- Great for sending large amounts with no need to set up an account.
- Not so great if you don’t live close to a KnightsbridgeFX location or you want to send less than $2,000.
Why should I consider KnightsbridgeFX for my money transfer?
- Free wire transfers. You can send free wire transfers to Canada, the US or Europe on the condition that you exchange currency with KnightsbridgeFX in advance.
- No maximum amounts. You can send as much money as you want with no maximum limits.
- No need for an account. You won’t have to sign up for an account with KnightsbridgeFX to send a wire transfer.
What to be aware of
- Free transfers require currency exchange. You’ll need to exchange currency with KnightsbridgeFX to qualify for a free wire transfer.
- High transfer amounts. You have to send at least $2,000 to get started with a KnightsbridgeFX money transfer.
- Limited recipient countries. You can only send money to Canada, the US and Europe.
- No online service. There is no online or mobile app so you have to visit a store in-person to send money.
How can I send money with KnightsbridgeFX?
You can send free KnightsbridgeFX wire transfers to Canada, Europe and the US by visiting a store in person to send your transfers. The main downside to this is that you have to exchange currency with KnightsbridgeFX in order to qualify.
KnightsbridgeFX also doesn’t have an online or mobile app to send money transfers, so you may not be able to use this service unless you live close to an agent location.
Where is KnightsbridgeFX located in Canada?
KnightsbridgeFX has physical locations in the following Canadian cities:
- Toronto, ON
- Ottawa, ON
- London, ON
- Windsor, ON
- Kitchener, ON
- Hamilton, ON
- Winnipeg, MB
- Halifax, NS
- Montreal, QC
- Calgary, AB
- Edmonton, AB
- Vancouver, BC
- Saskatoon, SK
KnightsbridgeFX exchange rates and fees
If you send money with KnightsbridgeFX, you may be able to save around 1.5% to 2% on your total transfer amount when compared with the major banks. This is because KnightsbridgeFX seems to offer rates that run below average market rates.
This means that its rates will likely be on-par with other specialist money transfer services such as Wise or WorldRemit.
How long will my KnightsbridgeFX money transfer take?
Your KnightsbridgeFX money transfer should take between 1 and 5 days to process, depending on the type of transfer you’re sending.
Wire transfers and bill payments usually take 1-2 business days, international transfers usually take 3-4 business days, and account-to-account transfers typically settle in 4-5 business days.
Tips for avoiding transfer delays:
- Send money at set times. Aim to send funds during bank hours – such as in the morning or on weekdays.
- Send smaller transfers. Try to break your large transfer up into several smaller transfers to speed up processing times.
- Send popular currencies. Send mainstream currencies over exotic currencies wherever possible to speed up your transfer time.
Transfers typically take
1-5 business days
What payment methods does KnightsbridgeFX accept?
You can only pay for your money transfer with a bank transfer. Unfortunately, other payment methods aren’t accepted – including credit, debit, cash, cheque and bank draft.
How much money can I send?
You have to send a minimum of $2,000 to get started with a KnightsbridgeFX money transfer. There’s no maximum amount of cash you can transfer.
Available currencies
KnightsbridgeFX only wires money to certain countries so you’ll be limited to the following currencies:
- USD US Dollar
- GBP British pound
- EUR Euro
- AUD Australian Dollars
- NZD New Zealand Dollars
Is KnightsbridgeFX safe to use?
As a growing Canadian company, KnightsbridgeFX has gained a solid reputation. It has a score of A+ with the Better Business Bureau and all transactions that it makes have a confirmation number and can be traced electronically.
- Security and regulation. Bonded and insured, segregated account, electronic tracking
- Established. 2009
- Number of customers. 2 billion
*According to KnightsbridgeFX on 07 April 2021
Where is KnightsbridgeFX regulated?
| Country | Regulated by |
|---|---|
| Canada | Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) |
How to send your first KnightsbridgeFX money transfer
You’ll need to go into an agent location to send a KnightsbridgeFX money transfer. You may be required to provide your recipient’s bank details and give KnightsbridgeFX access to the money you want to send on the spot.
Any transfer you make will typically be free as long as you exchange money with KnightsbridgeFX first.
Does KnightsbridgeFX have a mobile app?
KnightsbridgeFX doesn’t have a mobile app so you’ll have to go into a store location to send a wire transfer. This can make the service much less accessible than many other money transfer services on the market.
Best international money transfer apps
How does KnightsbridgeFX compare to other money transfer services?
Our table below lets you compare services you can use to send money abroad. Compare fees, exchange rates and discounts from different money transfer services, and when you have made your choice, click Go to site.
1 - 10 of 10
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Bottom line
KnightsbridgeFX offers in-person wire transfers to Canada, the US and Europe. You’ll need to visit a store location to send a transfer and you will only get your transfer for free if you exchange currency with KnightsbridgeFX first. Find out more about how KnightsbridgeFX works and compare other money transfer services to make sure you get the best deal.
Frequently asked questions
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