>Looking to send an international money transfer? While you could use your bank, you\u2019ll likely get better exchange rates, lower fees and faster transfers elsewhere. Keep reading to find out the best way to send money internationally based on your transfer needs.<\/p><h3>What\u2019s the cheapest way to send money internationally?<\/h3><p>Take these steps to get the best money transfers:<\/p><ol><li><strong>Go with money transfer specialists.<\/strong> Since they tend to offer better exchange rates and fees than banks, more money will go to your recipient\u2019s account. Cheap ways to send money internationally include RemitBee, Xe and Instarem.<\/li><li><strong>Pay by bank transfer. <\/strong>Once you\u2019ve selected a money transfer specialist, pay via bank transfer. If you choose other methods, you may pay extra fees.<\/li><li><strong>Send to your recipient\u2019s bank account. <\/strong>Other delivery methods, such as cash pickup, may come with extra fees.<\/li><\/ol><h3>How much does it cost to send money overseas?<\/h3><p>When you send money internationally from Canada, <strong>exchange rates and transfer fees<\/strong> play a huge role in determining your costs.<\/p><ul class=\"luna-accordionGroup accordionGroup\"><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000000\" data-toggle=\"collapse\" data-target=\"#accordion0000000000\">\n        <span class=\"luna-accordion__title\">What you need to know about exchange rates<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000000\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>The exchange rate reflects the value of one currency relative to another \u2014 for example, you might have heard in the news that 1 CAD equals 0.76 USD. This is the <strong>mid-market exchange rate<\/strong>, which is the rate banks use to trade currencies with each other. It\u2019s considered the fairest exchange rate, without any markups.<\/p><p><strong>But most money transfer providers don\u2019t offer you the mid-market rate.<\/strong> Instead, they add an exchange rate markup so that they buy foreign currency at a certain price, then sell it to you at a higher price. This is the primary way they make money.<\/p><p>So if 1 CAD = 0.76 USD is the mid-market rate, the transfer provider might give you an exchange rate of 1 CAD = 0.73 USD. That\u2019s 3 cents from every dollar you send that your bank or money transfer service will pocket.<\/p><p>And while a few cents might not sound like much, it can really add up. If you\u2019re sending CAD$20,000 to the USA, your recipient will get USD$14,600, which is USD$600 less than they would get if you could send your transfer at the mid-market rate.<\/p><\/div>\n  <\/div>\n<\/li><li class=\"luna-accordion\" data-accordion=\"accordion\">\n  <div class=\"luna-accordion__summary\">\n    <h4 class=\"luna-accordion__heading\">\n      <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"accordion0000000001\" data-toggle=\"collapse\" data-target=\"#accordion0000000001\">\n        <span class=\"luna-accordion__title\">What you need to know about transfer fees<\/span>\n        <svg class=\"luna-icon\" aria-hidden=\"true\">\n          <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n          <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n        <\/svg>\n      <\/button>\n    <\/h4>\n  <\/div>\n  <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"accordion0000000001\" data-accordion=\"details\">\n    <div class=\"accordionContent\"><p>Transfer fees can range from a few dollars to up to $80 or more, with some providers taking even more by charging a percentage fee instead of a flat fee.<\/p><p>Depending on the provider, your transaction fee could be:<\/p><ul><li><strong>A flat fee<\/strong> that stays the same regardless of how much you send.<\/li><li><strong>A tiered-fee structure<\/strong> in which the flat fee varies depending on how much you are sending (e.g. $5 for sending up to $500, $10 for sending between $500 and $1,000, etc.).<\/li><li><strong>A percentage fee<\/strong> in which you\u2019re charged a percentage of the transfer amount.<\/li><li><strong>$0<\/strong> for transfers above a certain amount<\/li><\/ul><p>Note that other fees that could apply. For example, a money transfer service could charge your recipient a fee to cash a bank cheque or pick up cash in person instead of by direct deposit.<\/p><p>However, some companies don\u2019t charge any transfer fees, but will instead rely on their exchange rate markup to make a profit.<\/p><\/div>\n  <\/div>\n<\/li><\/ul><h3>Find the best way to transfer money internationally<\/h3><ul><li><strong><a href=\"#wise\">Wise<\/a>:<\/strong> For the best exchange rates and transparent fees<\/li><li><strong><a href=\"#remitbee\">RemitBee<\/a>:<\/strong> For quick, low-cost money transfers<\/li><li><strong><a href=\"#remitly\">Remitly<\/a>:<\/strong> For fast transfers via an easy-to-use app<\/li><li><strong><a href=\"#africhange\">Africhange<\/a>:<\/strong> For fast transfers to select African countries or the US<\/li><li><strong><a href=\"#instarem\">Instarem<\/a>:<\/strong> For competitive exchange rates and fees<\/li><li><strong><a href=\"#ofx\">OFX<\/a>:<\/strong> For low-cost business transfers<\/li><li><strong><a href=\"#moneygram\">MoneyGram<\/a>: <\/strong>For instant money transfers<\/li><li><strong><a href=\"#worldremit\">WorldRemit<\/a>:<\/strong> For fast, easy and cheap transfers<\/li><li><strong><a href=\"#xe\">Xe<\/a>:<\/strong> For cheap money transfers and optional currency hedging strategies<\/li><\/ul><hr><h4 id=\"wise\">Wise<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021587\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg\" alt=\"Wise homepage banner\" width=\"1792\" height=\"551\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WiseBanner_Supplied_1792x551.jpg?fit=5376 5376w\" sizes=\"(max-width: 5376px) 100vw, 5376px\" loading=\"lazy\"><\/p><p>Wise is one of the cheapest ways to send money internationally because, unlike most transfer providers, it offers the mid-market exchange rate when you send funds overseas, which is considered the fairest exchange rate, without any markups. Founded in the UK in 2011, Wise is one of the most popular money transfer companies in the world. It\u2019s also registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) and is licensed and regulated in more than 15 countries around the world.<\/p><div class=\"box has-shadow\"><h5>Wise is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You want to get the real exchange rate<\/li><li>You want transparent fees<\/li><li>You want to send less than $10,000 for personal purposes<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/wise-money-transfers-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2214677%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%2264be5c5b-da28-460f-9aa0-ca51052cbe18%22%2C%22product_name%22%3A%22Wise%2B%2528TransferWise%2529%22%2C%22provider_id%22%3A%22c1c0da2a-40fe-4f5d-be8b-7fe6cf6fd34e%22%2C%22provider_name%22%3A%22Wise%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> There\u2019s no exchange rate markup, but the transfer fee you pay varies depending on the transaction amount, the currency you\u2019re sending money to, and how you pay for your transfer. For example, if you send $1,000 to the UK and pay via e-Transfer, you\u2019ll be charged $8.03 in fees.<\/li><li><strong>Pay by:<\/strong> Credit card, Debit card, Bank transfer, Interac e-Transfer, Online bill payment, Direct debit (EFT)<\/li><li><strong>Receiving options:<\/strong> Bank account, Alipay (China only)<\/li><li><strong>Customer service:<\/strong> Phone, Live chat, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> $1,500,000<\/li><li><strong>Number of currencies: <\/strong><\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Offers the mid-market exchange rate<\/li><li>Easy to use<\/li><li>Supports large transfer amounts and multiple payment options<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>You can only send money to bank accounts<\/li><li>Transfer fees apply<\/li><li>You can\u2019t pay for your transfer with Apple Pay or Google Pay<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/wise\" style=\"text-decoration:underline; font-size:0.9em;\">Wise (TransferWise) review<\/a>\n<\/div>\n<\/article><h4 id=\"remitbee\">RemitBee<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1027768\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg\" alt=\"RemitBee homepage banner\" width=\"900\" height=\"328\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/11\/RemitBeeBanner_Supplied_900x328.jpg?fit=2700 2700w\" sizes=\"(max-width: 2700px) 100vw, 2700px\" loading=\"lazy\"><\/p><p>RemitBee is a cross-border money transfer and currency exchange platform for personal and business users. It was launched in 2015 by Canadian immigrants with the goal to offer all Canadian immigrants a low-cost way to move money internationally. It is FINTRAC-regulated with a head office in Mississauga, Ontario.<\/p><div class=\"box has-shadow\"><h5>RemitBee is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You want low-cost money transfers<\/li><li>You want a money-back guarantee<\/li><li>You want to send personal or business transfers, large or small<\/li><\/ul><p style=\"text-align: center;\"><\/p><\/div><ul><li><strong>How much it costs:<\/strong> The cost varies depending on the transaction amount, the currency you\u2019re sending money to, and how you pay for your transfer. Fees start at $0.