In August 2025, the Canadian dollar (CAD) experienced fluctuations against the U.S. dollar (USD), reaching a 13-day low of 1.3812 USD per CAD on August 14, following a surge in U.S. producer prices and weak Canadian labor data . As a result, many individuals seeking to send money from the U.S. to Canada are exploring cost-effective alternatives to traditional methods like Zelle.

Zelle: Limited for International Transfers

Zelle is a popular domestic money transfer service in the U.S., allowing users to send money directly between bank accounts within minutes. Typically, there are no fees for consumers to send or receive money with Zelle . However, Zelle® is designed for domestic transactions and does not support international transfers. To use Zelle, both the sender and recipient must have U.S. bank accounts.

Therefore, if you're looking to send money from the U.S. to Canada, Zelle is not a viable option.

Panda Remit: A Cost-Effective Alternative

Panda Remit offers a more economical solution for transferring money from the U.S. to Canada:

• Competitive Exchange Rates: Panda Remit provides a fixed exchange rate of 1 USD = 1.3762 CAD, ensuring transparency and predictability in the amount your recipient will receive.

• Low Transfer Fees: Unlike traditional banks that charge high fees for international transfers, Panda Remit offers low transfer fees, making it a cost-effective choice for sending money to Canada.

• Fast Transfers: Transfers via Panda Remit are processed quickly, often within minutes, allowing your recipient in Canada to access the funds without delay.

• Secure Transactions: Panda Remit employs robust security measures to protect your financial information, ensuring peace of mind.

How to Use Panda Remit

1. Download the App: Available on both iOS and Android platforms.

2. Register: Create an account using your email or phone number.

3. Initiate Transfer: Enter the recipient's details and the amount to send.

4. Confirm and Send: Review the transaction details and confirm to complete the transfer.

Note: While exchange rates can be viewed on the Panda Remit website, all transactions must be completed through the Panda Remit mobile app.

Ready to Get Started?

Don't let high fees and unfavorable exchange rates eat into your hard-earned money. Experience the benefits of low-cost, fast, and secure transfers with Panda Remit. Register now and enjoy fee-free transfers on your first transaction!

In conclusion, while Zelle® is a convenient option for domestic transactions within the U.S., its limitations make it unsuitable for international transfers. Panda Remit offers a more cost-effective and transparent alternative for sending USD to CAD, ensuring that your money reaches its destination quickly and securely.