If you live in the US and want to transfer money to Canada, or send money to relatives in Canada, let us show you how. There are various simple and productive ways of transfer international money.
5 Best way to send money from US to Canada
Using TransferWise Online web service :
A financial technology startup called TransferWise provides online money transfer services. The business uses a peer-to-peer model to make transfers possible. TransferWise matches customers who want to send money with those who want to send it in the other direction. The money is then moved locally, saving on expensive international bank transactions. For its services, TransferWise charges a minimal fee, which is often far less than what banks charge for cross-border transactions.
With operations in more than 70 nations, TransferWise facilitates transactions in more than 60 different currencies. Customers can use it to send money to bank accounts or mobile wallets, as well as to pay companies and other people. Additionally, the business provides borderless accounts, allowing users to hold and manage funds in many currencies and streamlining cross-border transactions. Millions of people have joined TransferWise since it was founded as a result of its growing popularity.
Wise Online web service : send money from US to Canada
With the help of Wise, formerly known as TransferWise, people and businesses may send and receive money globally for a reasonable fee. Wise uses a peer-to-peer system to exchange currencies, which reduces the costs associated with traditional bank transfers. Without any markups or hidden fees, they exchange the sender’s funds into the recipient’s currency at the true exchange rate.
The process of using Wise is simple. Users can sign up for an account online or through the mobile app and provide their personal information to verify their identity. Once the account is set up, they can add money to it through various payment methods, such as bank transfers or debit/credit cards.
Xe Money Transfer : send money from US to Canada
An internet service called Xe Money Transfer makes it possible for people and organizations to transmit money internationally swiftly and securely. It is a component of Euronet Worldwide, a major international supplier of solutions for transaction processing and electronic payments.
The service provides fast transfers, typically within 1-4 business days, and supports over 130 currencies.
For individuals wishing to transfer money worldwide, Xe Money Transfer is a desirable alternative due to its reasonable exchange rates and low fees.
OFX : send money from US to Canada
OFX is a global money transfer and remittance company that offers people and companies all over the world online services for making foreign payments. The business was established in Sydney, Australia, in 1998, and since then has grown to include offices there as well as in the US, Canada, the UK, and Hong Kong.
WorldRemit : send money from US to Canada
A global online money transfer business called WorldRemit enables users to send money to friends and family members in more than 150 different countries.
A simple and safe platform for sending money abroad is offered by WorldRemit. Without going to a physical place, users can transfer money using their smartphones, PCs, or tablets. Money can be transmitted through the service straight to bank accounts, mobile wallets, or for cash pickup at predetermined locations.