<\/li><li><strong>Pay by:<\/strong> Debit card, bank transfer, Interac e-Transfer, online bill payment, direct debit (EFT), Interac Online<\/li><li><strong>Receiving options:<\/strong> Cash pickup, bank account, mobile wallet, e-wallet, Mobile Top-up (phone plans)<\/li><li><strong>Customer service: <\/strong>Phone, live chat, email<\/li><li><strong>Maximum transfer amounts:<\/strong> $200,000<\/li><li><strong>Number of currencies: <\/strong>51<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Low-cost money transfers<\/li><li>Transfers in 1-3 business days (sometimes within minutes)<\/li><li>Money-back guarantee<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>No hedging options<\/li><li>Can\u2019t pay by credit card<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/remitbee\" style=\"text-decoration:underline; font-size:0.9em;\">RemitBee review<\/a>\n<\/div>\n<\/article><h4 id=\"remitly\">Remitly<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021584\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg\" alt=\"Remitly homepage banner\" width=\"1219\" height=\"501\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/RemitlyBanner_Supplied_1219x501.jpg?fit=3657 3657w\" sizes=\"(max-width: 3657px) 100vw, 3657px\" loading=\"lazy\"><\/p><p>Remitly offers international transfers to over 170 countries around the world. It lets you send money to a bank account, mobile wallet or for cash pickup, depending on where your recipient is based, and Remitly will refund your fees if your transfer isn\u2019t delivered on time. This provider has been in business since 2011, is listed on the Nasdaq stock exchange and has a highly rated app.<\/p><div class=\"box has-shadow\"><h5>Remitly is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You need to send a small transfer amount<\/li><li>You need to send a fast transfer<\/li><li>If you want the option of a cash pickup transfer<\/li><li>You want to send less than $10,000 for personal purposes<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/remitly-money-transfers-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2215536%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%227acee723-e431-4a24-aad5-60c9213888fe%22%2C%22product_name%22%3A%22Remitly%22%2C%22provider_id%22%3A%2206799ec5-e00d-40e2-b292-86059a555b42%22%2C%22provider_name%22%3A%22Remitly%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> An exchange rate markup and transfer fee apply. The markup varies depending on the currency you\u2019re sending to, and the transfer fee generally ranges from $1.99 to $7.99 if you\u2019re sending less than $1,000.<\/li><li><strong>Pay by:<\/strong> Credit card, Debit card, Bank transfer<\/li><li><strong>Receiving options:<\/strong> Cash pickup location, Bank account, Mobile wallet, Home delivery<\/li><li><strong>Customer service: <\/strong>Phone, Live chat<\/li><li><strong>Maximum transfer amounts:<\/strong> $999<\/li><li><strong>Number of currencies:<\/strong> <\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>4.8+ app rating with over 10 million downloads<\/li><li>Send money to over 170 countries<\/li><li>Express transfers available if you want your recipient to get money within minutes<\/li><li>Wide range of delivery options<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Not suitable for larger transfers<\/li><li>No advanced transfer tools to help you save money<\/li><li>Exchange rate margins can vary widely from country to country<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/remitly-money-transfers\" style=\"text-decoration:underline; font-size:0.9em;\">Remitly review<\/a>\n<\/div>\n<\/article><h4 id=\"africhange\">Africhange<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021578\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg\" alt=\"Africhange homepage banner\" width=\"1020\" height=\"338\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/AfrichangeBanner_supplied_1020x338.jpg?fit=3060 3060w\" sizes=\"(max-width: 3060px) 100vw, 3060px\" loading=\"lazy\"><\/p><p>Africhange is a money transfer company that specializes in moving money to and from Africa and North America. Founded in 2020, it uses blockchain technology to facilitate fast, fee-free transfers. It\u2019s based in Edmonton, is registered with FINTRAC, and accepts payment via e-Transfer.<\/p><div class=\"box has-shadow\"><h5>Africhange is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You need to send money to selected African countries or the US<\/li><li>You want your recipient to get the money within 30 minutes<\/li><li>You want to send less than $10,000 for personal purposes<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/africhange-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2221314%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%22aa8b9cfa-1d1c-430f-8520-b40094c48bb3%22%2C%22product_name%22%3A%22Africhange%22%2C%22provider_id%22%3A%22ea3936a0-c130-4546-9f80-ce482d82836f%22%2C%22provider_name%22%3A%22Africhange%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> There\u2019s no transfer fee but an exchange rate markup applies. The size of the markup varies depending on the currency you are sending to.<\/li><li><strong>Pay by:<\/strong> Bank transfer<br><\/li><li><strong>Receiving options:<\/strong> Bank account<br><\/li><li><strong>Customer service:<\/strong> Phone, Live chat, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> $9,500<\/li><li><strong>Number of currencies:<\/strong> 7<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>No transfer fees<\/li><li>Fast transfers<\/li><li>Competitive exchange rates<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Only supports transfers to a handful of countries<\/li><li>Maximum transfer limit of $2,999 per transaction<\/li><li>Limited payment and receiving options<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/africhange-money-transfers\" style=\"text-decoration:underline; font-size:0.9em;\">Africhange review<\/a>\n<\/div>\n<\/article><h4 id=\"instarem\">Instarem<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021580\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg\" alt=\"Instarem homepage banner\" width=\"1043\" height=\"346\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/InstaremBanner_Supplied_1043x346.jpg?fit=3129 3129w\" sizes=\"(max-width: 3129px) 100vw, 3129px\" loading=\"lazy\"><\/p><p>Instarem has been in the money transfer business since 2014, and it lets you send money to more than 60 countries around the world. It\u2019s also licensed and regulated in 11 countries, is transparent about its fees and exchange rates, and offers same-day transfers.<\/p><div class=\"box has-shadow\"><h5>Instarem is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You\u2019re looking for competitive exchange rates and fees.<\/li><li>If you need to send a fast transfer (but not an instant cash transfer).<\/li><li>You want to send less than $10,000 for personal purposes<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/instarem-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2214520%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%22810e4815-db5f-4218-9833-9fd2e03b71a3%22%2C%22product_name%22%3A%22Instarem%22%2C%22provider_id%22%3A%2221f0e18e-824b-4d8f-98e7-bda8ef7c5fe2%22%2C%22provider_name%22%3A%22InstaReM%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> You can send money to many (but not all) destinations without incurring any transfer fees. An exchange rate markup also applies, but this varies based on where you are sending money. For example, when we tried to send $1,000 to the UK, we were quoted a $0 transfer fee and an exchange rate markup of approximately 1.7%.<\/li><li><strong>Pay by:<\/strong> Bank transfer<br><\/li><li><strong>Receiving options:<\/strong> Bank account<br><\/li><li><strong>Customer service:<\/strong> Phone, Live chat, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> $3,000<\/li><li><strong>Number of currencies: <\/strong>30<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Fast transfers<\/li><li>Zero fees to many popular destinations<\/li><li>You can earn reward points<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Can\u2019t pay with debit or credit card<\/li><li>Maximum daily transfer limit of $3,000<\/li><li>No cash pickup option<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/instarem-money-transfer\" style=\"text-decoration:underline; font-size:0.9em;\">Instarem review<\/a>\n<\/div>\n<\/article><h4 id=\"ofx\">OFX<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021582\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg\" alt=\"OFX homepage banner\" width=\"995\" height=\"308\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/OFXBanner_Supplied_995x308.jpg?fit=2985 2985w\" sizes=\"(max-width: 2985px) 100vw, 2985px\" loading=\"lazy\"><\/p><p>OFX has been in the money transfer business for over 20 years. Founded in Australia, it also has offices in Canada, the US, and five other countries around the world. You can use OFX to send funds to more than 170 countries, and this provider offers a host of advanced currency tools to help you get the best exchange rate for your transfer.<\/p><div class=\"box has-shadow\"><h5>OFX is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You want competitive exchange rates and fees<\/li><li>You want to take advantage of features like forward contracts and limit orders to get a better exchange rate<\/li><li>You need to send over $10,000 for personal or business purposes<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/ofx-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2225158%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%224d71478f-e982-4293-8882-cbe1e857be32%22%2C%22product_name%22%3A%22OFX%22%2C%22provider_id%22%3A%22c8ec83ec-b40a-4780-a58d-83b0507842ea%22%2C%22provider_name%22%3A%22OFX%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> There are no fees when you send over $10,000, but there\u2019s a flat fee of $15 on transfers below this threshold. There\u2019s also an exchange rate markup on top of the mid-market rate, but this is usually 1.5% or less.