Compare money transfers from Canada to the United Kingdom

Best Services to transfer money from Canada to the United Kingdom

🪙 Cheapest to a bank account	InstaReM
💳 Best with credit card payment	Remitly and Xe
💶 Easiest cash pickup	Remitly

Numerous persons have cause to send money from Canada to the UK on a daily basis. Parents want to transfer funds to their children in school. People may have to send cash to friends, relatives, or colleagues. One may have a need to make payments for a product in the United Kingdom. Businesses also make an online transfer of money to other corporate bodies for services rendered. Traditional banks may be unable to meet up with all these financial transactions within the shortest possible time.

E-transfer or online platforms offer the best services to send cash to bank accounts in the UK and most of them accept credit cards. In this article, we will guide you to identify some reliable services that can help you wire money from Canada to the UK in the easiest way. More so, to choose the best way to transfer money from Canada to the United Kingdom.

How to send money from Canada to the UK

There are different transfer services that are responsible for transferring funds from Canada to the UK. Most of these online platforms have a similar process in performing these financial transactions. First, you need to register and open an account with them. Then you provide the recipient's information. Thirdly, you will select your payment option and delivery method.

Which service is best to use?

Some notable services that help clients send cash include:

• TransferWise: This platform has a high number of clients that make transfers from it. This is due to the multiple currency pairings and supported currencies on the platform. TransferWise also offers a high-grade level of security.
• PayPal: Users use the services provided by this reputable American company to perform online cash transfers and make other international online payments. This transfer service is a notable digital alternative to the conventional paper system of traditional banks such as checks and money orders. PayPal services are fast, safe, and affordable.
• Skrill:In the sphere of e-commerce businesses, Skrill is one of the most prominent and trusted. The platform accepts over 40 currencies and this increases the number of countries you can send funds using their services. Skrill also offers one of the cheapest ways to send money from Canada to the UK.
• CurrencyFair: Most people use this platform to make money transfer for both personal and business purposes. CurrencyFair is known for its low transaction fees and credibility.
• WorldRemit:This online payment platform offers excellent services that relate to mobile money and remittances. Users can also use this online platform to perform global cash transfer.

If you must identify the best money transfer service to use to send cash from Canada to the UK, then you must take certain factors to cognizance. After considering these parameters, you can select the service that satisfies most of what you need. The factors include supported currencies, delivery methods, payment options, currency pairings, transaction fees, and processing time.

How much does it cost?

Most services available to send cash from Canada to the UK do not have an exact amount that their service cost. The charge also differs from one platform to the other. A percentage rate between 0.1% and 0.5% is charged for money transfers. Conversely, for currency exchanges, a mark-up of the marketplace index of currency pairings is adopted by most services.