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Discover global trends, inspiring customer stories, and how to make the most of your international money transfers.

Blog & Press Room

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How to Send Money to Mexico from Canada?

A picturesque view of coastal Ft. Lauderdale with waters dotted with yachts and residential and commercial buildings along the coastal region.

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A scenic view of a beach in Belize with deep blue ocean and clear skies.

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An aerial view of Azores beach in Portugal featuring lish green land and blue waters.

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A picturesque shot of Ocho Rios coastal area featuring boats, yachts, greenery, and clear blue waters.

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A drone view of coastal Dubrovnik region in Croatia showing residential buildnigs and clear blue waters.

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A calm aerial view of serene ocean with greenery-laden cliffs in Krabi, Thailand.

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A beachview of Manuel Antonio coast in Costa Rica featuring whiete sands, blue waters, and greenery in the background.

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An aerial shot of Zanzibar coast featuring deep blue calm ocean with yachts and residential buildings along the coast.

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A scenic view of a coastal region in Cote d'Azur in France with blue waters dotted with yachts and residential buildings on the coast with greenery in the backdrop.

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A beautiful view of Mallorca beach featuring dreamy blue waters and greenery laden cliffs with white sandy beach.

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A sunrise view of Tulum beach in Mexico showing calm waters and quanit residential area along the coast.

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Top Countries for Canadian Property Buyers Seeking Coastal Paradises

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An aerial view of a greenery-laden Hawaiian island with clear ocean waters in the front and blue skies and moutains in the background.

A side-angle view of a beach in Lanai, Hawaii featuring blue waters and skies with green trees in the background.

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A drone view of Maui, Hawaii showing deep blue ocean with residential buildings spotted across the island.

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A serene picturesque view of still ocean waters and llush green Hawaiian island called The Big Island.

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A scenic aerial view of Kauai with dreamy effect featuring clear blue waters and lush green island.

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Guide for Canadians Buying Property in Hawaii

A picturesque view of Playa del Carmen beach with clear blue waters, blue skies, and a few boats afloat.

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An aerial view of downtown Arizona during sunrise with residential buildings in the foreground and commercial highrises and mountains in the background.

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A scenic view of Hermosa with lush green fields and ocean in the backdrop.

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A frontview of downtown Tampa Day featuring high risers, clear blue skies and blue waters in the foreground.

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A picturesque scenery of Algarve beach with white sands and a mix of residential and commercial buildings.

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A drone view of Costa del Sol beach featuring clear waters, palm trees, and few residential buildings along the coast.

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9 Affordable Escape Destinations for Canadian Snowbirds

