Dunbridge Financial, a Toronto-based company, offers services like foreign exchange, international money transfers and mass payments to both businesses and individuals through their digital platform. They aim to make sending money overseas simple, low-cost and secure.
Pros and cons of Dunbridge Financial
Pros
No or low personal fees. You’ll pay no fees to send personal amounts over $3,000 and only $10 per transfer for amounts lower than $3,000.
Complimentary business transfers. Any transfer you make for your business will be free, no matter how much you send.
Free cancellations. You can cancel your transfer for up to 24 hours without incurring a cancellation fee.
Multiple currencies. You’ll be able to transfer money into over 20 different currencies with the click of your mouse.
Cons
Margin on exchange rates. Dunbridge Financial adds a margin to your exchange rate to pay for the cost of its services.
Long processing times. It takes between 1 and 3 days for Dunbridge Financial money transfers to process and there is no cash pick-up option.
Photo ID required. You’ll need to upload your photo ID and a utility bill to sign up for an account and use the site.
No mobile app. There doesn’t seem to be a mobile app, though you can use the desktop interface to execute transfers using your mobile device.
Not available in all countries. Dunbridge Financial is only available in certain jurisdictions.
Dunbridge Financial fees and exchange rates
Dunbridge Financial charges the following fees for its personal and business accounts:
Type of account
Fees
Personal account
Below $3,000: $10 per transfer
Above $3,000: Free
Business account
All transfers are free
Dunbridge Financial doesn’t advertise the margin it charges on its currency conversion. Just be aware that this number usually sits between 2% and 5% of your transaction amount, so be sure to factor this into your overall budget before you send money overseas.
What countries does Dunbridge Financial cover?
If you are interested in using Dubridge Financial’s money transfer service, an important thing to note is that it is not available in all countries and regions. Here’s a list of the jurisdictions it does cover:
Aland Islands
Austria
Australia
Belgium
Bulgaria
Canada
Cayman Islands
China
Croatia
Cyprus
Czech Republic
Denmark
Estonia
Finland
France
French Guiana
Germany
Gibraltar
Greece
Guadeloupe
Guernsey
Hong Kong
Hungary
Iceland
India
Ireland
Isle of Man
Israel
Italy
Japan
Jersey
Latvia
Liechtenstein
Lithuania
Luxembourg
Malta
Martinique
Mayotte
Monaco
Netherlands
New Zealand
Norway
Poland
Portugal
Reunion
Romania
Saint Martin (French part)
Singapore
Slovakia
Slovenia
South Africa
South Korea
Spain
Sweden
Switzerland
Taiwan
United Kingdom
United States
Dunbridge Financial transfers: Step by step
You can send money from your bank account with Dunbridge Financial. You simply load money into your “wallet” and then transfer it into whichever currency you want to send. From there, you can initiate the transfer in a couple of clicks once you’ve added your beneficiary.
Upload money from your bank account to your Dunbridge Financial “wallet”.
Click on “convert” to transfer your funds from CAD into the currency that you want to send.
Add a beneficiary and supply contact details and banking information.
Click “Pay” to select your beneficiary and initiate a transfer for whatever amount you want to transfer.
What do I need to send money online through Dunbridge Financial?
You’ll need the following to send a Dunbridge Financial money transfer:
Dunbridge Financial personal or business account
Recipient’s name and address
Recipient’s bank name, location, account number and transit number
Recipient’s international bank account number (IBAN), BIC or SWIFT code
How to track a Dunbridge Financial money transfer
You can search for the transfer you want to track under the “search” function in your account. You can also click over to the transactions tab (under “search”) to access a list of recently completed transfers without needing to search by reference number.
How long does a Dunbridge Financial money transfer take?
Dunbridge Financial money transfers take between 1 and 3 business days to process. Mainstream currencies usually process much faster than exotic currencies.
Transfer money at set times. Send money early in the day and early in the week to avoid transfer delays.
Send smaller amounts. Send multiple small transactions to keep your transfer from being flagged by authorities.
