Corridor CAD → USD · Canadian dollar to US dollar
What does it cost to send Canadian dollars to United States?
On 16 October 2026, the most a recipient in United States got for 1,000 CAD was 702.58 USD via Instarem: a true cost of 5.04 CAD (0.50%) including fee and rate markup. The last of 9 quotes cost 4.90%.
Transfer cost receipt · CAD → USD
Most to the recipient: Instarem transfer service
- You send
- 1,000.00 CAD
- Upfront fee
- 0.00 CAD
- Amount converted
- 1,000.00 CAD
- Rate given
- 0.702582
- Mid-market when quoted
- 0.706140
- Exchange-rate markup inside the rate
- 5.04 CAD 0.50%
- True total cost
- 5.04 CAD 0.50%
- Recipient gets
- 702.58 USD
Picking the last quote in this ledger (PayPal) instead would leave the recipient 31.05 USD short.
Snapshot indicative quotes retrieved 16 Oct 2026, 17:04 UTC. Quote collected 16 Oct 2026, 01:37 UTC. Source: Wise public comparison data.
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Every quote for 1,000 CAD → USD
Sorted by what the recipient gets. “True cost” adds the upfront fee to the money lost in the exchange rate versus the mid-market rate at the time each quote was collected.
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Instaremservice | 0.00 CAD | 0.50% | 5.04 CAD | 0.50% | 702.58 USD | best |
| 2. Remitlyservice | 0.00 CAD | 0.56% | 5.65 CAD | 0.56% | 702.15 USD | −0.43 USD |
| 3. Wiseservice | 7.41 CAD | 0.00% | 7.41 CAD | 0.74% | 700.86 USD | −1.72 USD |
| 4. Royal Bank of Canadabank | 0.00 CAD | 2.15% | 21.53 CAD | 2.15% | 690.94 USD | −11.64 USD |
| 5. TD Bankbank | 0.00 CAD | 2.66% | 26.64 CAD | 2.66% | 687.33 USD | −15.25 USD |
| 6. Xoomservice | 0.00 CAD | 2.77% | 27.73 CAD | 2.77% | 686.56 USD | −16.02 USD |
| 7. Western Unionservice | 2.99 CAD | 2.66% | 29.54 CAD | 2.95% | 685.28 USD | −17.30 USD |
| 8. OFXservice | 15.00 CAD | 1.63% | 31.02 CAD | 3.10% | 684.24 USD | −18.34 USD |
| 9. PayPalservice | 2.99 CAD | 4.62% | 49.01 CAD | 4.90% | 671.53 USD | −31.05 USD |
| Set aside, not ranked (1): see methodology | ||||||
| BMOcollected 72 h before retrieval | 0.00 CAD | 3.33% | — | — | 682.59 USD | — |
Does the cheapest option change with the amount?
| You send | Most to recipient | Best cost | Worst cost | Recipient gets (best) | Gap best vs worst | Quotes |
|---|---|---|---|---|---|---|
| 200 CAD | Instarem | 0.50% | 6.25% | 140.52 USD | 8.12 USD | 8 |
| 1,000 CAD | Instarem | 0.50% | 4.90% | 702.58 USD | 31.05 USD | 9 |
| 5,000 CAD | Wise | 0.53% | 4.67% | 3,511.73 USD | 146.01 USD | 8 |
What the CAD → USD numbers show
- The provider that delivers the most changes with the amount: Instarem at 200.00 CAD, Instarem at 1,000.00 CAD, Wise at 5,000.00 CAD. Fixed fees weigh heavily on small transfers; rate margins dominate large ones.
- At 200.00 CAD, true cost ranged from 0.50% (Instarem) to 6.25% (Xoom); the recipient would get 8.12 USD less with the last quote than with the first.
- Banks listed for this corridor averaged 2.41% in true cost at 1,000.00 CAD, against 2.22% for non-bank transfer services; on average 100% of the banks' cost sat inside the exchange rate rather than in a stated fee.
- 5 of 9 quotes at 1,000.00 CAD charged no upfront fee but priced in a rate markup above 0.5%, so “no fee” did not mean free.
How does the quoted mid-market rate compare with the ECB reference?