<\/li><li><strong>Pay by:<\/strong> Debit card, Bank transfer, Money order, Direct transaction (EFT)<\/li><li><strong>Receiving options:<\/strong> Bank account<\/li><li><strong>Customer service:<\/strong> Phone, Email, In person<\/li><li><strong>Maximum transfer amounts:<\/strong> Unlimited<\/li><li><strong>Number of currencies:<\/strong> <\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Supports over 50 currencies<\/li><li>Advanced transfer tools to help you lock in a better exchange rate<\/li><li>No fees on large transfers<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>High minimum transfer limit of $200<\/li><li>You can only send to your recipient\u2019s bank account<\/li><li>No cash transfers available<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/ofx\" style=\"text-decoration:underline; font-size:0.9em;\">OFX review<\/a>\n<\/div>\n<\/article><h4 id=\"moneygram\">MoneyGram<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021581\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg\" alt=\"MoneyGram homepage banner\" width=\"1330\" height=\"547\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/MoneyGramBanner_Supplied_1330x547.jpg?fit=3990 3990w\" sizes=\"(max-width: 3990px) 100vw, 3990px\" loading=\"lazy\"><\/p><p>MoneyGram has been offering international money transfers for over 80 years. It allows you to send money just about anywhere around the world, with online, mobile app and in-person transfers available. MoneyGram also supports cash pickup transfers, bank account transfers, mobile wallet deposits and home delivery, and because it has over 430,000 locations worldwide, it\u2019s easy to find somewhere to send or collect money.<\/p><div class=\"box has-shadow\"><h5>MoneyGram is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You want to send a fast cash pickup transfer.<\/li><li>You want access to a wide range of sending and receiving options.<\/li><li>You want access to a large global transfer network.<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/moneygram-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2223478%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%227c013ffe-c01a-4dbd-b751-1bcb943869e9%22%2C%22product_name%22%3A%22MoneyGram%22%2C%22provider_id%22%3A%22fa34ddc4-d801-4aef-b80b-183a4a0030fd%22%2C%22provider_name%22%3A%22MoneyGram%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> You\u2019ll need to pay a transfer fee to send money internationally, and this is typically higher if you pay with a debit or credit card. Be aware that an exchange rate markup will also apply, and the size of the markup may vary depending on how you pay for your transfer.<\/li><li><strong>Pay by:<\/strong> Cash, Debit card, Bank transfer<\/li><li><strong>Receiving options:<\/strong> Cash pickup location, Bank account, Mobile wallet, Home delivery<\/li><li><strong>Customer service:<\/strong> Phone, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> Not specified<\/li><li><strong>Number of currencies:<\/strong> 136<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Send money to over 200 countries<\/li><li>Send money instantly<\/li><li>Wide range of payment options and transfer methods supported<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Low maximum transfer limits<\/li><li>High fees<\/li><li>No currency exchange hedging options<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/moneygram-money-transfers\" style=\"text-decoration:underline; font-size:0.9em;\">MoneyGram review<\/a>\n<\/div>\n<\/article><h4 id=\"worldremit\">WorldRemit<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021588\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg\" alt=\"WorldRemit homepage banner\" width=\"925\" height=\"345\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WorldRemitBanner_Supplied_925x345.jpg?fit=2775 2775w\" sizes=\"(max-width: 2775px) 100vw, 2775px\" loading=\"lazy\"><\/p><p>Founded in 2010, WorldRemit has helped more than 5.5 million customers around the world send money internationally to friends and family. It supports 70 currencies and offers multiple receiving options to suit your needs. And if you ever have a problem with a transfer, 24\/7 customer support is available in 6 different languages.<\/p><div class=\"box has-shadow\"><h5>WorldRemit is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You need to send smaller transfers<\/li><li>You need access to a wide range of destinations and transfer methods<\/li><li>You want to send under $10,000 for personal purposes<\/li><\/ul><p style=\"text-align: center;\"><\/p><\/div><ul><li><strong>How much it costs:<\/strong> A base fee of $2.99-$4.99 applies to most transfers, but the total fee amount you pay varies depending on where you send money, the payment method and the type of transfer you send. There\u2019s also an exchange rate markup which varies depending on the currency, and we found it ranged from 0% to 2.9% across a range of currencies.<\/li><li><strong>Pay by:<\/strong> Credit card, Debit card, Bank transfer, Apple Pay<\/li><li><strong>Receiving options:<\/strong> Cash pickup location, Bank account, Mobile wallet, Home delivery, Prepaid phone credit<\/li><li><strong>Customer service:<\/strong> Phone, Live chat<\/li><li><strong>Maximum transfer amounts:<\/strong> $40,000<\/li><li><strong>Number of currencies:<\/strong> 70<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Send money to over 130 countries<\/li><li>Very easy to use<\/li><li>Wide range of transfer methods supported<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>You can\u2019t send more than $4,000 in a single transaction<\/li><li>Fees vary based on destination, payment method and type of transfer<\/li><li>No tools like stop-loss orders or forward contracts<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/worldremit\" style=\"text-decoration:underline; font-size:0.9em;\">WorldRemit review<\/a>\n<\/div>\n<\/article><h4 id=\"xe\">XE<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021589\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg\" alt=\"Xe homepage banner\" width=\"940\" height=\"356\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/XEBanner_Supplied_940x356.jpg?fit=2820 2820w\" sizes=\"(max-width: 2820px) 100vw, 2820px\" loading=\"lazy\"><\/p><p>XE is another well-known name in the currency exchange business. Founded in 1993 and headquartered in Ontario, XE offers global money transfers to an extensive list of global destinations. Multiple payment methods are supported, and XE also has an average rating of 4.3\/5 from over 60,000 reviews on Trustpilot.<\/p><div class=\"box has-shadow\"><h5>XE is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You\u2019re looking for competitive exchange rates<\/li><li>You want access to currency hedging options<\/li><li>You want to send under $10,000 for personal purposes<\/li><\/ul><p style=\"text-align: center;\"><a target=\"_blank\" rel=\"sponsored\" href=\"https:\/\/www.finder.com\/redirect\/ca\/money-transfer\/xe-small-transfer-ca-secure.html?nb=1&amp;src_country=ca&amp;redirect_tracking_params=%7B%22placement_type%22%3A%22product_link%22%2C%22title%22%3A%22Go%2Bto%2Bsite%22%2C%22site%22%3A%22CAFMT%22%2C%22class%22%3A%22luna-button%2Bluna-button--large%2Bluna-button--success%2Bhas-margin-top-small%22%2C%22offer_id%22%3A%2219045%22%2C%22niche_code%22%3A%22CAFMT%22%2C%22product_id%22%3A%22e814a913-a863-4513-98e7-e7daa6bf953d%22%2C%22product_name%22%3A%22Xe%2BMoney%2BTransfers%22%2C%22provider_id%22%3A%22ad694ba2-8c5e-4e8b-87b3-b66de7580c8d%22%2C%22provider_name%22%3A%22Xe%22%2C%22post_id%22%3A%2227458%22%2C%22post_path%22%3A%22international-money-transfers%252Fsend-money-internationally%22%2C%22post_country%22%3A%22ca%22%7D\" class=\"luna-button luna-button--large luna-button--success has-margin-top-small\">Go to site<\/a><\/p><\/div><ul><li><strong>How much it costs:<\/strong> The transfer fee you\u2019ll pay varies depending on how you pay for your transfer, the currency you send and the destination country. However, fee-free transfers are often available. You\u2019ll also need to take into account the exchange rate markup \u2014 this varies depending on the currency pair, but we found it to commonly be at or under 1% for popular transfer destinations.<\/li><li><strong>Pay by:<\/strong> Credit card, Debit card, Bank transfer, Interac, Google Pay, EFT direct debit<\/li><li><strong>Receiving options: <\/strong>Bank account<\/li><li><strong>Customer service:<\/strong> Phone, Live chat, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> $600,000<\/li><li><strong>Number of currencies:<\/strong> 130<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Send money to 200 countries<\/li><li>Competitive exchange rates<\/li><li>Easy-to-use mobile app<\/li><li>Currency hedging options<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Fees may apply<\/li><li>Cash pickup transfers not available<\/li><li>You can only send funds to your recipient\u2019s bank account<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/xe\" style=\"text-decoration:underline; font-size:0.9em;\">XE review<\/a>\n<\/div>\n<\/article><h3>Other ways to send money internationally<\/h3><h4 id=\"currencytransfer\">CurrencyTransfer<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021579\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg\" alt=\"CurrencyTransfer homepage banner\" width=\"1220\" height=\"464\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/CurrencyTransferBanner_Supplied_1220x464.jpg?fit=3660 3660w\" sizes=\"(max-width: 3660px) 100vw, 3660px\" loading=\"lazy\"><\/p><p>Founded in 2010, CurrencyTransfer is a British company that offers international money transfers online to over 25 currencies. It has offices in London and Tel Aviv, and lets you compare exchange rates from a panel of currency brokers. You also get a dedicated relationship manager to help you get the best value for each transfer.