MoneyWay Services

Bank Notes

We buy and sell over 100 different currencies in cash. Don't wait for the bank to order your foreign currencies before your trip abroad.
Come to us for same day pick up or 1 to 3 business days. We accept cash and debit as payment methods for cash transactions. Our rates are updated regularly on our website according to market fluctuations.

For large amount transactions (more than 3,000 CAD) in major currencies, we offer non-cash exchange services with progressively better rates, depending on the amount exchanged. Our non-cash exchange services include wire transfers, PAD, bank drafts and cheques. For a live-market quote, give us a call now at 604-923-8000.

 

International Wire Transfers in Multiple Currencies

The easiest, fastest, and most trusted way to transfer money globally. We offer wire transfer services in most major currencies. Average processing time is only around 1 to 3 business days. For currency exchange between USD and CAD only, please check PAD & EFT service.

MoneyWay Outgoing wire transfer fee is $25
MoneyWay Incoming wire transfer fee is $15

List of wire transfer currencies:
USD (US Dollar)
EUR (European Euro)
GBP (British Pound)
AUD (Australian Dollar)
JPY (Japanese Yen)
CHF (Swiss Francs)
RUB (Russian Ruble)
SEK (Swedish Krona)
CZK (Czech Koruna)
PLN (Polish Zloty)

 

PAD and EFT

Only applicable to Canadian bank accounts in USD or CAD

PAD and EFT are fast and convenient ways for us to receive and settle payments with you without the need of wire transfers and bank drafts. You can save money through PAD and EFT transactions by skipping wire transfer or bank draft fees. It also gives you the freedoms to trade anywhere in the world with one simple phone call.

For example, if you are looking to transfer some British Pound to your bank account in England while on vacation, we can PAD your Canadian account for the amount you would like to transfer and exchange it into British pound and wire transfer it to Europe, all within 3 business days.

 

Bank Draft & Cheque (USD & CAD only)

For large amount transactions, we offer USD and CAD bank drafts and cheques at progressively better exchange rates, depending on the amount exchanged. For a live-market quote, give us a call now at 604-923-8000.

Please note that all Drafts & Money orders should be payable to MoneyWay.

 

Gold and Silver

We buy and sell all major bars and coins in silver and gold with the most up-to-date market prices. Our Maple Leaf gold & silver coins can also come with display cases that are perfect for wedding gifts and other important commemorative events.

 

Forward Contracts

A fixed forward contract gives you the ability to lock in an exchange rate for a specified amount on a specific date in the future. An open forward contract allows you to drawdown at any time for any amount between two set dates up to 90 days apart. This provides more flexibility, however the exchange rate may be slightly unfavorable compared to the fixed rate forward.

 

Target Rates

You can set up target rates with us for buying or selling a foreign currency. We will monitor the market for you and as soon as the target rate is reached, you will be notified for settlement.

Target rates give our clients the ability to place an order to take advantage of market swings without having to watch the market themselves continuously. If the market appreciates, a preset amount can be sold/bought to capture the gain. If it depreciates, a preset amount can be sold/bought to reduce losses. Also, it can be used in combination to mitigate losses and taking profit on the same position.

Questions?
Contact us

Retail Hours: (PST)
Monday - Friday: 9am - 6pm
Sat 10am - 5pm
By Phone:
Monday - Friday: 8am - 6pm
Sat 10am - 5pm

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