East York Currency Exchange
(416-479-0834 )
Banks charge huge hidden fees when exchanging money. Get exchange rates up to 2% better than the banks.
“You can save hundreds, if not thousands of dollars”
Terry Ritchie – Calgary-based financial planner who specializes in cross-border financial issues.
“KnightsbridgeFX is an online currency exchange company that seeks to undercut foreign exchange rates offered by larger financial institutions”
Preet Banerjee – columnist, for the Globe and Mail
“KnightsbridgeFX is “the costco’s of foreign exchange”
Financial Advisor quoted in the Globe and Mail
Benefits of Using Knightsbridge Foreign Exchange
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Secure
We are regulated by FINTRAC (Government of Canada agency) and have segregated client accounts at the Bank of Montreal.
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Best Rate Guarantee
We guarantee to beat your bank’s exchange rate. Period. In fact, we call the banks every morning to ensure our exchange rates are significantly better.
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Convenient
Register and book a transaction in minutes and send funds conveniently through Canadian banks.
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Fast
We offer same day delivery of funds to your desired destination if booked before bank cut-off.
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Transparent
You’ll get a confirmation of the agreed upon exchange rate in writing before you send funds.
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Great Customer Service
We understand that fast, efficient, and friendly service makes a difference.
Here's how you can get the best exchange rate in Canada and save money
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01
Sign Up
Register and submit your documents
(ID and bank statement) by signing up here.
3 minutes to complete -
02
Get verified
You get approved upon validation of your documents.
Usually less than 1 business day. -
03
Book a transaction
Book your exchange online (via your KnightsbridgeFX account), or through our customer service (phone, email, chat).
Usually under 5 minutes -
04
Send your funds
Transfer your funds to us by: Bill Payment, Interac e-transfer, Wire Transfer or EFT.
Usually Same Day Processing (based on transfer method) -
05
Receive your funds
Your converted funds are transferred to the specified account (yours, someone else's or to a company)
Usually Same Day Processing (if requested by wire)
Currency Exchange East York
Currency Exchange East York is guaranteed to provide you with the lowest exchange rates in Canada. All transfers are done through the banks, and can be sent to any bank account in Canada or the US and some banks overseas.
We typically beat the banks by about 2.5% which can equate to hundreds if not thousands of dollars in savings on your foreign exchange transactions. KnightsbridgeFx is registered with FINTRAC, under the MSB registration number M09819788.
Generally, when looking for a foreign exchange provider, it is a good idea to do additional research to get an idea of the services they can offer. A good way to do this is to make a list of questions and simply call in to clarify. There are also usually many reviews or discussions online from people who have used a provider before. If reviews or commentary is generally negative, it is probably not a good idea to use that provider.
Currency Exchange East York vs. Competitors
Currency Exchange East York has a lowest rate guarantee so we are confident we can provide you with the best rates. Beyond that we offer a breadth of services that include account to account transfers, transfers to the states, paying student tuition directly, market orders, and more. In addition our staff our knowledgeable and able to address all questions ranging from current market trends to finding a customized solution for your foreign exchange needs.
Sending Funds with Currency Exchange East York
Sending funds with Currency Exchange East York is fast, reliable, and easy. There are several methods depending on the bank you are with. Transfers can be done within the same day if done by wire or branch transfer. If you prefer to send funds online and not have to go to your branch, we also have online bill payment options and account to account service options where we can direct debit and credit accounts for free.
In addition, our staff will be able to assess your current situation and needs and offer the best option for you if you are unsure which option to choose. You can also be confident in the safety of your funds as they are transferred to a client-segregated trust account at the Bank of Montreal with no funds being held overnight. This means that all funds that arrive in that account are converted immediately and sent back out.
Get better exchange rates than the banks, visit KnightsbridgeFX.com or call (403) 800-3025.
East York
Before East York was combined into the greater Toronto City, it was Canada’s only borough. After World War II, many returning veterans and soldiers settled in the area. In recent years, there have been major high-rise developments in the area with region being known for its middle-class, working-class, and diverse immigrant population. There are also many sports teams in East York including the Bulldogs hockey team which play in the East York Arena.
Stop overpaying with your bank on foreign exchange
We are built to beat bank exchange rates and save you money
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 by FINTRAC. We are registered 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. You can send funds by bill payment, interac e-transfer, wire transfer, or EFT automatic debit and credit.
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.
