Looking for the best money exchange in Montreal? Whether you're buying U.S. property, studying abroad, supporting family overseas, or traveling, getting the most value from your foreign currency exchange matters.
At KnightsbridgeFX, we help you do just that—by offering unbeatable rates, secure transactions, and customer-first service with no hidden fees.
If you're exchanging currency in Montreal, it's helpful to know the basics. Canada’s official currency is the Canadian Dollar (CAD), represented by the symbol $ and international code CAD. When exchanging currency, especially large amounts, it’s essential to check real-time currency exchange rates—this is the benchmark rate before any markup or service fee.
Where to Exchange Money in Montreal: What Are Your Options?
Montreal offers plenty of places to exchange currency, but not all are created equal. Here’s a quick look at the common options—and how they compare:
1. Airport Kiosks
Montreal-Pierre Elliott Trudeau Airport has currency exchange kiosks.
Located within the airport terminals.
Ideal for last-minute exchanges or connecting flights.
Caution: Typically offers less competitive rates and higher service fees.
Tip: Avoid exchanging large amounts at the airport. Use it only if necessary.
2. Major Banks in Montreal
Many large banks offer over-the-counter currency exchange:
CIBC – Exchange foreign currency in-branch, even without an appointment.
RBC – Offers foreign exchange for account holders.
BMO – Available in-branch; call ahead to check currency availability.
Scotiabank – Offers multi-currency services, especially at larger branches.
HSBC – International banking services, ideal for global customers.
While banks are trusted institutions, they usually provide less competitive rates than dedicated currency exchange providers. Also, you may need to wait in line, provide documents, or have an account with the bank.
3. Exchange Bureaus in Montreal
If you prefer in-person service, these shops offer currency exchange for walk-in customers. Rates may vary, and fees could apply.
Locations: 86 Notre-Dame St W, near Notre-Dame Basilica Features: Also offers Bitcoin exchange Contact: (514) 499-3677 Hours: 7 days a week, 10 am–6 pm Fee: $2 CAD per transaction
Sharif Exchange
Locations: 261 Boulevard de la Côte-Vertu, Ville St-Laurent Features: no pre-order required Contact: 514-600-3696 or 438-796-4269 Hours: Mon–Fri: 10 am–5 pm (Closed weekends)
Calforex
Locations:
1230 Rue Peel Street, Downtown Montreal,
Carrefour Laval Mall
Features: Over 100 currencies available, Cash Buy Back Program
Contact:
Montreal: (514) 392-9100;
Laval: (450) 506-1113
Hours:
Mon–Fri: 9 am–6 pm;
Sat–Sun: 10 am–6 pmm
Pro Tip: Always check the exchange rate in advance and call ahead to confirm service availability. Many exchange offices charge flat fees or offer slightly different rates depending on the currency and volume.
4. Online Alternatives (e.g., KnightsbridgeFX)
When it comes to exchanging money online, KnightsbridgeFX offers a faster, more transparent, and cost-effective experience. Unlike banks or kiosks, we provide:
Mid-market-aligned rates
Locked-in quotes over the phone
Same-day delivery
No surprise fees
If you're exchanging larger amounts, especially if you're moving funds from your bank account or managing large payments abroad, KnightsbridgeFX is your ideal solution.
Why Choose KnightsbridgeFX for Currency Exchange in Montreal?
Better exchange rates than most major banks in Montreal—up to 2.5% cheaper
No hidden fees or commissions
Same-day transfers
Secure and regulated by FINTRAC
Friendly support by phone or online
We've already helped over 130,000 Canadians exchange more than $2 billion, and we'd be delighted to help you, too.
Here's how you can get the best exchange rate in Canada and save money
You get approved upon validation of your documents.
Usually less than 1 business day.
03
Book a transaction
Book your exchange online (via your Knightsbridge FX account), or through our customer service (phone, email, chat).
