Transfer Money to Canada

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GBP

Comparing 5 providers

Sorted by highest amount received

Real exchange rate 1 GBP = 1.8761 CAD 30-day trend · Data from Xignite.com
Live
Best options for your transfer
Excellent Best Deal
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.8630
Recipient gets
C$ 37,260 CAD
+C$489 more vs the typical bank
Go to Moneycorp ›
Very Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.8620
Recipient gets
C$ 37,240 CAD
Go to Western Union Business Solutions ›
Good
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.8610
Recipient gets
C$ 37,220 CAD
Go to World First ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.8600
Recipient gets
C$ 37,200 CAD
Go to Smart Currency Exchange ›
OK
Delivery time 1 day Pay by Bank transfer
Total cost Fee FREE Exchange rate 1.8590
Recipient gets
C$ 37,180 CAD
Go to UKForex ›
We get fees, exchange rates, and other details from money transfer providers, usually in real time. We try to keep this information accurate, but we can't guarantee it's always correct.

Questions you may have

Do I pay anything extra?
No. We may earn a commission, but you never pay more.
Is my money safe?
We only list regulated, licensed providers.
Why do rates change?
Exchange rates move constantly. We update results in real time.
What happens after I click?
You'll be redirected to the provider to complete your transfer securely.

Why Millions Use Us Before Sending Money

Regulated partners only

Real-time exchange data

Independent comparison

Best provider Moneycorp
Recipient gets C$ 37,260 CAD
Go to Moneycorp
Secure · No hidden fees

About Money Transfers to Canada

Ditch the bank & shop around when making a money transfer to Canada. Our comparison service lets you find the best and most comprehensive list of options available, customised to your individual needs and developed to guarantee you the cheapest rates when sending money to Canada. By comparing the worlds leading FCA regulated companies, we make it our mission to provide you with the best Canadian dollar exchange rates and help you save up to 85% on your international payments.

Cheaper currency deals are possible with a little shopping around. Whether you are emigrating to cultural Vancouver or planning to study in central media hub, Toronto, dont settle for the first deal you stumble across when transferring money to Canada.

Last updated: May 08, 2014 Our methodology

Quick Facts: Canada

Key information for sending money to Canada

Transfer Speed
1 working day
Local Currency
CAD
Income Tax Rate
0-50%
Avg. Property Price/m²
4,183.03 CAD
Avg. Monthly Rent (3 bed)
1,788.00 CAD
IBAN Required
No

Money Saving Tips for Canada

Expert advice for your international transfer

Consider leaving your bank account in your country of origin open for the first few months after you arrive, wait until you are familiar with your new account.

Many immigrants to Canada do not have the Canadian Credit Score record to qualify for bank financing on a home. Rent to own is therefore advisable.

To receive free public healthcare in Canada, you must have a provincial health insurance plan card. Apply for this as soon as you arrive in Canada.

If you are immigrating to Canada, take a trip prior to moving to give you the opportunity to hand out CVs or meet with employers in advance.

What You Need to Send Money to Canada

Checklist of recipient bank details required

Routing Number e.g. XXXXX-YYY
Bank routing number
SWIFT/BIC Code e.g. BANKCAXX
Bank identifier for international transfers
Account Number
Recipient's bank account number
Account Holder's Name
Full name as it appears on the bank account

Popular Banks in Canada

Royal Bank of Canada Toronto-Dominion Bank Bank of Nova Scotia Bank of Montreal Canadian Imperial Bank of Commerce National Bank of Canada

"When sending money to Canada, always compare multiple providers. The exchange rate is important, but don't forget to factor in transfer fees and delivery times. For larger amounts, even small rate differences can translate to significant savings."

— MyCurrencyTransfer Editorial Team

Frequently Asked Questions

Common questions about sending money to Canada

What is the cheapest way to send money to Canada?

The cheapest way to send money to Canada depends on your transfer amount. For larger transfers (over £1,000), specialist providers like Wise or OFX typically offer better rates than banks. Compare providers above to see which offers the best deal for your specific amount.

How long does it take to transfer money to Canada?

Most transfers to Canada are completed within 1-3 working days. Some providers offer same-day or next-day delivery for an additional fee. The exact time depends on the provider, payment method, and whether the recipient's bank processes weekend transfers.

What information do I need to send money to Canada?

You'll typically need: the recipient's full name (as it appears on their bank account), their bank account number, the bank's SWIFT/BIC code, and for some countries an IBAN. You may also need the recipient's address and the bank's name and address.

Are money transfer services safe to use?

Yes, the providers we compare are regulated by the Financial Conduct Authority (FCA) or equivalent regulators. They must keep your money in segregated accounts and follow strict anti-money laundering procedures. Always check a provider's regulatory status before sending money.

Should I use my bank to send money to Canada?

Banks are generally more expensive for international transfers due to higher exchange rate margins and fees. Specialist money transfer providers typically offer rates 2-4% better than banks. Use our comparison to see how much you could save.

How to Transfer Money to Canada

  1. Compare providers

    Use the comparison table above to find the best exchange rate and lowest fees for your transfer amount.

  2. Create an account

    Click through to your chosen provider and register for a free account. You'll need your email address and basic personal details.

  3. Verify your identity

    Upload ID documents as required (passport, driving licence, or national ID). Most providers verify within 1-2 business days.

  4. Enter recipient details

    Add your recipient's bank account details including their name, account number, and SWIFT/BIC code.

  5. Fund and track your transfer

    Pay by bank transfer or debit card, then track your money until it arrives. Most transfers complete within 1-3 working days.