Send money from
CAD to USD.
Looking for the cheapest way to send Canadian Dollar (CAD) to US Dollar (USD)? CheaperSend compares real-time exchange rates and fees from 3 providers to help you find the best deal.
Real-time Rates for 1000 CAD
Why compare?
Exchange rates and fees vary significantly between money transfer providers. On a typical transfer from CAD to USD, the difference between the cheapest and most expensive provider can be 3-5% of your total amount. Banks often hide fees in the "exchange rate spread" - the difference between the real rate and what they offer you. Always check the total cost (fees + exchange rate margin) before sending.
Top Providers
Based on our real-time data, top providers for CAD to USD transfers often include Instarem, Remitly, Wise. Each provider has different strengths.
Frequently Asked Questions
What is the best way to send money from CAD to USD?
The "best" way depends on your needs. For cost, digital providers like Wise or Remitly often beat banks. For speed, services like Western Union or MoneyGram are fastest but often more expensive. For large amounts, specialized brokers like OFX or Xe may offer better personalized rates.
How much does it cost to transfer CAD to USD?
Costs vary by provider. specialized services typically charge a small upfront fee (e.g. $5) and a small markup on the exchange rate (0.5-1%). Traditional banks may charge higher wire fees ($25-50) plus a significantly higher exchange rate markup (3-5%).
How long does a CAD to USD transfer take?
Digital wallet transfers can be instant. Bank-to-bank international transfers typically take 1-4 business days to clear, depending on the banking infrastructure of the destination country.
Is it safe to send money from CAD to USD online?
Yes, provided you use a regulated institution. Look for providers regulated by authorities like the FCA (UK), FinCEN (US), or ASIC (Australia). All providers listed on CheaperSend are fully regulated financial institutions.
Can I send CAD to a bank account in US Dollar?
Yes, most major money transfer services allow direct-to-bank deposits. You will typically need the recipient's full name, bank account number, and the appropriate bank code (like SWIFT/BIC, IBAN, or local routing number).