MTFX Facilitates Substantial Savings On Overseas Real Estate Transactions
ONTARIO, CANADA, Aug. 24, 2022 /PRNewswire/ --
MTFX, a leading foreign exchange provider with global headquarters in Canada, is pleased to announce its cost-effective service that helps Canadians buying or investing in overseas real estate save thousands of dollars on overseas property purchases. The currency specialist brings new meaning to the term “bank-beating rates,” with rates that are 3-5% lower than banks.
This means buyers will maximize the amount they invest when sending money abroad to pay for properties. MTFX further defines the concept of value-added service with low transfer fees, expert guidance, fast turnaround times, risk management tools and a 24/7, easily accessible online platform.
Although many people used to turn to their banks for international transfers, they can now get considerably better value for money by relying on currency specialists. Banks are notorious for offering less than competitive exchange rates with expensive transfer or service fees on top. This shows there has always been a need for international payments specialists that focus solely on the FX marketplace and offer a more competitive service.
MTFX has stepped up to the plate, which is good news for foreign property buyers, especially since one of the common reasons people send money abroad is to purchase property and pay off mortgages.
“We offer fantastic savings through competitive exchange rates and lower conversion costs,” said Vice President Niki Ho. “We purchase currencies on the open market, our exchange rate is based on the interbank market rate, and we deal with large volumes of currency exchanges. All this allows us to pass the savings to our clients, who get a better deal than what they would receive from the bank. Remember, real estate transactions involve large sums of money. So, when you factor in our rates, which are 3-5% lower than banks, our clients stand to save thousands of dollars when paying for properties abroad. That’s nothing to sneeze at.” To make real estate transactions more cost-effective than ever, MTFX’s service includes:
Online currency platform with great rates and low transfer fees
Multi-currency accounts that eliminate the cost of opening and managing foreign bank accounts
MTFX is dedicated to understanding how markets work and providing a 24/7 online platform where people can send money abroad efficiently and cost-effectively. As a leading foreign exchange and global payment solution provider, MTFX leverages superior technology and solid experience to add more value to anyone interested in international investments. The service has grown by leaps and bounds since 1996 and remained steadfast to its mission of offering fast, convenient and secure international money transfers at transparent and competitive exchange rates. You can find more information about MTFX at https://www.mtfxgroup.com/.
Niki Ho (905) 305-4144 firstname.lastname@example.org SOURCE MTFX
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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.