Best Way To Send Money to Canada

Ogvio is still in development, but it has already drawn attention as a new take on global remittances.

The soon-to-be-launched platform is designed around three key priorities: instant transfers, minimal fees, and a design that strips away complexity. Such a combination could make it a natural choice for anyone searching for the best way to send money to Canada from US or other major corridors.

Most transfers within Ogvio will be 100% free, while external payments are expected to stay among the lowest in the market. Currency conversions will be displayed upfront with no hidden markups, providing users with complete transparency over every transaction.

Even better, receiving money on Ogvio will come at no cost at all. Families supporting loved ones in Toronto or students paying tuition from abroad could save significantly over time through this model.

Security is also where Ogvio truly goes the extra mile. Every wallet will be protected by AES-256 encryption and biometric authentication, giving users full control over access.

Transactions will be executed through smart contract technology, keeping the process transparent and secure on-chain. The non-custodial setup means no bank, no third party, and not even Ogvio can touch your money - only you hold the keys!

That also means zero reliance on intermediaries and no downtime. Each transaction will be processed instantly on-chain to ensure funds are safe, private, and always accessible. Your wallet remains yours, protected under on-chain security that most traditional services can’t replicate.

Just as important, Ogvio aims to remove the frustration of long account numbers. With personal @Tags, payments can be sent as easily as sending a message.

Additionally, the platform will hold user funds in either USD or EUR. This will allow you to “freeze” the value of your money in stable, less inflation-prone currencies.

Here’s a closer look at Ogvio before its official launch:

Supported countries and currencies	160+ countries and 40+ currencies
Transfer fees	✓ Free transfers between Ogvio users ✓ Zero fees on crypto trades
Transfer limits	None
Transfer speed	Nearly instant (domestic and international)
Platform availability	Browser-based, mobile app coming soon
Additional features	✓ Crypto support ✓ Easy transfers via @Tags ✓ Custom payment links for quick requests

Table: Overview of Ogvio’s features

The table outlines the essentials, but Ogvio’s design hints at something broader. Students abroad could request funds with a simple tag, while workers in Canada could send money home instantly without having to navigate long forms. Even businesses may find value in its free internal transfers and transparent external fees.

With 434 million active users as of December 2024, PayPal is one of the longest-running names in digital payments. And its money transfer system has become almost as familiar as its checkout button.

The platform operates in more than 200 countries and regions. So, sending money to Canada from the UK or nearly any other corridor is possible with just an email, phone number, or QR code.

PayPal also offers features that go past basic money transfers. Direct Deposit lets users receive paychecks or government payments directly into their PayPal balance, sometimes up to two days early. Users can also cash checks directly within the app by uploading a photo of a signed check.

The fee structure, however, is where users need to keep a closer eye. Domestic personal transfers often come without charges, provided no currency conversion is required.

However, international transfers can incur costs of up to 5% of the transaction amount, plus conversion spreads, and card-funded payments may also incur an additional fixed fee. If you send money abroad regularly, these costs can add up quickly, especially when compared to newer transfer services.

Let’s take a more detailed look at the platform’s features:

Supported countries and currencies	160 countries; currency support varies by location
Transfer fees	✓ Domestic personal transfers: Free if no currency conversion ✓ International transfers: Up to 5% + conversion spread ✓ Card payments: Additional fixed fee
Transfer limits	Up to $4,000 (unverified); up to $60,000 (verified)
Transfer speed	1 to 3 business days
Platform availability	Web browser, Android, iOS
Additional features	✓ Direct Deposit ✓ Cash a Check ✓ Real-time transaction tracker ✓ Crypto support

Table: Overview of PayPal’s features

With its global reach, robust security, and versatility, PayPal remains one of the most widely used apps for cross-border money transfers. Its balance of accessibility and functionality makes it a worthwhile option when deciding how to send money to Canada.

Wise began in London back in 2011 and has grown into a global transfer service licensed in over 65 jurisdictions. That coverage includes Canada, where strict oversight adds reassurance to anyone sending regular support to relatives or managing freelance payments across borders.

Security has also been given significant attention. Customer funds remain separate from Wise’s own accounts, and the platform carries certifications such as SOC 1 and 2, PCI-DSS, and ISO/IEC 27001. Additional measures, such as two-factor authentication, biometric logins, and encryption, strengthen trust for both senders abroad and recipients in Canada.

The way Wise approaches pricing is equally notable. Fees start at 0.33% depending on the route, and the system shows the exact cost before you confirm. Conversions are performed using the mid-market exchange rate, which is the same rate banks use when exchanging currencies among themselves.

