There are quite a few providers on the Internet that allow you to send money from the US to Canada. However, each of them sets their own rates and commissions for transfers.
FromTo.money money transfer comparison service has presented a list of the most acceptable providers for sending money from the US to Canada. On the website you can get information about rates and transfer methods in real time.
1. XE
XE has a special exchange rate for new customers for transfers from US to Canada.
Currency options
US dollars are available for sending and Canadian dollars are used for receiving funds.
Payment and receipt options
You can send a transfer from a US bank card or account, as well as using Bank Debit (ACH). In Canada, a recipient will only be able to receive the funds in a Canadian bank account.
Transfer speed
It takes no more than 24 hours to transfer money from the US to Canada via XE.
2. MoneyGram
MoneyGram allows you to send money from the United States using a variety of payment and receipt methods, including cash transfers.
Currency options
A sender can pay for the transaction in US dollars. And a recipient will receive Canadian dollars.
Payment and receipt options
The company offers different ways to pay for transfers, including credit and debit cards, online banking or cash. At the same time, a recipient can receive funds in Canada to a bank account or by cash withdrawal at MoneyGram service points.
Transfer speed
The speed of funds crediting depends on the method of payment and receiving the transfer. If you send money from the US using a bank card or at a MoneyGram service point, a recipient in Canada can receive cash literally immediately.
3. WorldRemit
WorldRemit does not charge a fee for the first 3 money transfers from the US to Canada with promo code 3FREE.
Currency options
With WorldRemit it is possible to send money in US dollars and receive funds in Canadian dollars.
Payment and receipt options
WorldRemit allows you to use a credit or debit card to pay for a transfer from the US. And in Canada, the funds will be deposited into a bank account.
Transfer speed
If you send funds to a bank account in Canada, the transfer will take a few seconds to complete.
4. Remitly
Remitly offers a discounted rate for the first money transfer sent from the US to Canada.
Currency options
Using Remily’s services, you can make a transfer in US dollars and a recipient will be able to receive it in Canadian dollars.
Payment and receipt options
You can pay for money transfers to the US online with a debit or credit card. Receiving funds in Canada is available to a bank account or in cash.
Transfer speed
If you use a credit or debit card to send funds from the US, cash pickup will be available in Canada within an hour. Crediting a bank account usually takes up to two days.
5. Wise (formerly TransferWise)
Wise, in most cases, provides a favorable rate when sending funds from the US to Canada. However, the provider charges an additional fee, the amount of which depends directly on the size of the transfer.
Currency options
Using Wise, a sender from the US can make the transfer fee in dollars or other available currency. Likewise, a recipient in Canada will also have the option to accept funds in dollars or other currency.
Payment and receipt options
When sending money from the US, an extensive array of different payment options is at your disposal, including debit and credit card, bank account, direct debit, iDeal or SOFORT. In Canada, the funds will arrive at a recipient’s bank account.
Transfer speed
The speed of receipt of funds is determined by the chosen payment method of a transfer and varies from a couple of minutes to two days. The fastest way to transfer money to Canada is with a US bank card.
FAQ
What is the fastest way to send money from the US to Canada?
When looking for the fastest way to send money from the US to Canada – use a card-to-card transfer. To do this, visit the appropriate online transfer providers. The money will arrive to a recipient in Canada in just a couple of minutes.
How do I make a card-to-card transfer from the US to Canada?
You can use MoneyGram to transfer money from the US to Canada from card to card.
What is the cheapest way to send money from US to Canada?
Money transfer providers offer different rates and exchange rates. Compare the available options and choose the best way to send money from US to Canada with FromTo.money.
