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Trying to transfer money from Canada to the UK? You can skip the expensive bank transfer fees and enjoy exchange rates that are 3-5% lower.
England is one of the most popular destinations for money sent abroad from Canada. With today's technological advancements, sending money to England should all be in a day's work. It should be a quick, easy, and cheap process, whether you're making payments to international suppliers or paying your UK workers.
However, although there are many ways to send money abroad, most options leave cost-effectiveness and efficiency out of the equation. Let's look at the best way for businesses to send money to England and why you should avoid poor GBD/CAD rates.
Sending money from Canada to the UK can be done in a few different ways. The most common methods are using an online money transfer service, or using a bank. However, with the given steps you can send money to the UK:
Remember to compare options, consider fees and exchange rates, and be mindful of transfer times when choosing your method.
Due to globalization and technology, exchange rates now have a greater impact on businesses. International transactions are part and parcel of accessing the global marketplace, and foreign currency exchange rates influence each transaction.
As a savvy and profit-minded business, it's worth your while to send money using a service that offers the best exchange rates on the market. This positively affects your business by reducing the cost of supplies. For instance, if your operations are dependent on a UK supplier, you need to maximize the Canadian dollar value when converting to pounds to maintain a high level of profitability.
The GBP/CAD exchange rate is always in a state of flux. So what is the current GBP/CAD exchange rate?
The cost of poor GBP/CAD rates might not be obvious, but costs add up over time. If you're using expensive services regularly, it takes a sizable chunk out of your profits. This is one of the major reasons why sending money to Britain via banks is a last resort option.
It's common for Canadian businesses to transfer money to the UK using banks and high street transfer services. These financial institutions provide a convenient way to process international payments, but the biggest problem is they charge a premium for it. Additionally, banks take too long to transfer funds, which can slow down your supplier's responsiveness or interfere with other business operations.
In contrast, a foreign exchange and global payments service like MFTX can completely reshape how you send money to the United Kingdom. At a glance, you can expect:
Before sending money to England, make sure you have the following information on hand:
Both Canadian businesses and individuals can send money to the UK via MFTX.
Businesses usually send money to the UK for the following reasons:
Individuals usually send money to the UK for the following reasons:
Saving money is one of the many perks to transfer money to the UK with MTFX. There's more, including fast turnaround times and friendly, 24/7 customer support.
Create an MFTX account today, and start transferring money to England as soon as account registration is complete. Enjoy the 3-5% lower-than-bank exchange rate with the highest convenience.
Yes. MTFX has a secure 24/7 online platform. You can:
With MTFX, you can send money transfers to the United Kingdom from Canada for as low as $15 in transfer fees. Transactions over $10,000 are subject to no additional fee
The time it takes to transfer money to England with MTFX can vary, but it usually takes 1-2 business days.
If you're looking for the fastest way to send money to the UK, MTFX is a great option. Follow these simple steps:
Popular Countries to send money to from Canada;
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