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USD/CAD Remittance Guide
US Dollar (USD) → Canadian Dollar (CAD) Complete Transfer Guide
Corridor Overview
US-Canada corridor for cross-border work, study, property and family support. The two economies and labour markets are closely integrated, keeping this among the busiest corridors.
Recommended Platforms
Top Pick
Wise Visit →
Fees ~0.4–1% fee, transparent exchange rate
Transfer Speed 1–2 business days
Min. Amount USD 1
Best For Personal transfers, transparent rates
Revolut Visit →
Fees Free during market hours on weekdays (capped); +1% on weekends
Transfer Speed Instant to 1 business day
Min. Amount USD 1
Best For Small frequent transfers
XE Money Transfer Visit →
Fees No fixed fee; profit from spread
Transfer Speed 1–3 business days
Min. Amount USD 10
Best For Large business transfers
SWIFT Bank Transfer Visit →
Fees Bank fee USD 15–50; correspondent banks may deduct additional fees
Transfer Speed 3–5 business days
Min. Amount USD 1
Best For Large formal transfers, business use
Practical Tips
- Bank wires between the two countries carry high fees and often convert at an unfavourable in-house rate. Dedicated transfer platforms usually quote the mid-market rate plus a visible fee, which matters most on larger amounts.
Key Regulations
- Money services businesses are supervised by FINTRAC in Canada and registered with FinCEN in the US. Carrying or sending CAD 10,000 or more into or out of Canada must be reported to the Canada Border Services Agency.
Important Notice
Exchange rates above are reference values (last synced 2026-08-25). Actual rates are determined by the market and change constantly. Fee data is sourced from public information; confirm current charges on each platform. This page does not constitute investment or financial advice.
Data reference: 2026-08