Send and Receive Money in Canada (2024)

Send money internationally with CIBC Global Money Transfer™

Want to send money back home? Transfer funds to over 130 countries including India, the Philippines, China and the United States with $0 transfer fees.1

It’s easy to send money on the go


Step 1

Sign on to CIBC Mobile or Online Banking and select Global Money Transfer.


STEP 2

Enter the banking information of the person you're sending money to.
How do I find my recipient’s bank information? Opens in a new window.


STEP 3

Enter the amount of money you want to send, then select “Submit."

Send and Receive Money in Canada (1)

Amounts you can send with CIBC Global Money Transfer

Send up to
$75,000 CA
per transaction when you pay with your bank account or line of credit.

Send up to
$15,000 CA
per transaction when you use your credit card. Or up to your credit limit if it's under $5,000.

Interac e-Transfer®

Sending money to friends has never been easier.WithInterace-Transfer, you can safely send money to anyone in Canada or receive money directly into your bank account. All you need is an email address.

How to send anInterace-Transfer


Step 1

Sign on to CIBC Mobile or Online Banking and select Interace-Transfer.

STEP 2

Choose who you want to send money to within Canada. You’ll need their email address.

STEP 3

Enter the amount you want to send and select the account you’ll be using for the transfer.

STEP 4

Enter a security question and answer that only you and the recipient will know.

Send and Receive Money in Canada (2)

Amounts you can send with Interac e-Transfer

There’s no minimum. Send as little as you want.

Maximum per 24-hour period
$3,000 CA

Maximum per 7-day period
$10,000 CA

Maximum per 30-day period
$30,000 CA

Order CIBC Foreign Cash™

Whether you're visiting family back home or taking a vacation abroad, we can help you get the foreign cash you need – in up to 75 currencies. You can order foreign cash in a branch or online in a few easy steps.

How to order foreign cash online


Step 1

Sign on to CIBC Mobile or Online Banking and select Order Foreign Cash.


STEP 2

Choose the currency and amount you need, then confirm the foreign exchange rate.


STEP 3

Choose how you wish to get your cash – home delivery with Canada Post or branch pickup.


STEP 4

Choose an account to complete your payment, then submit. If you chose branch pickup, we'll send you an email when your cash is ready.

Send and Receive Money in Canada (3)

How much foreign cash can you order?

Home delivery
$300 CA to $2,500 CA

CIBC Banking Centre
$300 CA to $50,000 CA

If you're ordering an amount that converts to less than $300 CA, you must pick it up at a CIBC branch.

Toronto Pearson Airport
$300 CA to $9,500 CA

Return to options

Send and Receive Money in Canada (2024)

FAQs

How do I send and receive money in Canada? ›

Interac e-Transfer®

With Interac e-Transfer, you can safely send money to anyone in Canada or receive money directly into your bank account. All you need is an email address.

Is Zelle available in Canada? ›

You can't use Zelle in Canada - it's for payments between US based banks only. Use this handy guide as a way to find alternative providers to make convenient, low cost, online and mobile payments to Canada.

Can someone in the US send money to someone in Canada? ›

When completing an online money transfer from the US to a Canada bank account, you can usually send up to 50,000 USD – or the equivalent in Canadian dollars. If you plan on transferring money at an agent location, a limit of 7,500 USD normally applies.

Can I use Venmo in Canada? ›

Venmo has become one of the most popular ways to send and receive money quickly and easily, which has many Canadians wondering, “Is Venmo in Canada?”. Unfortunately, Venmo is not available in Canada. Thankfully, there are several alternatives that you can use instead.

Does PayPal work in Canada? ›

PayPal is free to use in Canada for domestic transfers and payments. You do not need to pay any fees when you make a payment or receive money through PayPal. However, there are fees associated with certain transactions, such as currency conversion and international payments.

How do I send money to a friend in Canada? ›

Best ways to send money to Canada
  1. Direct Debit. Direct Debit is a convenient option that lets us take money from your account once you have authorised the payment on our site. ...
  2. Bank Transfer. ...
  3. Debit Card. ...
  4. Credit Card. ...
  5. Apple Pay. ...
  6. Google Pay.

Can I use Cash App in Canada? ›

Cash App is not available in Canada. Canadians can use alternative peer-to-peer (P2P) money transfer apps such as Interac e-Transfer, PayPal, Wise, or Venmo (with a US bank account and US phone number). For sending money from Canada to the US or UK, money transfer services such as Remitly or WorldRemit can be used.

Can you Apple Pay to Canada? ›

You will see that both Canada and the United States support Apple Pay. However, you only send and receive money with Apple Pay and the Apple Cash card is available only in the U.S. Customers in Canada, Latin America, and the United States can use Apple Pay.

Can I send money to Canada with PayPal? ›

With PayPal, your international transfers can reach numerous destinations like the Philippines, Canada, China, United Kingdom and more quickly when you send to another PayPal account.

Can you transfer money from a US bank to a Canadian bank? ›

Yes. U.S. Bank processes electronic transfer funds via the Automated Clearing House (ACH) secure network. This is the same network used by the Federal Reserve to clear checks between financial institutions.

Can I gift money to a friend in Canada? ›

You can make gifts to anyone you want, including your children, spouse or common-law partner, parents, grandparents, uncles, aunts, nieces, nephews, friends, charities or even complete strangers! When can I gift? You can make “inter-vivos” gifts during your lifetime, or “testamentary” gifts upon your death.

Can someone in Canada send me money? ›

Interac E-Transfer and Sending Money to the US

If you want to send money to someone in the US, you would have to make global or international transfers through your bank. Interac e-transfer same-day transfers are only available from one Canadian bank account to another.

Which payment app works in Canada? ›

As Apple Pay's e-wallet counterpart for Android phones, Google Pay is extremely popular and is likewise compatible with most Canadian financial institutions' credit and debit cards (the app provides a list of the financial institutions that can be linked; for example Simplii Financial was recently added).

Does Google Pay work in Canada? ›

Google Pay can be used to make purchases in stores and online in Canada, simply by tapping your device or using it to enter your store payment info[1].

Can you e transfer from US to Canada? ›

You can use Interac e-Transfers to send money to anyone in Canada who has an account with a participating financial institution. However, since Interac is a Canadian interbank network, e-transfers are not available outside of the country.

Is Cash App available in Canada? ›

However, it is only available in the United States and the United Kingdom, which is a disadvantage for Canadians seeking a similar experience. Fortunately, there are alternatives and here are some popular options.

What is required to send money to Canada? ›

Send money to Canada by providing your receiver's full name, financial institution number, branch transit number, bank name, account number and address.

How can someone from Canada send you money? ›

Sending Money From Canada to the US

There are multiple online international money transfer services, or you could use PayPal, a bank or wire transfers by making a payment online using their different payment options. Any of these ways make it possible to send money to the states.

How do I send and receive money internationally? ›

You can transfer your money using:
  1. foreign currency bank draft (or cashier cheque)
  2. demand draft (DD)
  3. debit card or credit card.
  4. money order.
  5. wire transfer.
  6. online (bank) transfer.

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