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Find the best ways to send money to the USA from Canada

RemitlyWisePayPalWorldRemitWestern Union
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Top Providers For transfers from Canada to the USA

Based on 14,192 comparisons made by Monito users in the past 3 months.

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Best for Transfers to a Bank Account

Best of 17 providers. Compare all

Best for Transfers to Cash Pickup

  • Top provider
    Remitly Monito Score 9.1

    Cheapest

    in 100% of all comparisons

    Top rated

    in 100% of all comparisons

    Fastest

    in 100% of all comparisons

    Go to Remitly 

Best of 1 provider. Compare all

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Compare 15 providers for a 1,000 CAD transfer from Canada to the USA

Results updated 2 days ago.

For the most up-to-date and accurate results, start a new search

  • Cheapest for frequent transfers
    XE Money Transfer
    8.5
    Popular with Monito users

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 0.7270

    0.53% worse than mid‑market rate

    727.00 USD

Compare 12 providers

Sorted by amount received

  • Best deal
    Panda Remit
    8.7
    Pay zero transfer fees and get 5 CAD off your first transfer

    In minutes

    Recipient gets

    Fee Free

    Exchange rate 0.7289

    0.27% worse than mid‑market rate

    728.90 USD

    725.98 USD

  • XE Money Transfer
    8.5
    Popular with Monito users

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 0.7270

    0.53% worse than mid‑market rate

    727.00 USD

  • Remitly
    9.1
    Money-back guarantee
    Includes preferential fee and/or exchange rate on your first transfer

    Same day

    Recipient gets

    Fee Free

    Exchange rate 0.7268

    0.56% worse than mid‑market rate

    726.80 USD

    709.39 USD

  • Instarem
    8.1

    2 to 3 days

    Recipient gets

    Fee Free

    Exchange rate 0.7252

    0.78% worse than mid‑market rate

    725.20 USD

  • Wise
    9.5

    1 day

    Recipient gets

    Fee 8.95 CAD

    Exchange rate 0.7309

    0.01% better than mid‑market rate

    724.40 USD


    Same day

    Recipient gets

    Fee 9.04 CAD

    Exchange rate 0.7309

    0.01% better than mid‑market rate

    724.33 USD

  • WorldRemit
    8.0

    1 to 3 days

    Recipient gets

    Fee 3.99 CAD

    Exchange rate 0.7163

    1.99% worse than mid‑market rate

    713.44 USD

  • Xendpay
    6.9

    2 days

    Recipient gets

    Fee 30.06 CAD

    Exchange rate 0.7303

    0.08% worse than mid‑market rate

    708.32 USD

  • Skrill
    8.3
    30 CAD off your first transfer

    Up to 1 day

    Recipient gets

    Fee Free

    Exchange rate 0.7025

    3.88% worse than mid‑market rate

    702.50 USD

  • CurrencyFair
    8.4

    3 to 4 days

    Recipient gets

    Fee 32.87 CAD

    Exchange rate 0.7263

    0.63% worse than mid‑market rate

    702.42 USD

    Estimated

  • PayPal
    5.9
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.

    Next day

    Recipient gets

    Fee 2.99 CAD

    Exchange rate 0.6929

    5.2% worse than mid‑market rate

    690.81 USD

    Details
  • Scotiabank
    ?
    Not recommended Consistently poor exchange rates, high fees and low customer satisfaction.

    3 to 5 days

    Recipient gets

    Fee 29.35 CAD

    Exchange rate 0.7113

    2.68% worse than mid‑market rate

    690.41 USD

    Estimated

    Details
  • Royal Bank of Canada
    ?

    3 to 5 days

    Recipient gets

    Fee 40.86 CAD

    Exchange rate 0.7149

    2.18% worse than mid‑market rate

    685.73 USD

    Estimated

We source transfer fees, rates and other data from money transfer providers in different ways - in most cases in real time. We constantly monitor the quality of our comparison data, but we cannot guarantee its accuracy.

Want to send money to Canada from the USA instead?

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Monito's Recommendations for Sending Money from Canada to the USA

Affiliate disclosure

Today's cheapest money transfer service might not be the cheapest tomorrow. Find the one that's best-suited to your needs and preference by comparing the best performers on Monito's comparison engine over the past 30 days for transfers from Canada to the USA:

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Best Ways to Send Money from Canada to the USA

About Money Transfers from Canada to the USA

Monito compares 17 providers offering international money transfer services from Canada to the USA. The total cost of the cheapest available option at any given point in the past month was 0.0% of the transferred amount. In comparison, the total cost of the most expensive provider was on average 11.1%.

