How do I send Canadian Dollars to KnightsbridgeFX?

If you are converting CAD funds you have the following transfer options:

• Account to Account: To transfer converted funds between your CAD and USD accounts in Canada, you need to provide us with the account information for both accounts.

  We are integrated with every financial institution in Canada, and we will debit your CAD account and credit your USD account with the converted funds.

  The process takes 4-5 business days to settle back into your account. It is essential that both accounts are registered in the client’s name and located in Canada. If both accounts are in the same name, transfers can be made between different banking institutions. However, this method is only available for converted funds between two accounts in Canada and is not applicable to the majority of foreign currencies.

• Wire Transfer: You can initiate a wire transfer of the CAD funds to our account. Once the transfer is complete, we will wire or direct deposit the converted funds into the desired account in the requested currency.
  This process typically takes 1-2 business days to settle. Please note that your bank may charge a fee to send or receive a wire transfer, but KnightsbridgeFX does not charge any additional fees beyond our exchange rates.
  It is also possible to transfer funds to a third party using this method. Keep in mind that receiving banks may charge a fee to receive a wire transfer. Additionally, same-day wire transfers are possible, subject to certain conditions.

• Bill Payment: We are also listed as a bill payee with several Canadian financial institutions. These include: BMO, RBC, Desjardins, National Bank and some Credit Unions. You would be able to transfer CAD funds to Knightsbridge Foreign Exchange via Bill payment and we would, in turn, be able to transfer the funds to the desired account. This method takes 1-2 business days to settle.
  • To send a bill payment to KnightsbridgeFX, follow the steps below:
    – Log into your online banking.
    – Click the  “Pay Bills & Transfer Funds” tab (the tab where you manage bill payments).
    – On the bill payment page, locate “Add a Payee”, and click it (If your provider requires you to select a Province, select Ontario.)
    – Search for “Knightsbridge Foreign Exchange Inc.”. Note that misspelling the name will result in a failure to find the payee.
    – Once you locate Knightsbridge Foreign Exchange Inc., your financial institution will prompt you to enter an account number. The correct input is to use the Knightsbridge account number you were given.
    – Your financial institution may ask if you would like to nickname the payee. Do so if you wish.
    – Return to “Pay Bills & Transfer Funds” page.

Now KnightsbridgeFX should be set up as a payee in your online banking. You will now be able to make bill payments to us.

Direct deposit is only available within Canada. Funds can only be sent internationally as a wire. Knightsbridge FX does not charge any additional fees other than its exchange rates.