ONTARIO, CANADA, Sep. 14, 2022 /PRNewswire/ --MTFX has created a thought-provoking visual illustration that will make Canadians think twice about using the bank when sending money abroad. This helpful illustration is designed to help people visualize potential savings when using MTFX instead of the bank. The ultimate goal of the comparison savings is to drive home the point that Canadians stand to gain more by using currency specialists like MTFX for international money transfers. While banks do have their place in the world of financial transactions, it appears they don’t offer the best value for money when it comes to currency exchange. The illustration provided by MTFX shows this as clear as day.<img class="image_resized" style="width:50.84%;" src="https://content.mtfxgroup.com/uploads/mtfx_vs_banks_84afc1ffb1.png" alt="Bar chart comparing the value received from transferring CAD 25,000 to USD via MTFX versus major Canadian banks.">“We want more and more Canadians to save when sending money abroad,” said Dasha Nakonechna, Vice President at MTFX. “Many people use the bank simply because it seems like the most convenient option. Yet, it’s costly with expensive transfer fees and less than competitive exchange rates. We tell our clients about all the money they could save with an MTFX account, and this sparks curiosity about how many extra dollars they get by skipping the bank.”As a leading <a target="_blank" href="https://www.mtfxgroup.com/">foreign exchange service in Canada</a>, Their unique selling point revolves around bank-beating rates and low transfer fees. With rates lower than banks by 3-5%, MTFX has crafted an irresistible offer for anyone interested in <a target="_blank" href="https://www.mtfxgroup.com/business/global-payment-solutions/international-payments/">sending money internationally</a>. According to the comparison savings, a single transfer of CAD 25,000 could translate to savings of hundreds of dollars.“We have provided this visual illustration so our clients can easily capture the difference between our exchange rate and the exchange rate offered by various Canadian banks,” Dasha Nakonechna said. “Whether you’re looking at popular banks like TD Bank, HSBC or RBC, there’s no dispute about MTFX being the most cost-effective international transfer method.”MTFX’s service offers other features to ensure better visibility and transparency for users. The<a target="_blank" href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/"> live rate currency calculator</a> lets you check and compare foreign exchange rates before initiating your transaction, while the 24/7 online platform enables you to track your transfer from anywhere. Canadians can also ask for a no-obligation quote to better compare exchange rates from MTFX to what's offered by banks. For more information visit <a target="_blank" href="https://www.mtfxgroup.com/">MTFX home page</a>.About MTFXMTFX is devoted to offering bank beating rates for Canadians that need cheaper alternatives when sending money internationally. This service was established in 1996 and currently has headquarters in Canada MTFX’s focus has always been to provide clients with fantastic value per transaction in terms of money savings, time savings and convenience. MTFX combines great technology, incredibly competitive exchange rates, low transfer fees and expert guidance to achieve this. To learn more about MTFX, please visit <a target="_blank" href="https://www.mtfxgroup.com/about/">our website</a>.Media contacts:&nbsp;&nbsp; &nbsp;Dasha Nakonechna&nbsp; 905 305 4132&nbsp; dasha.nakonechna@mtfxgroup.com&nbsp; VP Corporate Foreign Exchange

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MTFX Showcases Visual Illustration of How Canadians Can Save Using MTFX vs. Bank

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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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