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/Is_Billing_Foreign_Customers_In_Their_Local_Currency_Better_ffd308c8dd_cc286c2edc.webp" alt="Safety hat wearing young male and female warehouse workers looking at the notepad with smiles on their faces."></figure><p><span style="color:hsl(0,0%,0%);"><strong>Canadian exporters can sharpen their competitive edge in the global marketplace by invoicing in foreign currencies.</strong>&nbsp;</span></p><p><span style="color:hsl(0, 0%, 0%);">In today’s global economy, customers expect businesses to cater to their needs, and this includes the option to conduct transactions in their local currency. Whether you’re dealing with clients at home or abroad, meeting these expectations is key to building strong, long-lasting relationships.</span></p><p><span style="color:hsl(0, 0%, 0%);">By invoicing in a foreign currency, you not only simplify the buying process for your international clients but also make your business more appealing to them. It removes the</span> <a target="_blank"  href="https://www.mtfxgroup.com/post/9-effective-foreign-exchange-strategies-for-canadian-small-businesses/">hassle of foreign exchange conversion</a>, <span style="color:hsl(0, 0%, 0%);">helps them avoid unfavourable exchange rates, and creates a smoother overall experience. Offering this level of convenience can set your business apart from competitors and foster stronger connections with global customers, leading to greater loyalty and future business opportunities.</span></p><h2><span style="color:hsl(0,0%,0%);">Three reasons to invoice foreign customers in their currency</span></h2><p><span style="color:hsl(0,0%,0%);">Here are the top reasons and benefits of quoting your international customers in their local currency.</span></p><h3><span style="color:hsl(0,0%,0%);">Create a positive impact on sales</span></h3><p><span style="color:hsl(0,0%,0%);">When working with international clients, determining which currency they prefer is essential. Generally, people prefer transactions in a familiar currency, usually their home currency. Hence, if you have always billed in the currency you wish to receive without regard for clients, it may be time to rethink this practice.</span></p><p><span style="color:hsl(0,0%,0%);">Invoicing in the local foreign currency of your clients puts their needs first. It's crucial to growing sustainable customer relationships and opening up revenue opportunities. Your international customers are more likely to understand your offers' value, making ordering easy. Also, invoicing customers using terms they know ensures they make a more informed decision. It's all part of improving the customer experience, positively impacting sales.</span></p><p>&nbsp;</p><figure class="image"><a target="_blank"  href="https://www.mtfxgroup.com/overseas-transfers/?source=ol&amp;from=CAD&amp;to=USD"><img src="https://content.mtfxgroup.com/uploads/52_b39aa2aa82_100cf13cc6_53241edbe2.png" alt="CTA Visual saying &quot;Bank-beating exchange rates&quot;"></a></figure><p>&nbsp;</p><h3><span style="color:hsl(0,0%,0%);">Become more competitive in foreign markets</span></h3><p><span style="color:hsl(0,0%,0%);">One of the keys to successful global expansion is providing flexible payment methods preferred by your customers. On the other hand, forcing your customers to accept the currency risk by invoicing in your currency can make your business less appealing. &nbsp;</span></p><p><span style="color:hsl(0,0%,0%);">Remember, most global customers are spoilt for choice. They'll turn to local suppliers or more considerate international businesses to eliminate the risk of currency conversions. Therefore, walking in your customers' shoes and meeting them halfway is imperative. Allowing international customers to pay in their local currency can significantly benefit your competitive edge. The key is to balance this with a comprehensive foreign exchange risk strategy.</span></p><h3><span style="color:hsl(0,0%,0%);">More control over business operations</span></h3><p><span style="color:hsl(0,0%,0%);">Not invoicing in local currency can confuse the actual cost of your products or services. Additionally, when you ask customers to absorb currency conversion costs, they expect you to lower your prices for the overall costs to remain reasonable. When your customers no longer have to deal with the foreign exchange risk, the negotiating advantage becomes yours. This is an excellent opportunity to improve your profit margins because you make life easier for your international customers.</span></p><p><span style="color:hsl(0,0%,0%);">You also have more control regarding the efficiency of your payments. For example, if you're importing and exporting goods from the same country, you can use the foreign receivables to pay suppliers. This eliminates the foreign exchange risk, which is a win-win.