5 Best Ways to Send Money to Canada from the UK (2025 Comparison)

Sending money from the UK to Canada has never been easier, with various money transfer services offering competitive exchange rates and fast transfers. However, transfer fees, exchange rate markups, and processing times can differ significantly, so it’s important to choose the right provider for your needs. 

For businesses, selecting a cost-effective provider ensures smoother international money transfers and reduced overhead costs. Meanwhile, individuals supporting family and loved ones abroad need a service that’s affordable, reliable, and fast.

This guide compares the top five money transfer services in 2025, breaking down fees, transfer speed, and key features to help you find the best option for your international transfer needs.

Missing key details when sending money internationally can result in delays, extra fees, or even failed transactions. To ensure a smooth money transfer from the UK to Canada, have the following information ready:

• Recipient’s Full Name: Must match their bank account records exactly.
• Bank Details: Include the recipient’s IBAN, account number, and SWIFT code, if applicable.
• Transfer Amount & Currency: GBP or CAD, depending on the recipient’s needs.
• Payment Method: Choose between bank transfer, debit/credit card, or other available methods.
• Purpose of Transfer: Some providers may ask for a reason, especially for larger transfers, for compliance purposes.

Understanding the Canadian Transit Number

If you're sending money to a Canadian bank account, you'll likely need a transit number in addition to the SWIFT code and account number. This 5-digit number identifies the specific bank branch where the account was opened.

In Canada, all personal and business bank accounts are assigned a transit number, a financial institution number, and a unique account number. These details help route your international bank transfer accurately — especially important when you're sending money from the UK to Canada.

A typical Canadian bank account structure looks like this:

• Transit Number (5 digits) → identifies the branch.
• Institution Number (3 digits) → identifies the bank.
• Account Number (7–12 digits) → identifies the individual or business account.

Without these details, your transfer could be delayed, rejected, or misrouted — particularly if the recipient's bank has multiple branches or similar names.

Now that you know what’s required to make an international transfer, let’s explore the top providers in more detail.

Founded in 2011, Wise (formerly TransferWise) is a UK-based financial technology company specialising in international money transfers. Publicly listed on the London Stock Exchange (ticker symbol: WISE), Wise operates in over 70 countries, allowing users to hold and convert 40+ currencies in multi-currency accounts. [1] Users can also receive local bank details for up to 10 currencies, including CAD, GBP, and EUR, enabling them to receive payments like a local. [2] 

Unlike traditional banks, Wise offers mid-market exchange rates without hidden markups. This makes it a popular choice for businesses and individuals looking for transparent, cost-effective international transfers. ​[3]

Key Information About Wise

Wise combines cost efficiency with ease of use for sending money abroad. Here's a quick overview of what Wise offers: [4]

How to Open a Wise Account

Setting up a Wise account is simple. Follow these steps: [5]

For Personal Accounts

Step 1: Register Online
Visit the Wise website or download the app. Click "Sign up" and enter your email address. You can also register using Google, Apple, or Facebook.

Step 2: Provide Personal Details
Enter your legal name, date of birth, and residential address.

Step 3: Verify Your Identity
Upload a government-issued ID (passport, driver’s licence, national ID). You may also need to upload a selfie or proof of address (e.g., utility bill).

Step 4: Wait for Approval
Personal account verification is usually completed within 2 working days.

Step 5: Set Up Your First Transfer
Once verified, enter the amount and recipient details. Wise will show you the exchange rate and delivery estimate.

For Business Accounts

Step 1: Register Online
Go to the Wise Business website and select "Business" during the sign-up process.

Step 2: Provide Business Details
Enter your business tax ID, company registration number, and business address.

Step 3: Verify Your Identity
Upload the account administrator’s ID (passport, driver’s licence, national ID), along with business verification documents such as a certificate of incorporation or proof of registration.

Step 4: Wait for Approval
Business account verification can take up to 10 working days, depending on your company structure and the documents provided.

Step 5: Set Up Your First Transfer
After approval, follow the same process to set up your first money transfer.

Q&A

Revolut is a UK-based financial technology company founded in 2015. Its app offers users a simple way to send, spend, and manage money across borders. With support for 36 currencies, including GBP and CAD, Revolut makes it easy to handle international money transfers and everyday transactions from a single account.

Licence by the Financial Conduct Authority (FCA), Revolut is trusted by millions of users worldwide. It’s ideal for those who want the flexibility of a digital bank with access to competitive exchange rates and no hidden fees. [6]

Key Information About Revolut

Revolut offers distinct features for both personal and business users. While the core platform supports international money transfers, multi-currency accounts, and low fees, plan structures, limits, and tools differ depending on the account type. The table below highlights the key differences to help you choose the right solution for your needs. [7] [8]

How to Open a Revolut Account

Revolut offers a convenient setup process for both personal and business accounts in the United Kingdom. While both account types give users access to low-fee international money transfers, budgeting tools, and multi-currency wallets, the registration journey differs slightly depending on your purpose.

For Personal Accounts (via App Only)

Step 1: Download the App

Install the Revolut app from the App Store or Google Play. Registration is available only through the mobile app.

