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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Digital money transfer providers can beat the rates offered by your bank. Transferring money online to Canada from Australia, instead of through your local bank, will save you on fees and give you access to stronger exchange rates and faster turnaround times.

Send money to Canada with TorFX

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.

  • No transfer fees
  • Price match guarantee
  • Dedicated account manager assigned to you
  • Forex tools available
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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
AUD 1 Same day AUD 3.99 0.906 CAD
9,054
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.
Go to site Show details
AUD 250 1 - 2 days AUD 0.00 0.913 CAD
9,131
$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.
Go to site Show details
AUD 1 1 day AUD 52.00 0.912 CAD
9,074
Pay no fees on your first two transfers, up to $3,000.
SingX offers the real exchange rate every time you make a transfer and can help you send money across the world.
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AUD 2,000 1 day AUD 0.00 0.913 CAD
9,131
TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.
Go to site Show details
AUD 2,000 1 day AUD 0.00 0.913 CAD
9,131
Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.
Go to site Show details
AUD 1 Same day AUD 0.00 0.912 CAD
9,122
XE has fast transfers with low fees and a range of foreign currency tools. Go to site Show details
AUD 1 1 - 2 days AUD 150.00 0.913 CAD
8,993
Wise uses the mid-market rate and transparent fees to help you send money in 50+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 0.913 CAD
9,128
Special offer: Zero fees on your first 10 transfers.
CurrencyFair has bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 200 1 - 2 days AUD 50.00 0.916 CAD
9,110
Instarem offers simple transfers with a flat 0.5% transfer fee for most transfers. 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.

How to send money to Canada

Sign up and send money with a digital money transfer specialist in four steps:

  1. Sign up for a free account. Pick a provider and sign up for a free online account using your contact information, proof of ID and your preferred payment method.
  2. Provide transfer details. Submit your recipient's contact information and pick a delivery method. If you're transferring to a bank, you'll need your recipient's Canadian bank account details.
  3. Confirm transfer details. Double-check your payment method, expected fees and destination.
  4. Save your receipt. Record your receipt's confirmation number to track the progress of your transfer to Canada. Some money transfer providers send a text or email when your transfer is complete.

What's the best way to send money to Canada?

Online money transfer providers typically offer the strongest exchange rates and lowest fees on money transfers to Canada. Some offer transfers straight to Canadian bank accounts, while others allow the money to be picked up in Canadian dollars in person. Banks, PayPal and other options are available but come with high fees, weak rates and longer turnaround times. Some of the best ways to send money to Canada include:

    • Digital money transfer services. Companies like OFX and TorFX specialise in foreign currencies, making them some of the most cost-effective transfers. Most offer transfers directly to your recipient's Canadian bank account, often in as little as a day or two.
    • Cash transfers. Services like MoneyGram allow you to transfer cash for pickup at a local branch in Canada— often in 15 minutes. While it's a fast way to send money, you'll pay for the convenience in weak exchange rates and high fees. If a cash pickup is necessary, compare MoneyGram to digital services like WorldRemit or XE when possible.

Let's crunch the numbers: Sending $5,000 to Canada

Let's say you need to send $5,000 to our northern neighbors. Here's what you might face as far as fees and exchange rates.

Digital money transfer serviceBank transfer
Fee$4$25
Exchange rate1 AUD = 0.97 CAD1 AUD = 0.93 CAD
Transfer speed1-3 days2-5 days
Amount receivedCAD 4,838.62CAD 4,650
Verdict
  • Best value and fastest
  • Slowest and most expensive

The bank option ends up being both the slowest and gets the smallest amount of money to your recipient. If you go with the digital money transfer service, your recipient ends up with CAD 188.62 more than the bank offers. If speed is crucial, a cash transfer can typically have your transfer to Canada in as little as 15 minutes for just a slightly higher fee.

