Set up your MTFX account, complete verification, and manage your details easily.

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Managing your account

Adding & managing beneficiaries

Managing your beneficiaries effectively makes transfers faster and safer. With MTFX, adding or updating recipients is simple—whether you’re sending money to family, paying suppliers, or managing business transactions abroad.&nbsp;<h2>What is a beneficiary?&nbsp;</h2>A beneficiary is the person or business receiving your transfer. Entering their details accurately ensures payments are delivered on time and without delays.&nbsp;<h3>How to add a new beneficiary&nbsp;</h3>Follow these steps to add a beneficiary in your MTFX dashboard:&nbsp;<ol style="list-style-type:decimal;"><li>Log in to your account.&nbsp;</li><li>Go to Beneficiaries or Recipients.&nbsp;</li><li>Select Add New Beneficiary.</li><li>Enter details:<ul style="list-style-type:circle;"><li>Full name or company name</li><li>Bank account number or IBAN</li><li>Bank name and address</li><li>SWIFT/BIC code (for international transfers)</li></ul></li><li>Review and save the beneficiary profile.&nbsp;</li></ol><h3>How to manage existing beneficiaries&nbsp;</h3>From your dashboard, you can:&nbsp;<ul style="list-style-type:disc;"><li>Edit Details: Update account numbers, addresses, or other information.&nbsp;</li><li>Delete: Remove recipients you no longer use.&nbsp;</li><li>View History: See past payments made to each beneficiary.&nbsp;</li></ul>This helps you keep records organized and track supplier or partner payments more easily.&nbsp;<h3>Why beneficiary management matters&nbsp;</h3><ul style="list-style-type:disc;"><li>Saves time on repeat transfers.&nbsp;</li><li>Reduces errors by keeping details current.&nbsp;</li><li>Makes tracking payment history simple&nbsp;</li><li>Supports both <a target="_blank" href="https://www.mtfxgroup.com/personal-payment-solutions/" target="_blank" rel="noopener noreferrer">personal </a>and <a target="_blank" href="https://www.mtfxgroup.com/business/" target="_blank" rel="noopener noreferrer">business</a> payments.&nbsp;</li></ul><h3>Tips for smooth beneficiary management&nbsp;</h3><ul style="list-style-type:disc;"><li>Double-check account numbers and <a target="_blank" href="/swift-codes/" target="_blank" rel="noopener noreferrer">SWIFT/BIC codes</a> before saving.&nbsp;</li><li>Review your list regularly and update outdated details.&nbsp;</li><li>Use clear names for suppliers and business partners.&nbsp;</li><li>Remove inactive recipients to keep your list clean.&nbsp;</li></ul>New to MTFX? <a target="_blank" href="https://online.mtfxgroup.com/register/">Create your account now</a> and start sending money with confidence.&nbsp;

Learn how to easily add, edit, and manage beneficiaries in your MTFX account so you can send international payments quickly, securely, and without errors.