Step 2: Register an Account

Sign up using your mobile number and create a secure passcode. You’ll also need to provide your full name, residential address, and email address.

Step 3: Verify Your Identity

Upload a valid passport, driver’s licence, or other government-issued ID. Revolut may request a selfie to complete verification, helping to prevent fraud and ensure compliance with Financial Conduct Authority (FCA) regulations.

Step 4: Link a Payment Method

Connect your UK bank account or debit card to fund your account and make your first bank transfer or currency exchange.

For Business Account (via App or Website)

Step 1: Choose Where to Register

Go to the Revolut Business website or download the Business app from your mobile store.

Step 2: Submit Company Details

Enter your company name, registration number, and business address. You may also need to provide the institution number and account number of your existing business bank.

Step 3: Complete Identity Verification

Upload a photo ID for the account administrator and provide supporting business documents, such as a certificate of incorporation, shareholder structure, and bank details.

Step 4: Wait for Approval

Revolut will review your application; most are approved within 1–2 business days, depending on your company structure. Once approved, you can add funds and start making international transfers.

OFX is a global money transfer service headquartered in the United Kingdom and regulated by the Financial Conduct Authority (FCA). Since 1998, it has facilitated more than £113 billion in international transfers across over 170 countries. Known for offering competitive exchange rates without transfer fees, OFX supports 50+ currencies, including GBP and Canadian dollars, and is a trusted choice for high-value payments, business transactions, and online money transfers. [9] ​

Key Information About OFX

OFX offers a range of services tailored to both personal and business clients. Here's an overview:​ [10]

How to Open an OFX Account

Setting up an OFX account is straightforward, whether you're sending personal remittances or managing high-value business transactions. Follow the steps below based on the account type. [11]

For Personal Account

Step 1: Register Online

Go to the OFX website or download the app to begin. Click “Sign Up” and choose the personal account option.

Step 2: Provide Account Details

Enter your full name, nationality, mobile phone number, residential address, and email address.

Step 3: Verify Your Identity

Upload a valid government-issued ID (e.g., passport or driver’s licence) and a proof of address, such as a utility bill. These steps ensure compliance with the  Financial Conduct Authority (FCA) requirements in the United Kingdom.

Step 4: Activate Your Account

An OFX agent may contact you to confirm your account details. Once verified, you can initiate your first international money transfer using your preferred payment method.

For Business Account

Step 1: Register on the OFX Business Page

Visit the OFX Business section on their website to start the registration process for business users.

Step 2: Submit Business Information

Provide your company name, registration number, country of incorporation, and contact details for your account administrator.

Step 3: Upload Verification Documents

OFX requires a photo ID for the admin, plus business documents like a certificate of incorporation, shareholder structure, and sometimes your bank account or recent financial statements.

Step 4: Approval and Support

Business accounts are typically approved within 1–2 business days. Once your documents are verified, you’ll be onboarded with help from a dedicated OFX dealer, which is especially useful when sending large amounts or managing foreign exchange risk.

Founded in 2014, Starling Bank is a digital bank based in the United Kingdom offering personal and business bank accounts through its award-winning mobile app. It supports international money transfers with competitive exchange rates and transparent transfer fees, processing payments via SWIFT in over 30 currencies. As an FCA-authorised financial institution, Starling ensures secure transactions, and customer funds are protected under the Financial Services Compensation Scheme (FSCS) up to £85,000. [12]

Key Information About Starling Bank

Starling Bank partners with Wise to handle international transfers directly within its app. This integration allows users to benefit from mid-market exchange rates and transparent pricing while managing everything seamlessly through Starling’s platform.
Here’s a breakdown of Starling Bank’s key features: [13]

How to Open a Starling Bank Account

Once you've reviewed the key features, here’s how to get started with an account:

For Personal Account

Step 1: Register via Mobile App

Download the Starling Bank app from the App Store or Google Play. Account setup is only available through the mobile app in the United Kingdom.

Step 2: Enter Your Personal Details

Provide your full name, UK address, phone number, and email. Choose the “Personal Current Account” option during registration.

Step 3: Verify Your Identity

Upload a valid UK passport or driving licence and record a short video selfie. This step helps confirm your identity under Financial Conduct Authority (FCA) requirements.

Step 4: Approval & Setup

Most personal accounts are approved within minutes. Once approved, you’ll receive your debit card by post and can begin using your bank account immediately.

Step 5: Start Sending Transfers

Access features like international money transfers through SWIFT, track your spending, and manage transfers in foreign currencies.

For Business Account

Step 1: Register via Mobile App

Business accounts must also be set up through the Starling Bank app.

Step 2: Submit Business Information

Select “Business Account” during setup. Provide your company name, registered business address, and Companies House registration number.

Step 3: Upload Verification Documents

Submit a valid photo ID for the account holder, along with required business documents such as your certificate of incorporation and shareholder structure.

Step 4: Approval Timeline

Approval typically takes 1–2 business days, depending on your business type and document accuracy.

