Cheapest way to send money to Canada · quotes checked 2026-10-30
Paying by bank transfer from the US. The cheapest provider changes with the amount, so both $200 and $1,000 are shown. Ranked by what the recipient gets, which is what matters: the fee and the exchange-rate markup together.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Remitly | 279.14 CAD | 1.3957 CAD/USD |
| Instarem | 272.69 CAD (−2.31%) | 1.3634 CAD/USD |
| Western Union | 272.6 CAD (−2.34%) | 1.3767 CAD/USD |
| Wells Fargo | 270.72 CAD (−3.02%) | 1.3536 CAD/USD |
| WorldRemit | 269.95 CAD (−3.29%) | 1.3702 CAD/USD |
| Wise | 268.37 CAD (−3.86%) | 1.3972 CAD/USD |
| OFX | 267.07 CAD (−4.32%) | 1.3696 CAD/USD |
| Chase (US) | 264.3 CAD (−5.32%) | 1.3554 CAD/USD |
| PayPal | 261.61 CAD (−6.28%) | 1.3415 CAD/USD |
| Xoom | 252.45 CAD (−9.56%) | 1.2623 CAD/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-30.
| Provider | Recipient gets | Effective rate |
|---|---|---|
| Remitly | 1,397.1 CAD | 1.3971 CAD/USD |
| Instarem | 1,387.14 CAD (−0.71%) | 1.3871 CAD/USD |
| Wise | 1,383.27 CAD (−0.99%) | 1.3975 CAD/USD |
| Western Union | 1,373.98 CAD (−1.65%) | 1.3767 CAD/USD |
| WorldRemit | 1,366.15 CAD (−2.22%) | 1.3702 CAD/USD |
| OFX | 1,362.72 CAD (−2.46%) | 1.3696 CAD/USD |
| Wells Fargo | 1,353.59 CAD (−3.11%) | 1.3536 CAD/USD |
| Chase (US) | 1,348.6 CAD (−3.47%) | 1.3554 CAD/USD |
| Xoom | 1,334.99 CAD (−4.45%) | 1.335 CAD/USD |
| PayPal | 1,334.82 CAD (−4.46%) | 1.3415 CAD/USD |
Collected and published by Wise, which is also a provider in the list. Source, 2026-10-30.
Because most of the cost hides in the exchange rate. A provider with a $0 fee and a 3% worse rate costs more than one with a $5 fee at the mid-market rate. "Recipient gets" captures both.
Fixed fees matter on $200 and vanish on $1,000, while rate markups scale with the amount. That is why Remitly wins at $200 and Remitly at $1,000 here.
No. They are quotes read on 2026-10-30 from the source linked above. Rates move daily; use them to pick a provider, then check the live quote before sending.
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