Send Money to Canada Effectively

Information verified correct on December 3rd, 2016

canada

Take advantage of the best possible exchange rates and fees when you send money from the United States to Canada.

While we like to poke fun at our northern neighbors for everything from their accents to their unfailing politeness, Canada is one of our closest friends. In fact, there are more than one million Canadian Americans throughout the country, while in June 2015 alone, more than 3.3 million American tourists visited Canada.

This means that if you need to send money to Canada, there are plenty of banks and money transfer companies willing to offer their services. It’s up to you to compare the features of a range of providers and find one that offers safe transfers, convenience, and value for money.

Compare Money Transfer Services

Rates last updated December 3rd, 2016
Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received
WorldRemit International Money Transfers
An online money transfer service ... with cash pickup, bank account to bank account and airtime transfers available.
USD 1 Within an hour
OnlineCash Transfer
Rates are always
changing, click to check
your price today
Go to site More
World First Foreign Exchange
Transfer money into a range ... of currencies online and over the phone.
USD 500 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
Transferwise International Money Transfers
Make online transfers in a ... range of currencies and enjoy high maximum transfer amounts.
USD 1 1 day
Online
Rates are always
changing, click to check
your price today
Go to site More
HiFX International Money Transfers
Transfer money between 20 currencies ... and enjoy scheduled regular transfers. No fee for transfers over US $5,000.
USD 100 2 days
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Travelex International Money Transfers
Get your foreign currency delivered ... to your home or pick up at a store.
USD 500 2 days
Online
Rates are always
changing, click to check
your price today
Go to site More
Currencies Direct International Money Transfers
$0 online transfer fee that ... you can access 24/7.
USD 100 2 days
OnlinePhone
Rates are always
changing, click to check
your price today
Go to site More
USForex International Money Transfers
Take advantage of competitive exchange ... rates and cheap transfer fees.
USD 150 1 day
OnlinePhoneAgentInternational Money Order...
Rates are always
changing, click to check
your price today
Go to site More
MoneyGram International Money Transfers
Send money anywhere, from anywhere.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
TorFX International Money Transfers
TorFX guarantee to beat any ... competitor's exchange rate for a transaction. Conditions apply
USD 100 1 day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More
Western Union Money Transfers
Send money online to friends ... and family around the world with Western Union.
USD 1 Same day
OnlinePhoneAgent
Rates are always
changing, click to check
your price today
Go to site More

Have we missed anything in the comparison table? Tell us

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Banks versus money transfer services

While banks are capable of handling international wire transfers, they typically offer higher fees and unfavorable exchange rates compared to specialist money transfer providers.

Using the services of a global money transfer provider will generally mean that you’ll benefit from larger cost savings.

Case Study: Robyn Sends Money to Canada

Robyn has scored her dream job in New York and left her family behind in Toronto, but that doesn’t mean she’s forgotten her roots. She wants to send $2,000 to her younger sister back in Canada as a birthday gift, but the thought of paying her bank’s expected $50 transfer fee seems exorbitant. Robyn decides to compare the services of two specialist money transfer companies to see if she can find a better deal.

Money transfer company 1Money transfer company 2
Exchange rate1 USD = 1.301 USD = 1.27
Transfer fee$5$87
Transfer methodBank account depositCash pickup
Processing time1 business day10 minutes
Amount received (in CAD)2,600 CAD2,540 CAD

As you can see, while Robyn can send an extra 60 CAD and save more than $80 in fees by using the first company. However, the second company does allow her to send an urgent transfer if she needs to.

