Sending money online from the UK to Canada using Interac eTransfer involves a few steps, and costs can vary based on several factors. Here’s a general breakdown:

1. Interac eTransfer Basics

• Availability: Interac eTransfer is primarily a service used by Canadian banks and credit unions for sending money between accounts in Canada. To send money from the UK to Canada using Interac, you will typically need to use a money transfer service that can facilitate the transfer to a Canadian bank account via Interac.

2. Cost Considerations

• Transfer Fees: Money transfer services usually charge a fee for sending money internationally. This fee can range from £5 to £20, depending on the provider and the amount being transferred.
• Exchange Rates: When sending money from the UK to Canada, you will also need to consider the exchange rate offered by the transfer service. This can affect the overall cost of sending money, as services may add a markup on the exchange rate.
• Receiving Fees: There may be fees associated with receiving the funds in Canada, depending on the recipient's bank. However, Interac eTransfer itself typically does not charge the recipient.

3. Money Transfer Services

• Some popular money transfer services that may allow you to send money to Canada using Interac eTransfer include:Wise (formerly TransferWise): Known for competitive exchange rates and low fees.Remitly: Offers various delivery options and pricing plans.PayPal/Xoom: Provides fast transfers, though fees can vary.

4. Total Costs

• For a transfer of £100, you might expect to pay anywhere from £5 to £15 in fees, plus any difference in exchange rates. Always check the final amount the recipient will receive before confirming the transfer.

Conclusion

To get the most accurate information regarding costs, it's recommended to compare different money transfer services. Each provider will offer different fees and exchange rates, which can significantly impact the total cost of sending money to Canada.

For any assistance related to UK immigration matters, including applying for a UK sponsor licence, you can visit the ICS Legal website for more information.