Usually under 5 minutes
04
Send your funds
Transfer your funds to us by: Bill Payment, Wire Transfer or EFT.
Usually Same Day Processing (based on transfer method)
05
Receive your funds
Your converted funds are transferred to the specified account (yours, someone else's or to a company)
Usually Same Day Processing (if requested by wire)
Use our currency savings calculator to see how much you can save compared to your bank.
Our service is compatible with all Canadian and Quebec-based banks.
Benefits of Exchanging Currency with KnightsbridgeFX
Security
At KnightsbridgeFX, your safety comes first. As a FINTRAC-regulated platform, we offer robust security measures, including a $1,000,000 safety net to protect your funds.
Fast Transfers
Complete your transaction before your bank's cut-off time, and we’ll ensure your money transfer is delivered on the same day – quick, reliable, and hassle-free.
Transparency
No hidden fees, no surprises. You'll receive a detailed transfer receipt before finalizing your transaction, giving you complete clarity on all charges.
Convenience
Registering and booking a transfer takes just minutes. Plus, our service seamlessly integrates with all Canadian and Quebecois banks, making it simple and efficient.
Exceptional Customer Service
Our fast and reliable transaction process is backed by friendly, professional support. Need assistance? Call us anytime on our toll-free number for prompt help.
Make the Smart Money Exchange in Montreal Today
Take control of your money with the best exchange rates, outstanding service, and no hidden fees. Say goodbye to expensive foreign currency exchange at your bank and enjoy more value directly from your bank account to ours.
What is Knightsbridge Foreign Exchange's Best Rate Guarantee?
We guarantee to offer better exchange rates than your financial institution. If you find a lower rate from a competitor, we’ll verify their quote and ensure we beat it.
What is the minimum amount I can exchange?
Our typical transaction size ranges from $2,000 per transaction to up to $40 million annually. While the minimum amount is generally $2,000, we do have some flexibility. Please note that when sending funds outside of Canada, intermediary and receiving banks may charge fees for incoming transfers.
How secure are my funds?
Client funds are held in a segregated client account at a major Canadian financial institution, separate from operating accounts, ensuring complete security. Once your currency transaction is executed, you’ll receive a trade confirmation on our letterhead, outlining all agreed-upon details for your records.
Every transaction comes with a confirmation number and is fully traceable electronically through Canadian banks. Transfers are quick (usually same-day or next business day) and securely processed via wire transfer or direct deposit.
We are regulated by FINTRAC (Financial Transactions and Reports Analysis Centre of Canada), a Government of Canada agency, under registration number M09819788. Over the years, we’ve converted billions of dollars for thousands of Canadian clients. You’ll also find client testimonials featured in reputable media outlets, including the Toronto Star and Globe and Mail.
For further assurance, our client account is in good standing with our Canadian financial institution, which is happy to verify this via a bank letter or phone reference upon request. We are also fully integrated with all major Canadian banks, so you can test our service with a smaller amount to experience how it works.
Why don’t you display your rates online?
Exchange rates vary depending on the amount being converted. Contact us via phone or email with the amount you wish to exchange, and we’ll provide a quote inclusive of any fees, tailored to your specific transaction size.
Can I pay with cash, cheque, or bank draft?
Unfortunately, we do not accept payments in cash, cheque, or bank draft.
How does Knightsbridge Foreign Exchange offer better rates than banks?
Our high transaction volumes grant us significant purchasing power, allowing us to secure bulk rates and pass those savings directly to you. We also provide free wire transfers. Unlike banks, which often include hidden fees to cover their complex infrastructures, we keep costs transparent and competitive.
Why do banks collaborate with you if you're a competitor?
Banks are required to work with us for anti-competitive fairness under market regulations.
How do I register as a corporation?
Simply complete the Corporate Form, available here.
Knightsbridge Foreign Exchange simplifies currency exchange while prioritizing security, transparency, and exceptional rates. If you have further questions, don’t hesitate to contact us!
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