In this article, we’re exploring how you can send money from USA to Canada. This will be relevant whether you successfully applied as a foreigner and opened a US bank account from India, the UK, or you’re a US citizen and just need to transfer money abroad.
We’ll share specific options that you can choose from to send money along with the most important factors to consider for each. Plus, we’ll also answer several common questions we get about sending money from the USA to Camada.
Feel free to use the table of contents to jump ahead to the sections most relevant to you.
Table of Contents
- Send Money From USA to Canada
- How Can I Send Money From USA to Canada?
- Factors to Consider Before You Send Money to Canada From US
- Frequently Asked Questions
- Ready to Open Accounts With Banks in the USA?
Send Money From USA to Canada
Send money from the USA to Canada by using one of the four available methods. These methods include international bank transfers, international transfer services, money order services, or cross-border transfers between accounts at the same bank. Which specific option you choose will depend on your priorities, which we explore below.
How Can I Send Money From the US to Canada?
Here are the main options that most people consider when they send money from the USA to Canada. Importantly, these cross-border transfer methods also work for sending funds from the US abroad, including to the UK, India, or other jurisdictions.
These options are available regardless of the account type, as long as you have funds to transfer in your available balance at the time of scheduling the transaction.
- International bank transfer
- International transfer service
- Money order services
- Crossborder transfers at the same bank
Of course, the specific option that you choose for your transfer depends on a number of different factors. In the next section of the article, we’ll explore a few of the key factors you’ll want to consider.
Before diving in any further, if this is your first time visiting GlobalBanks, don’t forget to download your FREE US Banking Starter Guide. It’s designed to help non-residents with opening bank accounts at top financial institutions in the US.
Factors to Consider Before You Send Money to Canada From US
In this section, we’ll explore a few key factors to consider before you decide which method you will use to send money to Canada from the USA.
Can I Transfer Money to Canada from the US Online?
Yes, you can transfer money to Canada from the US online. In fact, there are a number of digital money transfer options that allow users to send money to Canada. Additionally, in most cases, these options are usually cost-effective and allow for fast transfers to Canadian bank accounts.
Can I Send USD to a Bank Account in Canada?
You can send USD to a bank account in Canada. How the USD is received into the account in Canada will depend on whether the recipient has a USD account, to which you sent funds to (certain Canadian banks offer this) or if you sent the USD to a CAD account. If you sent funds to a CAD account, the transaction will be converted to CAD and the bank’s exchange rate will be automatically applied.
How Much Money Will It Cost to Send a Money Transfer to Canada?
How much money it costs to send a money transfer to Canada depends on the method that you are using for the transfer and the total amount being sent. For example, most US banks have specific tiers that determine how much will be charged for a transfer. These tiers are often a fixed price or a percentage of the amount being sent. Also, the cost of sending money through different methods can vary widely. So, knowing which option you plan to use can dramatically impact the price you pay.
Does your Bank Have a Limit on How Much Money You Can Transfer to Canada?
Certain banks have limits on how much money account holders can transfer to Canada. That said, these limits are typically related to the account type and the account user agreement that you signed. In other words, these limits are not specific to sending money to any particular country (e.g. Canada).
Frequently Asked Questions
Below are four common questions we receive from people looking to explore options to send money from the USA to Canada. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
What Is the Cheapest Way to Send Money From US to Canada?
The cheapest way to send money from the US to Canada is usually an international transfer service or an international bank transfer. In fact, in most cases, the fees for sending funds to Canada from the US are similar. The main difference is the time it takes to arrive and the amount that you can send. For your reference, international transfer services are usually faster and international bank transfers usually do not have limits on the size of the transfer.
Can You PayPal From US to Canada?
Yes, you can PayPal from the US to Canada. In fact, in addition to sending money from USA PayPal accounts to Canada PayPal accounts, you can use PayPal’s service Xoom to send money to bank accounts in Canada.
What Is the Best Way to Transfer USD to CAD?
The best way to transfer USD to CAD depends on what you are trying to optimize for. For example, if you are trying to optimize for speed, then an international transfer service or cryptocurrency is best. Alternatively, if you are trying to optimize for security, then an international bank transfer is probably the best option. Lastly, if you are trying to optimize for flexibility in how the funds are received, you may want to consider a money order.
Does Venmo Work Between US and Canada?
No, Venmo does not work between the US and Canada. In fact, Venmo does not work between any transfers other than US-to-US transfers. The reason for this is that Venmo is a US-based service that does not incorporate transfers to foreign parties.
Ready to Open Accounts With Banks in the USA?
If so, you can get access to GlobalBanks USA (our dedicated US banking service) in just a few clicks.
GlobalBanks USA is a 100% personal account opening solution. It provides direct access to our team of US banking experts.
When you join, you receive…
+ Expert suggestions on where to open US bank accounts.
+ Step-by-step support to navigate opening US bank accounts.
+ Direct introductions to helpful and responsive bankers.
+ Plus, detailed guides to maximizing the value you get from your new US bank account.
And “yes!” GlobalBanks USA helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks USA even helps non-resident US LLCs and foreign & offshore entities.
To learn more about GlobalBanks USA, visit the product page to see how our team can help you successfully open US bank accounts!
