Trying to send money from Canada to England? 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.

Why the GBP/CAD exchange rate matters

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?

Looking to transfer money to England?

View GBP Rates

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.

What is the best way to send money to the United Kingdom? (Bank Vs. MTFX)

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:

• Lower exchange rates. MTFX rates are unbeatable and 3-5% lower than banks. Real-life example: Sending 30,000 UK pounds to England could save you an impressive 1500 dollars or 5%.
• Lower transfer costs. MTFX doesn't charge high transfer fees, further reducing the cost of sending money to Britain.
• Same-day or next-day transfers. Your beneficiaries in Britain should receive the money sooner than sending it via a bank.
• No bank deductions. This is another hidden cost of international business payments you can avoid with MTFX.

What bank details are needed to transfer money to England?

Before sending money to England, make sure you have the following information on hand:

• Beneficiary name, address, and account number
• Bank name, address, and Swift or Sort code
• Reason for transfer 

Can I send money to a bank account online?

Yes. MTFX has a secure 24/7 online platform. You can:

• Check rates
• View balances
• Set rates alert
• Transfer money
• Track your transfer online.

Who uses MTFX to send money to the United Kingdom?

Both Canadian businesses and individuals can send money to the UK via MFTX.

Businesses usually send money to the UK for the following reasons:

• Paying suppliers
• Purchasing goods and services
• Making payments to your overseas workforce
• Making investments

Individuals usually send money to the UK for the following reasons:

• Paying for tuition fees
• Making investments
• Payments related to home purchases
• Payments related to relocating to England

Send money to England today

Saving money is one of the many perks of transferring money to the UK with MTFX. There's more, including fast turnaround times and friendly, 24/7 customer support.

• Is MTFX efficient? - Yes. Your beneficiaries receive money on the same day or the next day. You can also efficiently and conveniently set up payments to various beneficiaries via the online platform.
• What help do I get? - You get free expert guidance from a personal account manager to ensure a flawless customer experience from start to finish.
• Is MTFX secure? - The online platform is secure, and you can send money to England 24/7.

Create an MFTX account today, and start transferring money to England as soon as account registration is complete. Enjoy the 3-5% lower-than-banks exchange rate with the highest convenience.