<\/p><div class=\"box has-shadow\"><h5>CurrencyTransfer is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You need to send a transfer over $10,000 for personal purposes<\/li><li>You want to compare exchange rates from a range of providers<\/li><\/ul><p style=\"text-align: center;\"><\/p><\/div><ul><li><strong>How much it costs:<\/strong> There are no transfer fees to worry about, but the exchange rate markup that applies varies depending on the currency you send. You\u2019ll get to see the mid-market rate alongside the exchange rates you\u2019re quoted so you can easily work out the true cost of your transfer.<\/li><li><strong>Pay by:<\/strong> Bank transfer<br><\/li><li><strong>Receiving options:<\/strong> Bank account<br><\/li><li><strong>Customer service:<\/strong> Phone, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> N\/A<\/li><li><strong>Number of currencies:<\/strong> 28<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Competitive exchange rates<\/li><li>No transfer fees<\/li><li>No maximum transfer limit<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Doesn\u2019t support transfers under \u00a35,000 GBP (approx. $8,000)<\/li><li>No mobile app<\/li><li>Bank account transfers only<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/currencytransfer\" style=\"text-decoration:underline; font-size:0.9em;\">CurrencyTransfer review<\/a>\n<\/div>\n<\/article><h4>Western Union<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021586\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg\" alt=\"Western Union homepage banner\" width=\"940\" height=\"437\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/WesternUnionBanner_Supplied_940x437.jpg?fit=2820 2820w\" sizes=\"(max-width: 2820px) 100vw, 2820px\" loading=\"lazy\"><\/p><p><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/western-union-international-money-transfer\">Western Union<\/a> is one of the biggest names in the world of money transfers. This American company was founded all the way back in 1851, and today it lets you send money internationally to more than 200 countries and territories around the world. You can send to a bank account or complete a cash pickup transfer, and Western Union has 2,500 agent locations across Canada as well as over 500,000 locations globally.<\/p><div class=\"box has-shadow\"><h5>Western Union is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You want to send a fast cash pickup transfer.<\/li><li>You want the ability to send money just about anywhere around the world.<\/li><\/ul><\/div><ul><li><strong>How much it costs:<\/strong> The exchange rate markup varies depending on where you are sending money. There often won\u2019t be any transfer fee when you send an online transfer to an international bank account, but cash pickup transfers are more likely to incur a fee.<\/li><li><strong>Pay by:<\/strong> credit card, debit card, bank transfer and cash (for in-store transfers)<\/li><li><strong>Receiving options:<\/strong> cash pickup, bank account and mobile wallet<\/li><li><strong>Customer service:<\/strong> phone, live chat, email and in person<\/li><li><strong>Maximum transfer amounts:<\/strong> $7,500<\/li><li><strong>Number of currencies:<\/strong> 128<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>User-friendly app<\/li><li>Wide range of transfer methods<\/li><li>Huge global network for cash pickup transfers<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>High fees on cash pickup transfers<\/li><li>$7,500 limit for online transfers<\/li><li>You may be able to find better exchange rates elsewhere<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/western-union-international-money-transfer\" style=\"text-decoration:underline; font-size:0.9em;\">Western Union review<\/a>\n<\/div>\n<\/article><h4>Simplii<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021585\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg\" alt=\"Simplii Global Transfers homepage banner\" width=\"1496\" height=\"450\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/SimpliiMoneyTransferBanner_Supplied_1496x450.jpg?fit=4488 4488w\" sizes=\"(max-width: 4488px) 100vw, 4488px\" loading=\"lazy\"><\/p><p>Simplii Financial is CIBC\u2019s online-only bank that was launched in 2017, and it\u2019s best known for its chequing accounts, savings accounts, credit cards and loan products. But Simplii also launched its Global Money Transfer program in 2019, offering the ability to send money internationally to more than 130 countries. Cash pickup, bank account and home delivery transfers are available, and you can even earn 0.5% cash back on your transfer if you pay with a Simplii Cash Back Visa Card.<\/p><div class=\"box has-shadow\"><h5>Simplii Financial Global Money Transfer is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You have a Simplii Financial account or card<\/li><li>You like the flexibility of multiple transfer options<\/li><li>You want to send less than $10,000 for personal purposes<\/li><\/ul><\/div><ul><li><strong>How much it costs:<\/strong> There are no transfer fees to worry about, but there is an exchange rate markup that varies depending on where you\u2019re sending money.<\/li><li><strong>Pay by:<\/strong> Credit card, Debit card, Bank transfer, Digital wallets<\/li><li><strong>Receiving options:<\/strong> Cash pickup location, Bank account, Home delivery<\/li><li><strong>Customer service:<\/strong> Phone, Live chat, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> $75,000<\/li><li><strong>Number of currencies:<\/strong> 99<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>No transfer fees<\/li><li>Multiple payment and receiving options<\/li><li>Most transfers are completed by the next business day<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>Daily transfer limit of $75,000<\/li><li>You need a Simplii account or card to pay for your transfer<\/li><li>No advanced transfer tools like forward contracts<\/li><\/ul><\/div><\/div><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Dive deeper: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/simplii-financial-global-money-transfer\" style=\"text-decoration:underline; font-size:0.9em;\">Simplii Financial Global Money Transfer review<\/a>\n<\/div>\n<\/article><h4>PayPal<\/h4><p><img decoding=\"async\" class=\"alignnone size-full wp-image-1021583\" title=\"Image: Supplied\" src=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg\" alt=\"PayPal homepage banner\" width=\"1214\" height=\"415\" srcset=\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg?fit=180 180w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg?fit=360 360w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg?fit=600 600w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg?fit=900 900w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg?fit=1200 1200w, https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2023\/08\/PayPalBanner_Supplied_1214x415.jpg?fit=3642 3642w\" sizes=\"(max-width: 3642px) 100vw, 3642px\" loading=\"lazy\"><\/p><p>Digital payment provider PayPal needs no introduction. Founded in 1998 and perhaps best known as a payment method on eBay, PayPal also makes it easy to send fast international money transfers. And with the payment platform available in 200 countries around the world, it\u2019s a convenient transfer option.<\/p><div class=\"box has-shadow\"><h5>PayPal is one of the best ways to send money internationally if:<\/h5><ul class=\"list-1\"><li>You\u2019re searching for an easy and convenient way to send money internationally.<\/li><\/ul><\/div><ul><li><strong>How much it costs:<\/strong> Many international transfers from Canada attract a flat fee of $2.99 - $4.99, and if you pay with a card you\u2019ll also be charged an additional fee calculated as a percentage of your transfer amount. There\u2019s also a high exchange rate markup of 4% to consider.<\/li><li><strong>Pay by:<\/strong> Credit card, Debit card, Bank transfer<\/li><li><strong>Receiving options:<\/strong> Cash pickup location, Bank account, Mobile wallet<\/li><li><strong>Customer service: <\/strong>Phone, Email<\/li><li><strong>Maximum transfer amounts:<\/strong> $10,000<\/li><li><strong>Number of currencies:<\/strong> 25<\/li><\/ul><div class=\"u-grid\"><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Pros:<\/strong><\/h5><ul class=\"list-1\"><li>Fast transfers<\/li><li>PayPal security features add peace of mind<\/li><li>Supports 20+ currencies<\/li><\/ul><\/div><div class=\"u-grid__col u-1\/2@s\"><h5><strong>Cons:<\/strong><\/h5><ul class=\"list-12\"><li>You\u2019ll find better exchange rates elsewhere<\/li><li>Watch out for transfer fees<\/li><li>Fees also apply when you pay by credit or debit card<\/li><\/ul><\/div><\/div><h3>What is the cheapest way to send money abroad?<\/h3><p>The cheapest way to send money internationally is to use a specialist money transfer service. Unlike banks, which offer a wide range of financial products and services, these companies focus solely on international money transfers. And because they trade large volumes of currency, they can afford to offer better exchange rates and lower fees than banks.<\/p><p>In terms of saving money on your transfer, you\u2019ll need to consider the sending and receiving methods you choose:<\/p><ul><li><strong>Pay by bank transfer.<\/strong> Once you\u2019ve chosen an international money transfer company, it\u2019s usually best to pay for your transaction via bank transfer. These transfers often don\u2019t incur any fees, while paying via debit or credit card will sometimes result in extra charges. Unfortunately, paying by bank transfer means your international transfer will take a little longer to complete.