We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
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.
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.
Sign up and send money with a digital money transfer specialist in four steps:
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:
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 service | Bank transfer | |
|---|---|---|
| Fee | $4 | $25 |
| Exchange rate | 1 AUD = 0.97 CAD | 1 AUD = 0.93 CAD |
| Transfer speed | 1-3 days | 2-5 days |
| Amount received | CAD 4,838.62 | CAD 4,650 |
| Verdict |
|
|
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.
Weigh costs and fees against convenience, and learn how to compare money transfer providers that send to Canada to meet your needs:
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.
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.
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.
Today's exchange rate AUD to CAD
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.
To send money from Australia to Canada, you'll need documentation and details that include:
To pick up money in person, documentation can include:
Learn more about using the Canadian dollar in Canada
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.
As a first home buyer, what grants, incentives and discounts are available to you? How much can you save – and how do you get your free money?
Nexo is a cryptocurrency lending and borrowing platform that offers high interest rates on cryptocurrencies, stablecoins and fiat. We review the features available and look at how safe your funds would be on the platform.
This Citi Clear Credit Card offer includes 0% on balance transfers for 28 months and a reduced first-year annual fee. Compare and apply here.
Compare the features of the Bank of Melbourne Vertigo credit card, including a $0 first-year annual fee and a $300 cashback.
SPONSORED: Don’t let yourself become a victim of fraud or theft. Here are 4 easy ways to keep your money safer.
Learn how to use crypto for everyday transactions like payments and income.
Centrelink might block your business idea from taking off, but a variety of finance options including government schemes can help your business succeed.
SPONSORED: Consolidating your credit card debts can get you back in the black sooner, without making major sacrifices.
Your money can be a force for climate action. Here are five simple steps you can take to make the happen today.
This Amex card puts money back in your pocket, earning 1% cashback per $1 on most purchases – plus a bonus 5% in the first 3 months.
