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Money Saving Tips

Should I Buy Foreign Cash Online?

By November 16, 2019November 19th, 2019No Comments
Order and buy foreign currency online
Yes, but… A recent innovation which ties new technology with good ol’ foreign exchange is the ability for consumers to order foreign cash online for home delivery across Canada.  Even more recently, the banks have started offering the same service.  There are several considerations to take into account when ordering foreign currency online. Price, Price and Price (actually, more like exchange rate, exchange rate and exchange rate) The best thing about the internet era might be that consumers can compare exchange rates and have more choices.  For example, you might be a CIBC client and be looking to use their Order Foreign Currency Online service.  Whereas previously you would have been limited to whatever price CIBC offered you, innovative foreign exchange companies like Interchange Financial can do the same for you at better exchange rate.  But don’t take our word for it.  Compare prices before ordering foreign cash online. Reputation and Regulation When ordering foreign cash online make sure you are dealing with a reputable company.  Here are some signs:
  • Reputable foreign exchange companies will have multiple physical locations. If they claim to be in a building with no access or just “online” then avoid.
  • Reputable foreign exchange companies will generally have been in business for a long time. If they are new, you have to ask more questions.
  • Reputable foreign exchange companies will allow you order online or pick up in person. If it is just one or the other, watch out!
Timing Remember, that delivery is available across Canada but it takes time.  Usually 2 to 4 days.  So plan accordingly.  And ask questions.

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Account to Account Service at Interchange Currency Exchange

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If you have US dollar bank account in Canada and are looking to convert in your bank account at better rates than offered by your bank, then this service is for you.

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We have exchange rates that are much better than the banks and we charge no fees.

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If you are transferring money internationally or receiving money from overseas, we can help you save money as well because of our better exchange rates.