Adding and Managing Beneficiaries in Your MTFX Account

Account registration & setup

An MTFX account provides a safe way to manage global payments, with full access to multiple currencies and powerful payment tools. Registration takes just a few steps, and once approved, you can begin using your account right away. This guide shows you how to open an FX account and set it up for daily use.&nbsp;<h2>How to register for an MTFX account&nbsp;</h2>Getting started takes just a few steps:&nbsp;<ol style="list-style-type:decimal;"><li>Visit the MTFX website: Go to<a target="_blank" href="http://www.mtfxgroup.com/"> www.mtfxgroup.com</a> and select Open an Account.&nbsp;</li><li>Choose your account type: Pick a Personal or Business account. If you need to open an FX business account in Canada, choose Business.&nbsp;</li><li>Complete the online application: Provide your contact details, intended account use, and required information.</li><li>Await account approval: Our compliance team will review your submission. Most accounts are ready within minutes. Once approved, you can start sending money immediately.&nbsp;</li></ol><h2>Setting up your MTFX account&nbsp;</h2>After approval, log in to your dashboard to:&nbsp;<ul style="list-style-type:disc;"><li>Set preferred currencies and payment methods&nbsp;</li><li>Add bank account details for transfers&nbsp;</li><li>Save and manage beneficiaries&nbsp;</li><li>Turn on notifications for alerts&nbsp;</li><li>Review account limits and service features&nbsp;</li></ul>Tip: Businesses working with overseas suppliers or international staff can benefit from <a target="_blank" href="https://www.mtfxgroup.com/business/multi-currency-account/">multi-currency accounts</a>. These let you hold and pay in different currencies, simplifying global payments.&nbsp;<h3>Why open an account with MTFX?&nbsp;</h3>Here are some reasons to create your MTFX account to transfer money.<ul style="list-style-type:disc;"><li><a target="_blank" href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/" target="_blank" rel="noopener noreferrer">Access competitive exchange rates</a> and low fees&nbsp;</li><li>Manage multiple currencies in one place&nbsp;</li><li>Track transfers in real time&nbsp;</li><li>Get dedicated support and expertise&nbsp;</li><li>Rely on safe and regulated FX services&nbsp;</li></ul>Support for your registration&nbsp;Need help setting up? The MTFX team is here to guide you every step of the way. <a target="_blank" href="/contact-us/" target="_blank" rel="noopener noreferrer">Contact us for assistance</a> with account registration or account management.&nbsp;

Opening an MTFX account is quick and safe. You can complete the application online and start managing international payments within days. Once registered, you’ll gain access to your secure dashboard where you can send, receive, and track money across borders. 

Get Started with MTFX

Opening an MTFX account gives you fast access to global payment services without the complexity of traditional banks. In just a few minutes, you can complete the registration, submit your documents, and be ready to move money internationally with competitive rates and secure settlement.<h2>Standard approval timeframe</h2>Whether you apply for a personal or business account, it usually takes just a few minutes to create your account. Once you’ve entered your details and uploaded the required documents, your account can often be approved the same day. After verification, you can immediately begin sending or receiving international payments.If you need help with registration, document submission, or account setup, the <a target="_blank" href="/contact-us/" target="_blank" rel="noopener noreferrer">MTFX support team</a> is available to guide you.&nbsp;<h2>What can affect approval time?</h2>While most accounts are approved the same day, but some factors may extend the process:&nbsp;<ul><li>Accuracy of the information provided in the application</li><li>Submission of all required documents at the time of application</li><li>Occasional requests for extra documentation, with guidance provided by our team</li><li>Public holidays or weekends that pause processing</li></ul>Tip: &nbsp;Prepare complete and accurate documents in advance to minimize delays and ensure your account is ready as quickly as possible.<h2>How you’ll be notified</h2>Once your account is approved, you will receive an email with login details. From there, you can <a target="_blank" href="https://www.mtfxgroup.com/login/">log in</a>, complete your profile, and start managing cross-border payments.Your MTFX dashboard allows you to:<ul><li>Add beneficiaries</li><li><a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/" target="_blank" rel="noopener noreferrer">View live exchange rates</a></li><li>Manage and track transfers&nbsp;</li></ul><h2>Support during registration</h2>If you need assistance at any stage, our support team is here to help. We’ll clarify documentation requirements, explain approval timelines, and outline next steps so you can focus on managing your payments with confidence.&nbsp;

Creating an MTFX account is quick and easy. The process is user-friendly and only takes a few minutes to complete.

How Long Does it Take to Open an MTFX Account?

