Bank transfer
Transfer money directly to your recipient’s European bank account. Enter their IBAN, SWIFT/BIC code where required and any additional payment details to complete your transfer online.
Send money to Europe from Canada with competitive exchange rates, transparent transfer costs and secure delivery to European bank accounts. Convert CAD to EUR or other supported European currencies and see how much your recipient could receive before you send.
Convert CAD to EUR, compare exchange rates, and send money online to Europe with MTFX.
Exchange rates
We use mid-market rates. This is for informational purposes only. Log in to view send rates.
Enter your CAD amount, add your recipient’s European bank details and confirm your transfer online.

Sign up for free and complete verification to start sending money to Europe.

Review your CAD to EUR rate, enter your recipient’s bank details and book your transfer.
Choose a funding method and send your money to MTFX. We'll process your transfer once funds arrive.
MTFX can process many transfers to Europe on the same or next business day after receiving your funds. The time it takes for your recipient to receive the money depends on the destination country, payment method, receiving bank, transfer verification and local banking holidays.

The best way to send money to Europe from Canada is through a trusted online money transfer provider offering competitive exchange rates, transparent fees and secure payments. With MTFX, you can compare CAD to EUR exchange rates, book your transfer online and send funds directly to your recipient’s European bank account.
Secure, FINTRAC-regulated transfers with specialist support when you need it.
Transfer money directly to your recipient’s European bank account. Enter their IBAN, SWIFT/BIC code where required and any additional payment details to complete your transfer online.
The cheapest way to send money from Canada to Europe depends on the CAD/EUR exchange rate margin, transfer fees and receiving charges.
Review your CAD to EUR exchange rate, transaction fees and total cost before confirming your transfer
Start saving todayMost MTFX transfers are processed the same day or the next business day after funds are received. Timing depends on the funding method, submission time, verification requirements, recipient bank and holidays.
Transfer timing can vary based on funding method, submission time, recipient bank and Canadian or EU bank holidays.
Send money nowFrom a single transfer to regular payments, send money to Europe from Canada with expert help when you need it and a simple process from start to finish.
"I found this website just by surfing. I found it had VERY competitive rates for Canadian to Euro exchange. I hadn't used the net for such transactions before, and I was extremely nervous. However, MTFX guided me through the process and made things extremely easy for me. They were prompt to answer the phone and reply to my emails, and their answers made sense. They even made suggestions to make things even easier.
The transaction was completed successfully. The service received exceeded my expectations! Definitely using MTFX for all such future transactions. Thank you."
MTFX is registered with FINTRAC under registration No. M08042065 and follows security measures, including identity verification, transaction monitoring, encryption and two-factor authentication, to help protect your money transfers from Canada to Europe.

Save on CAD to EUR exchange rate and transfer fees.
Sending money to Europe? A small mistake in the IBAN can delay your transfer or send it back. Double-check the recipient’s IBAN, account name and bank details before confirming your payment. An IBAN check helps make sure the account information is in the right format before your money is on its way.
Your IBAN is used only for this validation request.
Whether you are relocating, buying property or supporting family overseas, MTFX can help you send money to Europe for a range of personal and business needs.
Transfer money for deposits, property purchases, closing costs, renovations or ongoing expenses associated with a home in Europe.
Pay tuition and other education-related expenses to universities, colleges and educational institutions across supported European destinations.
Transfer funds in euros for relocation costs, rent, household expenses and other costs when moving from Canada to Europe.
From investing and importing a luxury item to paying bills and mortgage, send money to Europe with complete confidence at the best CAD to EUR exchange rates.
Explore secure money transfers from Canada to popular destinations across Europe, with competitive exchange rates and support when you need it.
Start today, and let us take the hassle out of overseas transfers.
EUROPE TRANSFER FAQS
Everything you need to know about sending money to Europe from Canada.
Open an MTFX account, enter the amount you want to send, choose the destination currency and add your recipient’s European banking information. Review your exchange rate and recipient amount, then follow the funding instructions provided in your MTFX account for the available payment method. Once the funds are received, confirm the transfer online.
The best way to send money to Europe is to compare the exchange rate, FX margin, transaction fees, delivery time, security and the amount your recipient will receive. The lowest advertised fee does not always result in the lowest overall transfer cost.
The cheapest way to send money to Europe depends on both fees and the exchange rate. Compare the total amount of foreign currency delivered to your recipient rather than looking only at a provider's transfer fee.
Yes. You can transfer money from Canada to Europe through your MTFX account without visiting a branch. Enter your transfer details, add the recipient, review the rate and confirm the transaction online.
Yes. SEPA euro payments are used to send EUR between participating banks across the Single Euro Payments Area. If your transfer is eligible, you can make a SEPA payment using the recipient’s IBAN and any required banking details, helping route the payment directly to their euro account.
Yes. You can convert CAD to EUR and send euros to supported European destinations. Since not every country in Europe uses the euro, confirm the currency required by the receiving bank account before sending and check the relevant country page for destination-specific transfer information.
You will generally need:
Exact requirements can vary by country, bank and payment route.
Many MTFX transfers can be processed on the same or next business day once funds are received. Actual delivery time depends on the currency, destination, funding method, verification requirements, recipient bank and banking holidays.
Yes. MTFX supports larger transfers for purposes such as property purchases, investments, relocation, education and business payments. The amount you can send and any additional requirements are confirmed as part of the transaction. Larger payments may require extra verification or supporting documents, so it is important to allow enough time before any payment deadline.
Not necessarily. The European Union includes countries that use currencies other than EUR, while some countries outside the EU also use or support euro payments. Confirm the recipient's country and required currency before transferring.
IBAN is widely used for European bank payments, but the exact information required depends on the destination and recipient bank. Your recipient should provide the correct banking instructions for their account.
An IBAN identifies a specific bank account, while a SWIFT/BIC code identifies the financial institution involved in the payment. International transfers may require one or both depending on the destination and payment method.
The public MTFX currency calculator can give you an indicative estimate of how much your recipient may receive based on the displayed exchange rate, but it does not determine the final cost of the transfer. Your customer quote shows the applicable exchange rate and any relevant fees for the actual transaction.
After you set up the transfer and review your quote, MTFX will provide the funding instructions available for your account and transaction. Follow those instructions carefully and send the required funds using the supported method shown before the transfer is processed.