Guaranteed to Beat Most Rates for Currency Exchange in Montreal
If you need to exchange your Canadian currency for foreign funds, your first instinct may be to conduct this exchange through the bank. However, if you’re concerned about having to pay high interest rates, you may be looking for a more inexpensive option.
Our team at KnightsbridgeFX is here to help, as we offer the best currency exchange in Montreal for converting foreign funds. But how does our service work?
How Our Service Works
Quebecois residents have many options for currency exchange in Montreal. However, when selecting a service to handle your hard-earned money, you should choose one you can trust. Therefore, it’s important to know how your chosen service works before taking the dive.
At KnightsbridgeFX, our brokers have managed to help fellow Canadians trade and exchange over 2 billion dollars in foreign funds. But how? Let’s examine the process below:
Get a Quote
We believe that full transparency about how much you’ll be spending and receiving is vital before signing on to our services. Therefore, we are happy to provide a free quote for potential customers before they make a transaction request.
If you’d like to receive a quote, you can phone us at 1-877-355-5239 , and one of our customer service representatives will be happy to assist you.
Please note that there is no obligation to use our services after making this request.
Book Your Transaction
If you’re satisfied with the quote you’ve received and would like to move forward, the next step is to book your transaction through our website.
On the transaction form, fill out the sum of money stated on the quote you received from us and confirm that you would like to transfer the stated balance into the foreign income of your choice.
After filling out the form, you’ll be sent a confirmation receipt restating the details of the transfer to ensure you’re fully aware of how much money you’ll receive.
Note that the transaction will not be processed until you confirm and approve the details of your receipt.
Complete the Transfer
Once you’ve reviewed and approved your confirmation receipt, you can complete the transfer by sending your funds via bank transfer or online bill payment.
Don’t worry about which bank you go through – our service is fully compatible with all Canadian and Quebec-based banks.
Once your transaction is complete, you will receive your funds either the same day or the day following the completed transfer.
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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When you transfer your CAD into foreign funds with KnightsbridgeFX, you can rest assured that your money is in safe hands.
Our service is regulated through FINTRAC, a Canadian agency that has protective measures in place to prevent fraudsters from intercepting money transfers.
Where to Conduct Currency Exchange in Montreal
Residents of Montreal and the surrounding area have access to a variety of money exchange services. Some places where you can conduct Montreal currency exchange are as follows:
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Montreal-Pierre Elliott Trudeau Airport kiosks
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Hotel exchange kiosks
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Quebecois and Canadian banking institutions
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Currency exchange brokers
All of the options listed above are reputable, but if you want to save money and avoid paying higher interest rates, your best option would be to enlist the services of a currency exchange broker.
By working with a broker at KnightsbridgeFX, you’ll be provided with the lowest interest rate available, which will be especially ideal for customers with large transaction volumes ($5,000+).
These low rates are ideal for Montreal-based business owners who conduct operations in the U.S. and other foreign countries.
Our low costs are fantastic for international students currently residing in Montreal, those who own properties in the United States, and others who have to conduct similar bulk transactions regularly.
Benefits of Exchanging Currency with KnightsbridgeFX
In addition to our exceptionally low rates, there are many other benefits to be derived by using KnightsbridgeFX for currency exchange. Some of these advantages are as follows:
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Security
KnightsbridgeFX is securely regulated by FINTRAC. We also provide a $1,000,000 safety net for enhanced protection of consumer funds.
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Quick Delivery
You’ll receive your money transfer on the same day you complete the transaction, provided you do so before your bank’s cut-off time.
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Transparency
You’ll receive a detailed transfer receipt before finalizing the transaction to ensure you’re fully aware of the charges – no hidden fees or confusion.
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Convenience
Registration and booking only take a few minutes to complete, and our service is compatible with all Canadian and Quebecois banks.
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Quality Customer Service
Our transaction service is fast and efficient, and if customers need additional help, they can receive friendly assistance via our toll-free number.
Why Should You Choose KnightsbridgeFX for Currency Exchange in Montreal?
For residents of Montreal, finding a reasonably low foreign exchange rate can be difficult, as it’s the main job of banks and financial institutions to make money at little cost on their end.
However, at KnightsbridgeFX, our focus is on providing our customers with an exchange rate that benefits them – 2.5% lower than most banks in Montreal.
In fact, we regularly contact the banks to analyze our differing interest rates to ensure we’re still offering the lowest possible option.
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 Exchange Rate in Montreal with KnightsbridgeFX
If you need to conduct foreign exchange in Montreal, our team at KnightsbridgeFX would be pleased to assist you.
We’ve managed to help over one hundred thousand of our fellow Canadian and Quebecois residents complete foreign money transfers since 2009, offering the best rates in the country.
To contact us via telephone, call:
Montreal Office: (514) 613-0393
Toll-Free: (1-877)-355-5239
To visit us in person, we’ve listed the address details for our Montreal office below:
1200 McGill College Ave #1100
Montreal, Quebec
H3B 4G7
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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