</span></p><h2><span style="color:hsl(0,0%,0%);">What about foreign exchange risk? - The solution</span></h2><p><span style="color:hsl(0,0%,0%);">While it's true that billing foreign customers in their local currency is better, it also leaves you vulnerable to exchange rate movements. By eliminating this concern for your customers, you have assumed the currency risk yourself and any associated costs. This seems like a surefire way to watch your profit margins plummet, but wait…</span></p><p><span style="color:hsl(0,0%,0%);">You can use </span><a target="_blank"  href="https://www.mtfxgroup.com/business/risk-management/forward-contracts/">currency risk management tools</a><span style="color:hsl(0,0%,0%);"> to hedge against the volatility of the FX market. For instance, when you're receiving foreign exchange payment through a currency specialist like MTFX, you can mitigate the risk in the following ways:&nbsp;</span></p><h3><span style="color:hsl(0,0%,0%);">Utilize forward contracts to secure favourable exchange rates</span></h3><p><span style="color:hsl(0,0%,0%);">Forward contracts can be invaluable when buying a specific currency for a future exchange. By locking in your desired exchange rate now, you can protect yourself from potential currency fluctuations before your scheduled payments. This approach provides peace of mind, ensuring your costs remain predictable, regardless of how the market shifts.</span></p><h3><span style="color:hsl(0,0%,0%);">Leverage market orders for targeted rate execution</span></h3><p><span style="color:hsl(0,0%,0%);">Market orders offer a strategic way to achieve your preferred exchange rate while managing your exposure to market risks. With this approach, you can set a target exchange rate, and the transaction will automatically be executed once the market hits that rate. This method helps you capitalize on favourable movements in the currency markets while setting parameters to minimize downside risk, ensuring you’re not exposed to unfavourable shifts.</span></p><h3><span style="color:hsl(0,0%,0%);">Open a multi-currency account for simplified foreign transactions</span></h3><p><span style="color:hsl(0,0%,0%);">Managing international transactions can be complicated, especially when dealing with multiple currencies. A multi-currency account streamlines this process by allowing you to receive and hold payments in various currencies without opening and managing multiple foreign bank accounts. This setup offers greater control over incoming funds, reducing currency conversion, transfer hassle, and administrative burden.</span></p><h3><span style="color:hsl(0,0%,0%);">Use a live currency rate calculator for accurate exchange rates</span></h3><p><span style="color:hsl(0,0%,0%);">Before making any currency transfers, knowing the current exchange rates is crucial. A </span><a target="_blank"  href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/">live currency rate calculator</a><span style="color:hsl(0,0%,0%);"> provides real-time exchange rate information, allowing you to check the rate before initiating a transfer. This ensures that you’re getting the most accurate and up-to-date rate possible, helping you make informed decisions and optimize the value of your transactions.</span></p><p>&nbsp;</p><figure class="image"><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Is-Billing-Foreign-Customers-In-Their-Local-Currency-Better?&amp;_ga=2.14724726.1991544682.1727680732-283943938.1693563263"><img src="https://content.mtfxgroup.com/uploads/Copy_of_Green_and_Blue_Thin_Geometric_Lines_Finance_Report_Finance_Presentation_34_b8c2a11a0c_5f852c097d.png" alt="CTA Visual showing a bespectacled young businessman in a format suit with a soft smile on his face."></a></figure><p>&nbsp;</p><h2><span style="color:hsl(0,0%,0%);">The easy way to accept international payments with MTFX</span></h2><p><span style="color:hsl(0,0%,0%);">Invoicing in foreign currencies is simple – If you use the right international payments specialist and leverage a </span><a target="_blank"  href="https://www.mtfxgroup.com/tools/currency-charts/?to=USD&amp;from=AUD"><span style="color:hsl(0,0%,0%);">currency chart</span></a><span style="color:hsl(0,0%,0%);"> effectively, you can streamline your process. With MTFX, you don't need multiple foreign-denominated accounts to start billing international customers in their local currency.</span></p><p><span style="color:hsl(0,0%,0%);">Instead, you only need five minutes to register your account, complete with a full suite of global payment solutions, including multi-currency capabilities. That means your business can offer customers the chance to pay in the currency they have.</span></p><p><span style="color:hsl(0,0%,0%);">With MTFX, you don't have to pay over the odds because our exchange rates are 3-5% more competitive than your bank, and our low transfer fees help you save on exchange rate margins.