💸 Number of providers

17

🏆 Most often cheapest provider
💰 Average Lowest Total Cost

0.0%

💰 Highest Total Cost

11.1%

👍 Recommended Providers

Royal Bank of Canada, Skrill, Wise, Instarem, Remitly, WorldRemit, Currencies Direct, OFX, Moneycorp, XE Money Transfer, CurrencyFair, Halo Financial, Panda Remit, Xendpay, Currency Solutions

⚡ ️Fastest Transfer Time

In minutes

💳 Pay-in Options

Bank transfer, Debit card, Credit card, Direct bank payment, PayPal, International bank transfer

💵 Pay-out Options

Bank account (via international transfer), Bank account, Card, Cash pickup

💸 Most transferred amount

1000 CAD

How To Send Money From Canada to the US

If you want to send money from Canada to the US, you'll have two broad options to choose from. One will go through your bank (which we don't recommend because of the high fees). Another option will be to use an international money transfer service. Either option can involve a wire transfer or an Interac e-Transfer from Canada to the US, with the main difference being the cost. We explore them both below:

1 — How to Transfer Money From Canada to a US Bank Account

Using an online international money transfer service is the fastest and cheapest way to transfer money from Canada to the US. Several top online transfer platforms offer CAD to USD transfers, including:

In general, money transfer services are the best way to send money abroad because they're the cheapest and usually the fastest and easiest to use options out there. Find out more about money transfer services here.

2 — Bank Transfers From Canada to the US

Using your bank — whether it be CIBC, RBC, Scotiabank, TD Bank, or any other — is a reliable option for sending money from your bank account to a bank account in the US. However, it's costly, and transfers usually take a long time to arrive (between two and five business days). This is because bank transfers go over SWIFT, which involves many steps.

It's sometimes also possible to send an Interac e-Transfer from Canada to the US via Mastercard or Western Union, but not all Canadian banks offer this service.

Sending money from Canada to the US with Scotiabank, for example, can be around 10% more expensive than making the same transfer with a top money transfer service online. For this reason, we generally don't recommend banks to get the job done. Learn more about why online platforms are better than banks for international transfers.

How To Send Money From Canada to the US

When considering how to send money from Canada to the US, you'll have many options at your disposal. However, while it may seem overwhelming, transferring money from Canada to the US is all straightforward. The process will generally involve making a bank transfer, card payment, or another form of mobile payment.

Transfer Money From Canada to a US Bank

To transfer money from Canada to a US bank account, you'll have two options:

On the one hand, you can make an international wire transfer to send money from Canada to the US, which can be done from your American bank account to your (or your recipient's) Canadian one. Wire transfers from Canada to the US are preferred by most big-name US banks and tend to be very slow and pricey. Find out more about making a wire transfer from the US in our in-depth guide here. (Bear in mind that it's possible to send money from a Canadian bank to the US via Interac's partnership with Mastercard and Western Union, meaning that it's possible to use Interac e-Transfer to send money from Canada to the US.)

The other option you have is to make an ordinary bank transfer (i.e. an ACH transfer) to the local bank account of an international money transfer specialist service, which, in turn, will pay out the funds more speedily and cheaply to your recipient in Canada than the bank would.

When sending money from Canada to the US, these specialist services are significantly faster and equally secure as the banks, and everything is wrapped up at a fraction of the cost. This is because funds sent via wire transfers (the method most banks use to send money abroad) typically need to follow several steps as they pass via SWIFT, adding new time and costs to the process. Find out more about how ordinary ACH transfers differ from wire transfers in our guide here.

According to search data from Monito's comparison engine for Canada to the US money transfers between June 2020 and 2021, the best way to transfer money from Canada to the US is usually one of the following specialist services:

Canada to US Money Transfers With Wise

Wise offers domestic bank transfers, wire transfers, and credit and debit card payments to be deposited into any Canadian bank account. It was the cheapest way to send money to the US from Canada on a convincing 86% of Monito comparisons between June 2020 and 2021.

Canada to US Money Transfers With WorldRemit

WorldRemit, which offers speedy bank transfers and card payments to bank accounts in Canada, was the cheapest way to transfer money from Canada to the US on 4% of Monito comparisons between June 2020 and 2021.

Canada to US Money Transfers With OFX

Primarily geared toward large transfers (i.e. greater than C$25,000.00), OFX is an excellent foreign exchange broker for transfers from Canada to the US and is highly competitive on more significant transfer comparisons on Monito:

Very Large Bank Transfers From Canada to the US

If you'd like to send a substantial amount of money from the US to a bank account to an American one (i.e. more than C$50,000.00), your best bet will be to use a foreign exchange broker. These services are similar to ordinary money transfer and remittance services. The main difference is that they're specialised in large transfers and can negotiate favorable exchange rates on your behalf.

According to search data on Monito's comparison engine between June 2020 and 2021, OFX was the best way to send money from Canada to the US for large amounts, offering the cheapest transfers on 41% of all searches above C$50,000.00 during that period. OFX was followed by Currencies Direct, which were both cheapest on 27% of comparisons for large transfers.

What's The Best Way to Transfer Money From Canada to the US?

There are three main ways in which you could be overpaying when you’re sending money from Canada to the US, each associated with the three main types of costs involved:

  • Fixed fees: The fee to convert and transfer money from Canada to the US, which goes as high as US$45.00 per transfer with major US banks;
  • Commission: This is a percentage you pay in fees on the total amount you transfer, meaning that the less you send, the less you pay. These percentage fees can range from under 0.50% to 2.00%.
  • Exchange rate margin: The percentage difference between the mid-market exchange rate (the rate at which banks exchange currency) and the commercial exchange rate (the rate consumers pay.)

