Guaranteed to Beat Most Currency Exchange Rates in Downtown Toronto
Toronto is Canada’s largest city, and Downtown is at its core. This buzzing, bustling urban centre is alive with hundreds of businesses and thousands of people. In Toronto’s multicultural landscape, it’s common for people to need currency exchange for their Canadian dollars. But it can be a little overwhelming if you don’t know where to get it done.
Worry not! Our team at Knightsbridge Foreign Exchange is geared up to assist Downtown Toronto residents in securing the best exchange rates for their international funds. Here’s a look at our service and how it can help you.
Understanding the KnightsbridgeFX Service
Money is simple with a dependable financial service. We at Knightsbridge are proud to have facilitated the exchange and trade of over $2 billion for our Canadian clients, and we’d love to help you next.
Here’s how our service works:
Secure a Quote
efore teaming up with any service provider, it’s wise to know the details about their offerings. That’s why we offer our clients a complimentary quote before they proceed with a transaction request. You can request your free quote from one of our representatives by giving us a ring at 1-877-355-5239.
We respect your right to choose. You are not obligated to continue with our service after getting a quote – free means free.
Schedule Your Transaction
However, if you’re happy with the quote and want to move forward with our services, the next phase is to schedule your transaction.
In your online transaction form, type in the amount you were quoted and select the currency. After you submit your transaction form, we’ll send you a confirmation receipt so you can check all the details before your transfer is processed.
We also respect your property. We’ll never move forward with a transaction without your approval of the receipt.
Execute the Transfer
Once everything is approved, you can wrap up the process by sending your money via an online bill payment or bank transfer.
Not sure if your bank is compatible with us? Our service is registered with all banks across Canada. Once this step is completed, you will receive your funds either that same day or 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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USDPeace of Mind for Your Funds
You want to know that your money is safe – we understand. Your peace of mind is our priority. With KnightsbridgeFX, your money has never been more secure. We’re regulated by FINTRAC, the Canadian government agency focused on preventing transaction fraud and scammers.
Currency Exchange in Downtown Toronto
There are several locations to do currency exchange in Downtown Toronto. These include:
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Toronto International Airport
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Mall kiosks or hotel exchange booths
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Local banks
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Exchange brokers
While all the options above are reasonable and reliable, engaging a foreign exchange broker like Knightsbridge FX will give you the upper hand in sending more money for less.
At Knightsbridge FX, our brokers are committed to obtaining the most competitive exchange rates at the most affordable prices for our clients. Low rates are ideal for business owners with overseas operations, international students covering their tuition fees, or individuals with property abroad.
KnightsbridgeFX: Your Go-To Solution for Currency Exchange
We don’t just offer great prices; there are a number of other benefits to choosing to work with our services. Here’s what you can expect:
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Secured Transactions
Have peace of mind on all your transactions with guaranteed FINTRAC monitoring. Additionally, we offer a robust $1,000,000 safety fund as part of our consumer protection plan.
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Prompt Delivery
Say goodbye to long processing times and hello to same-day transfers. Transactions made after your bank’s hours will be processed the subsequent day.
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Honesty and Transparency
Upon your transaction request, we'll send you an email outlining your exchange rate and any charges. We won't process funds until you give us the green light. Hidden fees? Not at Knightsbridge FX – we value integrity and transparency.
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Ease of Use
Go through the entire process in mere minutes. Plus, our service is compatible with all Canadian banks for easy, streamlined access.
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Superior Customer Service
We want you to be satisfied with the service you receive. Need support? Our friendly customer care team is just a toll-free call away.
Experience Currency Exchange the Knightsbridge Way
Most banks levy a 2-3% charge for currency exchange, but at Knightsbridge FX, we only charge half a percentage of the funds you want to transfer. Our trusted brokers can help you save a significant amount on exchange rates.
On the hunt for an exchange service that doesn’t burn a hole in your pocket? We know that a bank’s primary objective is to turn a profit, which often comes at your expense (literally). That’s where we step in.
We offer exchange rates 2.5% lower than most banks in Downtown Toronto. We don’t just claim this – we actively compare our rates with banks each day in order to maintain our competitive edge.
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.
Top-rated Currency Exchange in Downtown Toronto
Since 2009, our company has diligently served over 130,000 Canadians, helping them change their CAD dollars into US dollars. If you need currency exchange services in Downtown Toronto, let us help.
We look forward to serving you.
To reach us by phone, please dial:
Toronto Office: (416) 479-0834
Toll-Free: 1-877-355-5239
Otherwise, you can visit our Toronto office (appointment only) at the following address:
First Canadian Place
100 King Street West, Suite 5700
Toronto, ON, M5X 1C7
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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