Transfer between popular currencies. Send mainstream currencies instead of exotic currencies wherever possible to speed up your transfer time.
How does Dunbridge Financial compare to other services?
Our table lets you compare the services you can use to send money abroad. Compare services on transfer speeds and fees, then click Go to site when you're ready to send.
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
You can access the following popular currencies plus many more with Dunbridge Financial money transfers:
Mainstream currencies
USD US dollar
GBP British pound
EUR Euro
MXN Mexican peso
JPY Japanese yen
PHP Philippine peso
KRW South Korean won
INR Indian rupee
HKD Hong Kong dollar
SGD Singapore dollar
ZAR South African rand
LBP Lebanese pound
PKR Pakistani rupee
THB Thai baht
Exotic currencies
BYN Belarusian ruble
BGN Bulgarian lev
CZK Czech koruna
EGP Egyptian pound
GHS Ghanaian cedi
GTQ Guatemalan quetzal
HUF Hungarian forint
MWK Malawian kwacha
MDL Moldovan leu
MYR Malaysian ringgit
NPR Nepalese rupee
MAD Moroccan dirham
RON Romanian leu
XOF West African CFA franc
RSD Serbian dinar
LKR Sri Lankan rupee
TJS Tajikistani somoni
TZS Tanzanian shilling
TRY Turkish lira
UGX Ugandan shilling
UAH Ukrainian hryvnia
UZS Uzbekistani som
VND Vietnamese dong
Is Dunbridge Financial safe?
Dunbridge Financial offers industry-leading security measures to protect your transfers and the safety of your account. This includes password protection and identity verification when you create your account, and encryption for all of your personal information and transactions.
Security and regulation. Government-regulated and compliant with industry-standard security measures.
Established. 2020.
Where is Dunbridge Financial regulated?
Dunbridge Financial is regulated by the Financial Transactions and Reports Analysis Centre (FINTRAC).
How to sign up for a Dunbridge Financial account
You can follow these steps to sign up for a Dunbridge Financial account:
Visit the Dunbridge Financial main website.
Click the blue “Register” button in the top right-hand corner.
Select a corporate or individual account.
Enter personal information such as your name, address, email and phone number.
Upload required documents:
Personal accounts. Proof of ID and address (using passport or driver’s license and a utility bill or bank statement).
Business accounts. Incorporation documents and information about business structure and management.
Click “Submit” to register your account.
Is there a Dunbridge Financial app?
There doesn’t seem to be a Dunbridge Financial mobile app. However, you can log in to the desktop interface on your mobile device to execute transactions.
Dunbridge Financial lets you send personal and business money transfers quickly and easily. You can schedule multiple transfers for current or future dates, and you can choose from dozens of currencies. You’ll also pay reasonable currency exchange rates and no fees for most types of transfers.
Frequently asked questions
Unfortunately, no. The only way you can send money is by transferring it to your recipient’s bank account.
You won’t be able to send Dunbridge Financial money transfers in every currency, but you can choose from dozens of available currencies.
Dunbridge Financial money transfers typically take between 1 and 3 business days to process. Unfortunately, there is no option for same-day money transfers with Dunbridge Financial.
There’s no information about the daily limit you’re allowed to send on the Dunbridge Financial website. However, it definitely exceeds $3,000 since this is the point where you no longer need to pay a fee to send personal transfers.
You can cancel your transaction by calling Dunbridge Financial within 24 hours of booking. You won’t need to pay any fees unless you don’t cancel your transfer within the allotted time frame.
Claire Horwood is a writer at Finder, specializing in credit cards, loans and other financial products. She has a Bachelor of Arts in Gender Studies from the University of Victoria, and an Associate’s Degree in Science from Camosun College. Much of Claire’s coursework has focused on writing and statistics, with a healthy dose of social and cultural analysis mixed in for good measure. In her spare time, Claire enjoys rock climbing, travelling and drinking inordinate amounts of coffee.
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