Choosing the right account with MTFX ensures you have access to the most relevant tools, rates, and support, whether you’re managing personal finances across borders or running a company with international suppliers. In every case, you benefit from bank-beating FX rates, no transfer fees, and secure, regulated services.<h2>Personal accounts&nbsp;</h2>A Personal account is designed for individuals who need to send or receive money abroad. It provides access to competitive exchange rates without hidden fees, making it ideal for:<ul><li>Expatriates managing finances between countries</li><li>Freelancers receiving international payments</li><li>Families supporting relatives overseas</li><li>Buying overseas property</li><li>Individuals buying property, paying tuition, or covering other cross-border expenses</li></ul>With a Personal account, you can exchange currencies quickly, transfer funds securely, and track transactions online, all in just a few clicks.<h2>Business accounts</h2>MTFX’s business account supports companies of all sizes with both routine and one-off international payment needs. It goes beyond basic transfers, offering solutions to manage complex cross-border flows, such as:<ul><li>Supplier and vendor payments</li><li>International payroll and contractor fees</li><li><a target="_blank" href="https://www.mtfxgroup.com/business/bulk-payments/" target="_blank" rel="noopener noreferrer">Bulk payments</a> or recurring payments</li><li><a target="_blank" href="https://www.mtfxgroup.com/business/multi-currency-account/" target="_blank" rel="noopener noreferrer">Multi-currency accounts</a> to hold and pay in different currencies</li><li>Access to compliance support and planning tools&nbsp;</li></ul>For businesses trading globally, a Business account provides speed, transparency, and scalability. By cutting bank fees and offering better exchange rates, companies can keep more cash flow and protect their margins.<h2>Why open an account with MTFX</h2>No matter which account you choose, every MTFX client benefits from:<ul><li><a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/" target="_blank" rel="noopener noreferrer">Bank-beating exchange rates</a> with no margin/markup</li><li>Access to advanced FX tools, such as live rates and rate alerts</li><li>Secure, regulated international payment services</li><li>Expert support tailored to your account type</li></ul>The verification process is fast and straightforward. Once approved, you can begin sending or receiving international payments the same day—with lower costs, faster settlement, and full visibility over every transfer.&nbsp;

MTFX offers Personal and Business accounts for international money transfers. Opening an account takes only a few minutes online with a simple step-by-step process.

What Types of MTFX Accounts are Available and Which One Should I Choose?

Customer support & account assistance

Our support team is ready to assist with everything from account setup and beneficiaries to transfers and compliance checks. MTFX customer support is quick, clear, and secure- so you always have confidence in your payments.This guide explains how to contact MTFX support and the types of account assistance available.&nbsp;<h2>Ways to reach MTFX customer support&nbsp;</h2>You can connect with us anytime through the following channels:&nbsp;<ul style="list-style-type:disc;"><li>Phone support- Call our customer service line to speak directly with a specialist.&nbsp;</li><li>Email support- Send us your questions by email and receive a prompt reply.</li><li>Live chat- Use the live chat feature on the MTFX website for instant answers.</li></ul><h2>Types of account assistance available&nbsp;</h2>Our support team provides help with a wide range of services, including:&nbsp;<ul style="list-style-type:disc;"><li>Account registration and verification</li><li>Adding or managing beneficiaries&nbsp;</li><li>Tracking transfers and checking payment status&nbsp;</li><li>Exchange rate inquiries and <a target="_blank" href="https://www.mtfxgroup.com/tools/currency-rate-alerts/">rate alerts</a> setup&nbsp;</li><li>Help with high-value or <a target="_blank" href="https://www.mtfxgroup.com/business/bulk-payments/" target="_blank" rel="noopener noreferrer">bulk transfers</a></li><li>Technical support for your online dashboard&nbsp;</li></ul>With MTFX, finding the right assistance is simple- whether you need help with personal transfers or advanced business services.&nbsp;<h2>When is customer support available?&nbsp;</h2>MTFX offers 24/7 customer support to meet the needs of clients across time zones and regions. Our team is always available to answer questions, guide you through setup, or assist with your international transfers.<h3>Why MTFX support stands out&nbsp;</h3><ul style="list-style-type:disc;"><li>Fast and reliable responses&nbsp;</li><li>Dedicated help for business and corporate clients&nbsp;</li><li>Access to currency market information and financial guidance&nbsp;</li><li>Secure handling of your account information&nbsp;</li></ul>Ready to get support? Whether you need help opening an account, managing payments, or setting up business services, MTFX support makes the process simple. <a target="_blank" href="/contact-us/" target="_blank" rel="noopener noreferrer">Contact us anytime</a>- our team will guide you every step of the way.&nbsp;

Get 24/7 support for your MTFX account. From setup to transfers, our team is here to ensure your international payments run smoothly. 

