KnightsbridgeFX will offer you better exchange rates than any bank for buying and selling several foreign currencies, including US dollars (USD). We get in touch with banks daily to ensure our rates are better. Give us a call at 1-877-355-5239 to find out our exchange rates.
|Bank Exchange Rates||Markup %||Source||Potential Savings when buying $10,000|
|RBC – Royal Bank of Canada||2.60%||RBC Exchange Rates||$230|
|TD – Toronto Dominion Bank||2.64%||TD Bank Exchange Rates||$234|
|BMO – Bank of Montreal||2.65%||BMO Exchange Rates||$235|
|Tangerine – Tangerine Bank||3.80%||Tangerine Bank Exchange Rates||$340|
|Scotia – Scotia Bank||2.88%||Scotia Bank Foreign Exchange Rates||$258|
|Alterna – Alterna Bank||4.90%||Alterna Bank Foreign Exchange||$445|
|KnightsbridgeFX||0.80%||Knightsbridge Foreign Exchange|
Date updated: January 31, 2020
B2B Bank works with the customer’s financial professionals in order to meet their specific needs and requirements. Along with all the other Canadian banks, B2B Bank offers a currency exchange service that allows clients to convert currencies. For example, you can exchange USD to CAD or CAD to USD.
Although being B2B Bank’s customer makes it convenient to use its currency converting service, you should check the exchange rate before converting and transferring money.
B2B Bank doesn’t publish their exchange rates on their website, which makes it pretty difficult to know if you’re getting a good conversion rate or not. You can call the bank to ask them about their rate, however, this may be a little inconvenient.
Luckily, at Knightsbridge Foreign Exchange, we call banks every morning and make sure our exchange rate is better than theirs.
When analyzing Canadian foreign exchange providers, there are many alternatives to B2B Bank. Therefore, you should make a comparison between B2B Bank’s exchange rate and the other banks’ rates. Go to the bottom of this page and use the resources there to compare different rates. Furthermore, you may want to call us at 1-877-355-5239 for hearing live conversion rates and comparing B2B Bank rates with Knightsbridge Foreign Exchange ones. The comparison chart is also very useful for analyzing foreign exchange rates offered by other Canadian financial institutions against B2B Bank’s rates.
Do you want to do a currency transaction for a large amount? It’s highly recommended to shop around and find the best foreign exchange rate out there. As a rule of thumb, banks like B2B Bank offer worse conversion rates on larger sums of money. At KnightsbridgeFX, we’re beating bank rates by 1-2%, which means that we can help you do the online currency exchange for way cheaper than the banks. Knightsbridge Foreign Exchange conducts transactions for lower margins and undercuts bank exchange rates. Call us at 1-877-355-5239 and get a comparison quote for large transactions.
To find out the margin, compare the rates listed below to the B2B Bank conversion rates and other bank rates.
Canadian banks, such as B2B Bank, include a markup within the conversion rate. This markup is not mentioned to the customers and helps the banks pay for marketing services, rent, transfer costs, etc. Luckily, foreign exchange providers like KnightsbridgeFX take a lesser margin, thus offer a rate that’s better than the banks’.
Besides the currency conversion service, B2B Bank offers several other products and financial services like high-interest saving accounts, checking accounts, mortgages, loans, Guaranteed Investment Certificates, and various investment solutions – if you want to find out more about these, visit the bank’s website.
Alterna Bank Exchange Rates Overview