Guaranteed to Beat Most Currency Exchange Rates in Ottawa
With Ottawa’s close proximity to the U.S. border, many locals of the Capital city may need to transfer their CAD for USD for business, travel, and other bulk transactions. However, many Canadian consumers aren’t aware of the many options for money exchange, often resulting in them paying high overhead fees.
However, our team at KnightsbridgeFX is here to provide the best currency exchange in Ottawa at the lowest possible price. But how does our service work? Let’s take a look below.
How Our Service Works: Ottawa Foreign Exchange
So far, our foreign exchange broker team has successfully assisted Canadian clientele in transferring over 2 billion dollars using our money transfer service.
Potential customers can conduct foreign exchange in Ottawa by following the steps below:
Get a Quote
Before trusting your hard-earned money to a new service, we understand that it’s important to know what you’re signing onto before you commit.
Therefore, we’re happy to provide you with a free quote for the amount of money you wish to transfer, detailing what you’ll receive after completing the transaction.
To receive a quote, phone us at 1-877-355-5239 and speak to one of our customer service representatives to make the request.
You are not obligated to use our services after you get a quote.
Book Your Transaction
If you’d like to move forward with our services after reviewing your quoted exchange rate, it’s time to book your transaction.
On the transfer form, confirm the exchange rate from the quote you received, and we’ll send a receipt. Your receipt will list the full transfer details so there are no surprises regarding what you’ll receive following the completion of your transaction.
If you accidentally entered the wrong information or simply wish to check the details, don’t worry – we’ll never complete the process of transferring the funds until you’ve verified everything is correct.
Complete the Transfer
Once you’ve confirmed, you can send a bank transfer or online bill payment to complete the process of exchanging your funds.
Our service works with all operating banks in Ottawa and throughout Canada, so don’t worry about checking if your bank qualifies.
Once you’ve completed the transfer, you’ll receive your funds the day of or the day following the completed transfer process.
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 100% Secure
At KnightsbridgeFX, you don’t have to worry about whether your money is safe and secure. Our service is regulated by a Canadian government agency called FINTRAC, which serves as a precaution to prevent your funds from being intercepted by fraudsters.
As well, we further guarantee the protection of your money by retaining a $1,000,000 safety net.
How to Conduct Currency Exchange in Ottawa
Locals in Ottawa can have their funds exchanged into foreign currency through a number of different means. Some places for currency exchange are as follows:
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Ottawa Macdonald-Cartier International Airport
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Hotel currency exchange services
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Kiosk services
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Bank currency exchange
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Ottawa currency exchange brokers
While all of the above options are applicable, utilizing the services of a currency exchange broker offers a greater guarantee of receiving a much lower exchange rate than these other services provide, particularly for larger sums of money.
Our currency exchange brokers at KnightsbridgeFX are tasked with locating the lowest possible foreign exchange rate available to ensure you’re not paying more than you should.
This is particularly beneficial for individuals and businesses handling larger sums of money (such as transfers over $5,000) for school fees, international employee payroll, etc.
What Are the Benefits of Exchanging with KnightsbridgeFX?
There are many benefits our customers can enjoy by using our foreign exchange services, in addition to saving money. Some of these benefits include the following:
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Security
Our service is regulated by FINTRAC to offer a greater guarantee of security. We also have a safety net of $1,000,000 for added protection of your funds.
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Quick Delivery
If you book your transfer before your bank’s cut-off time, you’ll receive your funds on the same day. Otherwise, you’ll receive them the following day.
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Transparency
We believe in being fully upfront about what our services entail. We’ll send a receipt reaffirming the details of your transfer – there are no hidden fees or deductions included.
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Convenience
It only takes a few minutes to complete your registration and booking, and you can complete your transfer from any Canadian banking institution.
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Quality Customer Service
Our service is quick and efficient, and if you need additional help, you can reach our friendly customer service representatives at our toll-free number.
Why You Should Choose KnightsbridgeFX for Currency Exchange in Ottawa
It can be difficult for Ottawa residents to find a foreign exchange service in their area that doesn’t overcharge on exchange rates.
While the first interest of banks and other financial institutions is to make money, here at Knightsbridge, our focus is to provide you with the lowest rates possible.
Our rates are 2.5% lower than most banks in Ottawa. In fact, we make a point of contacting the banks on a regular basis to ensure our rates are still the lowest possible.
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 Money Exchange Rate in Ottawa
Conducting foreign currency exchange in Ottawa can be as simple as hitting a few buttons, and at KnightsbridgeFX, you can complete a transfer within minutes.
Our qualified brokers have managed to help over 130,000 Canadian residents nationwide transfer their CAD into foreign funds since 2009, and we’d love to help you, too.
To contact us via telephone, call:
Ottawa: (613) 704-1798
Toll-Free: (1-877)-355-5239
If you’d like to contact us in person, you can stop by our Ottawa office:
World Exchange Plaza
45 R. O’Connor St #1150
Ottawa, ON
K1P 1A4
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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