The European Central Bank reference rate for CAD/USD on 16 October 2026 was 0.706180. The mid-market rate implied by the top quote at its collection time was 0.706140, a difference of −0.01%. ECB rates are published once per working day around 16:00 CET, so they drift from live market rates during the day; RateRunner uses them only as a cross-check, never to rank providers.
Every quote for 200 CAD → USD
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Instaremservice | 0.00 CAD | 0.50% | 1.01 CAD | 0.50% | 140.52 USD | best |
| 2. Remitlyservice | 0.00 CAD | 0.86% | 1.72 CAD | 0.86% | 140.01 USD | −0.51 USD |
| 3. Wiseservice | 3.58 CAD | 0.00% | 3.58 CAD | 1.79% | 138.69 USD | −1.83 USD |
| 4. Royal Bank of Canadabank | 0.00 CAD | 2.15% | 4.31 CAD | 2.15% | 138.19 USD | −2.33 USD |
| 5. TD Bankbank | 0.00 CAD | 2.66% | 5.33 CAD | 2.66% | 137.47 USD | −3.05 USD |
| 6. Western Unionservice | 2.99 CAD | 2.65% | 8.22 CAD | 4.11% | 135.43 USD | −5.09 USD |
| 7. PayPalservice | 2.99 CAD | 4.62% | 12.08 CAD | 6.04% | 132.70 USD | −7.82 USD |
| 8. Xoomservice | 2.99 CAD | 4.83% | 12.50 CAD | 6.25% | 132.40 USD | −8.12 USD |
| Set aside, not ranked (2): see methodology | ||||||
| BMOcollected 72 h before retrieval | 0.00 CAD | 3.33% | — | — | 136.52 USD | — |
| WorldRemitcollected 71 h before retrieval | 3.99 CAD | 1.96% | — | — | 135.70 USD | — |
Every quote for 5,000 CAD → USD
| Provider | Upfront fee | Rate markup | True cost | Cost % | Recipient gets | vs best |
|---|---|---|---|---|---|---|
| 1. Wiseservice | 26.51 CAD | 0.00% | 26.51 CAD | 0.53% | 3,511.73 USD | best |
| 2. Remitlyservice | 0.00 CAD | 0.56% | 28.24 CAD | 0.56% | 3,510.76 USD | −0.97 USD |
| 3. Xoomservice | 0.00 CAD | 1.82% | 91.18 CAD | 1.82% | 3,466.31 USD | −45.42 USD |
| 4. OFXservice | 15.00 CAD | 1.63% | 96.08 CAD | 1.92% | 3,462.86 USD | −48.87 USD |
| 5. Royal Bank of Canadabank | 0.00 CAD | 1.96% | 97.82 CAD | 1.96% | 3,461.62 USD | −50.11 USD |
| 6. TD Bankbank | 0.00 CAD | 2.66% | 133.21 CAD | 2.66% | 3,436.63 USD | −75.10 USD |
| 7. Western Unionservice | 2.99 CAD | 2.66% | 136.08 CAD | 2.72% | 3,434.61 USD | −77.12 USD |
| 8. PayPalservice | 2.99 CAD | 4.62% | 233.64 CAD | 4.67% | 3,365.72 USD | −146.01 USD |
Read next
Questions people ask
- Which provider gave the most for 1,000 CAD sent to United States?
- Instarem, with 702.58 USD delivered, in the snapshot retrieved 16 Oct 2026, 17:04 UTC. Its upfront fee was 0.00 CAD and its rate markup 0.50%.
- How much of the cost of sending CAD to USD is hidden in the exchange rate?
- For the 9 quotes on 1,000 CAD, rate markups ranged from 0.00% to 4.62% of the amount converted. 5 quotes charged no upfront fee but still had a markup above 0.5%.
- How current are these CAD to USD quotes?
- RateRunner retrieved them on 16 Oct 2026, 17:04 UTC. Each provider quote also carries its own collection time, shown in the tables, and quotes older than 24 hours are flagged. They are indicative; the price you are offered at checkout can differ.
Related corridors
Sources
- Indicative provider quotes: Wise public comparison data (retrieved 16 Oct 2026, 17:04 UTC). Wise collects quotes from listed banks and services and is itself listed.
- Reference rate: European Central Bank euro reference rates via Frankfurter (16 October 2026).
- Raw data for this page: cad-to-usd.json