ICS Service (2024)

We are Canada’s largest independently owned foreign exchange business. Here are some other factoids about our background:

• Interchange Financial has been in business for over 20 years servicing Canadians coast to coast
• Interchange Financial processes billions of cross currency transactions every year.
• Interchange Financial uses the latest in encryption technology to ensure the safety and security of its clients and has never had a breach.
• Interchange Financial is a supplier of fx services to some of the largest financial services companies in Canada
• Interchange Financial has multiple physical locations you can visit.
• Interchange Financial is regulated and regularly reviewed by the Government of Canada through an entity called FINTRAC.
• The Interchange Financial Consensus Canadian Dollar Forecast and its daily updates on the Canadian dollar are the most visited sites on the topic on the internet.

We live next to the world’s largest economy and so it is no surprise that a majority of Canadians find themselves in the position of having to convert USD to CAD on a regular basis. What is the best way to do it? Here are some things to look out for:

• Get the best exchange rate. Exchange rates change over time so ask your bank what rate it offers at any given point of time and compare it at the same time to another service provider. Don’t get caught up in unnecessary complexities. At the end of the day it is about getting the most for your money. Ask “how much will I get in exchange for $XXXX dollars?”
• Look for a service provider that is transparent with their exchange rates. Avoid companies and websites that provide only “indicative rates” or “spot rates” or “inter-bank” rates on their websites. If they are not upfront about their exchange rates immediately, they are likely not trustworthy. Ask “is this the exchange rate that I would get if I were to book now”?

• Look for reputable service provider. Find an fx service provider that is regulated but also one that has physical locations you can visit and one that has been in business for a long time. If your service provider is hiding behind a website or is based outside of Canada or doesn’t have a long history of providing the service, you might want to think twice.
• Ask whether you can convert online and on the phone and in person. Exchange rates are moving all the time. You might be in Germany and it is 10 pm and you want to make a conversion. Can you do it? If the service provider does not allow you to book online as well as on the phone then you might want to look elsewhere.

If this is your first time using our USD to CAD service, you can use the calculator on our home page to see our live rates and see exactly how much you will receive. If you like our exchange rates, you can sign up for a free account with just a few clicks. Click on Get Started to start the process. You can also sign upcalling or visiting usto receive more information about our company or to sign up with one of our representatives.

Once you are signed up, you can log in and convert USD to CAD and save over bank exchange rates. You will know when you are booking exactly how much you will pay and how much you will receive in the other currency. You will also receive a confirmation email telling you exactly how much you are paying and how much you are receiving. There are no fees or commitments associated with signing up or booking. What you see is exactly how much you will receive. When confirmed the exchange is reflected in your own accounts three business days later. You can also begin the process bycalling us or visiting us at one ofour locations.

You can open an account witha few clicks onlineor bycalling us, emailing us, or visiting one of our locations.