Indicative rate only. Wise adds a small fee (typically 0.35–0.5% on GBP). Always confirm the exact amount on wise.com before transferring. We earn a commission if you use this link — labelled AD above.
⚠️ Rates change constantly. Always get a live quote from the provider on the day you transfer. The comparisons below are for guidance on which providers to check — not live rates.
Wise is best for most GBP to CAD transfers. Mid-market rate with small transparent fee. Supports direct deposit to RBC, TD, Scotiabank, BMO and most Canadian banks.
OFX is competitive for larger GBP to CAD amounts with no transfer fee. Good for regular monthly transfers. Forward contracts available for future transfers.
Remitly also supports GBP to CAD at competitive rates — worth checking on the day alongside Wise and OFX.
Major Canadian banks for expats: RBC, TD, Scotiabank, BMO and CIBC are the Big Five. TD and RBC have well-regarded digital banking. Some banks allow non-resident account opening before arriving — worth contacting in advance. A Interac e-Transfer account is essential for receiving money domestically in Canada.
US citizens note: FATCA reporting requirements apply to US citizens in Canada. See the US expat tax guide →
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