<\/li><li><strong>Send to your recipient\u2019s bank account.<\/strong> It\u2019s usually cheapest to send the transfer to your recipient\u2019s international bank account. Cash pickup transfers often come with additional fees.<\/li><\/ul><h3>What\u2019s the best way to send money internationally?<\/h3><p>The best way to send money internationally varies depending on your needs. That\u2019s why you need to consider your main priority when sending money overseas, such as:<\/p><ul><li><strong>Fastest transfer.<\/strong> If you want to send an international transfer as quickly as possible, look for a company that offers cash pickup or mobile wallet transfers. These will typically ensure that your recipient gets the funds within minutes.<\/li><li><strong>Cheapest transfer.<\/strong> If you want to get the best value for your money, look for a specialist online money transfer company. Make sure you shop around for the best exchange rate and low or no fees, then pay via bank transfer and send to your recipient\u2019s bank account.<\/li><li><strong>Cash pickup\/receiving methods.<\/strong> If your recipient wants to collect the money you send as cash, the best way to send money internationally is to find a company with a large global network of pickup locations \u2014 including branches conveniently located close to your recipient.<\/li><li><strong>Available currencies.<\/strong> If you need to send transfers to a range of countries, search for a provider that supports all your desired currencies. While some providers only send transfers to a handful of countries, others support dozens and even hundreds of destinations.<\/li><li><strong>Large transfer.<\/strong> If you need to send a large amount of money internationally, for example to buy a property in another country. Look for an online money transfer company with:<ul><li>High maximum transfer limits<\/li><li>Fee-free transfers<\/li><li>Tools like forward contracts and limit orders to help you secure a better exchange rate<\/li><\/ul><\/li><\/ul><h3>Where to find international money transfer services<\/h3><p>There are four options to consider when you need to transfer money overseas.<\/p><h4>1. Money transfer specialists<\/h4><p>These companies specialize in sending money internationally and offer a safe and secure way to transfer funds overseas. Some operate online only and allow you to send money via their website or mobile app. Others, like Western Union and MoneyGram, operate store locations so you also have the option of sending and receiving cash.<\/p><p>Online transfers to your recipient\u2019s bank account will usually allow you to find the best exchange rate. If you send a cash pickup transfer, you can generally expect a lower rate and higher fees.<\/p><h4>2. Banks<\/h4><p>The second option is to send money internationally directly from your bank account. This includes major banks like TD, <a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/rbc-international-money-transfers\">RBC<\/a> and <a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/cibc-international-money-transfers\">CIBC<\/a> as well as digital banks like <a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/simplii-financial-global-money-transfer\">Simplii Financial<\/a> and EQ Bank.<\/p><p>The main advantage of this approach is its convenience \u2014 you don\u2019t need to sign up for any new accounts and you can simply send the transfer via online or mobile banking.<\/p><p>The downside is that banks have higher exchange rate markups and higher fees than specialist money transfer services, so your transaction will cost more.<\/p><h4>3. Credit unions<\/h4><p>You can also send money internationally from your credit union chequing account. Once again, this is an easy and convenient way to transfer money via online or mobile banking.<\/p><p>However, you typically won\u2019t get as good an exchange rate as you could get from a money transfer service, while fees will also be higher. You\u2019ll also need to check whether your credit union supports transfers to all the currencies you want to send.<\/p><h4>4. Other financial services companies<\/h4><p>There are a few other options when you need to transfer money from CAD to another currency. These include payment providers like PayPal, as well as currency exchanges and cheque cashing businesses.<\/p><p>Whichever option you choose, it\u2019s important to shop around to find the best exchange rate. You\u2019ll also need to check the fine print closely to make sure you\u2019re aware of any fees that apply.<\/p><h3>How to send money internationally with an online money transfer specialist<\/h3><p>Although the exact process may differ between companies, these are the steps you\u2019ll generally have to follow to send money internationally:<\/p><ol><li><strong>Get a quote.<\/strong> Enter key details such as how much you want to send, to which country and in what currency. You\u2019ll also need to specify how you will pay for the transaction and how your recipient will access the money. You\u2019ll then be shown a quote that shows the total cost of the transaction including the exchange rate, transfer fee, and how much your recipient will get. Be sure to double-check that the exchange rate quoted is the rate you will actually get for your transfer.<\/li><li><strong>Create an account.<\/strong> If you\u2019re happy with the quote, you\u2019ll need to sign up for an account, which is usually free. You\u2019ll need to provide details like your name, contact information, birth and Social Insurance Number (SIN). Some service providers may ask you to upload a scanned copy of ID (e.g. driver\u2019s licence or passport) to increase the sending limits on your account so you can send large transfers.<\/li><li><strong>Enter your recipient\u2019s info.<\/strong> Provide the name of the person receiving the transfer as it appears on his or her personal ID, as they may need to present ID to receive the funds. You\u2019ll also need their contact info. For deposits directly to a bank account, you\u2019ll need the name of your recipient\u2019s bank, the bank\u2019s SWIFT code and your recipient\u2019s account number.<\/li><li><strong>Review the details of your transfer.<\/strong> Double-check the details of your transfer, including the exchange rate, transfer fee and your recipient\u2019s information. If anything is incorrect, go back and make changes where necessary.<\/li><li><strong>Submit payment.<\/strong> Payment methods vary by company, and keep in mind that the method you choose could affect the exchange rate and transfer fee that apply.<\/li><li><strong>Track your transaction.<\/strong> After you\u2019ve paid, you should receive a confirmation number and\/or tracking number to monitor the progress of your transfer online or through an agent location. Your recipient may also need this number to receive funds.<\/li><\/ol><p>Once the transaction is complete, you may receive an email or text notification that the funds have been received. Details of the transaction may be saved to your account to make future transfers quicker and easier.<\/p><h3>How do I pay to send money overseas?<\/h3><p>Supported payment methods vary between transfer companies, so you\u2019ll need to do a little research when comparing providers. Some companies support bank transfers only, but others allow you to pay using a wide range of methods. Options include:<\/p><ul><li>Credit card<\/li><li>Debit card<\/li><li>Bank account<\/li><li>Cash (you\u2019ll need to visit a store location)<\/li><li>Mobile wallet transfer<\/li><\/ul><h3>Crunching the numbers: Sending $3,000 to the Philippines<\/h3><p>Let\u2019s say you need to send $3,000 to a family member in the Philippines. These are the fees and exchange rates you can expect as of July 2023:<\/p><table class=\"luna-table luna-table--responsiveList\"><thead class=\"luna-table__header\"><tr><th style=\"text-align: left; width: 25%;\" scope=\"col\"><\/th><th style=\"text-align: left; width: 25%;\" scope=\"col\">Online money transfer<\/th><th style=\"text-align: left; width: 25%;\" scope=\"col\">Cash transfer (in-person)<\/th><th style=\"text-align: left; width: 25%;\" scope=\"col\">Bank transfer<\/th><\/tr><\/thead><tbody class=\"luna-table__body\"><tr><td>Fee<\/td><td>$0<\/td><td>$5<\/td><td>$15<\/td><\/tr><tr><td>Exchange rate<\/td><td>1 CAD = 41.97 PHP<\/td><td>1 CAD = 40.46 PHP<\/td><td>1 CAD = 40.19 PHP<\/td><\/tr><tr><td>Transfer speed<\/td><td>1-2 days<\/td><td>Within minutes<\/td><td>1-5 days<\/td><\/tr><tr><td>Amount received<\/td><td>125,910 PHP<\/td><td>121,380 PHP<\/td><td>120,570 PHP<\/td><\/tr><tr><td>Verdict<\/td><td>Fast and cheapest<\/td><td>Fastest<\/td><td>Slowest and most expensive<\/td><\/tr><\/tbody><\/table><article class=\"luna-card luna-card--primary luna-card--border\">\n  <div class=\"luna-card__block\" style=\"padding:0.7em\">\n<span style=\"font-size:0.9em; font-weight: 800; font-style: italic; text-transform: uppercase;\">Related: <\/span><a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\/send-money-to-philippines\" style=\"text-decoration:underline; font-size:0.9em;\">Best ways to send money to the Philippines<\/a>\n<\/div>\n<\/article><h3>What other ways can I send money internationally?<\/h3><ul><li><strong>Cheques.<\/strong> You can take the old-fashioned approach of posting a cheque to your overseas recipient. The obvious drawback to this method is that it\u2019s a lot slower than sending an electronic transfer, but you\u2019ll also need to consider any fees for writing the cheque plus postage costs. Your recipient may also be charged a fee when they cash the cheque.<\/li><li><strong>Money orders.