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There are several ways to transfer money from Canada to the US. The best option comes with affordable rates and lower transfer fees.
Whether your business needs to purchase goods or services, or for some other reason, you need an affordable and convenient way to send money to the United States. This is where foreign exchange and global payments specialists like MTFX come in.
Unlike banks that typically charge expensive rates and fees, MTFX is kinder to your business's bottom line. Many Canadian companies are increasingly discovering and relying on foreign exchange and global payments specialists like MTFX when transferring funds to the USA.
Transferring funds from Canada to the US can be done in a few different ways. The most common methods are using an online money transfer service, or using a bank. Here is a step-by-step guide on how to transfer money from Canada to the US:
If you’re sending funds to the USA (or anywhere else), you want the gap between what you send and what your beneficiary receives to be as small as possible.
Unfortunately, this won’t happen if you use a bank or traditional financial institution to move funds. Banks offer unfavorable exchange rates, and you also need a bigger budget to cover the expensive international bank transfer fees.
The good news is there’s a simple and cheapest way to send money from Canada to the US.
However, it has never been easier with a quick sign-up process, competitive currency rates, fast transfers, and the best-in-class technology to facilitate smooth payments. Besides skipping the uneconomical transfer fees charged by banks, you also get personalized guidance to help you move your funds to the correct destination.
Knowing where to look for the best place to exchange currency is key to doing business globally. You have two main options when it comes to exchanging currency: your bank or global payment specialists, like MTFX.
While your bank may seem like an obvious place to start, they don’t always offer the best exchange rates available and can charge transfer fees of up to CAD 150.00 per transaction, which quickly adds up if you need to make transfers often.
In a nutshell, here’s what you need to know about the best way to send money from Canada to the United States:
Both companies and individuals can use MTFX to transfer money to the USA.
When sending money to the United States from Canada, you will need:
You can set up regular money transfers to the United States as soon as you have a registered MFTX business account. The MTFX platform leverages automation technologies to streamline your payments. It’s accessible anytime, anywhere, and all your transactions are processed securely and quickly.
Whatever your reason for wanting to transfer money to the United States from Canada, you could save with MTFX.
How efficient is it? Turnaround is fast, and you can set up US dollar transfers for supplier payments, purchase of goods, property purchases, monthly mortgage payments, and even US dollar tuition payments for those studying in the United States.
What help do I get? You also get free expert guidance from a personal account manager all the way through the process.
How secure is it? A secure online platform is available 24/7, meaning you can send payments whenever you need to.
Register with MTFX online today for your business account. Start sending money to the United States at the cheapest exchange rates with the highest convenience.
Sending money from Canada to the United States has gotten easier in recent years. Here's a look at some of the most popular ways to send money to the USA from Canada.
It depends on the method you choose to send funds. However, if you send money with a service like MTFX, it typically takes 1-2 business days for the funds to arrive in the recipient's account.
With MTFX, you can send money abroad for as low as $15 in transfer fees. Transactions over $10,000 are subject to no additional fees, making us far more affordable than the bank's charges of up to $50 for the same service.
Yes, with MTFX, you can be sure that your money transfers to the USA online are secure. They are officially registered and regulated by FINTRAC, ensuring safety and security.
Popular Countries to send money to from Canada;
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