CadRemit is at the top of the list, especially if you’re sending money between North America, Europe, and Nigeria. With over 10,000 users, it’s the go-to app for fast, stress-free international transfers.  With no long waits, no high rates, just speed, reliability, and real value.

You can send and receive CAD, USD, Euro, and Naira using transfer options like SEPA, ACH, Interac®, and Push To Card.  When you make a transfer, the receiver will get it instantly. So your money moves quickly, wherever it’s going.

Wise was founded in 2011 by Estonian entrepreneurs. Since then, it has been providing its services to over 16 million customers worldwide. Also, it processes over $8 billion in transactions monthly.

Wise's flagship feature is its multi-currency borderless account. This allows users to hold, receive, and send money in over 50 currencies. Moreover, this account functions like a local bank account in multiple countries. It comes complete with local account details for major markets including the US, UK, EU, Australia, and others. Users can receive salaries, freelance payments, or business income as if they were residents. This helps them to avoid expensive international wire transfer fees.

Wise built its reputation on transparency. It always shows users the real mid-market exchange rate. On the platform, users can see all fees upfront. Their fee structure varies. It depends on your location and payment method. However, it is generally competitive, especially for larger transfers. The platform's fee calculator allows users to see exactly what they will pay and what the recipient will receive before initiating a transfer.

However, Wise's fees have increased over the years as the platform has expanded its services. At the same time, regulatory requirements have grown. While still competitive, newer players like CadRemit have better rates.

Best for: Frequent travellers, digital nomads, and businesses. It is also good for users who need multi-currency account functionality.

Remitly is popular among immigrant communities. It focuses specifically on users who send money to their families in their home countries. Founded in 2011 and publicly traded since 2021, Remitly has processed over $50 billion in transfers. It serves millions of customers across North America, Europe, and Asia.

Remitly has a deep understanding of immigrant communities and their specific needs. It provides localised experiences in multiple languages and has built strong partnerships with banks, mobile money providers, and cash pickup networks in key receiving countries. 

Remitly has two distinct service levels: Express and Economy. Express transfers typically complete within minutes to hours and carry higher fees. On the other hand, economy transfers take 1-3 business days but provide better exchange rates and lower fees. This tiered approach allows users to choose between speed and cost based on their specific needs.

Remitly has a strong focus on customer experience. It offers a range of features to make transfers easier, including a fee calculator, a transfer tracker, and a customer support team that is available 24/7.

Best for: Users who need to send money to their families in their home countries. It is also good for users who need to send money to their friends and family in other countries.