Here’s a quick glance at Wise’s features and structure:

Supported countries and currencies	160+ countries and 40+ currencies
Transfer fees	✓ Free transfers between Wise users if using the same currency ✓ Starting from 0.33% (depends on the currency)
Transfer limits	Differ by currency pair and funding method
Transfer speed	Instant to 1–2 business days
Platform availability	Web browser, Android, iOS
Additional features	✓ Exchange rates tracker ✓ Process up to 1,000 payouts in one batch by uploading one CSV file ✓ Tiered discounts on transfers over 20,000 GBP (or equivalent)

Table: Overview of Wise’s features

Consistency appeals to frequent senders, and small businesses consider Wise as a highly cost-effective solution for sending money to Canada. Transfers exceeding 20,000 GBP or the equivalent are eligible for monthly tiered discounts that reduce fees over time.

Krak brings a familiar name into a fresh context. Built by Kraken, one of the most trusted crypto exchanges, Krak steps into the global payment scene with a focus on instant transfers and transparent fees. It combines fiat, stablecoins, and crypto under one app, giving users the freedom to send, hold, and convert in seconds.

In practical terms, Krak could be the best way to send money to Canada for anyone who values instant payments and clear pricing. Kraken co-CEO Arjun Sethi captured this vision, saying:

We built and launched the Krak app because the financial system has been stuck in the past, and we think it’s time to do something about it.

The app reflects that belief in every detail. Transfers between Krak users typically arrive within seconds, while transfers via other payment routes depend on local processing networks. The experience feels fluid, with personal Kraktags that replace long account numbers and make payments feel as natural as sending a message.

Security remains a strong focus under Kraken’s supervision. Funds are protected with advanced encryption and user authentication, backed by Kraken’s transparent Proof of Reserves framework. Those who want extra perks can also earn daily crypto rewards through the KrakBack program each time they complete a transfer.

Here’s how Krak compares:

Supported countries and currencies	160 countries & 300+ fiat and digital currencies
Transfer fees	✓ Free internal transfers ✓ No fees for crypto trades
Transfer limits	Weekly send limit: $15,000 total for fiat and crypto
Transfer speed	Usually in seconds
Platform availability	Android, iOS
Additional features	✓ Crypto support ✓ Easy transfers using @Kraktags ✓ Daily crypto rewards (KrakBacks) ✓ Referral program

Table: Overview of Krak’s features

All things considered, Krak is designed for convenience and speed. Between the transparent fee structure, instant transfers, and simple @Kraktags system, the app looks ready to streamline how people move money globally.

Remitly takes a direct approach to money transfers, built around two simple choices: faster delivery or affordability.

Users can choose “Express” for near-instant delivery or “Economy” for lower costs, depending on how quickly funds need to arrive. Every transaction displays the fee, exchange rate, and estimated arrival time upfront, ensuring clarity before a payment is confirmed.

As a result, the app has become a familiar name among those learning how to send money from the US to Canada or other major remittance routes. With coverage extending to more than 170 countries and over 100 currencies, Remitly connects people across a wide range of destinations.

The platform also supports multiple payment and delivery methods, including bank accounts, debit cards, and even cash pickup in select regions. Such a range provides both senders and recipients with flexibility across various situations.

Let’s take a look at its offerings:

Supported countries and currencies	170 countries and 100+ currencies
Transfer fees	Vary by amount, payment method, and delivery option
Transfer limits	Up to 100,000 USD/transaction
Transfer speed	Nearly instant for Express; 3–5 business days for Economy
Bank partners in Canada	HSBC, CIBC, RBC Royal Bank, The National Bank of Canada, and more
Platform availability	Web browser, Android, iOS
Additional features	✓ Delivery time guarantee ✓ Business accounts

Table: Overview of Remitly’s features

People who seek quick transfers or accessible cash pickups might consider Remitly as one of the best ways to send money to Canada and other destinations. With its combination of speed, methods, and clear pricing, the app fits both first-time senders and regular remittance users who value a dependable service.

Payoneer facilitates international payments across more than 200 countries, including Canada. Many users view it as one of the best ways to send money to Canada due to its extensive coverage, quick processing, and business-friendly structure.

A practical edge lies in its “receiving accounts”. These virtual bank accounts generate local payment details in major currencies, including USD, EUR, GBP, and CAD. Clients or business partners in Canada can then send funds as if it were a domestic transaction.