</span></p><p><span style="color:hsl(0,0%,0%);">Your MTFX business account also comes with access to risk management tools and dedicated currency specialists to maximize the value of your foreign receivables.</span></p><p><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Is-Billing-Foreign-Customers-In-Their-Local-Currency-Better?&amp;_ga=2.14724726.1991544682.1727680732-283943938.1693563263"><strong>Register your account</strong></a><span style="color:hsl(0,0%,0%);"> <strong>with MTFX today to enable your customers to pay in local currencies and to receive funds quickly.</strong></span></p><p>&nbsp;</p><hr><h2><span style="color:hsl(0,0%,0%);">FAQs</span></h2><h4><span style="color:hsl(0,0%,0%);">1. Is it better to bill international clients in their local or my home currency?</span></h4><p><span style="color:hsl(0,0%,0%);">Billing international clients in their local currency can lead to smoother transactions and a better customer experience. However, it depends on exchange rates, payment processing fees, and both parties' preferences.</span></p><h4><span style="color:hsl(0,0%,0%);">2. What are the benefits of invoicing foreign customers in their local currency?</span></h4><p><span style="color:hsl(0,0%,0%);">Invoicing foreign customers in their local currency can make it easier for them to understand the cost, avoid unexpected exchange rate fluctuations, and streamline the payment process, making them more likely to pay promptly.</span></p><h4><span style="color:hsl(0,0%,0%);">3. Are there any drawbacks to invoicing international clients in their local currency?</span></h4><p><span style="color:hsl(0,0%,0%);">The main drawback is that you might face currency conversion fees when receiving payments in a foreign currency. Additionally, fluctuating exchange rates could impact your revenue if the currency value changes unfavourably.</span></p><h4><span style="color:hsl(0,0%,0%);">4. How do I decide whether to invoice in my home or foreign currency?</span></h4><p><span style="color:hsl(0,0%,0%);">When deciding how to bill international clients, consider your foreign customers' preferences, the foreign currency's stability, and any associated fees. Discussing options with your clients is often a good idea to see what works best for both sides.</span></p><h4><span style="color:hsl(0,0%,0%);">5. Does billing in a foreign currency affect payment timelines?</span></h4><p><span style="color:hsl(0,0%,0%);">Billing in a foreign currency can sometimes lead to faster payments, as customers may find settling invoices in their local currency easier. However, if there are delays in currency conversion, it could extend the payment timeline.</span></p><h4><span style="color:hsl(0,0%,0%);">6. What should I remember when paying invoices in a foreign currency?</span></h4><p><span style="color:hsl(0,0%,0%);">When paying invoices in a foreign currency, watch out for currency conversion fees and exchange rates. Using a reliable payment platform that offers competitive rates and minimizes additional charges is also helpful.</span></p><h4><span style="color:hsl(0,0%,0%);">7. How can I simplify the billing process when dealing with foreign customers?</span></h4><p><span style="color:hsl(0,0%,0%);">Consider using billing software that supports multiple currencies to make invoicing international clients easier. This will help automate the process, reduce errors, and ensure that your foreign customers receive clear and accurate invoices.</span></p><h4><span style="color:hsl(0,0%,0%);">8. Are there legal considerations when invoicing in a foreign currency?</span></h4><p><span style="color:hsl(0,0%,0%);">Yes, there may be legal considerations depending on the countries involved. It's essential to comply with local tax regulations, documentation requirements, and any currency restrictions that could affect your ability to invoice and receive payments.</span></p><h4><span style="color:hsl(0,0%,0%);">9. How do I handle exchange rate fluctuations when dealing with foreign clients?</span></h4><p><span style="color:hsl(0,0%,0%);">To manage exchange rate fluctuations, you might consider using forward contracts to lock in a favourable rate in advance or setting a buffer in your pricing to account for potential changes in currency value.</span></p><h4><span style="color:hsl(0,0%,0%);">10. What are the best practices for billing international clients?</span></h4><p><span style="color:hsl(0,0%,0%);">The best practices for billing international clients include communicating payment terms, choosing the correct currency for invoicing, and using secure, reliable payment methods. Discussing their preferred invoicing method with your clients is also a good idea to ensure a smooth transaction process.</span></p>

