Are you looking for various ways to send money from the USA to Canada? If you are then you are in the right place. Sending money from one continent to another can be a real pain if you don’t know how to go about it. Trust me; it will only get easy with time as you learn how to do this.
In a bit, I will be telling you of the various ways with which one can easily send money from the USA to Canada successfully. And if you want to get a hold of this piece of information, then don’t stop reading.
Ways to Send Money from USA to Canada
Sending money from the USA to Canada can be done in two ways. It can either be done online or offline. With the offline means of transferring money, you will have to visit a banking hall and do the transfer via your financial institution.
On the other hand, when sending money online you do not need to visit a banking hall. You can do this by using an online money transfer company which I will be talking about much later on in this article.
Now, you don’t just say the words ‘send money to Canada’ for it to materialize. There are ways in other to get this done swiftly and stress-free and they are;
- Via bank transfers.
- Money transfer companies such as ria, PayPal, and Xoom.
- Checks and money orders.
- Cash pick-up providers such as MoneyGram and western union.
These are the ways via which anyone can successfully send money across these two continents.
How Does Money Transfer Work
When sending money from the US to Canada it simply means that after sending the money, the said money will be received by a recipient either in cash for pick up or in the recipient’s account. In order to successfully send money from the US to Canada, there are things (information) that need to be in place and they are;
- The account number you will be transferring the money to.
- Recipient account holders’ names and addresses.
- Institution number and,
- Swift / BIC code or routing number.
These are the things that need to be in place before you can send money to someone in Canada from the US.
Top 5 Money Transfer Companies to Send Money from the US to Canada
Making use of money transfer companies to send money is way better than using bank transfers. But if all these companies online, some are just better than the others at what they do. Below are the top 5 money transfer companies to send money from the USA to Canada.
- PayPal or Xoom.
- Transferwise
- OFX.
- WorldRemit.
- XE
Tips To Consider When Choosing A Money Transfer Company
Below are some useful tips to consider when choosing a money transfer company.
- Transfer fees.
- Exchange rates.
- Payment and delivery options and methods.
- Transfer speeds.
- Transfer limits.
- The transfer options and,
- Customer support.
How to Send Money from the US to Canada via Money Transfer Company
There are various money transfer companies online today, but the method with which they all transfer money is basically the same. Below is a step-by-step guide on how to transfer money using a money transfer company.
- Firstly, register an account with the company f your choosing.
- Provide your name, contact details, valid means of identification, and information about your payment method.
- Provide the recipient’s contact information.
- Select the amount you want to transfer.
Follow the on-screen instructions from there on forward to complete the transaction. You will have to keep a record of your transaction reference number in other to review your transfer progress.