Customer Support & Account Assistance at MTFX

Updating personal & business information

Accurate information is essential for uninterrupted transfers and compliance. Any changes to your personal or business details should be reflected in your account right away. Doing so prevents settlement delays, keeps your account secure, and ensures compliance with financial regulations.<h2>When should you update your information?&nbsp;</h2>Update your MTFX account as soon as changes occur in any of the following areas:&nbsp;<ul style="list-style-type:disc;"><li>Personal details: name, address, phone number, or email address&nbsp;</li><li>Business details: company name, address, directors, ownership, or banking details&nbsp;</li><li>Identification documents: when your passport or other government ID has expired or been renewed&nbsp;</li><li>Bank accounts: changes in banking details, like account information or bank name.&nbsp;</li></ul>Timely updates help prevent service interruptions and keep your account ready for use at all times.&nbsp;<h2>How to update your information&nbsp;</h2>Updating your details in MTFX is secure and straightforward:<ol style="list-style-type:decimal;"><li>Log in to your MTFX account&nbsp;</li><li>Go to Account Settings or Profile&nbsp;</li><li>Select the field that requires an update.&nbsp;</li><li>Enter new details and save&nbsp;</li></ol><h2>Benefits of keeping information current&nbsp;</h2>Keeping your information up to date provides several advantages:<ul><li>No delays – Transfers and notifications reach you on time.</li><li>Compliance – Your account stays aligned with KYC and AML requirements.</li><li>Uninterrupted access – Avoid restrictions caused by outdated details.</li><li>Personalized services – Continue to access tailored rates and account tools.&nbsp;</li></ul><h2>Final thoughts&nbsp;</h2>Updating your personal or business information is an important part of managing your MTFX account. Keeping your ID, proof of address, and banking details current ensures secure, compliant, and uninterrupted international transfers. A quick profile review every so often helps maintain seamless payment operations for both personal and business needs.&nbsp;

It’s easy to update your personal or business information in your MTFX account. This guide explains when updates are required, how to make them, and why keeping your details current ensures smooth, secure, and compliant transfers. 

