What is the best way to transfer money for an overseas property purchase?

For large overseas property payments, many buyers use a specialist foreign exchange provider instead of a bank because the exchange rate can have a bigger impact than the transfer fee. MTFX helps Canadian buyers compare rates, plan timing, and send funds securely.

How do I transfer money to an international bank account?

Simply set up your recipient, choose your currency, and complete the transfer online. MTFX handles the foreign exchange services, so you can send money internationally directly to a bank account with ease.

What details do I need to send money to a solicitor, notary, developer, or lender?

You typically need the beneficiary name, bank name, account number or IBAN, SWIFT/BIC code, beneficiary address, payment currency, amount, and a clear payment reference.

What documents are required for a large overseas property transfer?

You may need government-issued ID, proof of address, the property purchase agreement, source-of-funds documents, and the recipient’s verified bank details. Additional documents may be requested for compliance checks.

Can I use MTFX for recurring or regular payments?

Yes, MTFX personal payment solutions support recurring transfers, making it simple to send money overseas regularly for expenses like tuition, property, or family support.

Why do large property transfers require additional verification?

Large transfers may require identity, account, payment-purpose, or source-of-funds checks. This helps protect customers and supports regulatory compliance.

How early should I arrange my overseas property transfer?

It is best to start planning as soon as your offer is accepted or your payment deadline is known. This gives you time to verify your account, prepare documents, compare rates, and avoid last-minute delays.

What do I need to open a personal MTFX account?

Opening a personal account is quick and straightforward. Simply register online, complete identity verification, and once approved you can start sending money right away with better rates, lower costs, and personal support. MTFX offers the best way to send money abroad for personal transfers.

Can I lock in an exchange rate before my property payment is due?

Depending on your needs and eligibility, MTFX can discuss rate lock-in options for future property payments so you can manage currency risk before your deadline.

Is it cheaper to use MTFX instead of a bank for a property transfer?

The total cost depends on the exchange rate, transfer fees, amount, and currency pair. Because exchange-rate markups can be costly on large transfers, comparing MTFX with your bank before sending can help you make a more informed decision.

★Rated Excellent on Trustpilot

FINTRAC Regulated

Trusted Since 1996

Same-Day Wires

Buy Property Abroad with Better Exchange Rates and Zero Fees

MTFX helps Canadian buyers send deposits, closing balances, and mortgage payments securely with competitive exchange rates, clear tracking, and specialist FX support.

Get a Free Quote

Speak to an FX Expert

MTFX Live Rate Calculator

Conversion rate

CAD/

/CAD

Total amount

500,000.00 CAD

We use mid-market rates. This is for informational purposes only. Log in to view send rates.

30+

Years of FX expertise serving customers worldwide

20K+

Customers send money abroad with MTFX every year

10B+

Moved in cross-border payments, year after year

Save up to 4% vs banks

Don’t Let the Bank Take a Cut of Your Property Budget

Whether you are sending a deposit, stage payment, or final balance, MTFX helps you move money securely with competitive exchange rates and expert support.

Property Purchase Transfer

Potential Savings

$16,000

Based on up to 4% savings compared with major banks.

More money toward your purchase

Deposit Payment

Potential Savings

$1,600

Based on up to 4% savings compared with major banks.

Keep more cash for legal fees, furnishing, or travel

Get a free quote Speak to an FX Expert

Illustrative savings only. Actual savings vary by currency, amount, exchange rate, timing, and fees.

Send Property Payments to Popular Overseas Destinations

Ready to buy property abroad? Get bank-beating exchange rates, avoid unnecessary transfer fees, and move your funds securely with MTFX.

01 / 07

Traditional Portuguese coastal village with whitewashed homes overlooking dramatic cliffs and the Atlantic Ocean.

Portugal

From a sun-soaked villa in the Algarve to a stylish apartment in Lisbon or Porto, Portugal offers an attractive blend of lifestyle, culture and long-term opportunity. Whether you are buying a holiday retreat, relocating permanently or investing in property, planning your currency transfers early can help you manage costs and avoid unexpected exchange-rate movements.

