"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."
Send money to Portugal from Canada
Send money to Portugal from Canada with competitive CAD to EUR exchange rates, clear transfer costs and secure delivery to Portuguese bank accounts. Convert Canadian dollars to euros and check the estimated amount your recipient could receive before completing your transfer.
Live CAD to EUR Exchange Rate Calculator
Convert CAD to EUR , compare exchange rates, and transfer money online to Portugal with MTFX.
Exchange rates
We use mid-market rates. This is for informational purposes only. Log in to view send rates.
Make every euro count when sending money to Portugal
Why Canadians choose MTFX to send money to Portugal
Whether you’re sending a one-off payment or managing regular transfers, MTFX helps you send money from Canada to Portugal with competitive CAD to EUR rates, clear costs and support when you need it.
30+ years of FX experience
Helping Canadians send money to Portugal since 1996.
FINTRAC-regulated
Regulated by FINTRAC for secure international money transfers.
Personalized support from FX specialists
Get help from an experienced FX specialist.
Fast and secure EUR transfers
Send money to Portugal within one to two business days.
What customers say about MTFX
See why customers choose MTFX for secure money transfers to Portugal and CAD to EUR conversions at bank-beating rates.
Customers served
and growing every day
Years of experience
in global payments
Across the global
Across the global
Currencies supported
For international payments
Your next transfer to Portugal starts here
Save on CAD to EUR exchange rate and transaction fees.
How to transfer money from Canada to Portugal in 3 steps
Enter the amount you want to send in CAD, add your recipient’s Portuguese bank details and confirm your transfer.

Create and verify your account
Set up your MTFX account and complete verification so you can prepare your transfer to Portugal.

Get a quote and book your transfer
Request a CAD to EUR quote, review the rate and add your recipient’s bank details before confirming the transfer.

Fund and send your transfer
Fund the transaction using an available payment method and the money will be sent to your recipient in Portugal.
How to fund your MTFX account
After arranging your transfer to Portugal, send the required funds to MTFX using the funding option available for your transaction. The right method can depend on the amount being sent and how you prefer to move money from your Canadian bank account.
Interac e-Transfer
Use Interac e-Transfer to send funds from your Canadian bank account through online or mobile banking where this option is available for your transfer.
Bill Payment
You can add MTFX as a bill payee in your Canadian online banking and submit the transfer amount through your bank’s bill payment service.
Wire Transfer
For higher-value transfers, you can fund the transaction by wire. Use the payment instructions provided by MTFX and send the funds directly from your Canadian bank account.
Check the IBAN before you send money to Portugal
Before sending money to Portugal, review the recipient’s IBAN and account details carefully. Incorrect or incomplete information can cause delays or lead to the transfer being returned. Checking the IBAN format in advance helps reduce errors and gives you greater confidence that your euro payment is set up correctly.
Your IBAN is used only for this validation request.
Cheapest way to send money to Portugal from Canada
The cheapest way to send money from Canada to Portugal depends on the CAD to EUR exchange rate margin, transfer fees and any charges applied by intermediary or receiving banks.
- Up to 4% better EUR rates than your bank
- Low or no transaction fees
- Transparent pricing with no hidden costs
- Cost-effective EUR transfers since 1996
Review your CAD to EUR exchange rate, transaction fees and total cost before confirming your transfer
Is it safe to send money from Canada to Portugal with MTFX?
Yes. MTFX is registered with FINTRAC and applies multiple security controls to help protect your account, personal information and international money transfers.

FINTRAC-regulated
MTFX is registered and regulated by FINTRAC under registration No. M08042065 and complies with applicable Canadian anti-money laundering requirements.
Bank-grade encryption
Sensitive account and transfer information is protected using encryption designed to reduce the risk of unauthorized access.
AML & KYC compliance
MTFX uses KYC and AML procedures to verify customers, review transfer activity and confirm the source of funds where required.
Added account protection with 2FA
Two-factor authentication adds another security step at sign-in, helping protect your account even if your password is compromised.
Common reasons Canadians send money to Portugal
From relocating and buying property to supporting family or managing business payments, MTFX can help you send money to Portugal from Canada for a range of personal and commercial needs.
Buying property in Portugal
Transfer money to Portugal for property deposits, purchase costs, mortgage, renovations and other expenses related to buying or maintaining a home.
Paying tuition fees in Portugal
Send money to universities, colleges and other educational institutions in Portugal for tuition fees and other education-related costs.
Moving or living in Portugal
Cover relocation expenses, rent, household costs and everyday payments when moving from Canada to Portugal or living there long term.
EUR cross-border transfers
From investments and recurring expenses to larger one-off payments, transfer money to a Portugal bank account with competitive CAD to EUR rates.
Looking to send money to another country in Europe?
Explore secure money transfers from Canada to popular destinations across Europe, with competitive exchange rates and support when you need it.





