How To Transfer Money From US To Canada (2024)

What are the best ways to transfer money from US to Canada?

Have you been searching for an easy and affordable way to send money to your friends family or for business from the United States of America to Canada? 

Then, you have to read this piece as it contains the mode of the transaction as well as 5 reliable transfer companies to help meet your transfer needs.

Best Ways To Transfer Money From US to Canada 

The best ways to transfer money from US to Canada today are:

Bank Transfers

This is the most common way to transfer money from US to Canada as it is secure, reliable, and convenient. However, bank transfers take time and banks generally add up to 5% as exchange rates.

Transfer money from US to Canada
Best Ways To Transfer Money From US to Canada

Cash Pickup

Cash pickup gives your recipient instant access to the money you’ve sent when they collect it from their agent location in Canada.

Home delivery

If the recipient of the money is not able to pick it up, the package can be easily delivered to the individual.

Mobile Wallet

It is an electronic wallet service. They allow users to store, send and receive eligible currencies using their phones, often with fees attached.

Online Money Transfer Provider

When sending money, money transfer specialists typically offer better rates and cheaper fees than a local bank.

Money from US to Canada
Best Ways To Transfer Money From US to Canada

Best Money Transfer Companies To Send Money From US To Canada 

The best money transfer companies to send money from US to Canada today are:


Xoom is convenient for money transfers, but costly when compared to other money transfer companies .

Its best features include :

  • A safe, trustworthy, fully licensed company
  • Ability to pay recipients’ bills or phone reloads via app
  • Regular transaction updates via text or email


OFX is great for larger transfers because they have personal account managers that are really helpful, particularly if it’s your first time sending money to Canada. The more you transfer, the more you enjoy better exchange rates.

Being one of the oldest money transfer companies, OFX has a good track record for security.

Its best features include :

  • Easy online account set-up
  • Good exchange and lock-in rate for larger amounts
  • 24/7 customer care support
  • Mobile app

Wise (Previously Known As TransferWise)

Wise offers a cheap, fast, and secure way to send funds internationally. They’re great for online users who want to send less than $40,000 to Canada from the US.

Its best features include :

  • Quick online account set-up
  • Gives access to quotes easily 
  • Transparent fees and offer great rates online
  • Simple Mobile App

XE Money Transfers

XE money transfers have established a trusted and seasoned name in foreign exchange and could be a good option for online users who aren’t under time pressure. They don’t charge fixed fees and don’t have any minimum amounts so you are good for transactions of any sizes.

Its best features include :

  • No hidden fees or minimum amounts for money transfers
  • Attractive exchange rates for larger amounts
  • Well-known and trusted brand
  • Business and individual support, plus accessible customer service


WorldRemit transfer company is notable for remittances and smaller transfers. They’re perfect for personal money transfers from the US of up to US$10,000 to Canada. 

Their rates are usually better than your local bank’s and they offer more flexible delivery options than other money transfer companies 

Its best features include :

  • Offers cash pick-up, bank deposits, mobile money, and airtime top-up
  • Easy online platform and mobile app
  • No hidden costs with an accurate calculator tool
  • 24/7 customer care support.
Money from US to Canada
Best ways to transfer money from US to Canada


Whilst hunting down the cheapest ways to transfer money from US to Canada, it’s more important to look at the overall cost of your transfer. You have to consider the transfer fees as well as exchange rates.

For instance, some money transfer companies may charge the mid-market rate but add extra fees atop the transaction, others may have low fees but huge exchange rates.

It is important to fully understand the transfer company you want to work with and calculate how much the recipient of the money would eventually end up with.

Similar Posts