Step 5: Start Using Business Tools

Once approved, you’ll gain access to tools like international payments, accounting software integrations, and batch bank transfers.

Western Union is a globally recognised money transfer service that enables individuals to send funds from the United Kingdom to over 200 countries and territories, including Canada. With a wide range of payout options—from bank transfers to cash pickups—Western Union stands out for its extensive reach and delivery flexibility.
Users can initiate transfers through the website, mobile app, or in person at agent locations. While fees and exchange rates vary depending on the chosen delivery method, Western Union remains a go-to solution for many individuals making one-off or recurring transfers internationally. [14]

Key Information About Western Union

Western Union offers a range of money transfer options suitable for both personal and business users. Here's a breakdown tailored to this corridor: [15]

How to Open a Western Union Account

If you’re planning to send money from the UK to Canada, setting up a personal account with Western Union is a quick first step. The process is mobile-friendly and easy to follow.

Step 1: Register Online or via the App

Download the Western Union app from the App Store or Google Play, or visit westernunion.com. Select “Sign Up” and choose the United Kingdom as your country.

Step 2: Enter Your Personal Information

Provide your full name, UK address, email address, mobile phone number, and date of birth. You’ll also create a secure password.

Step 3: Verify Your Identity

You may be asked to verify your identity, depending on the transfer amount and method. Verification typically includes uploading a valid UK photo ID (e.g., passport or driving licence).

Step 4: Add a Payment Method

Link your debit card or UK bank account to fund your transfers. Credit card options are also available but may involve higher fees.

Step 5: Start Sending Money

Once your account is set up, you can send money to Canada via bank deposit or cash pickup. You’ll be able to track your transfers and save recipient details for future use.

Q&A

Transferring money overseas might seem straightforward, but small missteps can lead to higher transfer fees, delays, or failed transactions. Whether you're managing international money transfers for personal reasons or sending business payments, it's important to understand common issues that can affect your transfer.

Here’s what to watch out for when sending money from the United Kingdom to Canada.

Hidden Bank Fees

At first glance, using a bank or provider for a money transfer can appear simple, but many people are surprised by hidden fees that reduce the total amount received.

A common issue is intermediary charges on SWIFT transfers. Funds often pass through several financial institutions before reaching the recipient’s bank account, and each one may deduct a fee.

Some Canadian banks may also charge incoming transfer fees, especially when foreign currency is involved in the currency exchange.

Additionally, providers that advertise “no transfer fees” might apply less competitive exchange rates, increasing the overall cost without clearly stating it.

✅ How to avoid hidden fees:

• Choose money transfer services that display all fees upfront
• Look for providers that use the mid-market rate instead of marked-up exchange rates
• Use platforms that avoid intermediary banks
• Check the exact amount your recipient will receive in Canadian dollars

Unfavourable Exchange Rates

Even if a provider claims to offer free international transfers, the exchange rate can make a big difference. When converting GBP to CAD, a small markup can result in your recipient receiving significantly less.

Traditional banks and some online money transfer services use padded exchange rates that don’t match the mid-market rate, the one you see on platforms like XE or Google. This margin isn’t always disclosed, which makes it difficult to calculate the true cost.

For example, if the mid-market rate is £1 = CAD 1.85 but you’re offered 1.82 CAD, that small difference adds up with larger transfers.

✅ How to avoid poor exchange rates:

• Use services that offer the mid-market rate or clearly disclose any markups
• Use a currency converter to compare live rates before transferring
• Focus on how much your recipient will receive in CAD, not just the amount you’re sending in GBP
• Avoid sending money over weekends when exchange rates are less favourable

Delays from Weekends and Public Holidays in Canada and the UK

Timing matters when making international transfers. Even if your chosen provider offers fast delivery times, the actual processing may be paused if the transfer coincides with weekends or public holidays in either country. 

Since banks in the United Kingdom and Canada typically operate only on business days and don't always share the same holidays, this can lead to unexpected delays.
Key Public Holidays to Watch For (2025): [16] [17]

✅ How to avoid timing delays:

• Avoid scheduling transfers near weekends or holidays
• Review public holiday calendars for both the UK and Canada
• Send during local business hours to meet cut-off times
• Use services that provide clear delivery timelines and tracking

Incorrect Recipient Details

One of the most common reasons for failed or delayed international money transfers is incorrect recipient information. Mistakes in the full name, bank account number, or SWIFT code can result in failed payments or long processing times.

With cross-border payments, accuracy is critical because multiple financial institutions may be involved, and even small errors may trigger a manual review or rejection.

✅ How to avoid this issue:

• Double-check the spelling of the recipient’s full name as it appears on their bank records
• Confirm the correct account number, SWIFT code, and bank name
• Ask the recipient if you need additional information, like a transit or institution number (commonly required in Canada)
• Review all account details before confirming the payment

The best way to send money to Canada from the UK depends on what matters most to you, whether it’s speed, cost, flexibility, or ease of use. Every provider has different strengths, so take a moment to compare their features based on your specific needs.

By understanding the common pitfalls and knowing what to look for, you’re in a better position to make informed, confident decisions for your next international transfer.