Updating Personal & Business Information in Your MTFX Account

Setting up and managing your account

Opening and managing your MTFX account is straightforward. Register online, complete identity checks, and use your dashboard to send money abroad, manage recipients, track transfers, and download statements. This article explains each step so you can set up your account correctly and keep everything running smoothly.&nbsp;<h2>Account types</h2>PersonalFor individuals <a target="_blank" href="https://www.mtfxgroup.com/send-money/" target="_blank" rel="noopener noreferrer">sending or receiving money internationally</a>.&nbsp;BusinessFor companies that need to <a target="_blank" href="https://www.mtfxgroup.com/business/pay-suppliers/" target="_blank" rel="noopener noreferrer">pay suppliers</a>, contractors, or overseas staff.<h2>What you need before you start</h2>1. Personal accounts<ul><li>Valid government photo ID (passport or driver’s licence)</li><li>Proof of address</li><li>Basic contact details</li></ul>2. Business accounts<ul><li>Legal business name and registration number</li><li>Business address and contact details</li><li>Beneficial owners’ information</li><li>Proof of address for authorised signatories</li></ul><h2>How to open your MTFX account</h2><ul><li>Choose Personal or Business</li></ul>Select the account type that fits your needs.&nbsp;<ul><li>Complete the online form</li></ul>Enter your details and upload the required documents. Businesses should include registration documents and owner information.<ul><li>Verify your identity (KYC)</li></ul>Follow the prompts to confirm your identity. This keeps your account secure and ensures compliant transfers.&nbsp;<ul><li>Compliance review and approval</li></ul>MTFX reviews your submission and may contact you for clarifications. Most accounts are approved quickly once documents are verified.&nbsp;<ul><li>Access your dashboard</li></ul>After approval, sign in to <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/" target="_blank" rel="noopener noreferrer">view live rates</a>, <a target="_blank" href="https://www.mtfxgroup.com/tools/currency-rate-alerts/?from=cad&amp;to=usd" target="_blank" rel="noopener noreferrer">set alerts</a>, add beneficiaries, and start sending transfers.<h2>Managing your account: key features</h2>From your dashboard you can:<ul><li>Add, edit, or remove beneficiaries with saved details for faster repeat payments</li><li>Send one-time or recurring transfers and view live FX rates before confirming</li><li>Set rate alerts for chosen currency pairs</li><li>Track transfers and view statuses in real time</li><li>Download statements and payment reports for reconciliation</li><li>Update personal, business, or banking details</li><li>Get support via chat, email, or phone. Business clients may also work with a dedicated manager</li></ul><h2>Beneficiaries</h2><ul><li>Use the exact name on the recipient’s bank account</li><li>Include the correct IBAN or account number and the bank identifier (SWIFT, routing code)</li><li>Save beneficiaries to reduce typing errors</li></ul><h2>Sending a transfer</h2><ul><li>Choose your currency pair and enter the amount</li><li>View the live rate, then confirm</li><li>Select a saved beneficiary or add a new one</li><li>Fund the transfer as instructed</li><li>Track progress from your dashboard until delivered</li></ul>Tip: <a target="_blank" href="https://www.mtfxgroup.com/tools/currency-rate-alerts/?from=cad&amp;to=usd" target="_blank" rel="noopener noreferrer">Set a rate alert</a> if you are looking for low exchange rates. You will be notified when your target rate is available.<h2>Best practices</h2><ul><li>Keep your profile and bank details current to avoid delays</li><li>Save multiple beneficiaries and use templates for frequent payments</li><li>Monitor transfer status and enable email notifications</li><li>Respond quickly to any follow-up questions from compliance</li></ul><h2>Troubleshooting and quick fixes</h2><ul><li>Document rejected</li></ul>Re-upload a clear, uncropped documents. Ensure names and addresses match your application.<ul><li>Name mismatch</li></ul>Use the legal name that appears on your ID or registration documents.<ul><li>Beneficiary errors</li></ul>Double-check IBAN, account number, and bank codes. Small typos cause rejections.<ul><li>Transfer on hold</li></ul>Compliance may need extra details. Check your email or dashboard messages and reply promptly.<ul><li>Cannot log in</li></ul>Reset your password and verify you are using the correct email. If issues persist, contact support.<h2>Why good account management matters</h2><ul><li>Faster, more reliable transfers</li><li>Fewer compliance follow-ups</li><li>Clear visibility of rates, fees, and delivery status</li><li>Smoother payment runs for both personal and business needs</li></ul>Already registered? Sign in to your MTFX account and review your dashboard tools.

Open an MTFX account online in minutes, verify your details, and start sending money globally once approved. With MTFX, you will also get tools that make your money transfer experience simple and quick.

How to Set Up and Manage Your MTFX Account

Contact our support team for quick, reliable assistance. We’re here to help you resolve any issues and keep your transfers moving smoothly.

Adding and Managing Beneficiaries in Your MTFX Account

What is a beneficiary?

How to add a new beneficiary

How to manage existing beneficiaries

Why beneficiary management matters

Tips for smooth beneficiary management

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How Long Does it Take to Open an MTFX Account?

What Types of MTFX Accounts are Available and Which One Should I Choose?

Customer Support & Account Assistance at MTFX

Updating Personal & Business Information in Your MTFX Account

How to Set Up and Manage Your MTFX Account