Safety hat wearing young male and female warehouse workers looking at the notepad with smiles on their faces.

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Is Billing Foreign Customers In Their Local Currency Better?

<figure class="image"><img src="https://content.mtfxgroup.com/uploads/send_money_europe_1_d6f081b116.jpg" alt="Visual depicting a European map with an arrow showing money transfer to Europe from Canada"></figure><p><span style="color:hsl(0,0%,0%);">Transferring money overseas can seem complicated, but it doesn't have to break the bank. Whether you're sending money to family abroad, paying for international services, or </span><a target="_blank"  href="https://www.mtfxgroup.com/post/guide-for-canadians-buying-a-vacation-home-in-europe/">buying property overseas</a><span style="color:hsl(0,0%,0%);">, everyone wants the cheapest way to transfer money overseas. With many options available today, from traditional bank transfers to digital platforms, finding the best way to send money abroad can save you a lot.</span></p><p><span style="color:hsl(0,0%,0%);">Europe is a popular destination for international money transfers as many people in Canada want to fund business operations, education, weddings, and property purchases abroad. Whatever your reason for moving money to Europe is, it's important to find a provider that offers </span><a target="_blank"  href="https://www.mtfxgroup.com/tools/live-exchange-rates/">competitive exchange rates</a><span style="color:hsl(0,0%,0%);"> and low transfer fees. In addition to low-cost transfers, you also need to ensure quick, secure, and hassle-free transfers.</span></p><p><span style="color:hsl(0,0%,0%);">In this blog, we'll explore the most affordable ways to send your money to Europe so you can keep more in your pocket while ensuring your funds arrive safely and on time.</span></p><h2><span style="color:hsl(0,0%,0%);">What's the best way to transfer money from Canada to Europe?</span></h2><p><span style="color:hsl(0,0%,0%);">When transferring money from Canada to Europe, the best way depends on your needs—whether you're prioritizing speed, cost, or convenience. Here are some of the top options:</span></p><h3><span style="color:hsl(0,0%,0%);">1. Online money transfer services</span></h3><p><span style="color:hsl(0,0%,0%);">Online money transfer platforms like MTFX offer lower fees and competitive exchange rates than traditional banks. They're cost-effective, particularly for large business and personal transfers, and the process is usually fast and easy. These platforms are a great option if you want to save on fees and get better rates.</span></p><h3><span style="color:hsl(0,0%,0%);">2. Bank transfers</span></h3><p><span style="color:hsl(0,0%,0%);">Most Canadian banks allow you to send money directly to European banks through international wire transfers. While secure, banks often have higher fees and may not offer the best exchange rates. This option is more suitable for people who value the security of their bank and don't mind paying more.</span></p><h3><span style="color:hsl(0,0%,0%);">3. Foreign exchange brokers</span></h3><p><span style="color:hsl(0,0%,0%);">Foreign exchange brokers can be another choice if you're transferring larger amounts. They specialize in currency exchange and often offer better rates than banks, making them suitable for currency conversion. However, sending money abroad might not be as quick and seamless as online transfer services.</span></p><h3><span style="color:hsl(0,0%,0%);">4. SWIFT transfers</span></h3><p><span style="color:hsl(0,0%,0%);">SWIFT transfers through banks or online services can be an excellent option for large transactions, especially for business or real estate purposes. They're secure and reliable, but make sure to compare fees and exchange rates before committing.</span></p><p>&nbsp;</p><figure class="image"><a target="_blank"  href="https://www.mtfxgroup.com/overseas-transfers/?source=ol&amp;from=CAD&amp;to=EUR"><img src="https://content.mtfxgroup.com/uploads/53_bb5d3aaf07_5f1cf5e161_7f1bd9bad8.png" alt="CTA Visual saying &quot;Bank-beating exchange rates&quot;"></a></figure><p>&nbsp;</p><h2><span style="color:hsl(0,0%,0%);">How much does a money transfer from Canada to Europe cost?</span></h2><p><span style="color:hsl(0,0%,0%);">When you're sending money to Europe, every dollar counts. Whether making regular payments or transferring a large sum for a major purchase, like real estate, finding the cheapest way to transfer money to Europe is crucial. With hundreds or even thousands of dollars at stake, high fees or poor exchange rates can significantly reduce the amount your recipient receives. That's why choosing a provider that offers both low fees and competitive exchange rates is essential.</span></p><h3><span style="color:hsl(0,0%,0%);">Hidden costs of international transfers</span></h3><p><span style="color:hsl(0,0%,0%);">Many banks and money transfer providers break down their costs into two main parts: transaction fees and foreign exchange markups. While the transaction fee is often visible, the foreign exchange markup is usually hidden in their offer rate. This markup can vary significantly, and you could lose more money than expected.</span></p><p><span style="color:hsl(0,0%,0%);">For example, traditional banks may charge higher fees and apply a poor exchange rate, meaning you're paying much more than you would with a specialized money transfer provider. To avoid this, it's essential to compare the total cost, including the exchange rate and hidden fees, before transferring.