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Send money from Canada to Israel(CAD → ILS)
CAD
ILS|Updated recentlyMid-market 2.1235Cheapest today
Regency FX
Rate 2.1066 · Fee free
You send
C$1,000
Recipient gets
₪2,107
Affiliate link · No extra cost to you
Quick answer: The cheapest way to send money from Canada to Israel in May 2026 is Regency FX, which delivers 2,106.56 ILS on a 1,000 CAD transfer with a fee of zero.
Last reviewed: by Awais Imran, Reviews Editor
What is the cheapest way to send CAD to ILS?
Sending C$1,000 from Canada to Israel. Sorted by best value — most money received.
Source: SendMoneyCompare · Data updated every 6 hours from live provider APIs
#ProviderRateFeeRecipient gets
Rate 2.1066·Fee Free·0.80% markup
Some links on this page are affiliate links. We may earn a commission at no extra cost to you. This does not affect our rankings, which are based on real transfer data. Editorial policy
Sending money from Canada to Israel? Compare real-time exchange rates and fees across leading money transfer services. Find the provider that gives you the best ILS amount today.
Whether you're supporting family in Israel or paying for business services, finding the cheapest way to send money from Canada matters. Exchange rate markups and transfer fees add up — especially on regular transfers. Our real-time comparison helps you cut costs by showing the exact amount your recipient gets from each provider.
Which provider offers the best CAD to ILS rate?
Regency FX
4.8Exchange rate
2.1066
Fee
Free
Recipient gets
₪2,106.56
Speed
Same day to 2 business days
Which provider is best for each transfer type?
Different providers excel at different things. Here's who's best for each use case on the Canada to Israel route.
Cheapest transfer
Regency FX
Delivers the most ILS for your money
Fastest transfer
Regency FX
Delivers in Same day to 2 business days
Bank transfer
Regency FX
Best rate for bank deposit to Israel
How to send money to Israel
Sending money to Israel is straightforward with the right provider. Here's how it works in 3 simple steps.
Step 1
Enter your transfer details
Choose how much CAD you want to send, compare providers above, and pick the one offering the best ILS amount for your transfer to Israel.
Step 2
Add your recipient
Enter your recipient's details in Israel — you'll need their iban. Most providers verify details instantly.
Step 3
Send & track your transfer
Pay using bank transfer, debit card, or credit card. Track your money in real-time until it arrives — bank deposit typically takes 1–3 business days.
What you need to send money to Israel
Make sure you have these details from your recipient before starting your transfer.
Full name
Recipient's full name as registered with their Israeli bank account
IBAN
23-character IBAN starting with 'IL' followed by 2 check digits, 3-digit bank code, 3-digit branch code, and 13-digit account number
Example: IL620108000000099999999
SWIFT/BIC code
SWIFT code for international wire transfers
Bank branch number
3-digit branch (snif) number — important for Israeli domestic transfers
Example: 689
Note: Israel uses 23-character IBANs starting with 'IL'. The Israeli banking system identifies accounts by bank number (3 digits), branch/snif number (3 digits), and account number (up to 13 digits). Israel is not part of SEPA, so transfers from Europe go via SWIFT.
Transfer examples: CAD to ILS
See how much your recipient would get for common transfer amounts.
Send C$500
ProviderFeeReceives
Regency FX
2.11 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
Regency FXFree2.11₪1,053Same day to 2 business days
Send C$1,000
ProviderFeeReceives
Regency FX
2.11 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
Regency FXFree2.11₪2,107Same day to 2 business days
Send C$5,000
ProviderFeeReceives
Regency FX
2.11 · Same day to 2 business days
ProviderFeeRateReceivesSpeed
Regency FXFree2.11₪10,533Same day to 2 business days
How much does it cost to send money from Canada to Israel?
Transfer fees from Canada to Israel vary by provider. Specialist services charge C$0–10 per transfer, while banks charge C$25–50 plus a 2–5% exchange rate markup. The exchange rate markup is usually the bigger cost — always compare the total ILS your recipient receives, not just the advertised fee.