Plan your Portugal property transfer

Spain

From a coastal villa on the Costa del Sol to an elegant apartment in Madrid or Barcelona, Spain offers an inviting mix of sunshine, culture and everyday European living. Whether you are relocating, buying a holiday property or investing for the long term, arranging your currency transfers in advance can help you manage costs and avoid unwelcome exchange rate surprises.

Plan your Spain property transfer

Dominican Republic

From a beachfront condo in Punta Cana to a peaceful villa in Las Terrenas, the Dominican Republic offers warm weather, vibrant communities and an appealing Caribbean lifestyle. Whether you are purchasing a holiday home or investing in a rental property, preparing your transfers early can help you manage costs and reduce exposure to exchange rate changes.

Plan your DR property transfer

Costa Rica

From a coastal retreat in Guanacaste to a modern home near San José, Costa Rica combines natural beauty, outdoor living and attractive property opportunities. Whether you are relocating, buying a seasonal escape or investing for the future, planning your international payments ahead of time can help protect your purchase from currency fluctuations.

Plan your Costa Rica property transfer

United States

From a Florida vacation home to an apartment in New York or a property in California, the USA offers diverse opportunities for Canadian buyers across a wide range of markets. Whether you are relocating, investing or purchasing a second home, planning your CAD to USD transfers early can provide greater certainty over costs and reduce the impact of currency movements.

Plan your US property transfer

Caribbean

From a laid-back beachfront villa to a private island retreat, the Caribbean offers a wide range of property options surrounded by warm weather, clear waters and relaxed island living. Whether you are buying a holiday home, preparing for retirement or seeking an investment, planning your international transfers early can help keep your budget on track.

Plan your Caribbean property transfer

Scenic view of the Burj Al Arab hotel and traditional style villas surrounded by lush greenery and water canals at Madinat Jumeirah.

Dubai

From a luxury apartment overlooking Downtown Dubai to a waterfront home on Palm Jumeirah, Dubai offers modern living, world-class amenities and a dynamic property market. Whether you are moving abroad, purchasing a second home or expanding your property portfolio, a well-planned currency strategy can help you control costs and manage FX risk.

Plan your Dubai property transfer

Trusted FX Expertise

Why Canadians Trust MTFX for Overseas Property Payments

Bank-Beating Exchange Rates

Save up to 4% compared with banks, helping more of your money go toward the property instead of FX markups.

Regulated & Secure Transfers

Send large property payments with confidence through a FINTRAC-regulated provider with secure transfer processes.

Fast International Settlement

Keep deposits, stage payments, and closing balances on schedule with most transfers arriving within 1–2 business days.

Dedicated Property FX Support

Work with FX specialists who understand overseas property payments, large transfers, and time-sensitive transactions.

Global Reach

Send property payments in 50+ currencies to 200+ countries, whether you are buying a home or vacation property.

Rate Alerts & Lock-Ins

Set target rate alerts or lock in an exchange rate for future payments to protect your budget from currency swings.

GLOBAL REACH

How It Works

Steps for Sending an Overseas Property Payment with MTFX

From quote to final settlement, MTFX helps you secure your rate, manage your payment, and track your overseas property transfer with specialist support.

Start with Strategy

Plan Your Transfer

Speak with a dedicated property FX specialist
Review your payment timeline and FX options
Explore rate alerts and lock-ins
Get a tailored quote for overseas transfer

Lock In Your Rate

Secure Your Rate

Plan ahead with a currency rate lock-in
Protect your budget from FX volatility
Schedule payments around key milestones
Keep your solicitor or notary timeline on track

Complete Your Transfer

Ensure Timely Purchase

Move funds securely across borders
Stay on schedule with fast settlement
Track your payment from start to finish
Plan future payments with ongoing support

Key Considerations

Get More Value from Your Overseas Property Transfer

Your overseas property purchase may involve several payments, each with its own deadline and currency requirement. MTFX helps you manage them with competitive rates, secure transfers, and expert support from the deposit to the final payment

Did you know?

