How much does it cost to send money to Canada?

Most international transfers to Canada cost between $8 and $30 in fees alone, before you even factor in the exchange rate markup. Grey charges a flat $2.50 for bank transfers and $3.00 via Interac, regardless of how much you send. Here is how that compares.

Competitor avg fee

Grey fee (Bank transfer)

Grey fee (INTERAC)

$200 CAD

$500 CAD

$1,000 CAD

$28

$62

$145

$2.50

$3.00

Up to 75%

Up to 85%

Up to 95%

How to send money to Canada without paperwork

For senders

Move money from your NGN, USD, GBP, or EUR balance to Canada instantly.

For receivers

Nothing to download. Your recipient doesn't need an extra app or account. The money lands directly in their bank.

For direct payments

You can help pay billls like rent or tuition by sending CAD directly to your loved ones’ Canadian bank accounts.

What is Interac and why?

Interac is Canada’s premier, secure, and real-time electronic funds transfer network. It allows individuals and businesses to instantly send and receive money directly between Canadian bank accounts.

By integrating Interac into the Grey ecosystem, we’ve bridged the international gap. When you send CAD via Grey, it doesn't move like a slow overseas wire; it moves like a local Canadian payment.

When you send money to Canada using Grey:

You’re using a network trusted by every major financial institution in Canada

For your recipients in Canada, the funds are immediately available

More than just banking

Get Started

Bill payments

Pay the important bills before they are due.

Gift Cards

Surprise your loved ones with a voucher you know they’ll need.

Expense Management

Track your expenses to better understand your spending habits

An Inclusive App

Switch your Grey app to the language you’re most comfortable with.

Regulated & Protected

We are fully regulated by Fintrac and Fincen, so your money is 100% Protected.

Product and Service Quality

We asked our customers how likely they were to recommend Grey to their network.

Grey has played a major part in my business growth; being able to receive international payments has helped put it on the global map

Oyinda Bankole

CEO and Cofounder, TWA Africa

I no longer have to reject opportunities. Thanks to Grey, receiving foreign payments in Tanzania has become much easier!

Getrude Mligo

Digital Communication Strategist

I find Grey’s usability and interface easy to use. It’s simple and straightforward. I previously struggled with receiving payments for my work, but Grey has made it faster and cheaper to do this now.

Adaora Momah

Freelancer

Grey has played a major part in my business growth; being able to receive international payments has helped put it on the global map

Oyinda Bankole

CEO and Cofounder, TWA Africa

I no longer have to reject opportunities. Thanks to Grey, receiving foreign payments in Tanzania has become much easier!

Getrude Mligo

Digital Communication Strategist

I find Grey’s usability and interface easy to use. It’s simple and straightforward. I previously struggled with receiving payments for my work, but Grey has made it faster and cheaper to do this now.

Adaora Momah

Freelancer

Real stories from our global community

Working in an NGO, I often have to deal with various currencies. Grey's virtual account has simplified these transactions immensely. It's a reliable and convenient financial tool, too.

Nneka Bada

NGO facilitator

As a freelancer working with clients globally, Grey’s virtual foreign account has made receiving payments so much easier. No more currency headaches and the fees are surprisingly low!

Imisioluwa Adeyeri

Content Marketer

As someone who’s always on the move, Grey’s virtual foreign account fits my lifestyle perfectly. Easy access to my funds in different currencies, all in one app - it’s brilliant!

Emeka Amadi

Digital Nomad

I regularly deal with clients from different countries, and Grey has simplified my financial transactions incredibly. The ability to handle various currencies without worrying about exchange rates is fantastic.

Sophia Chiedu

IT Consultant

Have
questions?

For your Frequently Asked Questions

Go to Help Centre

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How is Grey different from a traditional bank wire?

Traditional wires are expensive (often costing $30–$80 in hidden fees) and slow (3–5 days). Grey uses INTERAC e-Transfer and the Canadian domestic rails. This means your money moves within Canada like a local transfer, making it faster and significantly cheaper ($3.00 vs. $30.00+).

Do I need a Canadian bank account to send Canadian dollars (CAD)?

No. You only need a Grey account with a supported currency balance. The recipient must have a Canadian bank account to receive the funds.

How long does a CAD transfer take?

Interac transfers are usually delivered within minutes, while bank transfers typically arrive within one business day, depending on the time the transfer was submitted.

What currencies can I send CAD from?

Grey allows CAD transfers from USD, EUR, GBP, and NGN balances, with automatic currency conversion during the payment.

What is the minimum amount I can send?

The minimum transfer amount is 5 CAD per transaction.

What is the maximum transfer amount?

Individuals can send up to 10,000 CAD per transaction, while Grey Business accounts can send 25,000 CAD via Interac or 100,000 CAD via bank transfer.

Can I send money to both personal and business accounts?

Yes. Grey supports transfers to both personal and business bank accounts in Canada.

Send money to Canada instantly

How much does it cost to send money to Canada?

How to send money to Canada without paperwork

More than just banking

Pay the important bills before they are due.

Surprise your loved ones with a voucher you know they’ll need.

Track your expenses to better understand your spending habits

Switch your Grey app to the language you’re most comfortable with.

We are fully regulated by Fintrac and Fincen, so your money is 100% Protected.

Product and Service Quality

Product and Service Quality

Product and Service Quality

Product and Service Quality

Real stories from our global community

Have
questions?

How is Grey different from a traditional bank wire?

Do I need a Canadian bank account to send Canadian dollars (CAD)?

How long does a CAD transfer take?

What currencies can I send CAD from?

What is the minimum amount I can send?

What is the maximum transfer amount?

Can I send money to both personal and business accounts?

Get digital banking
at your fingertips

Send money to Canada instantly

How much does it cost to send money to Canada?

How to send money to Canada without paperwork

What is Interac and why?

More than just banking

Pay the important bills before they are due.

Surprise your loved ones with a voucher you know they’ll need.

Track your expenses to better understand your spending habits

Switch your Grey app to the language you’re most comfortable with.

We are fully regulated by Fintrac and Fincen, so your money is 100% Protected.

Product and Service Quality

Product and Service Quality

Product and Service Quality

Product and Service Quality

Real stories from our global community

Have questions?

How is Grey different from a traditional bank wire?

Do I need a Canadian bank account to send Canadian dollars (CAD)?

How long does a CAD transfer take?

What currencies can I send CAD from?

What is the minimum amount I can send?

What is the maximum transfer amount?

Can I send money to both personal and business accounts?

Get digital bankingat your fingertips

Have
questions?

Get digital banking
at your fingertips