Visit Canada with your home currency on hand? No problem. We can convert 78 currencies to Canadian dollars in 4 of our locations. Our foreign exchange rates guaranteed better than other foreign exchange outlets in airports or tourist destinations. Why? We are the foreign exchange business established in the local communities and looking for repeat businesses, not a one-time deal. Our Toronto downtown PATH location at Richmond-Adelaide Centre is close to Sheraton Centre Toronto hotel, Hilton Toronto hotel, Shangri-La Hotel Toronto and Fairmont Royal York hotel. Winnipeg downtown location is surrounded by Fairmont hotel, Radisson hotel, Delta hotel, Fort Garry Hotel and Holiday Inn.
Studying in Canada is a long journey and take years to accomplish. A good foreign exchange broker can save you a lot of money during a few years of life in Canada. Our foreign exchange rates to purchase currency from you can up to 2% higher than local banks. Why? Banks have so many locations and their operating costs are much higher. Our Toronto downtown PATH location in Richmond-Adelaide Centre is close to the University of Toronto (UT). The North York Yonge Sheppard Centre branch is close to the University of York (UY). Winnipeg downtown Skywalk branch is close to the University of Winnipeg (UW) and the University of Manitoba (UM) is close by the St.Val Shopping Centre branch in Winnipeg. We can save you a single trip airfare to your home every year.
Foreign exchange rate goes up and down 24/7 and creates many opportunities to invest in Toronto, Winnipeg or North York. Do you take advantage of the weak Canadian dollar or strong US dollar to invest in Canada? Take additional advantage to conduct foreign exchange with Currency Mart instead of major banks.
Do you know in general Canadian banks make more profit by purchasing foreign currencies from customers than selling foreign currencies to customers? For example, banks make 5% profit by buying foreign currencies from customers, but only 3% profit to sell foreign currencies to customers. Currency Mart's foreign currency buy-in rate guaranteed better than your banks. On average, our profit margin is only 1%.
Are you travelling to overseas countries? No problem. Currency Mart has 51 foreign currencies in stock daily such as US Dollar, Euros, Japanese Yen and Great Britain Pound and can bring in additional 20 foreign currencies in 1-3 business days. More than sell foreign currency to you, we take care of your leftover money too. Bring foreign currency back to us in 30 days from the date of purchase, and we use the same rate on the receipt to take it back up to 30% of your total purchase.
When you have a bank account in the USA, we can wire transfer US dollar to your account in the US for only $35, no matter the wire amount, so no need to bring US dollar cash with you. Savings can be hundreds per year.
Mexican Peso, East Caribbean Dollar or Costa Rican colón? No problem. We have them all either in stock or 1-3 days notice. Are you thinking about conducting currency exchange either before departure or after your arrival? A hassle-free vacation start from having foreign cash on hand. In general, our currency exchange rates are better than overseas travel destinations or hotel front desk. The same idea as coke is cheaper in supermarkets than in convenient stores.
Bring US dollar cash for shopping in the US is a far better idea than credit cards. Most credit cards charge a 2.5% convenience fee, which is on top of the currency exchange rates. Besides, you have no idea what the rates credit card companies applied. Our US Dollar exchange rate is about 2% cheaper than major Canadian banks.
Shopping on Amazon US site or pay off your us dollar credit card? Taking a US Dollar cheque to pay off your credit card is a better idea than purchase US Dollar from your banks. Deposit our US currency cheque into your credit card account, up to 2% savings from the currency exchange rate.
Most Canadians think about to have a property in the USA, and we can help. By taking up to 2% off from Canadian dollar to US dollar exchange rate compared to major banks, we helped to keep your dream more , and savings can be thousands.
Frequently Asked Questions
A few reasons make our currency exchange rates better than banks'. Mainly, we deal with more customers than banks because banks can only deal with customers who have accounts with them. More clients make our operation more efficient and drive our average transaction cost down, so we can afford to offer rates better than banks. Additionally, our foreign exchange centre locations are for optimizing currency exchange business only, such as downtown cores or shopping centres. Oppositely, banks are everywhere, but some places are no currency exchange demands at all. Again, currency exchange oriented location makes our operation more efficient.
As a currency exchange dealer, the majority of our foreign currency banknotes are still from banks. Besides, all our foreign exchange centres have with state-of-the-art bill counters which recognize denominations and detect counterfeit bills.
The Canadian government agency, FINTRAC, issued the currency exchange business license to Currency Mart and renewed every two years. Our license No. is M11432814. Please verify our license by name from the FINTRAC website. FINTRAC Currency Mart has four foreign exchange centres are registered with FINTRAC, in Cargill building of Winnipeg downtown, in St. Vital Shopping Centre of Winnipeg, in Richmond-Adelaide Centre of Toronto downtown PATH and Yonge Sheppard Centre of North York.
Foreign currency coins are too heavy to ship around the globe. Currency shipping requires unique security measurement, so the shipping cost can easily over the value of coins. None of our foreign exchange centres in Winnipeg and Toronto deals with foreign coins. In fact, not only us, almost all currency exchange dealers are not deal with foreign currency coins.
Currency Mart does not have a limit for currency exchange, and customers can exchange any amount. However, there are a few limits customers may need to know. The debit card limit is from $500 to a few thousand a day, pending on your account. Cash withdraw from bank branches for both USD and CAD usually is $3000 per day without reservation.
The answer is Yes and No. Most currency exchange dealers need to convert one foreign currency to Canadian dollar first before they can exchange to another foreign currency. That means those currency exchange dealers make money twice. Currency Mart can do a better job, we can directly convert foreign currencies to US dollars or from USD to other foreign currencies, but for foreign currency other than USD, we still have to exchange to CAD first.