Your guide to money transfers from Canada to Spain with Remitly

Need to send money from Canada to Spain? Remitly offers bank deposits and cash pickup, making it a convenient transfer option. Exchange rates and fees vary, though, and the best pricing is often reserved for new customers.

This guide covers how Remitly transfers work, what you'll pay, and how to track your money. It also explores Wise as an alternative—one that uses the mid-market exchange rate and shows fees upfront.

What Does Remitly Offer for Transfers from Canada to Spain?

Canadians can send money to Spain through Remitly online or via the app. Recipients can receive funds directly into a Spanish bank account, collect cash in person, or receive money to a supported debit card.¹

Key features include:

• Multiple delivery methods: Bank deposit, cash pickup, or debit card deposit (availability depends on the recipient's bank or pickup provider)
• Local delivery partners: Banco Santander, BBVA, CaixaBank, Banco Sabadell, and other Spanish banks and cash pickup networks
• Flexible payment options: Fund transfers using bank accounts or Interac e-Transfer
• App and web access: Send and track transfers via Remitly's website or mobile app

New customers typically receive an introductory offer—a promotional exchange rate or reduced/zero transfer fee, usually capped at a maximum send amount. Returning customers use the same delivery options but pay Remitly's standard rates.

Understanding Remitly's Exchange Rates and Fees

Remitly shows the exchange rate and fees upfront before you confirm. However, pricing varies between transfers and rates change over time, so review the details each time you send.

New Customers vs. Returning Customers

New customers may qualify for promotional offers on their first transfer—reduced fees, promotional exchange rates, or both.² These apply automatically if eligible and are sometimes limited to a maximum send amount.

Returning customers access the same delivery options but pay standard exchange rates and fees. These rates might include a markup compared to the mid-market rate, and fees vary by delivery method.

Exchange Rates Explained

Remitly refreshes exchange rates regularly. Your rate depends on the amount sent, destination country, and delivery method. Rates typically include a markup compared to the mid-market rate. You'll see the exact rate before confirming your transfer.

Fees to Expect

Fees depend on delivery method and how you fund the transfer. Some bank deposits show zero transfer fees, while cash pickup usually includes a fixed charge. Remitly doesn't charge recipients—all costs appear in the transfer summary. Credit card payments may incur additional charges from your card issuer.

Example: Sending 1,000 CAD from Canada to Spain

How to Send Money from Canada to Spain Using Remitly

Remitly is fully digital—no branch visits required. Your recipient doesn't need a Remitly account.

Step-by-step process:

1. Sign up or log in: Download the Remitly app or visit Remitly.com to create a free account
2. Start a new transfer: Select Canada as sending country, Spain as destination, and enter your CAD amount
3. Select delivery method: Choose bank deposit, cash pickup, or debit card deposit based on available providers
4. Add recipient details: Enter your recipient's name and required bank or pickup information
5. Pay and confirm: Select your payment method, review the exchange rate, fees, and delivery estimate, then confirm

How to Track Your Remitly Transfer

Remitly offers several tracking options:

• App: Sign in, go to the Home tab, and select a transfer to view status, delivery estimate, and reference number
• Website: Log in and select Transfer history from the menu
• Notifications: Receive email, text, and app updates when your transfer status changes

Common statuses include: In review, On hold, In progress, Ready for pickup, and Delivered. Remitly contacts you directly if additional information is needed.

Send Money at the Mid-Market Rate with Wise

Wise takes a different approach. Instead of promotional rates or conditional pricing, Wise uses the mid-market exchange rate for every transfer and shows fees upfront.

Transfers go directly to a recipient's European bank account using EUR account details, including an IBAN. This makes Wise practical for larger or repeat transfers where consistent pricing matters.

Comparing CAD to EUR Transfers

What This Means in Practice

• Remitly works well for one-off transfers, cash pickups, or when new customer promotions apply
• Wise suits ongoing transfers and higher-value sends with consistent mid-market rates and clear fees

New to Remitly? How to Set Up Your Account

Setting up your Remitly account is a one-time process for identity verification and security.

1. Create a free profile: Sign up via the app or Remitly.com—no sign-up or monthly fees
2. Verify your identity: Upload identification or confirm personal details depending on your send amount
3. Set your sending country: Choose Canada and confirm you'll send in CAD
4. Add a payment method: Link a bank account, Interac e-Transfer, or card

Once set up, send money anytime without repeating these steps.

Conclusion

Remitly offers flexible options for sending money from Canada to Spain, with multiple delivery methods and wide coverage across Spanish banks and pickup locations. However, exchange rates include a markup, so costs vary—especially after new-customer offers end.

Wise uses the mid-market exchange rate and shows fees separately. This makes costs easier to understand and may offer better value for ongoing CAD to EUR transfers. Comparing options before sending helps ensure your money arrives efficiently at a price that works for you.

Sources verified on 20 March 2026