Payoneer also connects directly with global marketplaces and freelance platforms. Amazon, Upwork, Fiverr, and Airbnb payouts can be deposited directly into your Payoneer balance, eliminating the need for intermediaries.

The said feature streamlines workflow and makes it easier for professionals who regularly receive international payments to manage cash flow in one place. Once the balance is funded, users can send payments to Canada instantly or use the same funds to pay suppliers or contractors in other regions.

To see where Payoneer fits among today’s top transfer options, here’s a quick recap:

Supported countries	190+ countries
Supported currencies	70+ currencies
Transfer fees	Up to 1% fee for international payments (minimum $4)
Transfer limits	15,000 USD/GBP/EUR per transaction
Transfer speed	1 to 3 business days
Platform availability	Web browser, Android, iOS
Additional features	✓ Free invoice builder ✓ Integrated with 2,000+ platforms and marketplaces ✓ Send mass payouts through API

Table: Overview of Payoneer’s features

Payoneer ties its system together with a dashboard that keeps everything in view. Every transaction, fee, and balance is displayed clearly, making it easy to manage payments without confusion. The built-in invoicing tool and mass payout function extend that control, streamlining both one-time and recurring transfers for professionals who value efficiency.

Western Union has been one of the leading players in the money transfer industry for decades, renowned for its worldwide accessibility and trusted service.

The brand’s long presence in financial services reinforces its trustworthiness. Security measures include identity verification, encryption, and in-person ID checks for cash pickups. In addition, real-time tracking through the MTCN code helps users monitor transfers until completion.

Western Union’s digital platform, WU.com, launched in India on October 25, 2019, through a partnership with Yes Bank. It allows users to send money from India to Canada and many other countries with quick online verification, eliminating the need for in-person checks.

Western Union’s costs depend on several factors, including destination, funding method, and payout type. Fees and exchange rate markups are clearly visible before payment, giving senders a clear view of total costs. However, fees are often higher compared to other money transfer services.

Let’s see the features Western Union has to offer:

Supported countries and currencies	200+ countries and 130+ currencies
Transfer fees	Zero transfer fee on bank transfers over $200
Transfer limits	Up to $5,000/transaction
Transfer speed	Cash pickups ready in minutes; bank deposits processed in 1–5 business days
Bank partners in Canada	Scotiabank, The Toronto-Dominion Bank, Bank of Montreal, and more
Platform availability	WU.com, Android, iOS, or offline at Western Union agent locations
Additional features	✓ Crypto support ✓ Western Union Rewards program ✓ Set up transfers in advance for special occasions ✓ Real-time tracking using the MTCN code

Table: Overview of Western Union’s features

All in all, Western Union suits those who prefer an established network for sending money globally. Its mix of digital and in-person services ensures convenience for both city residents and those in rural regions.

MoneyGram has decades of experience in global money transfers, connecting senders and receivers through both digital channels and an extensive in-person network.

It supports multiple routes, including those used to send money to Canada from the UK, with options to transfer directly to bank accounts, mobile wallets, or for cash pickup at agent locations across Canada.

The MoneyGram app allows users to estimate fees, track transfers in real-time, and select between speed and cost. Card-funded transfers for cash pickup can arrive within minutes, while bank and wallet transfers take longer (depending on local partners).

Security is handled through ID verification, encrypted connections, and agent-level checks to confirm the authenticity of pickups. MoneyGram is licensed and regulated in the regions where it operates, including the UK, US, and EEA. Its long operational history continues to build confidence among users who value compliance and protection.

Here are MoneyGram’s key features in a table:

Supported countries	200+ countries supported, 470K+ pickup locations
Supported currencies	135+ currencies
Transfer fees	Vary by transfer route, amount, and method used (with exchange rate markup)
Transfer limits	Depending on regulations and transaction details, such as the receiving countries
Transfer speed	Minutes for cash pickups; hours to days for bank deposits
Bank partners in Canada	Peoples Bank of Canada, Rogers Bank, The Toronto-Dominion Bank, UBS Canada, and more
Platform availability	Web browser, Android, iOS, or offline at MoneyGram agent locations
Additional features	✓ Crypto support via MoneyGram Wallet ✓ MoneyGram Plus Rewards program ✓ Schedule payments

Table: Overview of MoneyGram’s features

With perks like Plus Rewards and the Send Again shortcut, repeat transfers feel effortless. It’s a reminder that MoneyGram’s strength lies in its consistency and reach, especially for those who value reliability in every transaction.