Send money from Australia to Canada
Few corridors run as evenly in both directions as this one. Australians and Canadians move between the two countries for work, study and family, a great many hold both passports, and the money follows: rent in Toronto covered from Perth one year, a mortgage in Melbourne supported from Vancouver the next.
AUD
CAD
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Who uses the Australia to Canada route
This is not a classic remittance corridor. The people sending are usually Australians with a child at a Canadian university, dual citizens keeping a property or a bank account alive on the other side, and small businesses paying Canadian contractors. The sums are irregular and often large, which makes the rate matter more than the fee.
Grey holds no Australian dollar balance, so the transfer starts from a US dollar balance provided by Lead Bank, or a pound or euro one, funded by income or money arriving from outside Australia. From there it is a single conversion into Canadian dollars, paid to the recipient's own account at RBC, TD, Scotiabank, BMO, CIBC or any other Canadian bank, or sent as an Interac e-Transfer to their email or phone number.
How a transfer to Canada works
Sign up
About five minutes and one valid identity document, done once however irregular the Canadian payments turn out to be. Canada is one of more than 80 destinations available once the account is open.
Fund
Grey has no Australian dollar wallet. Your balance is built in USD, GBP or EUR from salary, invoices or a transfer out of an account you hold abroad, and it sits there until the Canadian payment is due.
Send
Canada gives you two routes. Either the transit, institution and account number for a bank credit, or an Interac e-Transfer to the recipient's email address or mobile number. Confirm the CAD figure and send.
The cost of getting dollars to Canada
Grey removes one leg of that by starting from a balance you already hold in US dollars, pounds or euro. There is one conversion into CAD, quoted before you confirm, with the fee shown next to it rather than folded into the rate.
On an irregular but sizeable transfer, a term of tuition or a quarterly payment to a contractor in Calgary, that single conversion is the whole argument.
The Canadian dollar figure does not move
Once you confirm, the CAD amount is settled. Grey carries whatever the pair does between your tap in Australia and the credit in Toronto, rather than passing it to your recipient.
If you have told a landlord or a university bursar a precise Canadian dollar figure, that is the figure that arrives.
Grey against an Australian bank sending Canadian dollars
Two countries with excellent domestic instant payments and nothing connecting them. Osko settles an Australian transfer in seconds and Interac e-Transfer does the same inside Canada, but a bank transfer between them still runs on correspondent rails, at a rate set by the bank and with a fee you find out about afterwards. Grey quotes the conversion once and can finish the journey on the Interac rail your recipient already uses.
What the person in Canada receives
Canadian dollars in their own account at RBC, TD, Scotiabank, BMO, CIBC or any other Canadian bank, or an Interac e-Transfer notification on their phone. Either way it reads as a domestic payment.
Bank credit
Transit, institution and account number, and the CAD posts to that account directly.
Interac e-Transfer
An email address or mobile number is enough, which suits a student who changes address more often than banks.
Nothing to install
No Grey account is needed in Canada, unless both of you want the free instant GreyTag route.
Getting money onto Grey in Australia
The gap Australians notice first is that there is no BSB and account number to push money into. Grey funds in foreign currency, which is also the currency you will convert from.
Income from abroad
Employers, platforms and clients pay your Grey USD, GBP or EUR details directly.
A Canadian or other overseas account
Dual citizens often already hold money outside Australia, and it can be moved in and converted.
GreyTag
Another Grey user, including a family member in Canada, can fund you instantly and free.
For a recurring Canadian obligation, a standing balance means the transfer is not waiting on anything on the Australian side.
What moves along this corridor
University costs
Tuition and residence fees for Australians studying in Toronto, Montreal and Vancouver.
Dual citizens
Keeping a Canadian account, mortgage or insurance running while living in Sydney or Brisbane.
Family both ways
Support to parents who stayed in Canada, and to relatives who moved to Australia and back again.
Contractors and consultants
Australian businesses paying Canadian developers, engineers and agencies in their own currency.
Because the traffic runs both ways, the reasons cluster around people who genuinely live in two places rather than one.
What Grey gives you on the Canada route
People who move between Australia and Canada usually end up maintaining obligations in both, and the cost of that is decided by how many times the money is converted rather than by any single fee.
One conversion out of your balance, and Canadian dollars delivered either to the account at RBC, TD, Scotiabank, BMO or CIBC, or by Interac e-Transfer.
FAQs
Can I send an Interac e-Transfer from Australia with Grey?
Yes. Enter the recipient's email address or mobile number and Grey pays out by Interac e-Transfer inside Canada, in Canadian dollars.
What bank details does a Canadian recipient need to give me?
The transit number, institution number and account number. Canada does not use a BSB, and no IBAN is involved either.
Does Grey convert Australian dollars into Canadian dollars?
No. There is no Australian dollar balance on Grey, so the conversion runs from your US dollar, pound or euro balance into CAD.
Why do banks route an Australian to Canadian dollar payment through US dollars?
AUD to CAD is a thin pair for most banks, so they convert twice. Grey converts once, from the balance you already hold.
Which Canadian banks can receive the payout?
RBC, TD, Scotiabank, BMO, CIBC and other Canadian banks, as an ordinary Canadian dollar deposit into the recipient's own account.
I hold both passports. Can I move money back to my own Canadian account?
Yes. Add your Canadian account as a recipient and pay CAD into it from your Grey balance like any other transfer.
Can I pay Canadian university tuition from Australia?
Yes. Enter the exact Canadian dollar figure the institution invoiced and Grey shows the cost from your balance before fixing the rate.
Is Interac e-Transfer the same thing as Osko in Australia?
They play the same domestic role but never connect. Osko moves Australian dollars inside Australia, Interac moves Canadian dollars inside Canada.
Does my recipient in Toronto need a Grey account?
No. Canadian dollars arrive in their existing bank account or by Interac e-Transfer. GreyTag is optional and only works between Grey users.
Can an Australian business pay a Canadian contractor this way?
Yes. Pay the contractor in Canadian dollars to their own bank account, with the rate and fee itemised before you confirm.
Is the CAD amount fixed once I confirm the transfer?
Yes. The rate is fixed at confirmation, so later movement in the pair does not change what lands in Canada.
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