</span></p><h3><span style="color:hsl(0,0%,0%);">Foreign exchange rate fluctuations</span></h3><p><span style="color:hsl(0,0%,0%);">Exchange rate fluctuations are among the biggest concerns when sending an international transfer. Currency markets can change rapidly, and if the Canadian dollar weakens, your recipient could receive less money, or you might need to pay more to send the same amount. This can be particularly problematic if you're sending money over an extended period or planning a large transaction in the future. You can </span><a target="_blank"  href="https://www.mtfxgroup.com/tools/currency-rate-alerts/?from=CAD&amp;to=EUR">set up a CAD to EUR rate alert</a><span style="color:hsl(0,0%,0%);"> to ensure you send money at the desired rate.</span></p><h3><span style="color:hsl(0,0%,0%);">Time delays can add to costs</span></h3><p><span style="color:hsl(0,0%,0%);">While it may not seem directly related to costs, the speed of your transfer can impact how much you end up paying. If you're transferring money to Europe for a real estate transaction, tuition payment, or other time-sensitive needs, delays can lead to late fees or penalties on the recipient's end. Banks, for example, can take several days to process a transfer, while specialized money transfer services like MTFX often offer faster processing times, reducing the risk of additional penalties.</span></p><h3><span style="color:hsl(0,0%,0%);">Currency conversion fees</span></h3><p><span style="color:hsl(0,0%,0%);">Another common issue with international transfers is currency conversion fees. Some providers charge an additional fee for converting Canadian dollars (CAD) to European currencies, such as euros (EUR). This is separate from the exchange rate margin and can increase the transfer cost. Choosing a provider that is transparent about these fees or offers free currency conversion as part of the transfer service is important.</span></p><h2><span style="color:hsl(0,0%,0%);">Key considerations when transferring money to Europe</span></h2><p><span style="color:hsl(0,0%,0%);">When sending money from Canada to Europe, weighing several key factors to ensure you get the most value and security from your transaction is essential. Here's what you should keep in mind:</span></p><p><span style="color:hsl(0,0%,0%);"><strong>Exchange rates</strong>: Exchange rates play a huge role in how much money your recipient in Europe will receive. Even a slight difference in the rate can significantly impact larger transfers. Always compare the mid-market exchange rate (the real exchange rate) with what your provider is offering.</span></p><p><span style="color:hsl(0,0%,0%);"><strong>Transaction fees</strong>: Understanding the transfer fees is crucial to avoid overpaying. These fees can be fixed (a flat fee regardless of the amount) or percentage-based (a percentage of the total amount being transferred). Additionally, some providers charge hidden fees through poor exchange rates or intermediary fees.</span></p><p><span style="color:hsl(0,0%,0%);"><strong>Transfer speed</strong>: How fast you need the money to arrive will influence the type of transfer service you choose. Some transfers take a few minutes, while others take several business days. Urgent transfers often come with higher fees, while regular transfers may be slower but more affordable.</span></p><p><span style="color:hsl(0,0%,0%);"><strong>Security</strong>: Always choose regulated financial institutions or licensed money transfer companies. Providers regulated by authorities like FINTRAC in Canada and FCA in Europe offer greater security, ensuring that your money is safe and that the transfer complies with legal requirements.</span></p><p><span style="color:hsl(0,0%,0%);"><strong>Currency conversion</strong>: Some providers offer better currency conversion rates than others, and some may charge a separate fee for converting your money. Be mindful of how these conversions are handled, as poor exchange rates or extra conversion fees can reduce the amount your recipient will receive.</span></p><h2><span style="color:hsl(0,0%,0%);">How to transfer money to Europe in 3 easy steps?</span></h2><p><span style="color:hsl(0,0%,0%);">Transferring money from Canada to Europe is quick and easy when you follow these three steps. Here's how to do it:</span></p><h3><span style="color:hsl(0,0%,0%);">Step 1: Create your free account</span></h3><p><span style="color:hsl(0,0%,0%);">Setting up your MTFX account is free and takes just a few minutes. Sign up online by providing your basic details and verifying your identity, and you're all set! Once your account is active, you can fund it through bill payment or bank transfer.</span></p><h3><span style="color:hsl(0,0%,0%);">Step 2: Secure a competitive exchange rate</span></h3><p><span style="color:hsl(0,0%,0%);">When you're ready to transfer, MTFX ensures you get the best value by offering the mid-market exchange rate—the same rate you see on currency markets, with no hidden markups. This means you're getting a real exchange rate with complete fee transparency.</span></p><h3><span style="color:hsl(0,0%,0%);">Step 3: Make your payment</span></h3><p><span style="color:hsl(0,0%,0%);">Once you've locked in your rate, all that's left is to finalize your payment. Enter the recipient's details, confirm the amount, and MTFX will handle the rest. You can track your transfer every step of the way, ensuring peace of mind throughout the process.</span></p><p>&nbsp;</p><figure class="image"><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Send-Money-to-europe-from-canada&amp;_ga=2.52582248.1991544682.1727680732-283943938.1693563263"><img src="https://content.mtfxgroup.com/uploads/Copy_of_Green_and_Blue_Thin_Geometric_Lines_Finance_Report_Finance_Presentation_63_cc221149b8_b26fa732c6.png" alt="CTA visual showing a European flag"></a></figure><p>&nbsp;</p><h2><span style="color:hsl(0,0%,0%);">How long does a money transfer from Canada to Europe take?