How to get the most out of your money transfer to Canada

Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to Canada to meet your needs:

  • Exchange rates. The AUD-CAD relationship fluctuates daily, so using a service that allows you to lock-in exchange prices may help you save money down the line if exchange rates take a turn for the worse in the future.
  • Transfer fees. Transferring money overseas nearly always requires fees, but they might be hidden in the exchange rate. When sending large amounts, it may be cheaper to pay a flat fee to secure a stronger exchange rate.
  • Transfer limits. How much you can send varies by company, and different amounts can attract higher or lower fees. Shop around for the best deal on the amount of Canadian dollars you're sending.
  • Turnaround. Transferring money through a local bank can take a business week or longer. If you need the funds delivered quickly, seek out a digital specialist that offers instant transfers to Canada.
  • Maximum limits. When exchange rates are favorable, sending more money can save you money in the future. If you plan to send large amounts of money to Canada, be sure to pick a provider that won't limit you.
  • Transfer methods. Whether you want money sent to a Canadian bank account or picked up as cash at a local agent, narrow down a company that matches your preferred delivery method.

Emergency cash transfer to Canada

When it's more important to get your money to Canada quickly, look for money transfer companies that support cash pickup in minutes. You can pay with a credit or debit card for fast pickup, but fees are higher than other methods.

How to send money to Canada without a bank account

Cash transfer services can help you if you're unbanked or marginally banked. If you don't have a bank account, look for a local company that supports storefronts for cash payments. These services include agent locations in other countries that allow your recipient to pick up cash without a bank account.

Canada's exchange rates explained

The exchange rate determines how much one country's currency is worth in another country's currency. When a country's currency is strong, it yields more money when exchanging it in a country with a weaker currency. Canada's exchange rate often fluctuates when compared to the Australian dollar, so expect exchange rates today to be different than those you'll see tomorrow. Factors that influence the exchange rate include interest rates, economic stability and inflation.

Track how the Canadian dollar trades against the Australian dollar in our historical rate chart.

1
0
Updated: 02 Aug 2021 01:07:11 UTC

Today's exchange rate AUD to CAD

Documents needed for sending to and receiving money in Canada

To send money to Canada from Australia, you'll need government-issued ID and other documents, while documents needed to pick up money in Canada may be different by company.

Documents to send money from Australia

To send money from Australia to Canada, you'll need documentation and details that include:

  • Identification. Most services require a driver's license, passport or other government-issued ID.
  • Payment method. Your service may accept credit or debit cards, cash, bank accounts or personal checks.
  • Recipient information. Senders must provide the recipient's name as it appears on their ID, along with their phone number and, for transfers to Canadian bank accounts, account information consisting of a transit number, institutional (bank) number and an account number.

Documents to receive money in Canada

To pick up money in person, documentation can include:

  • Transfer number. The person sending you money can forward the transfer's confirmation details — called a PIN, a MTCN, a reference number or a tracking number, depending on the company.
  • Government-issued ID. A Canadian Passport, Canadian Driver's License, Canadian-Indian Status Card or a similar government-issued ID is typically required to pick up cash.
  • Amount sent. You may need to know how much was sent, usually within 10% of the total.
  • Sender's information. Take along your sender's full name, the sending country and their address, if known.

Learn more about using the Canadian dollar in Canada

Bottom line

Sending your hard-earned money to Canada shouldn't cost a fortune. Compare transfer companies that specialise in foreign for the strongest rates, lowest fees and flexible delivery. For transfers to other countries, rely on our country specific guides the next time you need to make a transfer.

More guides on Finder

International Money Transfer Offers

Important Information*
Logo for TorFX International Money Transfers
TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
TorFX sends money overseas in 30+ currencies, with competitive rates for transfer amounts over $2,000.

Logo for OFX (Ozforex) International Money Transfers
OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers.
OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies.

Logo for Send International Money Transfers
Send International Money Transfers

Send guarantees to match any competitor’s exchange rate. T&Cs apply.
Send provides fee-free transfers via its 24/7 multi-currency payments platform with real-time quotes.

Logo for XE International Money Transfers
XE International Money Transfers

XE has fast transfers with low fees and a range of foreign currency tools.

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