BURNABY: Currency Exchange (Call 1-877-355-5239)
It should come as no surprise that banks are notorious for charging hefty fees on top of the financial services that they offer. Unfortunately, currency exchange is no exception to this rule. When looking to buy or sell US dollars in Burnaby, your primary instinct would lead you towards a large traditional bank. Although seemingly convenient, all of the major banks in Burnaby like HSBC, RBC, Scotia Bank, and TD charge exceptionally high fees for their services. Many of these fees can be hidden, and are not inclusive to the rate you see at first glance. In the end, many individuals report their final quote has inflated rates and other fixed costs added to the service. Although it was hard to reach better alternatives in the past, the digital age has paved the way for new “fintech” digital FX firms to provide their clients with more favorable deals.
KnightsbridgeFX stands by their rate transparency policy with a passion. Whenever you choose our foreign exchange, what you see is what you get – as long as you meet the order requirements, we never add flat fees or wire transfer charges. You only pay the exchange rate!
Receiving Cash at a Burnaby Foreign Exchange
Given that there aren’t as many physical brokers or currency exchange buildings in Burnaby compared to a larger city such as Vancouver or Surrey, you could still find a few places here if you’re seeking a quick transaction that will grant you physical cash.
Happy Currency Exchange
One of the largest physical cash exchange (that isn’t a major Canadian bank) in Burnaby is Happy Currency Exchange which is located on 4603 Kingsway Ave. They are open six days a week (closed on Sundays) for walk-in deals. You can easily spot them across the street from the TD Bank; if you want to speak to a customer service representative you could call (604)-438-6888.
Kingmark Currency Exchange
Kingmark was one of the first currency conversion services to be established in the province, initially branded in 1933 as the Canadian Money Network. Under the name of Kingmark, they’ve been operating for over two decades to give their retail clients access to cash bullion. You could find a Kingmark branch inside Crystal Mall in Burnaby, although they’re only open Mondays to Friday – no weekends. Call (604)-438-9990 to speak to a Kingmark representative.
Streamlining Your FX Rate Search in Burnaby
Thinking about booking international money transfers, or just looking to swap the CAD and USD dollars around? If so, the two most influential factors in your decision making process should be convenience and cost. To be honest, cost should only outweigh convenience when you’re booking large-sized order transactions. Typically, sizeable transfers range in the thousands of dollars (roughly $2000 or more). On small denominations you should just prioritize convenience and go through with your current provider – switching FX vendors to transfer a couple bucks isn’t worth the effort. This fact rings true even for transfers that are a couple hundred dollars in amount. The main primary service provider that most Canadians think of when they hear the terms “foreign exchange” is their banking institution. Since you likely already have an account registered under one of the accredited “big Five” in Canada, using their services won’t save you money but they will save you time. On the other hand, if getting the best FX rate is absolutely necessary, you need to go to a professional third party foreign exchange broker. Being considerate of the total transaction cost and getting a good rate is vital as soon as you look to exchange into the thousands of dollars – at that stage, a rate that’s 2% better than the competition has the potential to save you hundreds – if not thousands – of dollars.
How to Save Money on Foreign Exchange in Burnaby by Going Digital
The bottom line is, to save the most money possible on a conversion you would have to opt for online-only companies that use digital platforms as their method of transfer. A shining example of one of these firms is Knightsbridge Foreign Exchange, an electronic-based FX provider that is a professionally licensed by government regulatory boards. Their exchange rates are much more competitive than the banks, often beating them by more than 1%. Because KnightbsbridgeFX is a company that operates with minimal overhead and business expenses, especially when compared to traditional brick-and-mortar financial institutions, they don’t have that many costs to make up for. So what does this mean for you? Put simply, the company is able to pass down their favorable exchange rates to their clients without being as worried about matching revenue with expenses. KnightsbridgeFX makes electronic deposits directly into your bank account which can even be received on the same business day that you’ve placed your order. Although you won’t be receiving immediate physical cash, the digital transfer will save you money in the end while still being convenient.
