Money transfer services

Compare various services to send money overseas from Canada.

By   |   Verified by Nikita Sheth   |   Updated 16th April 2021

Comparing money transfer services

Wise

Wise

Minimum Transfer Amount

$1.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Send money up to 7x cheaper than banks.
  • Receive payments like a local in 10 currencies.
  • Indulge convenience by transacting thru the Wise App anytime and anywhere!
  • Your money is safe. Wise is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC).
Azimo

Azimo

Minimum Transfer Amount

$1.00

Transfer Speed

1 - 2 days

Transfer Fee

$1.99

Highlights

  • Instant or one-hour transfers possible to 80+ countries.
  • Your first two transfers are fee-free.
  • Great rates & low fees.
  • Save up to 90% compared to banks and traditional money transfer providers.
Currencies Direct

Currencies Direct

Minimum Transfer Amount

$1.00

Transfer Speed

1 day

Transfer Fee

$0.00

Highlights

  • International money transfers. Use Spot Contracts to transfer funds as quickly as possible. Existing Currencies Direct exchange rates apply. No transfer fees apply.
  • Multiple currency wallets. Carry balances in your account in multiple currencies.
  • Forward contracts. This allows you to lock existing rates for up to one year by paying a small deposit.
OFX

OFX

Minimum Transfer Amount

$250.00

Transfer Speed

1 - 2 days

Transfer Fee

$0.00

Highlights

  • Enjoy better rates and fees.
  • Transfers to most countries take 1-2 business days. Track your transfer online or with the OFX mobile app.
  • With support staff that are located in Canada, Australia, USA, UK, New Zealand, Hong Kong and Singapore.
Remitly

Remitly

Minimum Transfer Amount

$10.00

Transfer Speed

Within an hour

Transfer Fee

$2.99

Highlights

  • Enjoy great exchange rates and low fees.
  • Every transfer carries a delivery promise. Have your money delivered on time or get your money back.
  • Safety and security. Remitly uses industry-standard security protocols and encryption.
WorldRemit

WorldRemit

Minimum Transfer Amount

$1.00

Transfer Speed

Within an hour

Transfer Fee

$0.00

Highlights

  • Send 70 currencies to 130 countries, from your smartphone or computer.
  • WorldRemit uses industry-leading technology that protects your money and guarantees it arrives safely every time.
  • See WorldRemit's low fees and their best exchange rates upfront, with no hidden costs