interest is charged right away with these transactions.there is no interest-free period for cash advances.This can make it much more expensive to send money, since: If you use a credit card to send money, the transaction may be considered a cash advance. Contact the consumer protection office in your province or territoryĭepending on the service you choose, you may be able to set up the transaction in different ways, such as:.Check with the Better Business Bureau in your area.Ask family, friends and members of the community about their experiences.Some money transfer businesses also have outlets located in:īefore you hand over your money, do your research: You can send money to other countries through a variety of businesses and financial institutions including: a credit to a credit card, debit card or prepaid card.That agent, business or bank gives the money to the person you're sending the money to (the recipient).ĭepending on the service, the money may be given as: Transferring money to someone in another country is also known as sending a remittance.Ī business or financial institution in Canada sends the transaction details to an agent, business or bank in the other country.
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