If you’re sending money outside of Canada, whether it’s to a business or a loved one, there are a few things to consider.
There are different ways you can send money internationally, including through your bank, or a foreign exchange broker. And there may be a fee for sending or receiving the money, so check this first.
With HSBC, you can use online banking to make a wire transfer to someone outside of Canada.
Before you start, make sure you have:
Find out more about what you need before you send a wire transfer.
If you’re transferring money to a new payee, you need to add them to your payee list before you can make a wire transfer.
Follow our step-by-step guide on how to use a wire transfer to send money.
If you want to send $7,000 or less to someone in Canada, you can use INTERAC e-Transfer®.
If you need help making a transfer, contact us on 1-877-621-8811, or visit us in branch.
It pays to be careful when sending money outside of Canada. Take some time to find the right international money transfer service, so you can feel confident your money is secure and will arrive safely.
When sending an international payment through HSBC online banking for the first time, we’ll ask you to authorise your payment. This added level of security verifies your credentials and increases your security against possible fraud.
If you have chequing accounts in different countries, you may need to transfer money between them. It could be a regular payment, or a one-off, but it’s worth being aware that there may be a fee for doing this.
HSBC Global View and Global Transfers lets you transfer money between globally linked accounts without a fee. You’ll also be able to see your eligible international accounts in one place and set up recurring payments, if needed.
Exchange rates can fluctuate quickly, so check the information you’re shown on websites is up-to-date. Be sure to input the exact amount you're looking to send, as this may affect the rate you're offered.
Remember to check if there are any fees or charges for sending, or receiving, the money. Fees may vary between money transfer services and for the amount you’re wanting to send.
Explore: Foreign Exchange Calculator
If you want to regularly send money outside of Canada to the same person, consider setting up a recurring payment.
You may even be able to set up future payments, so you don’t forget.