Best Way to Transfer Money to Europe From Canada

Best Way to Transfer Money to Europe From Canada
Last Updated: 14 May 2023

MTFX offers quick, secure, and cost-effective online transfer options when sending money to Europe from Canada.

Are you looking to transfer money from Canada to Europe? Europe is a popular destination for international money transfers as many people in Canada want to fund business operations, education, weddings, and property purchases abroad.

Whatever your reason for moving money to Europe, it’s important to find a provider that offers competitive exchange rates and low transfer fees. In addition to low-cost transfers, you benefit more from quick, secure, and hassle-free transfers.

Read on to learn about your options and how MTFX can help.

What’s the Best Way to Transfer Money from Canada to Europe?

Chances are you have made domestic transfers using your bank. Hence, you may be tempted to also use your bank for international money transfers. However, cross-border payments via your bank often incur huge fees from exchange rate markups and hidden charges.

This is in stark contrast to the competitive rates and low transfer fees you get when using a specialist foreign exchange service. An online currency foreign exchange service can be the cheapest way to transfer money from Canada to Europe because they handle transfers in large amounts to reduce costs.

Since you’re dealing with experts, you also get additional value from access to personalized guidance and specialist tools. This helps you understand and track foreign exchange market movements and manage your international money transfers with ease 24/7.

When you compare the best ways to transfer money to Europe, the right option should help you save money and time. Value-added services not only enhance the quality of your international payments experience but also help you make the most of your money.

How Much Does a Money Transfer from Canada to Europe Cost?

Finding the cheapest way to transfer money to Europe is essential because hundreds or thousands of dollars are at stake. Banks and other providers typically divide the cost of international transfers into two parts.

You pay a transaction fee plus a foreign exchange markup that’s usually hidden. But, when you use MTFX, you can enjoy cheap money transfers to Europe with low fees and real exchange rates.

Worried about exchange rate fluctuations? These can impact the value of your money if the Canadian dollar weakens, meaning your recipient gets less or you pay more.

Luckily, MTFX offers currency risk management tools, like forward contracts, which enable you to fix a desirable exchange rate for a long time (this may require a deposit).

How to Transfer Money to Europe in Three Steps?

Here’s how to transfer money from Canada to Europe in 3 easy steps.

Step 1: Create an Account for Free

It takes less than five months to open a free account with MTFX. You can add funds via bill payment or bank transfer and monitor exchange rates 24/7.

Step 2: Secure a Great Rate

With MTFX, you always get the mid-market exchange rate, which is the real rate. We are also transparent about our fees, which are low.

Step 3: Make your Payment

Finalize your money transfer to Europe and leave MTFX to do the rest.


How Long Does a Money Transfer from Canada to Europe Take?

In a world without borders, moving money from Canada to Europe should be fast and seamless. With MTFX’s specialist services and your online account, overseas money transfers to Europe from Canada usually take 24-48 hours to arrive.

Express payments arrive on the same day. The good news is you can track the status of your transfer online when you send money to a European bank account.

Is it Safe to Transfer Money to Europe Online?

When transferring money to Europe from Canada, you can rest assured that your money is in safe hands. You can transact confidently via our secure online platform and enjoy the transparency of managing international money transfers on your own.

MTFX is regulated by FINTRAC and has developed a reputation as a reliable and trusted FX specialist over 25 years.

Transfer Money from Canada to Europe Today

Individuals and businesses can rely on currency specialist MTFX for fast, secure, and money-saving international transfers, whether you want to send money to France, Germany, Poland, or anywhere in Europe. You'll have access to expert guidance and tools, giving you the support you need to make the most of your money.

Sign up today to transfer money to Europe at competitive exchange rates and low transfer fees. Enjoy the speed and convenience of your very own online MTFX account.

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