Currency Exchange in Waterloo
For visitors and Waterloo locals, the area offers plenty of options to exchange US dollars. Whether you’re planning a trip to the US or bringing funds from the USA to Canada, Waterloo has no shortage of places to get it done. However, a common mistake made in Waterloo and nationwide is to look to one’s local bank to exchange currency fairly. Instead, it’s advisable to entrust exchange to a qualified, dedicated currency exchange company.
At Knightsbridge Foreign Exchange, we have years of experience providing our clients with the most convenient exchange at the lowest rates. Any standard bank needs to cover high overhead costs. They can also count on their own clients to blindly request currency exchange. More and more, savvier customers are finding that their own banks regularly charge unreasonable fees for basic transactions. Unfortunately, currency exchange is no exception. Since banks already have potential clients in their lobbies, they don’t need to “win you over” for their currency exchange services. They don’t expect you to shop around. As a result, they can – and often do – charge sky-high fees for exchanging currency.
Where to Exchange Currency in Waterloo
As a major technology and start-up hub within Canada, Waterloo like many mid-size and larger cities in Canada provides a number of different options for money exchange services. Whether you’re looking to buy or sell US dollars or looking for more exotic currencies, Waterloo has a number of options for you.
Best Currency Exchange Waterloo
Getting the best currency exchange in Waterloo is all about shopping around and getting the best rates possible. Remember that in this digital age, you are not simply limited to your local physical options. More and more companies are moving their operations online and reducing their overhead costs and are able to pass the savings onto their customers. These companies are able to offer much better rates than banks or local retail operations. Though, with any online service, it is important to do your research to ensure that they are a legitimate company. If you’re hesitant about using an online service, make sure to shop around at your local options to get the best rates.
Instead of wasting money and time, we recommend taking your business to a reliable exchange company. Our own company has a long history of leaving customers satisfied. In fact, our clients regularly save significant dollars by exchanging with us instead of their banks. Compared with the mile-high fees of major banks like RBC or ScotiaBank, we can often save you between 2.5 and 3.0%. If you’re making a large exchange, those small percentage points can add up surprisingly fast and result in big dollars.
If you don’t just want to take our word for it, we encourage you to check for yourself. Give your own bank a call and ask them about the fees that they charge to exchange currency. Write down the exact currency exchange that they quote. Next, talk to us. Let us find out together how much money we can save you.
Waterloo is one of three cities in the Regional Municipality of Waterloo, together with Kitchener and Cambridge. Popularly known as “the Loo” or “Tri-City” (together with Kitchener and Cambridge), Waterloo is home to two universities and has a considerable high-tech and insurance sector. Among the most notable high-tech companies based in Waterloo is BlackBerry and Kik Messenger. Places of note in Waterloo include the Canadian clay and Glass Gallery, the Waterloo Memorial Recreation Complex and the Elliott Avedon Museum and Archive of Games. While the high-tech and insurance sectors overshadow the banking industry in Waterloo, there are still plenty of banking options for locals and visitors. It is possible to find branches of all of the major Canadian banks as well as some internationally held companies, including RBC Royal Bank, TD Canada Trust, the BMO Bank of Montreal and more.
Call us anytime at 1-877-355-5239 for a no-obligation quote. Our representatives are ready to show you exactly how you can proceed from there. Or if you prefer, simply fill out and submit the following form. We’ll provide you all the information you need about exchanging currency in Waterloo.
To find other cities serviced by Knightsbridge please visit the Currency Exchange in Canada page.