Invisible price war produces tangible savings for customers in Canada’s international money transfer market.MARKHAM, ON, CANADA, March 27, 2023 — <a target="_blank" href="https://www.mtfxgroup.com/">MTFX</a>, a foreign exchange specialist, is waging war on expensive international bank transfer fees. MTFX has emerged as a powerful contender in the battle of the cheapest way to <a target="_blank" href="https://www.mtfxgroup.com/transfer-money/">send money abroad</a> from Canada. The service provider focuses solely on international payments via a purely digital platform and uses economies of scale to operate on thin margins. This point of differentiation enables MTFX’s customers to enjoy low transfer fees and <a target="_blank" href="https://www.mtfxgroup.com/">competitive exchange rates</a> that are typically 3-5% lower than the banks.“We live in an increasingly global world, and now more than ever, individuals and businesses are looking for a cheaper way to send money abroad,” said Sabrina Savji, VP of MTFX. “It used to be that banks were the only main players in the market. So, they took liberties to charge the highest prices. Banks are still the most expensive remittance providers, but at least our customers can now bypass the exchange rate markups and hidden charges.”Michael S. Watt, FX specialist of MTFX, commented, “We differentiate ourselves from banks through low, transparent fees and <a target="_blank" href="https://www.mtfxgroup.com/tools/live-exchange-rates/">mid-market exchange rates</a>, which are very attractive to our customers. MTFX is not only competing on price with banks, but we are also competing on value. It’s a good feeling to win on both counts.”Comparison savings based on a single transfer of CAD $30,000 to USD indicate that customers can save hundreds of dollars more by using MTFX vs. the Bank. These <a target="_blank" href="https://www.mtfxgroup.com/">bank-beating rates</a> are accompanied by transparent pricing and reliable services to gain customer trust. In addition, MTFX’s use of proprietary technology makes it easier to lower costs and caters to a growing pool of savvy Canadians who favour electronic remittances. By taking this approach, MTFX is able to align its objectives with the Government of Canada, which has expressed its commitment to lower the costs associated with overseas money transfers and allow safer, more efficient, and more reliable money transfers from Canada.“We want to keep strengthening the trend towards fairer and transparent foreign exchange costs,” continued Sabrina Savji. “I believe that this sort of healthy competition leads to a more positive experience for customers navigating the international money transfer market. We are proud of our reputation as an online money transfer disruptor.”<h3>About MTFX Inc.</h3>MTFX is a specialist provider of foreign exchange services and global payments solutions with over 25 years of expertise in the <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">international money transfer</a> market. As a currency specialist, MTFX has reinforced its foothold in an evolving market with attractive FX costs and value-added services. These features are sorely lacking in many diversified remittance providers like banks. MTFX has its global headquarters in Ontario, Canada, and offers innovative tools, such as <a target="_blank" href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">forward contracts</a> to further lower costs for customers. Learn more about MTFX at <a target="_blank" href="https://www.mtfxgroup.com/">mtfxgroup.com</a>.Media contacts:&nbsp;Niki Ho (905) 305-4144<h4>Connect with MTFX On Social Media</h4><ul><li><a target="_blank" href="https://www.facebook.com/MTFXLIVE/">Facebook</a></li><li><a target="_blank" href="https://twitter.com/MTFXLIVE">Twitter</a></li><li><a target="_blank" href="https://ca.linkedin.com/company/mtfx-inc">LinkedIn</a></li></ul>

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Money Transfer Operator, MTFX, Wins Price War With Banks and Lowers Customers’ Costs

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MTFX’s rates are fair and transparent, which can save you thousands on your currency transfers. The rate you receive is based on the interbank market rate and, because we transact large volumes, we pass on the savings to our clients. Compare our rates to those of your bank and see what the difference really is. you will be surprised at how much you can save.

Why are MTFX’s rates so competitive?

We maintain a low, standard transfer fee of $15 for transactions less than $10,000. Any transactions over $10,000 will have no fees. Compare this fee with that of your bank, which will typically charge you $40-50 in transfer fees.

What does MTFX charge to send money transfers?

Dealing with MTFX is easy. Simply register with us online for instantaneous access to our online dealing platform. After you complete your registration, an MTFX currency specialist will call you to discuss your transfer and make sure the platform is set up and customized to meet your needs. For more information about our online platform, <a href="https://www.mtfxgroup.com/transfer-money/?_ga=2.192877219.829883386.1726729097-1644942358.1714661560">click here</a><a href="https://beta.mtfxgroup.com/transfer-money/">.</a> You can book your exchange rates with us 24/7, manage your beneficiaries, and send funds seamlessly from any device. We have made it that simple!

What is the process of working with MTFX?

Yes, MTFX supports both personal and business transfers, providing tailored solutions for a variety of transfer needs.

What things to consider when buying overseas property?

Yes, creating an MTFX account is quick and easy, giving you access to secure, efficient transfer options and additional services.

What countries does MTFX support for property purchase transfers?

What documents do I need to transfer money for buying property?

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