Regardless of your reason for booking a transfer, whether you need to cover international debt or you’re just trying to acquire pocket change for a trip abroad, the rule of thumb is to lock in the best exchange rate in Burnaby. The fact of the matter is, currency exchange is a commodity service, which effectively means that one firm doesn’t necessarily do it much better than another. Because of this fact, you may as well try to compete on cost. KnightsbridgeFX is a true advocate of pricing transparency and has no problem disclosing the full amount that you owe, all with absolutely zero hidden fees. At KnightsbridgeFX, there is only one price tag on the entire transaction. You only pay the exchange rate that you agree to lock-in and that is final. Once agreed upon, there won’t be a single flat fee charged for the service, and on top of that you will get free wire transfers. To book a transaction now, all you would have to do is call our office and speak to a representative to get a quote. Assuming the exchange rate is favorable, you can lock it in with us to ensure that you don’t fall victim to rate volatility in the short term. Once you agree to a transfer with us, we will send you a confirmation in writing before any funds actually get sent out through the wire. When placing electronic transfers during the workweek, you could reasonably expect same-day delivery of your funds as long as the transfer was booked before bank cut-off (your order should take, at the absolute most, a few business days).
Take advantage of today’s FX market by reaching out to us at https://www.knightsbridgefx.com/about/ and get the best currency exchange rates guaranteed in Burnaby, British Columbia.
Buying, Selling, and Exchanging USD and CAD in Burnaby
At Knightsbridge Foreign Exchange, we take pride in helping our Burnaby customers save as much money as possible on currency conversion. If you happen to find a more competitive rate, let us know and we will gladly match it for you. Typically on average, our US dollar exchange rates are 1-2% better than the rate you would receive from your main bank. A better rate translates to more money kept safe in your pocket. Whether you are looking to purchase real estate south of the border, pay off international tuition fees for your children, or just seeking convert your income back into your local currency, Knightsbridge FX strives to put more money back into your wallet. Our mission is to give better currency exchange rates than the big Canadian financial institutions in order to help individuals and businesses save.
Does the deal sound too good to be true? Just give us a call and one of our customer service representatives will walk you through the simple process. Before any exchange takes place, you will receive a trade confirmation of the agreed upon exchange rate in writing. After you confirm, we take care of the rest and offer same-day delivery of funds to your desired destination if booked before the bank cut-off period. According to dozens of Google reviews (totaling a 4.7/5 star rating on our services) our platform is quick, transparent, and easy to use.
A Little History on Burnaby, British Columbia
With a population exceeding 200,000 inhabitants, Burnaby is British Columbia’s third largest city, trailing only Vancouver and Surrey. Since its incorporation in 1892, the community in Burnaby has evolved from rural, to suburban, to urban. Despite being home to many commercial firms, including British Columbia’s largest commercial mall, Burnaby maintains one of North America’s highest ratio of park land to residents.
Burnaby has always had a large base of immigrant communities. In a 2006 census, 54% of Burnaby residents reported having a mother tongue that is neither English nor French, highlighting this diversity. Economically, many major firms have significant operations in Burnaby, including Telus, Electronic Arts, Chevron Corporation, and Petro-Canada.
Burnaby is also the home town of prominent Canadian singer Michael Bublé, as well as many famous Canadian ice hockey players, including Joe Sakic, Ryan Nugent-Hopkins, and Karl Alzner.
Interesting Facts About Burnaby, BC
- Burnaby is home to the Metrotown Skytrain station, one of the busiest stations on Vancouver’s futuristic Skyrail
- Burnaby helped spur the growth of “Hollywood North” a nickname for Canada’s film production in Vancouver and its neighboring municipalities
- Simon Fraser University in Burnaby is located a staggering 1198 feet above sea level, giving it a slightly different climate than the lower parts of the city
- The Metropolis Mall in Burnaby is the largest indoor shopping center in the province
- Carrie-Anne Moss from the world renowned movie series “The Matrix” was born and raised in Burnaby
Learn more about Knightsbridge Foreign Exchange:
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.