|Minimum Age||18 years|
You can complete a transfer company's online form to get a personalised quote, as they do not usually advertise their exchange rates.
You get a quote by email after you complete their form, which includes:
The amount you want to send
The exchange rate, and the amount your transfer converts into
The cost of any transfer fees
Get quotes from as many different transfer companies as possible to help you find the best transfer deal.
Ask each company if they offer better exchange rates if you send over a certain amount, for example, you may get a higher rate if you send over £5,000.
Depending on the company you choose, you can transfer money to Canada in up to three different ways:
Over the phone
In a branch
Use this comparison to find a company that offers the transfer method you prefer.
Money transfers usually take three to five working days, but some companies offer a faster service for an extra fee.
Yes, most transfer companies calculate their costs into the exchange rate they offer you.
The main cost is commission, which covers the administrative costs of sending your money abroad.
Sending money to Canada from the UK through an international money transfer service is usually cheaper than sending money through your bank.
You could use an international money transfer for the following reasons:
To buy a property in Canada
To pay for your child's education if they study in Canada
To transfer your pension to a Canadian pension company
If you need to make several transfers to the same account, this comparison shows which companies offer a regular transfer facility, which could offer you cheaper rates.
Most take three to five working days, although they can take up to two weeks. Check with the transfer company before you send your money.
They deduct their costs from the interbank rate (the rate banks use to exchange currencies with one another) to give you a personalised rate.
Some transfer companies only let you send money to an account in your own name. Check this before sending your money to avoid any delays.
Yes, your money is kept separate to a transfer company's operational money, meaning you have a better chance of getting your money back if they go bust.
We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.
You do not pay any extra and the deal you get is not affected.