If you are converting USD funds you have the following transfer options:
- Account to Account: To send funds from your USD account to KnightsbridgeFX for conversion, you provide us with your USD and CAD account information.
We are integrated with every financial institution in Canada. We will debit your USD account and credit your CAD with the converted funds.
The settlement process typically takes 4-5 business days to complete and for the funds to be reflected in your account.
Note that both accounts must be in Canada and registered under the client’s name, and transfers can only be made between different banking institutions if both accounts are in the same name. Please be aware that this method is only available for converted funds between two accounts in Canada and is not applicable for most foreign currencies. - Wire Transfer: You can initiate a wire transfer to KnightsbridgeFX of the USD funds, and we would wire or direct deposit the converted funds into your desired account in that currency.
This process typically settles in 1-2 business days, and same-day wire transfers are possible. However, please be advised that your bank may charge you a fee to send or receive a wire transfer.
Knightsbridge FX does not charge any additional fees other than its exchange rates.
USD funds with a Bank in The United States:
- Wire Transfer: You can initiate a wire transfer to KnightsbridgeFX of the USD funds, and we would wire or direct deposit the converted funds into your desired account in that currency.
This process typically settles in 1-2 business days, and same-day wire transfers are possible. However, please be advised that your bank may charge you a fee to send or receive a wire transfer.
Knightsbridge FX does not charge any additional fees other than its exchange rates.
Move funds to a USD account in Canada:
If you have a USD account located in Canada, you have the option to transfer the US dollars from your own United States account to your USD account in Canada either by yourself or by cheque.
Once the funds are in a local USD account in Canada, you can use the Account to Account method to convert the funds. However, if you do not have a USD account in Canada, you can either open one with your bank or use the wire transfer method to transfer the funds to KnightsbridgeFX for conversion.