<\/strong> An <a href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/international-money-orders\">international money order<\/a> is considered to be a more secure way to send money internationally than a cheque. The funds for a money order are taken out of your bank account in advance, so unlike a cheque, a money order can\u2019t \u201cbounce\u201d. But there are typically fees for you and the recipient, it\u2019s a slow transfer method, and there\u2019s a maximum limit of $999.99 per money order.<\/li><\/ul><h3>Can I send money internationally for free?<\/h3><p>Well, sort of. While you may see companies claiming to offer \u201cfree\u201d or \u201cno-fee\u201d transfers, there\u2019s usually always some sort of cost involved.<\/p><p>For example, some providers don\u2019t charge any transaction fees on international transfers. Just be aware that this doesn\u2019t mean your transfer is free, as your bank or money transfer service will still add an exchange rate markup.<\/p><p>Some other specialist transfer services will waive their transfer fee on large transactions when you exceed a minimum threshold. But once again you\u2019ll still have to contend with the exchange rate markup, so the transfer isn\u2019t really free.<\/p><h3>Tools to save more on an international transfer<\/h3><p>While finding competitive fees and exchange rates can help keep your costs down, you may be able to save even more with the following tools.<\/p><ul><li><strong>Forward contracts.<\/strong> Forward contracts let you agree to convert funds in the future at a pre-specified exchange rate. This helps you avoid unfavourable fluctuations in currency values.<\/li><li><strong>Limit orders.<\/strong> A limit order allows you to convert your funds only if a specific exchange rate is reached.<\/li><li><strong>Stop-loss order.<\/strong> A stop-loss order prevents you from converting funds at unfavourable rates by automatically stopping transactions if the rate hits a specified low threshold.<\/li><li><strong>Recurring transfers.<\/strong> Some transfer services may offer savings if you set up a schedule of regular, pre-authorized payments.<\/li><li><strong>Same-currency transfers.<\/strong> It can sometimes be cheaper to send Canadian dollars to your recipient and let them convert the funds to their local currency. They may be offered a better exchange rate and lower fees than you can access.<\/li><\/ul><h3>Frequently asked questions<\/h3><ul class=\"luna-accordionGroup accordionGroup\">\n\t<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000000\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000000\">\n                <span class=\"luna-accordion__title\">What is the easiest way to send money internationally?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000000\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>The easiest way to send money internationally is to send a wire transfer from your bank account. You don't need to sign up for any new accounts, and you can submit your transfer via online or mobile banking. However, international bank transfers are also a slow and expensive way to send money internationally, and you'll get better exchange rates and lower fees from specialist money transfer companies.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000001\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000001\">\n                <span class=\"luna-accordion__title\">Does Interac work internationally?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000001\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Yes, it is possible to send money internationally with Interac. If your financial institution supports International Transfer by Mastercard and Interac, you can send money from your bank account to over 75 countries worldwide. You also have the option to send a cash pickup transfer with Western Union via Interac e-Transfer.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000002\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000002\">\n                <span class=\"luna-accordion__title\">How do I send money overseas from Canada?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000002\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>You have several options to send money overseas from Canada. The cheapest option is to use a specialist online money transfer company to send funds to your recipient's international bank account. The fastest option is to send a cash pickup transfer through a company like Western Union, MoneyGram or WorldRemit. The most convenient option is to send an international wire transfer from your bank, but you'll get poor exchange rates compared to specialist transfer services.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000003\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000003\">\n                <span class=\"luna-accordion__title\">How long do international money transfers usually take?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000003\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Transfer speeds vary depending on the provider, the destination country, your payment method and how your recipient is getting the funds. Transfers can take anywhere from minutes to several business days. Be sure to confirm the timing of your transfer before submitting your payment.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000004\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000004\">\n                <span class=\"luna-accordion__title\">What if I only want to transfer a small amount of money?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000004\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>Companies like PayPal and Wise can be useful for sending smaller amounts. Some transfer services have minimum transfer amounts. For bill splitting or sending money within Canada, you may want to use a Canadian money management app instead of a money transfer service.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n<li class=\"luna-accordion\" data-accordion=\"accordion\">\n    <div class=\"luna-accordion__summary\">\n        <h4 class=\"luna-accordion__heading\">\n            <button class=\"luna-accordion__action collapsed\" aria-expanded=\"false\" aria-controls=\"faq-builder-0000000005\" data-toggle=\"collapse\" data-target=\"#faq-builder-0000000005\">\n                <span class=\"luna-accordion__title\">What if I have a question or problem?<\/span>\n                <svg class=\"luna-icon\" aria-hidden=\"true\">\n                    <use xlink:href=\"#chevron-down\" data-accordion-icon=\"show\"><\/use>\n                    <use xlink:href=\"#chevron-up\" data-accordion-icon=\"hide\" class=\"is-hidden\"><\/use>\n                <\/svg>\n            <\/button>\n        <\/h4>\n    <\/div>\n    <div class=\"luna-accordion__details collapse\" aria-hidden=\"true\" id=\"faq-builder-0000000005\" data-accordion=\"details\">\n        <div class=\"accordionContent\">\n            <div>\n                <p>If you experience any problems with your overseas money transfer, contact your money transfer service provider. Typically, customer service is available by phone or email. Some providers offer a live chat option as well. You may also be able to find a solution to your problem by checking the company's online FAQ section or help centre.<\/p>\n            <\/div>\n        <\/div>\n    <\/div>\n<\/li>\n\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Find the best way to send money internationally.<\/p>\n","protected":false},"author":516,"featured_media":948866,"parent":3060,"menu_order":0,"comment_status":"open","ping_status":"open","template":"page-nb-table-with-filters.php","meta":{"nicheCode":"","productId":"","enableOptimizely":false,"_persistent_nav_menu_items":null,"blockTemplateId":"","_post_hreflang":"en","related_url":"\/send-money-internationally","workflow-intro":"","workflow-faq":"","workflow-conclusion":"","workflow-benefits":"","workflow-overview":"","workflow-test":"","footnotes":""},"tags":[106943,5773,5892],"class_list":["post-27458","page","type-page","status-publish","has-post-thumbnail","hentry","tag-fmt-feed-1","tag-international-money-transfers","tag-money-transfers"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.9 (Yoast SEO v24.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Best &amp; Cheapest Ways to Send Money Internationally | Finder Canada<\/title>\n<meta name=\"description\" content=\"Looking for the best and cheapest way to send money internationally? Compare popular money transfer services in this guide.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Find the best way to send money internationally\" \/>\n<meta property=\"og:description\" content=\"Looking for the best and cheapest way to send money internationally? Compare popular money transfer services in this guide.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\" \/>\n<meta property=\"og:site_name\" content=\"Finder Canada\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_450x250.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"450\" \/>\n\t<meta property=\"og:image:height\" content=\"250\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"29 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\",\"url\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\",\"name\":\"Best & Cheapest Ways to Send Money Internationally | Finder Canada\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg\",\"datePublished\":\"2019-05-30T16:00:23+00:00\",\"dateModified\":\"2023-11-13T11:52:49+00:00\",\"description\":\"Looking for the best and cheapest way to send money internationally? Compare popular money transfer services in this guide.