Save Money on Currency Exchange Rates in Mississauga
If you’ve never exchanged your funds into foreign currency before, your first instinct may be to use the services available at the bank. However, if you don’t want to risk being charged a high exchange rate, you may want to search for an alternative option.
At KnightsbridgeFX, we offer currency exchange services to Mississauga residents at the lowest available price. But how does our service work? Let’s find out below.
How Our Service Works: Currency Exchange Mississauga
It’s important to know the ins and outs of your chosen currency exchange service so that you can complete the process seamlessly.
If you’d like to know how our service works at Knightsbridge, we’ll go over the steps for you to complete your transfer:
Get a Quote
Before committing to our service, it’s important to know how much money you’ll receive after your exchange rate is applied to your transfer.
Therefore, we are pleased to offer a free quote to our potential clients, stating the total amount they’ll receive in their chosen foreign currency. You can phone us at 1-877-355-5239 to make this request.
Please note that there is no obligation to use our services after requesting a quote. If it’s not for you, we completely understand.
Book Your Transaction
If you’re satisfied with the quote you’ve received, you can move on to the next step by book your transaction through our website.
Confirm the sum of money stated on the quote you received and complete the form. Shortly after, you’ll receive a trade confirmation receipt restating the details of the transfer.
This receipt will further clarify how much money you’ll receive after the exchange rate is applied to your funds.
And, if you filled out the wrong information or simply need to review the amount, we won’t process the transfer until you verify that you received a confirmation.
Complete the Transfer
Finally, you can complete the foreign exchange process by sending your money via bank transfer or online bill payment.
You don’t have to worry about whether your bank will qualify for this transaction – our service is fully compatible with all banks throughout Canada.
After completing the transfer, you’ll receive your funds on the same day, provided you complete the process before your bank’s cut-off time. Otherwise, the funds will be deposited into your account no later than the following day.
Use our savings calculator to see how much you can save on your next transaction
Take advantage of the best exchange rates when buying US real estate, moving to another country, sending money to family, and paying foreign tuition.
Free same-day transfers, no hidden fees and professional service.
Our converter uses mid-market rates. The rate is subject to change.
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USDYour Funds Are Completely Secure
One of the biggest concerns about using a money transfer service for many consumers is whether their money will be safe during the exchange process.
KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788.
We further protect our consumers by keeping a safety net of $1,000,000, which will be used to cover any potential loss.
Where to Complete Currency Exchange in Mississauga
If you’re new to currency conversion, you may not be aware of which businesses and services conduct do foreign currency exchange. However, there are quite a few options available.
Some places that offer currency exchange in Mississauga are as follows:
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Toronto/Mississauga Pearson International Airport (YYZ) kiosk services
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Hotel exchange kiosks
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Canadian banking institutions
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Currency exchange brokers
All the services listed above will allow you to conduct foreign exchange in Mississauga efficiently. However, the downside to these services is that they charge high fees while offering subpar exchange rates.
So, if your goal is to keep your money in your hands, opt for a currency exchange broker.
At KnightsbridgeFX, our brokers will locate the lowest exchange rate available for your transfer, which is particularly beneficial for consumers sending large transaction volumes ($5,000+).
Such low rates are ideal for Mississauga business owners who conduct operations abroad, international students paying tuition fees, and others who regularly send large volumes of money.
Benefits of Exchanging Currency with KnightsbridgeFX
Our customers can benefit from our foreign exchange service in a number of different ways, in addition to receiving exceptional exchange rates. Some benefits include:
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Security
KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788.
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Quick Delivery
You’ll receive your funds on the same day you complete your transaction and no later than the following day if you do so after your bank’s cut-off time.
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Transparency
All the details of your transaction are stated on your trade confirmation receipt to ensure you’re not hit with any hidden fees or deductions.
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Convenience
Registration and booking only take a few minutes to complete, and our service is fully compatible with all Canadian banks.
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Quality Customer Service
We ensure our customers receive their funds as quickly as possible. Our customer service agents are also available via our toll-free number!
Why You Should Choose KnightsbridgeFX for Currency Exchange in Mississauga
Most banks charge 2-3% when conducting foreign exchange for their customers, which can become quite costly for those sending large transactions abroad or multiple.
However, our goal at Knightsbridge is to save our clients time and money, which we meet by charging rates 2.5% lower than most banks in Mississauga. We will only charge you half a percentage of your transfer.
Further, to make sure we’re providing the best rates, we regularly contact banks to compare our rates.
If you …
- Are moving to the US
- Hold investments in US real estate
- Own a business that imports and exports goods to the US regularly
- Are paying international student tuition fees
- Traveling abroad long-term
…Then our system is the ideal choice for exchanging Canadian and US currency.
Get the Best Currency Exchange in Mississauga with KnightsbridgeFX
KnightsbridgeFX currency brokers have assisted over 130,000 clients in completing foreign money transfers since 2009, and we offer the best rates nationwide.
If you would like to complete foreign exchange in Mississauga, our team at KnightsbridgeFX would be pleased to assist you.
To contact us via telephone, call:
Mississauga: (416) 479-0834
Toll-Free: 1-877-355-5239
Frequently Asked Questions
Tell me about Knightsbridge Foreign Exchange's Best Rate Guarantee.
We are guaranteed to offer you a better exchange rate than your financial institution. If you find a better rate from a competitor, once we verify the exchange rate quote we guarantee that we will beat their rate.
What is the minimum amount I can exchange?
Our typical transaction size is between $2,000 per transaction and up to $40 million annually. We like to keep our minimum to $2,000 but we have some flexibility.When sending funds outside of Canada, intermediary banks and receiving banks may charge the receiving customer to receive a transfer.
Tell me more about the security of funds.
Client funds are held in segregated client account at a major Canadian financial institution, separate from operating accounts, and are completely secure. A trade confirmation contract on our letterhead is sent to you upon execution of your currency transaction confirming all agreed upon details for your records. All transactions have a confirmation number and can be traced electronically with Canadian banks. Funds can be transferred quickly, generally same-day or next business day back to your specified destination. Funds are transferred securely by wire transfer or direct deposit.
All companies that transmit money in Canada must be registered and regulated by FINTRAC. We are registered and regulated by FINTRAC ( a Government of Canada agency) and our registration number is M09819788.
Over several billions of dollars have been converted for thousands of our Canadian clients and we have a number of testimonials in third party reputable business media including the Toronto Star and Globe and Mail.
Our client account and relationship with our Canadian financial institution is in good standing and they are willing to verify this with a bank letter or phone reference (please contact us if required).
We are conveniently integrated with all Canadian banks and you can test our service with a small amount to see how it works.
Why don’t you show your rates online?
The rates change based on the amount you exchange. You can check the rate at any point by using the exchange calculator in your online account or our website . Furthermore, if you call or email us with the amount you want to exchange, we can give you the rate inclusive of our fees based on the dollar amount you are exchanging.
Can I pay with physical cash, cheque, or bank draft?
We are not able to accept payments by cash, cheque, or bank draft.
How can you get an exchange rate better than what banks offer?
Our large transactional volume allows us to obtain purchasing power – we buy in bulk and pass on the great exchange rates to you along with free wire transfers. Moreover, unlike us, banks have very complex infrastructures and charge hidden fees to be able to cover their costs.
Why banks allow you to use them when you are a competitor?
Banks are required to work with us for anti-competitive reasons.
How do I register as a Corporation?
You can easily open a free corporation account by clicking here or navigating to the Sign Up page in the top menu. Follow the registration steps, provide your company information, and upload the required validation documents. Once your account is activated, you can start booking your first trades.
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