BER Benchmark: National Bank of Canada CAD FX Rates & Margins
BER Benchmark monitors National Bank of Canada exchange rates across the CAD currency corridors tracked by BER. The current average margin versus the mid-market rate is 3.0%.
This average is based on the CAD 10,000 transfer rates currently monitored by BER across the available National Bank of Canada currency corridors.
National Bank of Canada - Lowest and Highest FX Margins
BER Benchmark ranks the National Bank of Canada currency corridors currently monitored for Canadian dollar transfers by their margin versus the mid-market rate. The tables below highlight the lowest-margin and highest-margin corridors for a CAD 10,000 transaction.
National Bank CAD transfer rates and fees
BER measures National Bank's exchange-rate margin by comparing the applicable published non-cash customer quote with a current market mid-rate. National Bank does not state one universal percentage margin for every currency and transfer method.
| Transfer method | Listed bank charges | Published amount limits |
|---|---|---|
| Online Mastercard and Interac international transfer | CAD 5.95 per transfer | CAD 10 minimum; CAD 10,000 maximum per transfer; CAD 70,000 weekly; CAD 125,000 monthly |
| Branch SWIFT wire | 0.34% commission, minimum CAD 20 and maximum CAD 70, plus CAD 15 transmission to Canada or the US or CAD 20 elsewhere | No published amount limit |
The online and branch services have different destination coverage. Associated, intermediary or recipient banks can add charges, so compare the expected delivered amount as well as National Bank's rate and fee.
National Bank CAD transfer questions
How are the National Bank rates presented?
The source table shows the Canadian-dollar value of one unit of each foreign currency. BER converts the bank-sells quote into foreign currency per CAD for outbound comparisons.
How does BER show an incoming conversion to Canadian dollars?
BER uses National Bank's bank-buys quote and converts it to the reciprocal direction used in the comparison table. If the bank does not publish a buy quote, BER does not invent an inbound rate.
Are the rates guaranteed?
No. National Bank describes the table as indicative. The exchange rate for an online transfer or branch wire is calculated when the transaction is prepared.
Why might some currencies lack an inbound rate?
National Bank's current non-cash publication does not show a valid bank-buys quote for every listed currency. BER keeps the published outbound coverage but omits an unavailable reverse direction.
What fees apply?
The bank lists CAD 5.95 for its online Mastercard and Interac international transfer. Branch SWIFT wires use a percentage commission with minimum and maximum amounts plus a transmission fee. Other banks may also deduct charges.
Compare National Bank of Canada rates from Canadian dollars.
What is the
best Send Money conversion rate for CAD to PLN?
The best CAD to PLN exchange rate is 2.6691 from OFX . This is -0.5% compared to the mid-market rate 2.6825.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to Polish zloty (PLN) rates from different sources before making a conversion.
The above National Bank of Canada - Loonie to Zloty comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by National Bank of Canada and other foreign exchange providers against the latest CAD-PLN mid-rate and the possible savings of using various providers.