It’s easy to send money from Canada and recently I discovered that none of my friends were using the cheapest way. The strangest point is the fact that almost all of them were sure to be using the cheapest solution, “because I compared”, they say. So the question is what are the different methods to compare and why their method didn’t work.
Comparing the best options to send money abroad from Canada, only once
Let’s say you want to transfer money from Canada now, you are going online and are taking a look at the different options. First problem: there are more than 500 operators providing money transfers from Canada, how are you going to compare all of them in one day? Second problem: their rates change every second: how are you going to know which one is the cheapest. There is no doubt, you should take a look at a comparison website which is already comparing all the options in real time. Easy. Simple. Fast.
Comparing the best options to send money abroad from Canada, every time in a few clicks
Let’s say you are going to transfer money from Canada every month, then you should not choose one solution. However you should choose to use a comparison service every time you need to send money abroad from Canada. Therefore you are going to use the cheapest solution on the market every time. Simple. Efficient. In a few clicks.
If you compare the best alternatives to send money abroad once, you are going to be screwed because you are going to choose to register with a solution currently promoting good rates. What is important for you is to transfer money with an affordable solution, not transfer money once for free and then with huge costs. So the best option you have online when you want to transfer money from Canada is to use a comparison service every time you need to send money abroad. Comparison services make money if you use them so they tend to feature accurate rates in partnership with money transfer services. The good news is that money transfer comparison tools are free for individuals.