Skip the bank on international money transfers

Global payment solution

Global payment solution

MTFX helps Canadians reap the rewards of leaving the bank by reducing the cost of international money transfers.

— MTFX Group Inc.

MARKHAM, ONTARIO, CANADA, Sept. 29, 2022 / — ONTARIO, CANADA, Sept. 29, 2022 /PRNewswire/ —

MTFX, the international payments service offered to Canadian individuals and businesses, today announced its continued commitment to beating the banks on exchange rates and transfer fees. That’s good news in a consumer world where savings are increasingly essential and value-for-money offers reign supreme. MTFX’s online platform is accessible 24/7, making it even easier for Canadians to avoid the bank when sending money overseas.

Research data shows that Canadian senders send billions of dollars every year. As expected, some of this money is lost due to currency conversions. Common reasons for sending money overseas include buying property overseas, mortgage payments for property overseas, sending money to family and friends and payment for overseas travel, a destination wedding, or tuition. Whatever the reason for sending money abroad, it’s essential for savings-minded Canadians to avoid the banks and consider better ways to transfer funds abroad and reduce conversion costs.

“There are many reasons why Canadians can save more by using MTFX instead of their own bank,” said Sabrina Savji, Vice President of MTFX Corporate Foreign Exchange. “We offer exchange rates that are 3 to 5% higher than those of Canadian banks. As a dedicated currency specialist, we focus on the market and have more leeway to pass savings on to clients. Additionally, we offer risk management solutions such as forward contracts, market orders, rate alert services and more to ensure the best value for money. Our customers typically save hundreds of dollars per transfer, although the savings can easily run into the thousands for larger transfers.

As if the promise of more savings wasn’t enough, MTFX’s service has various features that make it an irresistible offer. The MTFX online platform is available around the clock and can be easily accessed from any device in the world. It is powered by state-of-the-art automated technologies to enable users to complete transfers with just a few clicks and the press of a button. MTFX further sweetens the pot with personalized assistance from dedicated currency specialists and access to a live exchange rate calculator, currency charts and other useful forex tools. MTFX provides services to individuals and businesses.

Canadians who need to send money in foreign currencies abroad are encouraged to explore this cost-effective international transfer method here:

About MTFX

MTFX is a leading provider of foreign exchange solutions and global payment solutions. The Currency Specialist service is proud to be in business since 1996, accumulating a large client base including individuals, SMEs, multinational corporations, educational institutions, and more. MTFX leverages its impressive global network of financial institutions and numerous value-added outlets to ensure clients have a competitive edge when navigating today’s global marketplace. MTFX has offices in Ontario, Canada, and New Jersey, USA. For more information, visit or contact [email protected]

Sabrina Savji
MTFX Group Inc.
+1 905-305-4134
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