A 2% exchange rate movement on a $500K property can cost you $10,000

MTFX rate lock-in can help protect your budget.

Global Property Payments

Trusted by Canadians for High-Value Property Transfers

Buying property abroad requires precise timing & careful FX management. MTFX helps Canadian buyers compare rates, transfer securely, and keep property payments on schedule.

$10B+

Transferred Annually

30+

Years of Experience

190+

Countries Served

50+

Currencies Available

“We were comparing rates to exchange CAD to USD to purchase a property. We are so happy that we chose MTFX! We saved a lot of money by choosing this company. The money was exchanged right away, and the transfer was received in a couple of days. Very professional company with excellent customer service.”

Vivian Castilla

MTFX have such amazing agents. Their personalized service makes me feel like I am MTFX’s only customer. They get everything done so fast that I cannot believe how they do that? They watch for the best exchange rates whenever I need them to do it. I have referred them to many potential clients, and they reach out and they are always happy. MTFX is so far advanced with great customer service compared to Canadian banks that constantly give their customers terrible service, no tracking, high rates, lost funds and making the worst transfer errors ever. There are virtual banks that give better exchange rates, but I will always stick with MTFX because of your well-oiled systems and great agents. I honestly think all the service agents at MTFX have been great since I started in 2019. MTFX still stands out from the crowd because they have given me the best customer service I have ever had!

Shakeita Young

“The MTFX team made exchanging funds really easy and straightforward. My agent gave me a direct line and was always happy to answer all my questions, no matter how small. I felt comfortable and well taken care of.” "I’ll definitely keep using MTFX in the future."

Fawzi

“MTFX helped me to transfer money to Japan. I really felt that they tried to not lose my money. When I transferred, the rate was quite good.”

Ririn

“MTFX made my experience great! They paid attention to detail and were extremely patient, answering all of my questions. Thank you for going above and beyond!” "Working with MTFX does take a bit of setup due to KYC laws, but they were the shop that could take bill pay from both TD and RBC and had one of the best rates I could find (I think I spent too much time rate shopping!)."

Daniel

FAQs

: For large overseas property payments, many buyers use a specialist foreign exchange provider instead of a bank because the exchange rate can have a bigger impact than the transfer fee. MTFX helps Canadian buyers compare rates, plan timing, and send funds securely.
: Simply set up your recipient, choose your currency, and complete the transfer online. MTFX handles the foreign exchange services, so you can send money internationally directly to a bank account with ease.
: You typically need the beneficiary name, bank name, account number or IBAN, SWIFT/BIC code, beneficiary address, payment currency, amount, and a clear payment reference.
: You may need government-issued ID, proof of address, the property purchase agreement, source-of-funds documents, and the recipient’s verified bank details. Additional documents may be requested for compliance checks.
: Yes, MTFX personal payment solutions support recurring transfers, making it simple to send money overseas regularly for expenses like tuition, property, or family support.
: Large transfers may require identity, account, payment-purpose, or source-of-funds checks. This helps protect customers and supports regulatory compliance.
: It is best to start planning as soon as your offer is accepted or your payment deadline is known. This gives you time to verify your account, prepare documents, compare rates, and avoid last-minute delays.
: Opening a personal account is quick and straightforward. Simply register online, complete identity verification, and once approved you can start sending money right away with better rates, lower costs, and personal support. MTFX offers the best way to send money abroad for personal transfers.
: Depending on your needs and eligibility, MTFX can discuss rate lock-in options for future property payments so you can manage currency risk before your deadline.
: The total cost depends on the exchange rate, transfer fees, amount, and currency pair. Because exchange-rate markups can be costly on large transfers, comparing MTFX with your bank before sending can help you make a more informed decision.

Speak to an Overseas Property Specialist

Get expert guidance on timing, rates, and the best strategy for your international property payment.

Book a Consultation

Open Your MTFX Account

Create Free Account