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Sending Canadian dollars from the UK
There's a reason this corridor has been badly served. Canadian dollars are a thin market for banks in the UK, so they price it lazily or refuse it. Europeans in Canada and Canadians in Europe move money both ways for property, study and family.
Grey treats GBP to CAD as a first-class route. You see the rate, you see the fee, and RBC or any Canadian bank receives a domestic credit.
How sending to Canada works
Sign up
Verification takes a passport or BRP and usually clears while you're still filling in the recipient's details for Toronto. Grey works with regulated partners in the UK.
Fund
Top up from Barclays, HSBC, Lloyds, NatWest, Monzo or any UK bank. Or, if a client abroad pays you in dollars, send to Canada from that balance and skip a conversion.
Send
Pick Interac e-Transfer for instant delivery, or bank transfer with transit and account number for next business day. Confirm CAD, send.
Where the cost hides on this route
The CAD your recipient receives at RBC, TD, Scotiabank, BMO, CIBC is fixed at confirmation and shown separately from the fee. What you see in London is what arrives.
Your rate is fixed when you tap send
Once you confirm in London, the CAD amount is done. Grey carries the currency risk between confirmation and settlement in Toronto, not you and not your recipient.
For a fee or a rent, that certainty is the point.
A route priced like an afterthought
Formal transfers from the UK to Canada were priced for years as if nobody would compare. Bank transfers to Canada clear next business day with an 18:00 Eastern cutoff. Interac e-Transfer is instant, any day. For a student whose rent is due tomorrow, that's the difference. Grey shows the comparison before you pay.
What your recipient sees in Toronto
A normal CAD credit into the recipient's account at RBC, TD, Scotiabank, BMO, CIBC or any Canadian bank. It shows up like a domestic deposit. Your recipient in Toronto never has to download anything, and you track it from London.
CAD in, nothing out
No receiving fee, no deduction at RBC.
Same-day in most cases
Funded transfers from London usually settle in Canada the same day.
If they're on Grey too
GreyTag skips the bank entirely and lands in seconds.
Funding options
Top up in pounds from your bank app, or leave a small standing balance if you send to Toronto more than once a month. UK senders fund by Faster Payments from Barclays, HSBC, Lloyds, NatWest or Monzo. The pound balance sits on Grey until the transfer is due.
Faster Payments from any UK bank
The standard route from Barclays, HSBC, Lloyds, NatWest, Monzo or any UK bank.
Dollars from abroad
Skip the GBP leg by sending from a USD balance.
Leftover balance
Whatever's on Grey converts to CAD instantly.
Weekly payments to Toronto are easier with a standing balance than with a fresh top-up from London every time.
The typical the UK to Canada sender
New permanent residents
Support for family who have landed through Express Entry or PNP and are waiting on a first job.
Tuition instalments
Term payments sent to a student's account for onward payment to the institution.
Urgent transfers
Interac e-Transfer lands instantly when something cannot wait a business day.
Parents of students
Rent and living costs for students at U of T, York, Calgary, Alberta, Manitoba and colleges across Ontario.
For senders in London and Manchester, the Toronto side matters most. Europeans in Canada and Canadians in Europe move money both ways for property, study and family. From London and Manchester, the senders are a mix of families, students' parents and businesses.
Why Grey for the UK to Canada
The value of a transparent GBP to CAD rate isn't visible on any single payment. It shows up in the annual total for a sender in London, and in never having to explain to someone in Toronto why the money arrived short.
Rate and fee shown up front in London. Settlement in CAD to the recipient's own bank in Canada, usually the same day.
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