Send Money to the US

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The amounts above are calculated using the Market (Interbank) rate. Unfortunately, OFX is unable to facilitate international money transfers from {{base}} to {{term}}.
 
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How to send money to the U.S.

  1. Gather the relevant banking information of your recipient including the name on the account, the routing number and bank account number.

  2. Create a free online account with OFX, or login to get a live quote for your money transfer.

  3. Enter your details and those of your recipient.

  4. Choose ‘finalize transaction’ to process your payment.

 

Need to send ­­­­­ money to the US? If so, you’ve come to the leading website for exchanging your Canadian Dollars to US Dollars. Whether you need to transfer funds to California, Texas, New York Florida Illinois, New Jersey, Virginia, Georgia, Michigan or North Carolina, OFX is likely the best way to send money to the USA. Headquartered in Toronto, with offices around the world, we provide 24 hour access to a highly skilled forex team.


When sending money to the U.S., keep in mind that different tax regulations may apply depending on many factors including:

 

  • how the money is going to be used

  • how much you are sending

  • the source of the funds

  • if the money has been taxed elsewhere

 

For example, for tax purposes, supporting family members by paying for living expenses is usually considered different from sending large sums as a gift.

US Money Transfers - FAQs

How quickly can OFX transfer money to your US bank account?

Generally speaking, you can expect your funds to arrive  in 3-4 days: 2 days for your Canadian bank to Bill Pay or wire us the money and 1-2 days for CanadianForex to convert your Canadian Dollars into US Dollars and transfer to your US bank account (via SWIFT) for final settlement.

Is there any limit on how much money you can send to the US?

Absolutely not. In fact the more money you send, the better the exchange rate we can give you. However, in order to give you the best exchange rate we do require a minimum of $200 be transferred.

How much does OFX charge to send money to US bank accounts?

The most we charge is just $15 for sending Canadian Dollars to the US. If you send more than $10,000 to the US, we waive the fees altogether. Our customers’ real savings come from our highly competitive exchange rates.  Compare our great exchange rates to your bank and see how hard they are to beat.

Can you send money from your US bank account to Canada?

It depends on where your permanent residence is. If you live in Canada, then yes you can send money from the US to your Canadian bank account. If you live in the US, you’ll need to need to use our US branch.

How can OFX help me manage CAD/USD exchange rate movements?

We offer Limit Orders to help our customers lock in a desired exchange rate and Forward Contracts to freeze a current exchange rate for future use. You won't typically realize the full potential of Limit Orders and Forwards until you send upwards of $30,000, the minimum for using our Forwards or Limit Orders. 

Which banks in the US do you transfer money to?

OFX can transfer funds to any bank in the United States, including, but not limited to:

  • JP Morgan
  • Chase Bank of America
  • Citigroup
  • Wells Fargo
  • Bank of NY Mellon
  • US Bank
  • HSBC
  •  PNC Bank
  • Capital One
  • TD Bank

The OFX-factor:

You can reach our dedicated customer service agents 24/7 (including weekends and most holidays). When others are closed, we’re open. Need a quote? Need it ASAP? Need to talk to someone about your mother? We’re here for you.

 

When you use OFX, you’ll get fast, efficient service, and we’ll keep you informed of where your money is along the way. For all your overseas payments, OFX is simply smarter.