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How to send money to Canada

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

Sending cash from Wellington to Ontario should be a snap. There is no need for a complicated process or expensive fees. Transferring money from New Zealand to Canada can be easy when you compare your various options and find the best one for your needs.

Send money to Canada with OFX

OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

  • Large range of currencies
  • Online and phone transfers
  • Regular payments available
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Compare money transfer services

Our comparison calculator lets you compare current fees, exchange rates, transfer speeds and other details about sending your money to Canada. Enter the amount you’re transferring, and see how much will arrive at your destination.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
NZD 250 1 day NZD 0.00 0.863 CAD
4,313
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send has fee-free transfers in 30+ currencies to over 200 countries.
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NZD 1 Within an hour NZD 3.99 0.868 CAD
4,336
Use promo code 3FREE to send your first 3 transfers with no fee. Conditions apply.
WorldRemit sends money to 110+ countries for bank-to-bank deposits, cash pick-ups or mobile top-ups.
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NZD 0 Same day NZD 0.00 0.867 CAD
4,335
XE has fast transfers with competitive rates and a range of foreign currency tools. Go to site Show details
NZD 250 1 day NZD 0.00 0.863 CAD
4,313
TorFX guarantee to beat any competitor's exchange rate for a transaction. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
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NZD 2,000 2 days NZD 10.00 0.863 CAD
4,305
Exclusive offer: Discounted exchange rates for all Finder customers.
WorldFirst sends 60+ currencies at competitive rates. If you find a better eligible quote, WorldFirst will beat it.
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NZD 1 1 - 2 days NZD 40.00 0.871 CAD
4,322
Wise uses the mid-market rate and transparent fees to help you send money in 45+ currencies. Go to site Show details
NZD 5 1 - 2 days EUR 3.00 0.866 CAD
4,330
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
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Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.
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How do international money transfers work?

An international money transfer allows you to send money to a recipient in another country by providing funds to a bank or an independent transfer provider. They will send the money to your recipient where they can pick it up in person, over the phone, through a mobile app or online. You can use cash, a credit or debit card or transfer funds from your bank account, which will then either be deposited into your recipient’s bank account, mobile wallet, or made available as cash for them to pick up at a physical location.

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Banks versus money transfer services

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

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

Example: Robyn sends money to Canada

Robyn has scored a great job in Auckland 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 $50 transfer fee seems expensive. 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 NZD = 0.91 CAD1 NZD = 0.90 CAD
Transfer fee$5$87
Transfer optionBank account depositCash pick-up
Transfer time1 business day10 minutes
Total CAD received 1815 CAD1713 CAD

As you can see, while Robyn can send an extra CA$102 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.

Today’s exchange rate NZD to CAD

How to compare transfer companies when sending money to Canada

By comparing a few elements of your transfer, you can ensure that you get the cheapest deal for your needs.

  • Exchange rates. Nearly all providers skew exchange rates for a profit. Compare the rate you’re offered to the mid-market rate — the rate banks and transfer services use when they trade among themselves — and look for the smallest margin between them.
  • Transfer fees. Find out whether the provider charges a flat fee or a percentage of your transfer. If you’re sending a large amount, ask whether you qualify for a fee-free transfer.
  • Payment and delivery options. Some transfer companies allow you to pay with a credit card online, by phone or through an app. Others offer agent locations for cash payments and pick-ups. Also ask how your recipient can receive your funds: bank account, cash pick-up, mobile wallet and more.
  • Transfer speeds. If it needs to be there fast, companies like Western Union and MoneyGram allow for quick cash pick-ups, often in minutes. If you have more time, you’ll get better rates and fees with an independent provider.
  • Transfer limits. Your best option might depend on how much you want to send. For large transfers, weigh the best exchange rate —especially since providers encourage large transfers by offering low fees. For smaller amounts, consider the fees you’ll pay on top of the exchange rate.
  • Flexible transfer options. Ask whether you can schedule payments ahead of time or protect your transfer against market fluctuations with a limit order or forward contract.
  • Customer support. Most companies offer customer service by Internet chat, phone, in person or by email. Make sure help will be available if you need it.

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Foreign exchange rates explained

The exchange rate determines how much one country’s currency is worth in another currency. When a country’s currency is strong, it yields more money when exchanging it in a country with a weak currency. As of December 2018, one New Zealand dollar was worth about 0.91 Canadian dollars. Canada has a flexible exchange rate, which means it can change from moment to moment. Factors that influence the exchange rate include interest rates, economic stability and inflation.
Currency exchange rate for Canada
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Steps to send money to Canada

  1. Register for an account with a provider, supplying your name, address, contact details, proof of ID and information about your selected payment method.
  2. Provide your recipient’s contact information.
  3. Select the amount of your transfer and complete the transaction.
  4. Keep a record of any transaction reference number you receive so that you can review the progress of your transfer.

What are the ways to send money to Canada from New Zealand

  • Bank transfers. Most New Zealand banks will allow you to send money to Canada.
  • Money transfer providers. Providers like Currency Fair and World First can help you quickly and easily transfer your money online.
  • Providers with cash pick-up. Western Union and MoneyGram allow you to send funds for cash pick-up at agent locations.
  • PayPal. Electronic payment giant PayPal allows you to send money from New Zealand to Canada.
  • Cheques and money orders. Although not a quick option, you could send an international cheque overseas, obtained from your bank.
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Emergency cash transfers to Canada

If a friend traveling through the country loses their wallet, and you need to send money in an emergency, your fastest possible transfer will often be your most expensive option. Carefully review the exchange rate and transfer fee against your needs so that you understand exactly how much it will cost you.
Find a money transfer location near you

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Tips for picking up cash in Canada

Whether picking up funds in Montreal or anywhere else around the world, take a few simple safety precautions to prevent yourself becoming a target for thieves.

  • Call ahead. Learn the company’s business hours and choose a safe time to pick up your cash. Daylight hours are best.
  • Bring a friend. Carrying money when alone can be dangerous. Ask a friend to come along.
  • Deposit your money immediately. The likelihood of losing your money to theft or simple carelessness grows the longer you have it with you. Go straight to a bank and deposit your cash as soon as possible.
  • Keep your cash hidden. Place your money in your purse or wallet before leaving the office. Carrying cash out in the open could make you a target.
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Cash pick-up locations in Canada

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