Send money internationally and cheap, with Xoom a new Paypal Service
I saw a few ads for this, but never bothered to look into it until my mom asked me to see if it was cheaper than her wiring the money and paying up to $60 CAD each time as a fee.
Note: I am not affiliated with them or sponsoring them, but it just occurred to me that it could be useful for other people to use, as Gen Y Money did a great review on TransferWise, comparing the costs, but I suspect Xoom beats them even on costs and currency exchange fees.
Her chart shows that TransferWise would get you $697.77 USD for every $1000 CAD sent (with $11.61 CAD fees), and when I plugged in the same $1000 CAD into Xoom, I got this:
It looks like more money is received…
..but then again, I did not do this example at the same time Gen Y money did, and may not have used the same currency exchange rate.
Still, it looks pretty simple to send to a bank account directly, or literally to their door.