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★★★★★
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“Excellent and simple service”

written by cwlh on 16/01/2014

Over the years I have tried various mechanisms for what appeared initially to be the simple task of transferring money from my UK to my Canadian bank account. This has resulted in frozen bank accounts, extremely high fees and enormous delays (up to 8 weeks!).

Less than a week ago I found CanadianForex and the timeline has been:

1. Sunday morning: created an account with CanadianForex.

2. Sunday lunchtime telephoned by a chap from CanadianForex presumably to make sure that I wasn't laundering drug money.

3. Sunday evening: uploaded a scan of the top of a bank statement to the CanadianForex site to demonstrate that I have a Canadian Bank Account.

4. Monday lunchtime: Requested money to be transferred from pounds to Canadian Dollars.

5. Monday evening: Made transfer by telephone from UK bank to CanadianForex's UK bank account (no charge at either end).

6. Thursday morning: Money appears in Canadian bank account (no charge at either end).

I am extremely impressed. I got a good exchange rate, efficient service, quick delivery of the money and no fees.

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