The Cheapest Ways To Send Money From Canada to the US

With fixed fees, commissions, and exchange rate margins factored into the equation, take a look at which money transfer services were cheapest on Monito's comparison engine between June 2020 and 2021 for sending money from Canada to the US for different types of transfers:

Service

% Cheapest

Time

Pay-In Method(s)

Pay-Out Method(s)

Wise

75%

3-5 days

Bank transfer, direct bank payment, debit/credit card

Bank deposit

Go To Wise

WorldRemit

16%

2 days

Direct bank payment, debit/credit card

Bank deposit

Go To WorldRemit

MoneyGram

4%

In minutes

Direct bank payment, debit/credit card

Bank deposit, cash pick-up

Go To MoneyGram

OFX

3%

2 days

Bank transfer

Bank deposit

Go To OFX

Currencies Direct

2%

2 days

Bank transfer

Bank deposit

Go To Currencies Direct

Looking To Save on Every Transfer?

There's probably a fair chance that you're looking to save money on your transfers from Canada to the US no matter the amount you send or the receiving method. If this sounds like you, then we recommend that you make a point of checking our comparison engine before every transfer. That way, you'll ensure that you both discover the cheapest service in real-time and make considerable savings on your transfers to the US:

The Cheapest Way to Send Money From Canada to the US

Let's start with the most expensive solutions: banks, cash-based money transfers, and mobile payments apps like Paypal are typically very expensive options when you factor in all fees including hidden exchange rate margin fees).

As we mentioned above, the cheapest way to transfer money internationally is to use a specialist money transfer service. They provide much more competitive rates, fees, and commissions than banks or Paypal. Their fees depend on various factors:

  • Pay-in options: Credit card, bank transfer, cash payment, etc.
  • Amount transferred from Canada to the US: The cheapest operator will not necessarily be the same for a transfer of $500 and a transfer of $5,000.
  • Transfer speed: Does the money have to be available instantly, or can a beneficiary wait a few days?
  • Pay-out options: Will the money arrive in your beneficiary's bank account, or will they receive it in cash?

A dozen other parameters influence the price of sending money to the US. You should check out Monito’s live comparison tool with dozens of services to find the cheapest or fastest one for you!

Fastest Way To Send Money to the US From Canada

It comes as no surprise that the speed of your transfer depends on the method you choose to send your money from the US to Canada.

Online money transfer providers are typically the fastest option. For example, Instarem offers transfers that will go to the recipient's account the same day, whereas Skrill and Wise offer transfers that arrive the next business day. 

When comparing the fastest options, always be sure to also compare the exchange rate to check you’re not getting a poor deal. More information about the fastest way to send money abroad can be found in our guide.

FAQ About How To Send Money From Canada to Us

Best Rated Providers to Send Money from Canada to the USA

Everyone wins, except expensive solutions

With our model, the only losers are the expensive banks or providers you’ll stop using!

To ensure our independence, we always use transparent, objective and verifiable criteria in our comparison. No provider can buy their way to the top of our results.

We include as many providers as possible in our comparison and have partnerships with almost all major and innovative providers.

We make sure you never pay more than if you went directly to the provider of your choice. We even negotiate special offers for you with many of our partners.

  • You save money on your transfer by selecting the cheapest provider.

  • The best providers earn new customers without expensive marketing, helping keep their costs (and prices) low.

  • Monito receives a referral fee from the provider you selected. This enables us to offer our service to you for free.

Questions you may have

Why Trust Monito?

You’re probably all too familiar with the often outrageous cost of sending money abroad. After facing this frustration themselves back in 2013, co-founders François, Laurent, and Pascal launched a real-time comparison engine to compare the best money transfer services across the globe.

Today, Monito’s award-winning comparisons, reviews, and guides are trusted by around 8 million people each year and our recommendations are backed by millions of pricing data points and dozens of expert tests — all allowing you to make the savviest decisions with confidence.

Learn more about Monito
  • Monito is Trusted by 15+ Millions Users across the globe.

  • Monito's experts spend hours researching and testing services

  • Affiliate commissions we may receive never impact our independence

Mid-market exchange rate

To calculate the total cost of your transfer, we compare the exchange rate every provider applies to your transactions with the latest mid-market exchange rate data that we source from XE.

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Affiliate Disclosure
Instead of banner ads and paywalls, Monito makes money through affiliate links to the various payment service providers featured on our website. While we work hard to scout the market for the best deals, we're unable to consider every possible product available to you. Our extensive range of trusted affiliate partners enables us to make detailed, unbiased, and solution-driven recommendations for all types of consumer questions and problems. This allows us to match our users with the right providers to suit their needs and, in doing so, match our providers with new customers, creating a win-win for everybody involved. However, while some links on Monito may indeed earn us a commission, this fact never impacts the independence and integrity of our opinions, recommendations, and evaluations.