{"id":734579,"date":"2018-05-03T20:46:08","date_gmt":"2018-05-04T00:46:08","guid":{"rendered":"https:\/\/www.finder.com\/ca\/?page_id=734579"},"modified":"2025-02-05T16:09:17","modified_gmt":"2025-02-05T21:09:17","slug":"mtfx","status":"publish","type":"post","link":"https:\/\/www.finder.com\/ca\/international-money-transfers\/mtfx","title":{"rendered":"Save up to 5% when you transfer money with MTFX"},"content":{"rendered":"

MTFX operates in both Canada and the United States, and runs its Canadian headquarters out of Markham, Ontario (where it was founded in 1996). With an annual turnover of over $6 billion, MTFX offers competitive exchange rates and low transfer fees on a secure online platform. Since 1996, MTFX has become a leader in online foreign exchange services \u2013 managing over 100,000 transfers per year and offering both personal and business clients the best possible services and solutions. Canadians trust MTFX to transfer funds to over 100+ countries around the world.<\/p>

How much does it cost to transfer money with MTFX ?<\/h3>

MTFX offers currency exchange rates<\/a> that are 2-5% better than those offered by banks. Exchange rates fluctuate based on the mid-market rate (the rate that banks use to trade currency). The following comparison chart demonstrates how MTFX stacks up against another mid-size reputable money transfer provider.<\/p>
CAD$1 in<\/th>MTFX<\/th>Wise<\/th><\/tr><\/thead>
AUD<\/td>1.0218<\/td>1.0212<\/td><\/tr>
HKD<\/td>6.2275<\/td>6.2274<\/td><\/tr>
INR<\/td>51.768<\/td>51.767<\/td><\/tr>
JPY<\/td>85.148<\/td>85.157<\/td><\/tr>
PHP<\/td>41.217<\/td>41.224<\/td><\/tr>
SGD<\/td>1.0409<\/td>1.0409<\/td><\/tr>
THB<\/td>24.715<\/td>24.727<\/td><\/tr><\/tbody><\/table>

Rates as of 14<\/em> April 2018<\/em><\/p>

MTFX offers a transfer fee of $15 for transactions less than $10,000, with fee-free transfers for any amount over $10,000.<\/p>

How do I send money through MTFX ?<\/h3>

Sending money with MTFX<\/a> is a quick and easy process which takes only a few minutes from start to finish, with no obligation. Once you sign up, you\u2019ll be assigned a currency specialist to help you with every aspect of your transaction. Follow this user-friendly process to send funds overseas:<\/p>

  1. Register for a free account.<\/strong> Input personal details into a simple online form and provide copies of identification for verification purposes.<\/li>
  2. Enter recipient and payout info. <\/strong>Enter recipient details, including name, address, account number and SWIFT code.<\/li>
  3. Fund your money transfer. <\/strong>Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT) or using Automated Clearing House (ACH) payment services for US-based funds.<\/li><\/ol>

    What types of transfers can you carry out with MTFX?<\/h3>

    MTFX offers several options for sending money overseas. Send an international money transfer<\/a> immediately, or save money by booking your desired exchange rate for future transactions.<\/p>