Send Money to Canada

How to Send Money to Canada

  1. Gather the relevant banking information including the name on the recipient’s bank account, the financial institution number, the account number, and the branch transit 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 ‘finalise transaction’ to process your payment.

 

It’s easy and affordable to send money to Canada using OFX. Even if you’re not ready to transfer funds today, you can sign up now, so your account is active and ready when a great exchange rate comes up.

How to send money to Canada at a great exchange rate

When looking at exchange rates, it’s important to know that the Canadian dollar (CAD) is a commodity currency, so its exchange rate may be affected by the price of commodities like gold, forestry products, and oil. Also, because the CAD trades actively against the U.S. dollar, its value will depend upon the strength of the U.S. economy. If you want to read up on the factors that influence the value of the Canadian dollar or other currencies, head over to the Exchange Rates section of our site.