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg\",\"width\":250,\"height\":250},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"CA\",\"item\":\"https:\/\/www.finder.com\/ca\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"International Money Transfers\",\"item\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Send money\",\"item\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\"},{\"@type\":\"ListItem\",\"position\":4,\"name\":\"Find the best way to send money internationally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.finder.com\/ca\/#website\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"name\":\"Finder Canada\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.finder.com\/ca\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\",\"url\":\"https:\/\/www.finder.com\/ca\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"contentUrl\":\"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png\",\"width\":1392,\"height\":1392,\"caption\":\"Finder\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/en.wikipedia.org\/wiki\/Finder_(website)\"],\"description\":\"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.\",\"email\":\"heythere@finder.com\",\"legalName\":\"Finder\",\"foundingDate\":\"2006-01-01\",\"numberOfEmployees\":{\"@type\":\"QuantitativeValue\",\"minValue\":\"51\",\"maxValue\":\"200\"}},{\"@type\":\"Comment\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-273\",\"author\":{\"@type\":\"Person\",\"name\":\"Annette\"},\"text\":\"I need to send US$1,162 and later two instalments of US$581each, at different times. The recipient prefers not to use electronic transfer. How do I avoid high fees on sending these instalments and the hidden costs at the other end that will affect the transferred amount, and the recipient won't receive the amount promised from me because of those hidden fees? Would you be able to help me please? Apparently my bank is not accepted in USA.\",\"datePublished\":\"2016-04-07 04:26:17\"},{\"@type\":\"Comment\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-261\",\"author\":{\"@type\":\"Person\",\"name\":\"Currency\"},\"text\":\"I understand that finder.com is a comparison site and assume that quoted conversions are based on actual customer prices. Is this correct as I have setup an account from the list and the quoted exchange does not reflect that on your site?\",\"datePublished\":\"2015-09-15 22:52:47\"},{\"@type\":\"Comment\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-253\",\"author\":{\"@type\":\"Person\",\"name\":\"Brendon\"},\"text\":\"Any idea how much most Canadian banks such as CIBC or Western union would charge if I were to go in and send all of my 44,000 Canadian dollars to a Chinese bank account? I read someone had to pay 174$ plus 27$ transfer fee to get 150$ to the US!!!\",\"datePublished\":\"2015-01-15 01:32:02\"},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\"},\"author\":{\"name\":\"Tim Falk\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464\"},\"headline\":\"Find the best way to send money internationally\",\"datePublished\":\"2019-05-30T16:00:23+00:00\",\"dateModified\":\"2023-11-13T11:52:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally\"},\"wordCount\":8126,\"commentCount\":3,\"publisher\":{\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg\",\"articleSection\":[\"Send money\"],\"inLanguage\":{\"@type\":\"Language\",\"name\":\"English\",\"alternateName\":\"en\"},\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#respond\"]}],\"comment\":[{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-273\"},{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-261\"},{\"@id\":\"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-253\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464\",\"name\":\"Tim Falk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png\",\"contentUrl\":\"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png\",\"caption\":\"Tim Falk\"},\"description\":\"Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he\u2019s not staring at his computer, you can usually find him exploring the great outdoors.\",\"url\":\"https:\/\/www.finder.com\/ca\/author\/timfalk\",\"jobTitle\":\"Writer\",\"knowsAbout\":[{\"@type\":\"Thing\",\"name\":\"Banking\"},{\"@type\":\"Thing\",\"name\":\"Personal Loans\"},{\"@type\":\"Thing\",\"name\":\"Car Loans\"},{\"@type\":\"Thing\",\"name\":\"Stock Trading\"},{\"@type\":\"Thing\",\"name\":\"Cryptocurrency\"}],\"sameAs\":[],\"worksFor\":{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.finder.com\/ca\/#organization\",\"name\":\"Finder\"}},{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"name\":\"Frequently Asked Questions\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the easiest way to send money internationally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rThe easiest way to send money internationally is to send a wire transfer from your bank account. You don't need to sign up for any new accounts, and you can submit your transfer via online or mobile banking. However, international bank transfers are also a slow and expensive way to send money internationally, and you'll get better exchange rates and lower fees from specialist money transfer companies.\\r\"}},{\"@type\":\"Question\",\"name\":\"Does Interac work internationally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYes, it is possible to send money internationally with Interac. If your financial institution supports International Transfer by Mastercard and Interac, you can send money from your bank account to over 75 countries worldwide. You also have the option to send a cash pickup transfer with Western Union via Interac e-Transfer.\\r\"}},{\"@type\":\"Question\",\"name\":\"How do I send money overseas from Canada?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rYou have several options to send money overseas from Canada. The cheapest option is to use a specialist online money transfer company to send funds to your recipient's international bank account. The fastest option is to send a cash pickup transfer through a company like Western Union, MoneyGram or WorldRemit. The most convenient option is to send an international wire transfer from your bank, but you'll get poor exchange rates compared to specialist transfer services.\\r\"}},{\"@type\":\"Question\",\"name\":\"How long do international money transfers usually take?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rTransfer speeds vary depending on the provider, the destination country, your payment method and how your recipient is getting the funds. Transfers can take anywhere from minutes to several business days. Be sure to confirm the timing of your transfer before submitting your payment.\\r\"}},{\"@type\":\"Question\",\"name\":\"What if I only want to transfer a small amount of money?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rCompanies like PayPal and Wise can be useful for sending smaller amounts. Some transfer services have minimum transfer amounts. For bill splitting or sending money within Canada, you may want to use a Canadian money management app instead of a money transfer service.\\r\"}},{\"@type\":\"Question\",\"name\":\"What if I have a question or problem?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"\\rIf you experience any problems with your overseas money transfer, contact your money transfer service provider. Typically, customer service is available by phone or email. Some providers offer a live chat option as well. You may also be able to find a solution to your problem by checking the company's online FAQ section or help centre.\\r\"}}]}]}<\/script>\n<meta property=\"article:modified_time\" content=\"2023-11-13T11:52:49+00:00\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Best & Cheapest Ways to Send Money Internationally | Finder Canada","description":"Looking for the best and cheapest way to send money internationally? Compare popular money transfer services in this guide.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally","og_locale":"en_US","og_type":"article","og_title":"Find the best way to send money internationally","og_description":"Looking for the best and cheapest way to send money internationally? Compare popular money transfer services in this guide.","og_url":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally","og_site_name":"Finder Canada","og_image":[{"width":450,"height":250,"url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_450x250.jpg","type":"image\/jpeg"}],"twitter_misc":{"Est. reading time":"29 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally","url":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally","name":"Best & Cheapest Ways to Send Money Internationally | Finder Canada","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage"},"image":{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg","datePublished":"2019-05-30T16:00:23+00:00","dateModified":"2023-11-13T11:52:49+00:00","description":"Looking for the best and cheapest way to send money internationally? Compare popular money transfer services in this guide.","breadcrumb":{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg","width":250,"height":250},{"@type":"BreadcrumbList","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"CA","item":"https:\/\/www.finder.com\/ca\/"},{"@type":"ListItem","position":2,"name":"International Money Transfers","item":"https:\/\/www.finder.com\/ca\/international-money-transfers"},{"@type":"ListItem","position":3,"name":"Send money","item":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally"},{"@type":"ListItem","position":4,"name":"Find the best way to send money internationally"}]},{"@type":"WebSite","@id":"https:\/\/www.finder.com\/ca\/#website","url":"https:\/\/www.finder.com\/ca\/","name":"Finder