Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's XOF to CAD (CFA Franc BCEAO to Canadian Dollar) exchange rates

Benin
Canada
XOF
Interbank Exchange Rate: 1 XOF = 0.0025 CAD
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 XOF =
2.40 CAD
Transfer Limit (XOF): No Limits
Indicative Rate1 XOF = 0.0024 CAD

📢 B2B transfers only

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about CFA Franc BCEAO to Canadian Dollar money transfers

Easily compare money transfer providers in one place to send money from Benin to Canada. Send money overseas to your loved ones by comparing CFA Franc BCEAO (XOF) to Canadian Dollar (CAD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

RemitFinder compared 1 money transfer operators to get you the best FX rates to send money from Benin to Canada.

The best rate to send Canadian Dollar from CFA Franc BCEAO to your loved ones in Canada is currently offered by Verto; their 1 XOF to CAD exchange rate today is 0.0024.

Were you looking to send money from Canada to Benin instead?

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.


Latest XOF to CAD Conversion Rates

Here are some latest XOF to CAD (CFA Franc BCEAO to Canadian Dollar) exchange rates for popular conversion amounts*.

1 XOF0.00 CAD
5 XOF0.01 CAD
10 XOF0.03 CAD
25 XOF0.06 CAD
50 XOF0.13 CAD
100 XOF0.25 CAD
150 XOF0.38 CAD
200 XOF0.50 CAD
250 XOF0.63 CAD
300 XOF0.75 CAD
400 XOF1.00 CAD
500 XOF1.25 CAD
600 XOF1.50 CAD
700 XOF1.75 CAD
800 XOF2.00 CAD
1,000 XOF2.50 CAD
1,500 XOF3.75 CAD
2,000 XOF5.00 CAD
2,500 XOF6.25 CAD
3,000 XOF7.50 CAD
4,000 XOF10.00 CAD
5,000 XOF12.50 CAD
10,000 XOF25.00 CAD
15,000 XOF37.50 CAD
20,000 XOF50.00 CAD
30,000 XOF75.00 CAD
40,000 XOF100.00 CAD
50,000 XOF125.00 CAD
100,000 XOF250.00 CAD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money to Canada from Benin?

Sending money internationally to Canada from Benin can be a challenging task given so many companies willing to move your money overseas. You can rely on RemitFinder to choose the best provider who can offer the most value while ensuring safety and security at the same time.

Our money transfer comparison engine does a real time comparison of exchange rates from various foreign exchange providers to bring you the best choices for your CFA Franc BCEAO to CAD remittances.

Every company listed on our platform has been fully vetted by our team to ensure you get access to safe, secure and reliable providers to help you send money to Canada. Our partners also provide exclusive offers and discounts to our customers so they can save even more on their next money transfer. You can take advantage of these promotions so your loved ones back home get the maximum amount in Canadian Dollar.


How to get the best exchange rate for your money transfers from Benin to Canada?

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your XOF to Canadian Dollar money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Benin to Canada. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for XOF to CAD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


What's the cheapest way to send money from Benin to Canada?

The final amount your recipient gets when you send XOF to CAD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Benin to Canada used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Canadian Dollar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best CFA Franc BCEAO to Canada exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


Should I use my bank to send money from Benin to Canada?

We do not recommend using your local bank in Benin for your next XOF to CAD overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Benin to Canada (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending CAD to Canada. These companies will let you use your local bank account in Benin to pay for your Canada money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


What is the fastest way to transfer money from Benin to Canada?

If you need to convert XOF to CAD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Benin to Canada could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your CFA Franc BCEAO to Canadian Dollar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Canada.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Benin to Canada. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money from Benin to Canada?

Comparing money transfer companies for sending money to Canada from Benin can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Canada. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your CFA Franc BCEAO to Canadian Dollar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the Canadian Dollar yield on every CFA Franc BCEAO that you send.


Step by step guide to do a money transfer from Benin to Canada

The first step to send money to Canada from Benin is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your XOF to CAD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Canada if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Benin bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Canada!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Benin to Canada.