Exchanging with KnightsbridgeFX vs. your bank could save you CAD$ 0
“I saved a huge amount…about $3,000 over the bank quoted for U.S. dollars…everything went as smooth as a dream”
Florida Property Buyer interviewed by the Toronto Star
“You can save hundreds, if not thousands of dollars”
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”
columnist, for the Globe and Mail
“KnightsbridgeFX is “the costco’s of foreign exchange”
Financial Advisor quoted in the Globe and Mail
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Confirm an exchange rate and receive a trade confirmation receipt confirming all details before you transfer funds.
Send funds by online bill payment or bank transfer and converted funds will be sent to your destination same day or next day.
Currency Exchange in Montreal
When it comes to currency exchange Montreal, our principle is simple. We will provide you the best currency exchange rates, much better than what you can expect from banks and thousands of currency exchange kiosks that you can find at airport, malls, tourists spots, etc. With a wide range of currencies available in our stock, you can be assured that you will get fast, professional services from the experts of this industry. Unlike banks, we are completely devoted to currency exchange, which means, we are ready to offer you competitive rates, thereby helping you save your hard-earned money.
Montreal is an ideal weekend getaway for both family vacations as well as for a romantic trip. This city is very attractive and tourist friendly. Many restaurants and stores here accept Visa and MasterCard and a few also accept American Express. However, you cannot completely rely on Visa or MasterCard. You must carry some Canadian dollars to pay for Taxi and other services that do not accept plastic money. Don’t wait until you reach there; get some local currency ready before you leave for Montreal.
There are a lot of options for exchanging currency in Montreal. You can either get it done through your local bank or through specialized currency exchange companies like ours. Carry enough converted currencies so you don’t fall short of it but, if you still need more, you can get them exchanged at the airport or at the specialized kiosks located in the downtown area. These places either charge a currency exchange fee or offer you a few points less/more than the exchange rate and take out their profit from it. Most banks in Montreal also offer currency exchange services. Usually, they have a good stock of U.S dollars, so you won’t have any trouble but, they may run out of USD during the peak holiday seasons. Like kiosks, banks also charge hefty fees for currency exchange. Nevertheless, let’s look at all the available options for currency exchange in Montreal.
Montreal International Airport, like any other airports, is the worst place to get your money exchanged. The kiosks owners there know that if you have approached them, then you desperately need their local currencies. This is why they will charge you a high fee to get your currency exchanged to Canadian dollars. However, if you haven’t reached well-prepared and you have no other option but to get your currency exchanged at the airport, you can approach any of the six foreign exchange kiosks run by International Currency Exchange (ICE).
Just like airport kiosks, hotels are also not a great option for getting your currency exchanged. Montreal is a popular tourist destination and, therefore, most popular hotels offer currency exchange services to assist their customers but they do overcharge you. They know that you are their captive customer and, therefore, they often set unfavorable exchange rates. Further, most currency exchange desks at the hotels deal with cash and often they do not provide any bills and they may not even adhere to the standard Canadian regulations. You need to be very careful while using them.
Most banks and credit unions in Montreal offer currency exchange services. However, they do charge a significant markup for their services. In some cases, the markup could be as high as 3% or more. While 3% sounds a very insignificant amount to you, it could equate to thousands of dollars if you are going to exchange a lot of money. However, some banks offer credit cards and borderless plans for frequent travelers and those cards and plans are slightly better than one-time currency exchange rates.
Other than being expensive, banks are definitely not a good place to get your currency exchanged. When you are on your vacation or on your business trip, the last thing you would want to do is to find a bank, stand in a queue, and wait for the non-so-interested teller to give you the local currency. Having the local currency with you before you leave is a better idea.
ATMs are better than banks. They are fast and, very often, they give you better exchange rate. When using ATM, always choose to be charged in local currency. Some ATMs have the provision of performing transactions in home currency but avoid this or else you will have to pay a fee for it.
Brokers are often better than banks. They exclusively deal in currency exchange, so they will be very keen to provide you the best possible exchange rates. Brokers like us generally deal in large amounts and, therefore, we are able to offer you a rate which can easily beat any bank quote. However, you may not really want to look for a broker in a foreign land, and, very often, you may find it hard to trust them. We agree with you, which is why we recommend that you must trust a reliable and experienced broker like us. You can get your currency exchange with us before you leave. We do not deal with cash. All our transactions are done online. So you will have all your converted currency in your bank account. You can use that to pay bills electronically or take out money from the ATM. If you fall short of the local currency, you can call us or email us for further exchange. Even if we don’t have any physical branch there, we will still be able to arrange local currency for you within no time. This means you will not have to find any bank or rely on expensive kiosks.
No bank can provide you such hassle-free services like ours. We guarantee you the best currency exchange Montreal rates. Other than Montreal, we also offer currency exchange services for many other cities such as Ottawa, Toronto, and Surrey. Contact us today for more details.
French-speaking Montreal is the second-most populous city in Canada receiving its name from the three peaks of the “Mount Royal” hill. In 2011, Montreal had a population of 1,600,000 and might be best known for its dominant Canadien’s hockey team.
There are many different industries concentrated in the Montreal area, including aerospace, television and video gaming. Since the late 1990s, the top names in comics, software and entertainment have begun to open offices in the city. Currency exchange in Montreal could involve high net worth individuals, corporations, non-governmental or government departments. Here are some of the primary Montreal bank branches: Bank of Montreal (BMO), CIBC, HSBC, RBC, and Scotiabank.
The National Bank of Canada and Laurentian Bank of Canada have their headquarters in Montreal.
Dial (514) 613-0393 or 1-877-355-5239 for your free no-obligation currency exchange quote – one of our customer service reps will walk you through the entire process step-by-step. We also have a form at the bottom of the page. Just fill it out with your information and we can discuss how to get the best currency exchange possible in Montreal.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.