What are the alternatives to Remit2Any in Canada for NRIs?

Remit2Any is positioned as a US-to-India remittance service, so it isn't available to Canadians looking to send money to India. The good news: you've got options, from Canadian banks (SWIFT wires and bank-led digital transfers) to specialist money transfer providers. This guide will explore alternative options to send money to India from Canada.

We'll also introduce Wise, your international money transfer alternative. Use Wise to send stress-free transfers to 140+ countries - all at the fair mid-market exchange rate.

Discover Wise 🔎

What are the alternatives to Remit2Any in Canada?

If you're sending money from Canada to India, alternatives usually fall into two buckets:

• Canadian banks: SWIFT wires or bank-run "global transfer" features in online banking/apps. These can be convenient, but fees can show up as transfer fees, exchange-rate spreads, and sometimes intermediary bank charges.
• Specialist transfer providers: Often built for international payments, sometimes with clearer pricing and more delivery options.
• Indian banks with branches in Canada

Canadian banks

Most bank transfers from Canada to India happen via SWIFT (you'll typically need the recipient's bank details and a SWIFT/BIC, and sometimes additional local banking information). Some banks also offer in-app international transfer tools that can be cheaper or faster than a traditional wire.

• RBC International Money Transfer: Send from RBC Online Banking / RBC Mobile. RBC advertises 0 CAD transfer fees and allows up to 50,000 CAD per day¹, with many transfers received within about 2 business days (timing can vary).
• CIBC Global Money Transfer: Send through CIBC Online or Mobile Banking with no transfer fee.² Depending on the destination, CIBC offers several delivery options, including bank deposits, card transfers in some countries, and cash pickup via MoneyGram where available.
• Desjardins International Money Transfers: Transfers are typically sent via SWIFT, with some destinations also supporting international direct deposit.
• National Bank of Canada: Offers two international transfer routes. Online international transfers via Mastercard and Interac are available to a limited list of countries, while SWIFT wire transfers with broader coverage must be arranged at a branch. Fees and processing times vary depending on which option you use.

Indian banks with branches in Canada

If you want a more "India-first" setup, Indian banks with Canadian operations can be a practical option. These services are designed for INR delivery in India and often use local Indian payment rails (like IMPS, NEFT, RTGS) once the funds are processed in Canada.

ICICI Bank Canada: Money2India

Money2India lets you send money from Canada to recipients with bank accounts in India, including accounts at other banks. Transfers can be initiated online, in the app, by phone, or at a branch.

How the transfer reaches India⁹

• Many transfers can be instant, depending on the recipient bank and route used (IMPS/NEFT/RTGS).
• ICICI notes it aims to process money transfer requests within 48 hours, with final timing also depending on the beneficiary bank.

Fees⁹

• Free to send to India from a HiVALUE PLUS Chequing Account
• 5 CAD online from several other ICICI account types (HiVALUE Chequing, Savings, Basic Chequing, Remittance Account).
• 10 CAD via branch/call centre from those same non-HiVALUE PLUS accounts.

If you don't bank with ICICI Bank Canada

• 20 CAD per transfer (up to 6,000 CAD max in a 24-hour period).

Card/ATM (if you also use an ICICI debit card)

• International ATM withdrawal fees have a 3 CAD fee on many account types.

State Bank of India (Canada): Send money to India¹¹

SBI Canada Bank allows customers to send money to India through YONO SBICA and Internet Banking, with zero transaction fees advertised for digital transfers. Payments can be sent to SBI accounts in India or to other Indian banks, with instant credit available on some routes depending on the recipient bank's setup.

Limits¹²

• Send up to 20,000 CAD (or equivalent) via YONO SBICA or Internet Banking. Higher amounts or other currencies are handled via a branch.

Fees¹²

• Free when the transfer is done using the YONO SBI Canada Mobile banking app (INR transfers, account holders).
• 4.50 CAD online (INR transfers, account holders).
• 10 CAD at a branch (INR transfers, account holders).

Money transfer providers in Canada with cash pickup options in India

If your recipient prefers cash or simply doesn't have access to a bank account, these providers can deliver money for cash pickup in India (often alongside bank deposit options). The key thing to watch is the full cost: transfer fee plus the exchange rate you're offered at checkout.

Remember, a "0 CAD fee" promo can look great, but it's not the whole story.

• Providers often show an exchange rate at checkout, and the rate you get can change depending on how you pay and how your recipient receives the money. Western Union and MoneyGram both highlight that rates and fees vary, and that you'll see the exchange rate before you confirm.
• Remitly's India corridor page also calls out that promotional foreign exchange rates apply to certain payment methods and new-customer offers and rates are subject to change.

A simple way to compare providers: Run the same test amount (e.g., 1,000 CAD), choose the same delivery method (cash pickup), then compare how many INR your recipient gets after fees and the exchange rate shown.

Fintech options for Canadian residents

Fintech providers can be a practical alternative to banks and cash-based services, offering online transfers, apps that let you track your money and upfront prices before you commit. Fees and exchange rates still vary, so it's smart to compare what your recipient will actually receive, not just the headline fee.

What makes Wise a great alternative to Remit2Any in Canada?

For Canadians and NRIs based in Canada, Wise removes Remit2Any's main limitation: it's available to Canadian residents and isn't restricted to US-to-India transfers.

Wise uses the mid-market exchange rate for CAD–INR transfers, meaning there's no markup built into the rate. Instead, you pay a clearly shown conversion fee, often starting from around 0.48%¹⁸ depending on how you pay. Before you send, Wise shows the fee, the exchange rate, and exactly how many INR your recipient will receive.

From Canada, you can send CAD directly to Indian bank accounts, with delivery times shown upfront. Limits vary by payment method, but Wise supports both smaller, regular transfers and larger one-off payments.

With a Wise account, you can:

• Hold and exchange 40+ currencies
• Send money to 140+ countries
• Manage CAD, INR, and other balances in one place
• Convert currencies when rates look favourable, not only when you need to send

A Wise account also includes a debit card, available in both physical and virtual versions. You can spend online or in person in 150+ countries, with Wise automatically converting currencies at the mid-market rate using the same transparent fees. There are no monthly fees, and registration and holding money in your account is free.

Wise fees at a glance (Canada)

Conclusion

For NRIs in Canada, Remit2Any isn't an option, but there's no shortage of alternatives. Canadian banks, Indian banks with local branches, and cash-pickup services can all do the job depending on how you send and how your recipient prefers to receive funds. Just be aware of the trade-offs, like how fees are charged and whether exchange rate markups are built in.

For those who want clearer pricing and flexibility beyond India-only services, Wise can be a better fit for NRIs who value transparency over promotions, offering the mid-market exchange rate and transparent, cost-effective CAD–INR transfers from Canada.

Sources verified on 26 March 2026