If you need to send money to the United States, there are several options available. The best option will depend on your specific needs and circumstances.
For smaller amounts of money, you can use a service like PayPal or Xoom. These services typically have lower transfer fees and offer competitive exchange rates.
What is the best way to send money to the United States?
If you’re sending money to the United States (or anywhere else), you want the gap between what you send and what your beneficiary receives to be as small as possible.
The best way to send money to the United States will offer the most competitive exchange rate and lowest transfer fees.
To get started, compare your options with our Send Money Cheat Sheet.
When sending money to the United States, you have a few options. You can do a bank-to-bank transfer, use a money transfer service, or even send a cheque. But which one will get you the most bang for your buck?
Bank-to-bank transfers
If you have a bank account in Canada and the United States, you can do a bank-to-bank transfer. This is usually the cheapest way to send money because there are no fees. The only cost is the currency exchange rate.
To do a bank-to-bank transfer, you’ll need the following information from your beneficiary:
-Their full name
-The name and address of their bank
-Their account number
-The bank’s routing number (this is also called an ABA routing number and can be found on a cheque)
Money transfer services
Another option is to use a money transfer service, such as Western Union or MoneyGram. With these services, you can send money online, by phone, or in person. The recipient can then pick up the money at a location near them.
To use a money transfer service, you’ll need the following information from your beneficiary:
-Their full name
-The amount of money you want to send
-Your beneficiary’s location
Sending a cheque
You can also send a cheque. This is probably the slowest way to send money, but it can be cheaper than using a money transfer service.
To send a cheque, you’ll need the following information from your beneficiary:
-Their full name
-Their mailing address
When you’re ready to send money to the United States, compare your options and find the best deal for you.
There are several ways to transfer money from Canada to the United States. The best option comes with affordable rates and lower transfer fees.
There are several ways to transfer money from Canada to the United States. The best option comes with affordable rates and lower transfer fees.
Whether your business needs to purchase goods or services, or for some other reason, you need an affordable and convenient way to send money to the United States. This is where foreign exchange and global payments specialists like MTFX comes in.
Unlike banks that typically charge expensive rates and fees, MTFX is kinder to your business’s bottom line. Many Canadian companies are increasingly discovering and relying on foreign exchange and global payments specialists like MTFX to transfer money to the United States.
What is the best way to send money to the United States?
If you’re sending money to the United States (or anywhere else), you want the gap between what you send and what your beneficiary receives to be as small as possible.
Unfortunately, this won’t happen if you use a bank or traditional financial institution to move funds. Banks offer unfavorable exchange rates, and you also need a bigger budget to cover the expensive international bank transfer fees.
The good news is there’s a simpler and cheaper way to send money to the United States from Canada.
Sending money to the United States has never been easier with a quick sign-up process, competitive currency rates, fast transfers, and the best-in-class technology to facilitate smooth payments. Besides skipping the uneconomical transfer fees charged by banks, you also get personalized guidance to help you move your money to the correct destination.
What is a good USD/ CAD exchange rate?
Knowing where to look for the best place to exchange money is key to doing business globally. You have two main options when it comes to exchanging currency: your bank or global payment specialists, like MTFX.
While your bank may seem like an obvious place to start, they don’t always offer the best exchange rates available and can charge transfer fees of up to CAD 150.00 per transaction, which quickly add up if you need to make transfers often.
In a nutshell, here’s what you need to know about the best way to send money to the United States:
- Method: Through MFTX, global experts in foreign exchange and international payments.
- Cost: MFTX offers some of the best exchange rates that are 2-5% lower than any bank. The MFTX exchange rate is tied to the interbank rate, and high-volume currency exchanges enable us to reduce the cost of international payments. This is a breath of fresh air for those tired of costly currency conversions.
- Speed: The MTFX platform is quickly accessible from the comfort of wherever you’re. You can then send money to the United States at the touch of a button, and your beneficiary receives the money on the same day or within 24-48 hours.
- Transfer options: When you register for an MFTX account, you can send money not only to the United States but to over 140 countries at the convenience of a few clicks.
- Customer experience: The customer experience is stellar. MFTXs team of dedicated specialists offers top-notch service to help you move your money efficiently.
- Quick review. MFTX is the perfect solution for Canadians looking to make global payments on behalf of their business. You can enjoy streamlined international payments, lower costs, and convenience, plus the satisfaction of knowing your money is where it’s required to be.
Who uses MTFX to send money to the United States?
Both companies and individuals can use MTFX to transfer money to the United States.
Individuals
- People sending money to family or friends or themselves in the United States
- Studying in the United States
