Posted October 27, 2025
For Canadians seeking proximity, Mexico is one of the most convenient countries to retire. Its affordability, ...
Hi everyone,
I’ll be sending money overseas for the first time soon and want to avoid beginner mistakes.
What are the most important things to check before making a transfer?
Fees, speed, exchange rate margins, anything else?
Appreciate any guidance from experienced members.
A few months ago, I was working with a Canadian investor buying a multifamily property in Florida. The purchase price was just over $1.2M USD. Like most, they planned to send the funds directly through their Canadian bank.
Here’s the problem — banks often add a hidden margin to the exchange rate, on top of transfer fees. In this case, the margin was around 2.5%. That’s over $30,000 CAD in hidden costs for this single transaction.
Instead, we explored using a specialized foreign exchange service that offered:
The result? The investor saved $18,000 CAD - money that went straight back into renovations.
This isn’t just about real estate. If you’re paying tuition abroad, sending funds to family, or managing cross-border business transactions, the difference in rates can be huge.
If you want to see exactly how much you could save, I’ve put together a free rate comparison tool that works in real time - you can check it in 30 seconds here: MTFX Rate Comparison
Out of curiosity - how many of you factor currency exchange into your deal analysis?