Mapleview Mall Burlington: Currency Exchange

If you’re looking for currency exchange at a Burlington mall, your best option is the Mapleview Centre.  The Mapleview Centre located on 900 Maple Avenue, and it’s the largest commercial/retail mall in the City of Burlington Ontario.  If you’re looking for a convenient FX location within Burlington city limits, the mall has a number of different options for international foreign currency exchange.  The easiest money exchange to spot in the mall is Continental Exchange, a retail currency exchange chain that has a number of branches scattered throughout Southern Ontario.  Continental Currency exchange’s rates are usually somewhat favorable to airports and hotels, and may even be better than your bank. They also offer a number of different cash currencies that they carry on hand.  If you’re looking to send money globally, they also provide an international wire and money transfer service.  Their service is good for smaller amounts, if you’re looking to exchange higher volume, it is best to look elsewhere.

Alternative foreign exchange options within this area include the various banks that have branch locations in the surrounding areas.  TD Canada Trust is located down the street at the Plains and King Road intersection, there’s a CIBC and a President’s Choice at Plains Road and Designers Way, and a Credit Union Central of Ontario LTD is located at the Brant and Fairview Street intersection.  Further down towards the waterfront you could also find a National Bank and an RBC branch as well.  Banks typically don’t have the best rates, especially since their spread changes constantly. However, it’s hard to ignore that they are a convenient option if you’re an existing customer that is also subscribed to some premium banking services which allow you to get preferential exchange rates.

The last option is the Money Mart that is located nearby right at Plains Road East and Fairview Street.  Money Mart is a chain that specializes in cash advances, small business loans, as well as a standard foreign currency exchange service.  Typically Money Mart cash operations are not as competitive as other independent currency exchange brokers, especially ones that emphasize the use of digital platforms.

Foreign Exchange At Banks in Downtown Burlington

Typically, people will tend to flock to their banks as their primary choice for currency exchange.  Burlington, like most cities within the Greater Toronto area, has a large number of banking options for international currency exchange including the Big Five Canadian Banks; which comprises of TD Canada Trust, RBC, BMO, CIBC, and Scotia Bank.  These banks have a multitude of branches spread all over the city, especially in the busy commercial and retail core centers.  HSBC, National Bank and Tandia also have branch locations within the city which serve as healthy competition to the big five.

Banks are usually convenient locations for exchanging currencies simply because the majority of people are misinformed about alternative providers. Many individuals simply don’t know that better options are out there, since they often have to stumble upon them.  This lack of knowledge means that the banks get away with offering some of the worst FX rates imaginable because their existing customers will choose them out of convenience.  In some cases, banks will provide favorable exchange rates that are more competitive to premium members, but you will have to be subscribed to some elite services that come with their own separate fee structures.