How to Send Money From Canada to England
Sending money used to be difficult and costly for the sender and receiver especially if you didn't use the same bank on both ends of the transaction. Today, primarily because of the Internet, there are several ways to send funds across the ocean. However, in order to send money from Canada to England, you must find a good transfer agent with the best exchange rate and low fees.
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Instructions
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Use your bank. Banks usually charge about $50 for a wire. However, if both you and the recipient have the same bank with a global money center, you may be able to get the wire for free. Contact your bank representative for details.
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Convert the currency from Canadian dollars (CAD) to Great British Pounds (GBP). Find the best exchange rate for GBP before sending. Use an online currency converter to know what the rate is before contacting a broker.
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Contact a broker or transfer agent. The most challenging part about this is comparing rates and finding a reputable dealer. Ask your bank for a recommendation or use a transfer agent affiliated with a large money (financial) center.
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Use a comparison site. Sendmoneyhome.org makes money from advertising on its website instead of charging a fee. The website will find the lowest fee and the best exchange rate. The main benefit of the service is that it helps to save the time it takes to contact each service yourself. The website provides an option for you to send money to England from Canada by transfer agent, bank or prepaid money card. In addition to providing the name of the transfer agent it will also provide you with a comparison of the fees, exchange rates, speed and method of transfer. Select Canada for the "from" country and England for the "to" country for a quick comparison.
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Use Western Union (westernunion.com). Western Union is a transfer agent that allows you to send money virtually anywhere in the world online, by phone or through an agent. Unlike sendmoneyhome.org, Western Union charges a fee; use the pricing tool for a fee estimate. The tool calculates an exchange rate for you as well. As of September 29, 2009, the cost to send $100 to England from Canada is $14 at an exchange rate of 1 Canadian Dollar (CAD) = 0.5627735 United Kingdom Pound (GBP).
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