Canada is one of the countries in the world that readily open their arms to expats, immigrants and international travelers.

Despite the ongoing world recession, Canada still offers a unique range of immigration and visa programs.

Interestingly, people are excited at the prospect of going to Canada because of the diverse job opportunities and social security benefits for immigrants.

Also the Canadian education system and health facilities are highly subsidized.

If you are among the lucky ones to  get a Canadian visa, you have a great deal of advantage and it is likely that you are hoping to send money home or to your family and friends in other countries.

To send money abroad as a Canadian Immigrant, you will save yourself time and money if you use modern money transfer services like Fintech apps or mobile wallet service providers.

Instead of using the traditional bank transfer methods, which charge a high fee and take several days to conclude an international transfer, you can send money overseas from Canada at a swiffer and more affordable rate from the convenience of your device.

In this article, we will highlight some of the trusted apps used by immigrants in Canada to process international transfers.

OhentPay

OhentPay is a global Fintech solution that helps immigrants, individuals and businesses to send and receive international transfers around the globe.

They charge a very competitive processing and markup fee. Also, transferring money with OhentPay takes less than twenty minutes, as long as you enter the correct information.

OhentPay is registered as a money service business with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) under registration number M20343943.

To transfer money from Canada with OhentPay.

• First, create a free account on the OhentPay app. The app is available to Android and to IOS users.
• Once your account gets verified, you can begin to make international transfers
• To transfer money internationally, go to your dashboard and click on 'Send Money'
• Select the currency you want to send money and also the country you want to send money to in Nigeria. 
• Input the recipient's information, including their name, contact details, and bank account information. Always double-check the information that you have provided to avoid any errors.
• Enter the amount you want to send and add your debit card, so your OhentPay account will be funded. 
• Confirm the recipient’s details and enter your PIN to confirm the transaction. 

Send money across borders!

Download

PayDay

PayDay is a money service company that offers peer-to-peer mobile money transfer. This means that you can only make transfers from your PayDay account to other PayDay users 

PayDay offers multi-currency wallet in Dollar, Pounds, Euro and other local currencies which allows you swap between currencies, store money and fund your virtual card incase you need to spend in any country or currency 

Their Canadian office is located at 2800 Park Place 666 Burrard St Vancouver.

How Canadian immigrants can use PayDay for international transfers.

• Create an account using the PayDay app
• Once your account is verified, you will be given a unique code known as PayDay tag
• With your PayDay tag you can make swift transfers to another PayDay users
• PayDay charges a flat fee of $25 or 0.5% for international transfers

This charge is subject to change depending on the company's decision, destination country or market rates.

Wise

Wise is a financial service provider that operates in about 160 countries and carries out transactions in over 40 currencies.

With Wise you can transfer money from Canada and the recipient will receive it in few minutes or within one working day.

You can also track your transactions from the comfort of your device using the Wise mobile app.

How to send money from Canada with Wise.

• Create a free account on the Wise mobile app
• When your account gets verified, top up your account with any currency of your choice
• To make international transfer, set up your payment order, enter the recipient's bank details and email address
• Choose a delivery method 
• To complete your payment order, you need to pay the amount you want to transfer to Wise using either bank transfer or bank card
• Your money will be converted into the currency of the receiver at the foreign exchange rates and delivered to the recipient 
• The recipient may get the money instantly or within a day, depending on the delivery method
• Wise Charges only 0.43% of the total amount sent.

This charge depends on the destination country and currency.

Lemfi

Lemfi originally known as Lemonade Finance is a Financial service solution that handles the financial needs of migrants. Lemfi offers services like international transfers, global account opening and payment services.

With Lemfi multi-currency wallet, you can have an account in any currency of your choice from any country you reside in.

In Canada, Lemfi is registered as Lemonade Technology Limited with the Financial Transactions and Report Analysis Centre as a Money Service Business. Their Canadian office is located at 786 King Street West, Toronto, Ontario, Canada.

How to use Lemfi for international transfers as an immigrant in Canada.

• Download the Lemfi app and create an account
• Log in and on your dashboard, click on 'Send Money'
• Select Canadian Dollar as the primary currency and the currency of the recipient as the secondary currency
• Include a comment or reason for payment and continue
• Choose a delivery method (bank account, cash pickup or mobile wallet)
• Click on 'New Beneficiary' and input the recipient's details
• Verify the information and send.

Another way to transfer money from Canada using Lemfi, is by receiving money request through a payment link that the recipient shares with you. Once you accept the request, you can pay via bank transfers, card or even mobile money.

Xe

Xe is a money service provider that started out as Xenon Laboratories before the company decided to fully focus on its currency and foreign exchange tools and services.

The Xe app is one app that is best for currency conversion, sending money online and tracking exchange rates.

How to send money from Canada with Xe.

• Create a free account using the Xe app
• On your dashboard, begin the transfer by choosing 'from Canada'
• Then, enter the amount you want to send and select the currency you want to transfer 
• Input the recipient's bank information 
• Enter your payment details, you can send the money using either direct debit, bank transfers, or card payments.
• Xe charges a small processing fee depending on the amount you are sending. The fee will be displayed before confirmation 
• Confirm your transaction and submit.
• Typically the recipient will receive the money within 1-4 business days. However some transfer arrives swiffer. The delivery speed depends on the destination country and delivery method.

Conclusion

Now that you know the apps that immigrants in Canada use to transfer money abroad, you don't have to spend days waiting for the traditional bank transfer methods nor do you need to spend more money on international transfers from Canada.

If you have any questions, feel free to ask in the comments section and let us know the app you will try out on your next international transfer.

Send money across borders!

Download