Canada","description":"","publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.finder.com\/ca\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder","url":"https:\/\/www.finder.com\/ca\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/","url":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","contentUrl":"https:\/\/www.finder.com\/finder-us\/wp-uploads\/sites\/5\/2025\/05\/Finder-Logo-696x696-1.png","width":1392,"height":1392,"caption":"Finder"},"image":{"@id":"https:\/\/www.finder.com\/ca\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/en.wikipedia.org\/wiki\/Finder_(website)"],"description":"Every month more than 2 million unique visitors turn to Finder to save money and time, and to make important life choices. We compare everything from bank accounts, personal loans, investing platforms and much more.","email":"heythere@finder.com","legalName":"Finder","foundingDate":"2006-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"51","maxValue":"200"}},{"@type":"Comment","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-273","author":{"@type":"Person","name":"Annette"},"text":"I need to send US$1,162 and later two instalments of US$581each, at different times. The recipient prefers not to use electronic transfer. How do I avoid high fees on sending these instalments and the hidden costs at the other end that will affect the transferred amount, and the recipient won't receive the amount promised from me because of those hidden fees? Would you be able to help me please? Apparently my bank is not accepted in USA.","datePublished":"2016-04-07 04:26:17"},{"@type":"Comment","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-261","author":{"@type":"Person","name":"Currency"},"text":"I understand that finder.com is a comparison site and assume that quoted conversions are based on actual customer prices. Is this correct as I have setup an account from the list and the quoted exchange does not reflect that on your site?","datePublished":"2015-09-15 22:52:47"},{"@type":"Comment","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-253","author":{"@type":"Person","name":"Brendon"},"text":"Any idea how much most Canadian banks such as CIBC or Western union would charge if I were to go in and send all of my 44,000 Canadian dollars to a Chinese bank account? I read someone had to pay 174$ plus 27$ transfer fee to get 150$ to the US!!!","datePublished":"2015-01-15 01:32:02"},{"@type":"Article","@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#article","isPartOf":{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally"},"author":{"name":"Tim Falk","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464"},"headline":"Find the best way to send money internationally","datePublished":"2019-05-30T16:00:23+00:00","dateModified":"2023-11-13T11:52:49+00:00","mainEntityOfPage":{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally"},"wordCount":8126,"commentCount":3,"publisher":{"@id":"https:\/\/www.finder.com\/ca\/#organization"},"image":{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#primaryimage"},"thumbnailUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/sites\/5\/2021\/10\/womanonsmartphoneonlinemoneytransfer_GettyImages_250x250.jpg","articleSection":["Send money"],"inLanguage":{"@type":"Language","name":"English","alternateName":"en"},"potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#respond"]}],"comment":[{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-273"},{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-261"},{"@id":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally#comment-253"}]},{"@type":"Person","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/e84372ad54f89a7447d88eab25817464","name":"Tim Falk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.finder.com\/ca\/#\/schema\/person\/image\/","url":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png","contentUrl":"https:\/\/cdn.finder.com.au\/finder-us\/wp-uploads\/2025\/11\/TimFalkF1_Finder_600x600.png","caption":"Tim Falk"},"description":"Tim Falk is a freelance writer for Finder. Over the course of his 20-year writing career, he has reported on a wide range of personal finance topics. Whether you're investing in stocks and ETFs, comparing savings accounts or choosing a credit card, Tim wants to make it easier for you to understand. When he\u2019s not staring at his computer, you can usually find him exploring the great outdoors.","url":"https:\/\/www.finder.com\/ca\/author\/timfalk","jobTitle":"Writer","knowsAbout":[{"@type":"Thing","name":"Banking"},{"@type":"Thing","name":"Personal Loans"},{"@type":"Thing","name":"Car Loans"},{"@type":"Thing","name":"Stock Trading"},{"@type":"Thing","name":"Cryptocurrency"}],"sameAs":[],"worksFor":{"@type":"Organization","@id":"https:\/\/www.finder.com\/ca\/#organization","name":"Finder"}},{"@context":"https:\/\/schema.org","@type":"FAQPage","name":"Frequently Asked Questions","mainEntity":[{"@type":"Question","name":"What is the easiest way to send money internationally?","acceptedAnswer":{"@type":"Answer","text":"\rThe easiest way to send money internationally is to send a wire transfer from your bank account. You don't need to sign up for any new accounts, and you can submit your transfer via online or mobile banking. However, international bank transfers are also a slow and expensive way to send money internationally, and you'll get better exchange rates and lower fees from specialist money transfer companies.\r"}},{"@type":"Question","name":"Does Interac work internationally?","acceptedAnswer":{"@type":"Answer","text":"\rYes, it is possible to send money internationally with Interac. If your financial institution supports International Transfer by Mastercard and Interac, you can send money from your bank account to over 75 countries worldwide. You also have the option to send a cash pickup transfer with Western Union via Interac e-Transfer.\r"}},{"@type":"Question","name":"How do I send money overseas from Canada?","acceptedAnswer":{"@type":"Answer","text":"\rYou have several options to send money overseas from Canada. The cheapest option is to use a specialist online money transfer company to send funds to your recipient's international bank account. The fastest option is to send a cash pickup transfer through a company like Western Union, MoneyGram or WorldRemit. The most convenient option is to send an international wire transfer from your bank, but you'll get poor exchange rates compared to specialist transfer services.\r"}},{"@type":"Question","name":"How long do international money transfers usually take?","acceptedAnswer":{"@type":"Answer","text":"\rTransfer speeds vary depending on the provider, the destination country, your payment method and how your recipient is getting the funds. Transfers can take anywhere from minutes to several business days. Be sure to confirm the timing of your transfer before submitting your payment.\r"}},{"@type":"Question","name":"What if I only want to transfer a small amount of money?","acceptedAnswer":{"@type":"Answer","text":"\rCompanies like PayPal and Wise can be useful for sending smaller amounts. Some transfer services have minimum transfer amounts. For bill splitting or sending money within Canada, you may want to use a Canadian money management app instead of a money transfer service.\r"}},{"@type":"Question","name":"What if I have a question or problem?","acceptedAnswer":{"@type":"Answer","text":"\rIf you experience any problems with your overseas money transfer, contact your money transfer service provider. Typically, customer service is available by phone or email. Some providers offer a live chat option as well. You may also be able to find a solution to your problem by checking the company's online FAQ section or help centre.\r"}}]}]},"article_modified_time":"2023-11-13T11:52:49+00:00"},"hrefLangLinks":[{"region":"USA","locale":"en-us","url":"https:\/\/www.finder.com\/international-money-transfers\/send-money-internationally","isCurrentSite":false},{"region":"Canada","locale":"en-ca","url":"https:\/\/www.finder.com\/ca\/international-money-transfers\/send-money-internationally","isCurrentSite":true},{"region":"Australia","locale":"en-au","url":"https:\/\/www.finder.com.au\/international-money-transfers\/send-money-internationally","isCurrentSite":false},{"region":"United Kingdom","locale":"en-gb","url":"https:\/\/www.finder.com\/uk\/international-money-transfers\/send-money-internationally","isCurrentSite":false}],"custom_fields":{"_wp_page_template":["page-nb-table-with-filters.php"],"_content_type":["niche-content\/comparison\/compare-guide"],"_masthead_variant":["{\"id\":\"standard-blue\",\"showFeaturedImage\":false,\"presetId\":\"\",\"shouldUsePrimaryCTAFieldName\":false,\"shouldUseSecondaryCTAFieldName\":false,\"primaryCTA\":null,\"secondaryCTA\":null,\"widgetShortcode\":\"\",\"widgetHeading\":\"\",\"widgetStats\":\"\",\"hasPrioritizedWidget\":false,\"hasMaximizedWidget\":false,\"shouldUseOverrideCTALabel\":false,\"overrideCTA\":null,\"cleanTopPicks\":\"\"}"],"_masthead_subheading":["{\"text\":\"Compare popular money transfer services to find the best and cheapest way to send money internationally.\"}"],"show_author_box":["yes"],"custom_post_template":["single-masthead-two-column.php"]},"_links":{"self":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/27458"}],"collection":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/users\/516"}],"replies":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/comments?post=27458"}],"version-history":[{"count":27,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/27458\/revisions"}],"predecessor-version":[{"id":1048116,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/27458\/revisions\/1048116"}],"up":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/pages\/3060"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media\/948866"}],"wp:attachment":[{"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/media?parent=27458"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.finder.com\/ca\/wp-json\/wp\/v2\/tags?post=27458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}