Highest remittance rate for converting 1 CAD to EUR = 0.68
There are over 1 million French living in Canada, earning, studying who are settled on the provinces like Quebec, Ontario and British Columbia. If we read the French population in Canada for the year 2016, then approximately 105,570 people reside there. Aside from immigration, both countries have strong trading and tourism relationship, which leads to thousands of people visit Canada every year.
While most of the Canadian banks allow money transfer to France, the money transfer companies are offering much better rates and lower fees to its customers. So for the French people living in Canada wants to send money to France can use these services and get the best value of their money.
Therefore, on this page, we provide you with the top companies offering “money transfer to France from Canada”.
Please find the list of companies below in a sorted order which is providing the best money transfer services which offer the “cheapest way to send money to France” from Canada with the highest exchange rates and low fee.
CurrencyFair is a pioneer in the field of peer-to-peer currency exchange while OFX is a leading international money transfer services provider. Both companies are providing services in multiple countries and has a large customer base. So let’s have a look at their exchange rates, transfer fees and ease of use to get the in-depth details.
Exchange rates: On CurrencyFair, you can check the existing rates and also select your own rates which enable you to get lower rates compared to the existing rates. While OFX has a fix exchange rate which will be closer to the existing market rates. So, the transfers with CurrencyFair are more beneficial compared to the OFX.
Transfer fees: There is a flat fee of €3 or similar amount in other currencies with on an average of 0.4% charges on the transferred amount. While in OFX, it changes a flat fee of $15 on the transfers less than $10,000. When looking out the transfer fees of both the companies, they charge approximately similar charges from customers and are very less as compared to the banks.
Ease of use: CurrencyFair is available in English, French and German language while OFX is available only in English. Both the companies offer business as well as personal transfers but CurrencyFair does not accept any cards other than Irish debit card which issued by the Ireland government, while in OFX, you can use Visa and MasterCard debit as well as credit cards to make payments.
There are multiple money transfer companies offering their services on this corridor but we have got you some of the best services with lower fees and high exchange rates.