How to send money to Canada

Send money to Canada using an international money transfer service and you could beat the bank's rates.

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Canada and Hong Kong are two nations with a strong global relationship and a long history of international ties. We’re good friends and Canada is a favourite holiday destination and second home for many Hong Kongers.

Because of this, many people find themselves needing to send money from Hong Kong to Canada for one reason or another. It’s quite quick and easy to send money to Canada, but it is important that you shop around for the best and most affordable transfer method.

TransferWise International Money Transfers

Send money to Canada with TransferWise

When you need to send money, benefit from competitive mid-market exchange rates and straightforward fees with TransferWise.

  • Fair service fees and mid-market rates — a major market differentiator.
  • Fast transfers.
  • Trusted the world over, with five-star ratings on Trustpilot.

    Get more value for money by comparing options in the table below

    Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
    USD 5 1 - 2 days HKD 25.00 0.127 USD
    Get bank-beating exchange rates and fast transfer times on 15+ popular currencies. Go to site Show details
    SGD 1 1 day HKD 35.00 0.128 USD
    Transfer money to over 30 countries with nominal fees and the mid-market exchange rate. Go to site Show details
    USD 10 1 - 2 days HKD 140.00 0.128 USD
    Make online transfers with transparent exchange rates, low fees and low minimum amounts. Go to site Show details
    USD 50 1 day HKD 35.00 0.128 USD
    Quick and simple international money transfers with a flat 0.5% transfer fee for most transfers. Zero-margin rates on some currencies. Go to site Show details
    USD 1 1 day HKD 0.00 0.128 USD
    A higher exchange rate applies to non-finder customers.
    Send money in more than 130 currencies.
    Go to site Show details
    USD 1 Within an hour HKD 20.00 0.128 USD
    An online money transfer service with cash pickup, bank account to bank account and airtime transfers available. Go to site Show details
    USD 100 1 day HKD 15.00 0.128 USD
    A higher exchange rate applies to non-finder customers.
    Send money in 45 currencies.
    Go to site Show details
    USD 2,000 1 day HKD 0.00 0.128 USD
    Go to site Show details
    GBP 5,000 1 - 2 days HKD 0.00 0.127 USD
    Go to site Show details

    Compare up to 4 providers

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

    Pay lower fees and get a better rate with a dedicated transfer company

    Due to the strong ties between our two countries and because the Canadian Dollar is commonly traded on global markets, the vast majority of Hong Kong financial institutions will be able to take care of your international money transfer.

    However, banks regularly offer quite poor exchange rates and high fees on international money transfers, which can end up costing you quite a lot of money. In many cases you’ll be much better off if you utilise the services of a specialist online money transfer company. These providers are experts at transferring funds abroad and offer better exchange rates and lower fees than banks.

    For an idea of just how much you can save using a specialist provider, check out the case study below.

    Robyn Sends Money to Canada

    Robyn is living in Hong Kong on a working Visa and she wants to send $10,000 of the money she has earned back home to her parents in Canada. Always on the lookout for a bargain, Robyn is concerned that her bank doesn’t offer a great deal on international money transfers and decides to compare the features of a dedicated money transfer company.

    BankMoney Transfer Company
    Exchange rate1 CAD = 6.0403HKD1 CAD = 6.0045 HKD
    Transfer feeHKD$65 per transferHKD$0
    Transfer time2-5 days1-2 days
    Transfer optionsOnline, in branchOnline
    Amount received for HKD$10,000 CAD $1,644.79 (incl. fees)CAD $1662.33

    As you can see, Robyn does not save substantially when using a money transfer company, but she does save on transfer fee and transfer time, allowing her to send more at a faster speed each time.

    Get a better deal when sending money to Canada with these tips

    • Exchange rates. An exchange rate just a couple of cents higher can make a substantial difference to the final amount of money you transfer. Look for the highest rates available but keep in mind that some companies’ rates might be slightly lower because they don’t charge any fees.
    • Fees. Most of the time, you’ll have to pay a fee when transferring money overseas. However, some providers will waive their fees when you send more than a certain amount.
    • Transfer within the same bank. Some banks with branches in multiple countries, such as Citibank and HSBC, allow you to send international money transfers within the same bank. This makes the process quicker, easier and more affordable.
    • Transfer methods. Check to see which options are available for lodging a transfer: online, over the phone or by visiting an agent.
    • Transfer options. Some providers will offer flexible options to help make it easier and more cost-effective to lodge a transfer. These include forward contracts, market orders, and the ability to schedule regular payments.
    • Transfer time. If you need funds sent urgently, you may wish to use a service that allows your cash to be picked up within minutes.
    • Minimum transfer amounts. Keep an eye out for the fact that some companies have minimum transfer amounts which you must exceed. This can be inconvenient if you only wish to send a small amount of money.
    • Pickup options. Does the cash go direct to your recipient’s bank account or can they pick up money in person from an agent?
    • Customer service. Finally, consider the customer service options offered by each company. If you need help with a transfer, will your chosen provider offer phone, email and live chat support?
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    Choose the best way to send money to Canada by reviewing your options

