Improve cost efficiency and cash flow with the help of our industry experts.
Paying overseas suppliers
Ensure that your transfers are received quickly and securely to overseas business partners. With access to our global network of financial institutions, our custom solutions are designed to expedite payment settlement.
Paying overseas staff
Easily transfer money to your staff overseas quickly and securely. Our international payroll solution provides you with the ability to transfer funds up to 500 employees by the click of a button.
Mitigating currency fluctuation
Our suite of money transfer solutions, including Limit Orders and Forward Contacts, will ensure that your business is protected from currency fluctuation risk.
How it works
Create an account
Our account opening process is fast and simple. Just fill in a few details and an MTFX team member will call you to complete setup.
Send your funds
Enter your recipient’s bank account details and book your transfer. Send your funds through a bank transfer or BPay.
Once we receive your funds, we will securely deliver them to your recipient. Most transfers take 1-2 business days. Track them online or in-app.
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Who can use the MTFX payment service?
Individuals and businesses who need to send money in foreign currency internationally can use MTFX’s services. The beneficiary of the transfer must have a bank account for the funds to be paid into.
Personal clients usually use our services to transfer money between their own accounts in two different countries.
Business clients usually use our services to transfer funds to suppliers, fund international operations, or repatriate overseas earnings.
Why should I use MTFX and not my own bank?
MTFX offers currency exchange rates that are 2-5% better than those offered by the banks. Personal clients usually save hundreds of dollars per transfer and for larger transfers, the savings can run into the thousands.
We also offer excellent customer service, dedicated currency specialists, and a 24/7 online platform with best-in-class technology that allows you to complete transfers from any device virtually anywhere in the world.
Business customers save with better currency exchange rates and proven solutions geared towards managing and mitigating foreign exchange risk. Our solutions include forward contracts, market orders, rate alert services, and much more - all backed by great technology and great people.
How do customers send funds to MTFX?
Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT), or ACH payment services. MTFX maintains bank accounts in all major currencies with highly-rated banks. Our banking infrastructure ensures that you can transfer funds to us quickly and securely.
How long does it take MTFX to transfer funds?
Our global network of banking partners allows us to get funds to virtually anywhere in the world quickly and efficiently. Most wire transfers from MTFX will be received by your beneficiary within 24-48 hours. MTFX also offers same-day transfers that are almost instantaneous, as well as low-cost in-country payment services for your less urgent transfers. For further information please speak to one of our currency specialists.
MTFX is in the process of migrating our online dealing system to a newer version which offers more functionality along with an updated look and feel. While we complete our migration, both versions of our online dealing platform will be accessible.