Here’s why sending money from Canada to France using a currency exchange specialist is Le best option: Fast payments, great exchange rates, low transfer fees, and voila!
When sending money to France, using banks often means accepting unfavorable exchange rates. If you want to avoid sky-high transfer costs that rival the Eiffel Tower, it’s best to look for more favourable options. This is especially so if you have suppliers or vendors in France.
The more reasons you have to send money to France, the more you can save if you secure a favourable exchange rate. Although many Canadians have previously used banks to transfer money to France, using a foreign exchange and payment solutions provider is now a la mode.
Why the EUR/CAD exchange rate matters?
France switched from the French Franc to the Euro in 2002. The Euro is the second most traded currency in the world. If you need to transfer money to a French beneficiary, you can get a higher ROI by looking for the most favourable currency conversion.
The relationship between the Canadian dollar and the Euro is always shifting, so it pays to keep current with the EUR/CAD trend. You can easily locate your target rate and keep more of your money amid all the fluctuations.
What is the current Canadian Dollar to Euro rate?
Sending money via MTFX means you can make the best-informed decision using the live currency rate calculator. Check rates in real-time before you transfer money to France.
What is the best way to send money to France?
If you’re looking for a quick, cost-effective, and secure way to send money from Canada to France, your best bet is to use a foreign exchange and currency conversion specialist. Traditionally, many people have relied on banks for these services, but innovative alternatives are now available at less cost.
For instance, with MTFX, you typically get rates that are 3-5% lower. So, for every CAD 10,000 you send to France, you can save up to $500, which adds up to $ 5,000 for every $100,000.
Remember, skipping the banks also means you don’t have to pay high transfer fees or additional bank fees, so your business coffers get richer.
To seal the deal, transferring funds takes as little as 24 hours or 48 hours, so you get more time savings than banks, which often take five working days or more to transfer your funds.
What bank details are needed to transfer money to France?
Here’s what you need when sending money to France from Canada:
Beneficiary account number (IBAN number)
Bank Swift code
Reason for sending money
Can I send money to a French bank account online?
Oui! The first step is registering a secure online business account on the MTFX platform. Once you log in, you can move your money to France with just a few clicks anywhere and anytime in Canada.
Managing your overseas payments has never been easier with MTFX automation technologies that enable hands-free transfers.
Who uses MTFX to send money to France?
Companies and individuals can both use MTFX to transfer money to France.
Send money to family, friends, or yourself in France
Pay for studies in France
Transfer money to France for investment purposes
Send money when moving to France
Make supplier payments to France
Import goods or services from France
Make other business investments in France
Send money to France today
Whether sending money to France is an everyday affair or a once-off deal, you can still save money with MTFX. Overall, you can expect:
Great efficiency – Fast turnaround and automated Euro transfers to various French beneficiaries.
Comprehensive assistance – You can get expert guidance from an account manager and access a wide range of foreign exchange tools such as the MTFX rate currency alert.
Secure platform – The MTFX online platform is highly secure and available 24/7 for your convenience.
Register with MTFX today for your secure online business account to start sending money to France.
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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.
Please read the following update before logging in to your MTFX online account
We have updated our online dealing system to provide you with better functionality, more unique tools and an overall enhanced client experience. MTFX Online 2.0 is now available for your dealing needs. You can begin using our enhanced online portal today.
Please note that the traditional portal will be available for use until MAY 30th 2021 at which point it will be decommissioned.