    You can choose from the following international money transfer options when you need to send money to Canada:

    • Bank transfers. As the Canadian Dollar is a commonly traded currency, almost all Hong Kong banks will allow you to transfer funds to Canada.
    • Online money transfer companies. Check the table and calculator above for a list of trusted online money transfer providers who allow you to send funds to Canada.
    • Cash pickup providers. Companies like Western Union and MoneyGram allow you to transfer funds which can then be picked up from thousands of agent locations across Canada.
    • PayPal. It’s also possible to send funds to someone in Canada via PayPal, as long as both you and your recipient have your own PayPal accounts.
    • International money order. You can also opt to receive an international guaranteed cheque from your bank or post office which can then be mailed overseas.
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    Emergency cash transfers in Canada

    There are certain situations where you may have to send money to Canada as quickly as possible, such as if you need to transfer funds to a relative who is in desperate need of cash. Whenever you need to lodge a transfer as quickly as possible, don’t forget to double check the exchange rate and fees that will be charged by your chosen provider. Although time may be crucial, taking a few extra steps to ensure you’re fully aware of what sort of deal you’re signing up for will prevent you getting any nasty surprises down the track.

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    Find a convenient place to pickup cash sent to you in Canada

    Western Union

    • Vancouver

      Money Mart #0247
      952 Granville St
      Vancouver, BC V6Z 1L2
      Open 9am to 9pm Monday to Saturday, open 11am to 5pm Sunday

    • International News

      110 550 Burrard Street
      Vancouver, BC V6C 2B5
      Open 8:30am to 5:30pm Monday to Friday

    • Toronto

      Money Mart #880
      241 Yonge Street
      Toronto, ON M5B 1N8
      Open 8am to 10pm Monday to Friday, 9am to 9pm Saturday and 10am to 6pm Sunday

    • Scotiabank #38356

      600 Fleet St
      Toronto, ON M5B 1B7
      Open 12pm to 7pm Monday to Friday, 9:30am to 3pm Saturday


    • Vancouver

      City Park Express – Canada Post
      349 Georgia St W
      Vancouver, BC V6B 4Z3
      (604) 682-6063
      Open 9:30am to 6pm Monday to Saturday

    • Carlton Cards – Canada Post

      11 – 200 Burrard St
      Vancouver, BC V6C 3L6
      (604) 681-8699
      Open 9am to 5pm Monday to Friday

    • Toronto

      Shoppers Drug Mart 1402 – Canada Post
      10 Dundas St E
      Toronto, ON M5B 2G9
      (416) 591-1733
      Open 9am to 9pm Monday to Friday, 10am to 9pm Saturday, 12pm to 9pm Sunday

    • Toronto Adelaide PO

      31 Adelaide St E
      Toronto, ON M5C 1J4
      (416) 214-2353
      Open 8:30am to 5:30pm Monday to Friday

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    Safely pickup cash in Canada with these tips

    Unlike many other parts of the world, Canada is listed as a safe country by the Hong Kong Government, with travellers advised to ‘exercise normal safety precautions’. So while crime is considered to be less of a problem than in other countries, you’ll still need to be careful when picking up a cash transfer. Take a friend with you for extra security and make sure to keep your cash concealed from strangers. If possible, head straight to a bank to deposit the cash into your account.

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    Make sure your money actually gets to Canada

    As there are several options you can choose from when sending money to Canada, the exact process for lodging and completing a transfer will differ depending on the method you choose.

    Typically, however, you will need to open an account with your provider of choice, which could include you providing the following information:

    • Your name
    • Your contact details
    • Your date of birth
    • Your driver’s licence number

    Once you have opened an account and placed your transfer, you will receive a receipt which will allow you to monitor the progress of your transaction until it is completed.

    If you want to send money to Canada, you have plenty of international money transfer providers to choose from. Just make sure to do your research and shop around for the best possible deal.

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