MTFX Encourages Canadians to Skip the Bank and Save Big on International Money Transfer
MTFX helps Canadians reap the rewards of ditching the bank by cutting the cost of international money transfers.
ONTARIO, CANADA, Sept. 29, 2022 /PRNewswire/ --
MTFX, the international payments service available to Canadian individuals and businesses, today announced its continued commitment to beat the banks when it comes to exchange rates and transfer fees. This is welcome news in a consumer world where savings are increasingly essential and value-for-money deals reign supreme. MTFX's online platform is accessible 24/7, making it even easier for Canadians to skip the bank when sending money abroad.
Research data shows that Canadian remitters send billions of dollars each year. As is to be expected, some of this money is lost due to foreign exchange conversions. Common reasons for sending money across the border include buying overseas property, mortgage payments for property abroad, sending money to family and friends and paying for overseas travel, destination wedding or tuition fees. Whatever the reason for sending money internationally, it's critical for Canadians who are savings-minded to avoid banks and consider better ways to transfer funds abroad and reduce conversion costs.
"There are many reasons why Canadians can realize more savings using MTFX instead of their own bank," said Sabrina Savji, VP Corporate Foreign Exchange MTFX. "We offer currency exchange rates 3-5% better than what Canadian banks offer. As a dedicated currency specialist, we have a laser focus on the market and more room to pass on savings to clients. Additionally, we offer risk management solutions like forward contracts, market orders, rate alert services and more to ensure the best value for money. Our clients usually save hundreds of dollars per transfer, though the savings can easily run into the thousands for larger transfers."
As if the promise of more savings isn't enough, MTFX's service has various features that make for an irresistible offer. The MTFX online platform is available round the clock and is easily accessible from any device around the globe. It's powered by industry-leading automated technologies to enable users to complete transfers with a few clicks and the touch of a button. MTFX further sweetens the pot with personalized support from dedicated currency specialists and access to a live currency rate calculator, currency charts and other helpful foreign exchange tools. MTFX provides services to both individuals and businesses.
Canadians who need to send money in foreign currency abroad are invited to explore this cost-effective international transfer method here: https://www.mtfxgroup.com/register/.
MTFX is a leading foreign exchange and global payment solutions provider. The currency specialist service has proudly been in business since 1996, accumulating a broad client base, including individuals, SMEs, multinational corporations, educational institutions, and more. MTFX leverages its impressive global network of financial institutions and numerous value-added selling points to ensure clients have a competitive advantage when navigating today's global market. MTFX has offices in Ontario, Canada, and New Jersey, U.S. For more information, visit https://www.mtfxgroup.com/ or contact firstname.lastname@example.org.
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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.