Best Ways to Transfer Money to Canada from the USA
With so many money transfer services around, it can be head-scratching to choose the right one. Some have the lowest transfer fee while others are faster. While RemitLow helps you choose the best one as per your need, we have also listed it out here for a quick read. If you are in the United States and need to send money to Canada, then continue reading as we have prepared the best options for you to explore. We have shortlisted the best remittance to Canada services (based on the cost for bank transfer and cash pickup and also on the speed for a bank transfer and cash pickup) you can trust and use to transfer money from the USA to Canada. And if you have any doubt, all the services have their support services available 24/7 to assist you. Go through the below list of services and find out the one that best fits your needs. We are sure you don’t need to search any further after reading this article. Whether you need a bank transfer or a cash pickup we got you covered.
The Best Ways to Send Money to Canada
Some things you need to consider for choosing the best remittance service are the rate of transfer, the cheapest service, and the flexibility the service provides. All these factors will be important for you to compare remittance and to choose the best service to transfer money from the USA to Canada.
Small amount of Money Transfer (<$200)
Medium amount of Money Transfer (<$1000)
Large amount of Money Transfer (>$1000)
Best User Experience: Wise
Wise
The former name of Wise is TransferWise and is a very common remittance service used by many across the world. Wise has a very fast transfer service where you can be confident that your money will reach the destination in no time. If you want to send money from the USA to Canada (USD to CAD), urgently or want to make things fast, then Wise is the best option. Wise is very famous and commonly used by people to do their transactions online. They have tie-ups with many online companies and help the users to withdraw their funds to their bank accounts. With Wise, the receiver of the funds needs a bank account as you can send money only to the recipient’s bank account. All you need to do is to create an account on Wise with a few clicks, enter the recipient's bank account details and the amount of money you want to transfer, and click send. The money is on its way. This is the exact reason why many people use Wise as their first choice for sending money from the USA to Canada.
MoneyGram
MoneyGram is especially useful and convenient for cash pickups and if you want to send money from the USA to Canada (USD to CAD), as a cash pickup, then go with MoneyGram. The remittance service has many locations across the globe and is trusted and used by many loyal customers. Up to $5000, there is no fee and after that you will have to pay a fee of $5 for the transaction. There are over 350,000 MoneyGram agents across the world. All the receiver needs is an identity document as proof to show at the locations to receive money. Sending money with the service is easy. All you need to do is to sign up with MoneyGram, create an account, tell them to whom you are sending the money, how they want to receive the money, and in what method. Once you have done all this you are ready to go. At a time, you can send $10000 through the service and it is secure and safe. Make your transfer from the USA to Canada (US Dollar to Canadian Dollar) easy with MoneyGram.
Western Union
For Medium cash transfers that are below $ 2000, from the USA to Canada (USD to CAD), money transfer Western Union is the best option. Western union is a well renowned financial company and has been around for a long time. The process of sending the money is easy with Western Union. The first step is to create your profile and verify, then enter the details of the receiving person and that is it. They have both bank transfer and cash pickup facilities available. In 2020 alone there were close to 268 million transfers through the service and people all over the work use it. There is one transaction happening every 31 seconds and the company makes over $80B annually. With a customer base in over 200+ countries and territories and with a 145-year-old history, Western Union is one of the best in the industry. When sending money from the USA to Canada (US Dollar to Canadian Dollar), you can track the status in real-time and there are no worries regarding safety.
WorldRemit
For large bank transfers that are above $1000 from the USA to Canada, WorldRemit is the best option. WorldRemit is a very safe platform to transfer your funds abroad. They have a bank transfer as well as a cash pickup facility. They have a presence in over 140 countries and the money transfer rate is pretty low. If you are using a bank transfer your transaction will be done in minutes. The service uses industry-leading technology and there are no hidden costs involved. The system is very transparent and they do have an Android app and an iOS app. The customer reviews for the services are excellent and people have been sending money from the USA to Canada through the service. The company started in 2011 and since then has been making exceptional growth. The process is simple. You need to create an account, enter the transfer details, choose the amount you want to transfer, add the recipient’s details and pay your transfer. The first money transfer is free through WorldRemit and you even get a bonus for referring your friend. Worldremit is one of the best options to transfer money from the USA to Canada.
Instarem
Instarem is the cheapest for a bank transfer for amounts greater than $1000 from the USA to Canada for cheapest USD to CAD rates.. It is easy to send money through Instarem and they do have apps on the play store and app store. Simplicity is the main theme of the service and helps people to make transactions with ease and convenience. The service serves over 55 countries and makes a revenue of $4B annually. They do have a point system in which you earn Instapoints whenever you send money abroad. To date, the service has transferred money to over 5 billion people worldwide. They have a live tracking system and your money is completely safe. The company is regulated by 9 financial regulators across the world and this is a testimony to the safety of the service. The reviews they have got from the customers tell the trust they have with the service. There is an option to sign up as a business account with the service if that is what you need. Instarem is one of the best remittance services to transfer money from the USA to Canada.
Methodology
To prepare the above list, we researched several remittances to Canada services and their transfer rates, speed of transfer, amount to be received, safety, etc. We were diligent to include the best services that suit the readers and give them value. These are the best remittance services to use if you are transferring funds from the USA to Canada and want to get the best USD to CAD rates, be it a small amount or a large amount. The safety, convenience, customer reviews everything has been crosschecked and verified thoroughly.
Remittance services compared: Western Union, Xe, WorldRemit, Instarem, Remitly, Small World, PayPal, Skrill, Wise, Xoom, Ria, Transfast, Lucky Money, Placid Express, OFX, WorldFirst, Indus Fast Remit.
We took the initiative and effort to make sure that we list out the best services for different needs, be it transferring the same day or making sure to get the best remit rate for both- bank transfer and cash pickup. Sending money to Canada is easy and only a few clicks away. You can do this from the comfort of your home and in your own time. All the services mentioned above are user-friendly and easy to navigate. You will see clear-cut instructions on what to do and where to go to send money. Having read this article will help you go forward with your plan. These services are much better than banks in terms of speed and cost if you are trying to send money from the USA to Canada and want the best USD to CAD rates.