“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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ST. ALBERT: Currency Exchange (1-877-355-5239)
Have you been working hard and are finding yourself ready to embark on a well-earned vacation? Do you want to take a trip to the U.S. or maybe head overseas to Europe or Asia? In any case, to make the most of your international vacationing, you’re going to need an affordable method of obtaining foreign currency. For that, you’ll want to find the best currency exchange rate in St. Albert. One of the most common misconceptions is that the best way to exchange your currency is at the bank. The reality is, that statement rarely holds true. Banks have high costs and deal with lots of customers every day, so they have less desire to offer competitive pricing. At Knightsbridge Foreign Exchange, we provide an alternate option to find the best foreign money exchange rates in St. Albert or the best USD exchange rates in St. Albert. Depending on which country you’d like to travel to, we’ve got the right currency denomination for you; and a fair rate to go along with it. We’ve kept our business overhead low, so that way we can keep your rates lower. Surely, when it comes to receiving quality currency exchange in St. Albert, you’ll want to choose Knightsbridge FX.
If there’s one thing the banks rely on when it comes to customers looking to exchange currency, it’s the fact that many individuals treat their primary bank like the only financial service provider. Many people are so comfortable with their bank and won’t try to look past it to find better alternatives. As a result, banks understand that they can hike up the rates and rake in the money. That’s where independent providers, like us at Knightsbridge Foreign Exchange, come into the picture. We don’t just want to make money, we want to grow our client base and prove to foreign exchange customers that cheaper options exist. We strive to give you the absolute best currency exchange rate in St. Albert by accepting a lower profit margin on our transactions than the bank. Why would you continue to pay sky high bank rates when you can use Knightsbridge FX for fair and reasonable FX rates?
St. Albert luckily has a variety of foreign exchange choices available to you whenever you need it. Some of these services work around the clock to ensure that all of your currency conversion needs are met. Independent exchange brokers, currency exchange franchises, and banks comprise the three main types of retail foreign exchange service providers. Naturally, some people aren’t confident going with smaller, independent companies as they don’t have as much history or a time-tested reputation as maybe a bank or credit union does. However, dealing with these larger companies like credit unions and banks, you’ll be paying a premium for the security of the establishment. As banks and other massive financial institutions own the majority of the market share for foreign exchange, they are able to charge inflated rates knowing customers will continue to choose them.
When you think about it, currency conversion is a commodity service; all providers can more or less perform it in the same ways. Once you’ve come across a reputable and safe currency exchange provider, the main consideration you need to worry about is price. The sweet spot between trustworthiness, reputation, and affordable pricing is Knightsbridge Foreign Exchange. We use our low overhead to provide you with the best USD exchange rates in St. Albert as well as other popular currencies.
Within the Edmonton Metropolitan Region, which includes the town of St. Albert, the closest international airport is the Edmonton International Airport. While you may be able to find smaller domestic-only terminals in other parts of Alberta, they don’t offer the same degree of currency exchange service. On that note, you’ll always be able to find currency exchange locations within international airports, but they aren’t the place to go to get the cheapest foreign money exchange rates in St. Albert. The truth is, airport rent is unreasonably expensive – businesses need to charge much higher than usual to recover the expense. There’s that factor, plus the last-minute nature of forgetting to get some cash before your flight.
When you feel pressured to make a last resort exchange, you have an increased likelihood of using crazy high exchange rates at the airport. Make sure you get any foreign cash in your bank account or wallet before you embark on your trip. That is the only way to guarantee St. Albert’s most competitive exchange deals.
Public places like shopping areas, regular tourist spots, and even hotel franchises can house currency exchange kiosks. Just know that wherever there are physical retail locations, there are also brick-and-mortar expenses related to leasing and maintenance. From the customer’s perspective, they pay either a poor exchange rate or unfavourable service charges. If you need very small amounts of cash, then you it’s perfectly fine to use these services; a great exchange rate would only save you a couple of dollars. But if you’re converting more than a few hundred dollars, you could lose out on substantial savings by using a public kiosk.
An important note when using a publicly available exchange kiosk (or any other independent provider) is to be aware if they’re following the rules and regulations made by the Canadian government. If they don’t ask to verify your personal identity via identification documents, then you know they’re breaking regulations and aren’t to be trusted.
Banks and credit unions own the most market share when it comes to currency exchange in St. Albert, but not because they’re the most affordable around. They’ve been dominating the financial service industry for so long that many Canadians are tempted to continue using them and avoiding independent providers. While this is certainly a respectable move in terms of security, because some independent third party financial companies are irresponsible with your personal information, it won’t save you any money.
You’re much better off finding a third party company that you know you can trust from a cost perspective. From a mathematical standpoint, banks tend to charge a markup of 2% to 3% over the mid market rate. The mid market rate is the value of a specific currency that you’d see when you perform a quick Google search, and it’s almost never attainable by the general public. KnightsbridgeFX guarantees to get you much closer to this low rate than the banks do.
Independent exchange brokers and franchised companies that focus on delivering competitive exchange rates have a plethora of factors that go into determining their pricing. Some will offer higher rates with attractive side options like delayed payments to bring in customers. At Knightsbridge Foreign Exchange, we use a blend of online and phone-based business model to keep a low overhead, so we can focus on giving you the best exchange rates on popular currency denominations in St. Albert. It’s okay to be skeptical – digital foreign exchange companies are a relatively new concept, but they are rapidly taking over the currency conversion and money transfer industry. If you’re still not convinced, check us out on Google Reviews and read our customer testimonials!
Do you wish to save 1-2% on your currency exchange rate over the leading banks and exchange providers? This may not sound like a lot at first, but on large orders you could see considerable amounts of savings. Are you trying to find St. Albert’s most cost-effective currency exchange on large transfer sizes? These are the benefits Knightsbridge FX customers enjoy over customers of the leading banks and currency exchange franchises. See for yourself! Call around for some exchange rates and then give us call; we’re certain we’ll have the best currency exchange rate in St. Albert. KnightsbridgeFX aims to put more money back in your wallet by using a very efficient conversion platform – after all, you’ve earned it.
St. Albert is a city northwest of Edmonton. Originally a Metis community, it has grown into the second biggest city in the Edmonton Metropolitan Region. Founded in 1861, St. Albert is the older non-fortified community in Alberta and the sixth largest city in the province. In the year 1906, the town was connected by the Canadian Northern Railway, giving more logistical benefits to the local population of roughly 60,000 residents. While the town was initially established as farmland, today St. Albert has a surprisingly low unemployment rate and boasts an impressive working class of skilled labourers. In 2011, a census was performed in St Albert that determined almost 70% of the working class population older than 25 had some sort of post-secondary education. For reference, the national average was closer to 60%.
Whether you’re new to exchanging currency or book frequent conversions, give us a call at 1-877-355-5239 to get a free no-obligation quote. We’ll talk you through our simple procedure and show you how to get the best currency exchange rate in St. Albert. You can also apply online to get through the application quickly and be ready to get your money fast. Knightsbridge Foreign Exchange makes currency exchange in St. Albert quick, affordable, and secure.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.