Understanding the total cost
The true cost of a money transfer has two components:
Transfer fee
The upfront charge — typically C$0–C$10 with specialist providers.
Exchange rate markup
The hidden cost — the difference between the provider's rate and the mid-market rate (2.1235).
Ways to send money to Israel
Choose how you want to pay for your transfer. Each payment method has different costs and speeds.
Bank deposit is the primary method for receiving international transfers in Israel. Israel has a highly developed banking system with strong digital platforms. Bit and PayBox are popular domestic payment apps but are not yet widely supported for international inbound transfers.
Bank Transfer
Low costSpeed: 1–3 business days
Usually the cheapest option — lowest fees and no card processing charges
How can my recipient receive money in Israel?
Your recipient in Israel can receive money through these delivery methods. The best option depends on their location and preferences.
Bank Deposit
1–3 business days
Direct SWIFT transfer to Israeli bank accounts. The standard method for international transfers.
WiseRemitlyWorldRemitWestern Union+1 more
Cash Pickup
Minutes
Collect cash from agent locations and post offices across Israel.
Western UnionMoneyGram
What are the transfer limits and regulations for Israel?
Important rules and requirements to know before sending money to Israel.
Regulatory body
Bank of Israel (BOI)
Inbound transfer limits
No cap on incoming transfers, but amounts over ILS 50,000 require declaration of source and purpose
Documentation you may need
- Sender's government-issued photo ID
- Purpose of transfer declaration
- Recipient's Israeli ID (Teudat Zehut) number for compliance
- Source of funds documentation for large transfers
Important things to know
- Israel has strict anti-money laundering regulations — banks may request extensive documentation.
- The new Israeli shekel (ILS) is a freely floating currency managed by the Bank of Israel.
- Israeli banks typically charge incoming wire fees of ILS 15–30 per transfer.
- Tax reporting obligations exist for Israeli residents receiving funds from abroad — consult a tax advisor for large amounts.
How long does it take to send money to Israel?
Most transfers from Canada to Israel arrive within 1–2 business days with specialist providers. Bank wires take 3–5 business days. Some providers offer instant or same-day delivery to Israel for a small premium.
Standard delivery
- Regency FXSame day to 2 business days
Popular banks in Israel
These are the most commonly used banks for receiving international transfers in Israel.
BankSWIFT/BICNotes
Bank Hapoalim
POABORILXXX
Bank Leumi
LUMIILITXXX
Israel Discount Bank
IDBORILITXXX
Mizrahi Tefahot Bank
MIZBILIT
First International Bank of Israel (FIBI)
FIRBILITXXX
Bank Yahav
ABORILITTXXX
Common questions about sending money from Canada to Israel
What is the cheapest way to send money from Canada to Israel?
The cheapest option changes daily based on exchange rates. Use our comparison table above to see today's rates from every provider. Specialist services like Wise, Remitly, and OFX consistently offer better value than banks.
How long does it take to send money from Canada to Israel?
Most specialist providers deliver to Israel within 1–2 business days. Some offer instant delivery for certain payment methods. Bank wires typically take 3–5 business days.
How much does it cost to send C$1,000 from Canada to Israel?
Costs depend on the provider's fee and exchange rate markup. Compare all providers in our table above to see exactly how much ILS your recipient would receive from a C$1,000 transfer today.
Can I send money from Canada to Israel online?
Yes, all the providers we compare support online transfers from Canada to Israel. Most also offer mobile apps. You can typically pay by bank transfer, debit card, or credit card.
Is it better to use a bank or a money transfer service to send money to Israel?
Money transfer services are almost always cheaper. Banks typically charge C$25–50 per wire plus a 2–5% exchange rate markup. Specialist providers charge C$0–10 with markups under 1%, saving you significantly on every transfer to Israel.
Everything about sending money to Israel
Recipient requirements, delivery methods, regulations, popular banks, and more.
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