How to compare transfer companies when sending money to Canada

  • Exchange rates. Look for a company that offers higher exchange rates than its competitors, but remember to check whether those rates come with higher fees attached.
  • Fees. Robyn’s example above shows just how widely fees can vary between providers. Make sure you’re aware of all the fees that apply to a transaction.
  • Transfer methods. As well as online transfers or in-branch transfers, can you place a transfer request over the phone or using a dedicated mobile app?
  • Transfer options. While some companies only offer one-off transfers, others offer the convenience of scheduling regular transfers. Forward contracts and limit orders are also available to help you take advantage of changing market conditions.
  • Turnaround time. Compare the processing times offered by different companies; some can send your money in minutes but others will require you to wait multiple working days.
  • Minimum amount. If a company imposes a minimum transfer limit, check that the limit is not too high for your transfer needs.
  • Pickup methods. Can the cash be picked up from an agent or is it transferred to your recipient’s bank account? How big is each provider’s agent network?
  • Customer service. Will phone, email, and live chat support be offered if you have a problem with a transaction?
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How to send money to Canada from America

  • Bank transfers. Most US banks offer safe and secure transfers to Canada.
  • Online money transfer providers. These companies, for example WorldRemit and USForex, offer convenient and affordable transfer options.
  • Money transfer companies with cash pickup options. Western Union, MoneyGram, and Ria are the three largest providers of these transfer services.
  • PayPal. PayPal is not just for eBay purchases; it can also be used to send international money transfers.
  • Checks. Ask your bank for an international guaranteed check and send it to Canada the old-fashioned way.
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Emergency cash transfers in Canada

Sometimes you might need to send an urgent transfer to Canada, but make sure you review the details of your transaction before placing a transfer request. Emergency transfers often attract high fees and less-than-impressive exchange rates, so read the fine print and ensure you’re aware of what you’re paying.

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Cash pickup locations in Canada / Western Union / MoneyGram branches

Western Union and MoneyGram operate extensive agent networks around the globe, allowing your recipient to visit a location in person and collect the cash you transfer. Just make sure that your recipient takes along the transaction reference number and proof of ID when they go to pick up the funds.

Western Union – Toronto

VancouverFirst York Community Credit Union

30 Bond St Ste 2050

Toronto, ON M5B 1W8

416-864-6060

Open 8am to 4:30pm seven days

Money Mart

241 Yonge Street

Toronto, ON M5B 1N8

416-367-2927

Money Mart

952 Granville St

Vancouver, BC V6Z 1L2

604-677-8278

Open 9am to 9pm Monday to Saturday, open 11am to 5pm Sunday

Scotiabank

970 Burrard St

Vancouver, BC V6Z 2R4

604-668-2160

Open 9:30am to 4pm Monday to Thursday, 10am to 5pm Friday

MoneyGram – Toronto

VancouverShoppers Drug Mart

220 Yonge St

Toronto, On M5B 2H1

(416) 979-9373

Open 9:30am to 9pm Monday to Friday, 11am to 5pm Saturday, 12pm to 4pm Sunday

Toronto Adelaide PO

31 Adelaide St E

Toronto, On M5C 1J4

(416) 214-2353

Open 8:30am to 5:30pm Monday to Friday

London Drugstore

710 Granville St

Vancouver, Bc V6Z 1E4

(604) 685-5276

Open 8am to 9pm Monday to Friday, 10am to 6:30pm Saturday and Sunday

City Park Express

349 Georgia St W

Vancouver, Bc V6B 4Z3

(604) 682-6063

Open 9:30am to 6pm Monday to Saturday

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Tips for picking up cash in Canada

Even though Canada is one of the safest tourist destinations in the world, it still pays to take some precautions when picking up cash. Bring along a friend for extra security, keep your money concealed, and deposit any large amounts of cash into your account as soon as possible.

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How to send money to Canada

There are many options to choose from when you send money to Canada, and most providers require you to sign up for an account before you send your funds. This means you will need to supply:

  • Your name and address
  • Your email address and phone number
  • A valid form of photo ID, such as a driver’s license or passport

It usually only takes a few minutes to send money and to receive a transaction reference number once you’ve finalized your transfer. Use this to track the progress of your transfer online.

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US International Money Transfers Offers

Learn about our information service
WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

USForex International Money Transfers

Take advantage of competitive exchange rates and cheap transfer fees.

World First Foreign Exchange

Transfer money into a range of currencies online and over the phone.

Transferwise International Money Transfers

Make online transfers in a range of currencies and enjoy high maximum transfer amounts.

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