</span></h2><p><span style="color:hsl(0,0%,0%);">Moving money from Canada to Europe should be fast and seamless in a world without borders. With MTFX's specialist services and your online account, overseas money transfers to Europe from Canada usually take 24-48 hours to arrive. Express payments arrive on the same day. The good news is that you can track the status of your transfer online when you send money to a European bank account.</span></p><h2><span style="color:hsl(0,0%,0%);">How can I get the best CAD to EUR exchange rate?</span></h2><p><span style="color:hsl(0,0%,0%);">To </span><a target="_blank"  href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/?from=CAD&amp;to=EUR">get the best CAD to EUR exchange rate</a><span style="color:hsl(0,0%,0%);">, comparing different providers is essential, as rates vary widely between banks, online platforms, and money transfer services. Look for services that offer the mid-market exchange rate—the actual rate you see on currency markets—without hidden markups. Timing your transfer can also help; exchange rates fluctuate based on global market conditions, so using rate alerts or watching trends can allow you to lock in a favourable rate.</span></p><h2><span style="color:hsl(0,0%,0%);">Is it safe to transfer money to Europe online?</span></h2><p><span style="color:hsl(0,0%,0%);">When transferring money to Europe from Canada, you can rest assured that your money is in safe hands. You can transact confidently via our secure online platform and enjoy the transparency of managing international money transfers independently. MTFX is regulated by FINTRAC and has developed a reputation as a reliable and trusted FX specialist over 25 years.</span></p><h2><span style="color:hsl(0,0%,0%);">What documents do I need to send money to Europe?</span></h2><p><span style="color:hsl(0,0%,0%);">You'll need a few key documents to ensure a smooth transfer when sending money to Europe. Typically, you'll be asked for:</span></p><ul><li><span style="color:hsl(0,0%,0%);"><strong>Government-issued ID</strong>: A valid passport, driver's license, or another form of government-issued identification to verify your identity.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>Proof of address</strong>: A recent utility bill, bank statement, or official government correspondence showing your current address.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>Recipient's details</strong>: The full name, address, and bank details of the recipient, including the IBAN (International Bank Account Number) and BIC/SWIFT code for European bank transfers.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>Source of funds</strong>: Some providers may require you to provide documentation or a statement explaining the source of the funds, especially for large transfers.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>Transfer purpose</strong>: Depending on the provider or the amount you're sending, you might need to provide the purpose of the transfer (e.g., family support, tuition, real estate purchase).</span></li></ul><h2><span style="color:hsl(0,0%,0%);">Transfer money from Canada to any bank account in Europe</span></h2><p><span style="color:hsl(0,0%,0%);">Individuals and businesses can rely on currency specialist MTFX for fast, secure, and money-saving international transfers, whether you want to send money to France, Germany, Poland, or anywhere in Europe. You'll have access to expert guidance and tools, giving you the support you need to make the most of your money.</span></p><p><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Send-Money-to-europe-from-canada&amp;_ga=2.52582248.1991544682.1727680732-283943938.1693563263"><strong>Sign up today</strong></a><span style="color:hsl(0,0%,0%);"><strong> to transfer money to Europe at competitive exchange rates and low transfer fees. Enjoy the speed and convenience of your very own online MTFX account.</strong></span></p><p>&nbsp;</p><hr><h2><span style="color:hsl(0,0%,0%);">FAQs</span></h2><h4><span style="color:hsl(0,0%,0%);">1. What is the best international money transfer option from Canada to Europe?</span></h4><p><span style="color:hsl(0,0%,0%);">The best international money transfer option from Canada to Europe depends on your priorities: cost, speed, and convenience. Online money transfer services like MTFX offer competitive exchange rates and low fees, making them a preferred choice for many.</span></p><h4><span style="color:hsl(0,0%,0%);">2. What is the cheapest way to transfer money overseas from Canada?</span></h4><p><span style="color:hsl(0,0%,0%);">The cheapest way to transfer money overseas is through specialized money transfer services like MTFX, which provide real exchange rates and charge lower fees than traditional banks. Avoid banks, which often add hidden fees and unfavourable exchange rates, making your transfer more expensive.</span></p><h4><span style="color:hsl(0,0%,0%);">3. How can I get the best money transfer rates when sending money to Europe?</span></h4><p><span style="color:hsl(0,0%,0%);">To get the best money transfer rates when transferring money to Europe, compare different providers and look for those offering the mid-market exchange rate with no hidden markups. You can also sign up for rate alerts or use forward contracts to lock in favourable rates when the market is in your favour.</span></p><h4><span style="color:hsl(0,0%,0%);">4. Are there any hidden fees when transferring money to Europe from Canada?</span></h4><p><span style="color:hsl(0,0%,0%);">Some providers may charge hidden fees, especially by offering poor exchange rates. Banks are known to add a markup to the exchange rate and charge a transfer fee. To avoid hidden fees, choose a provider that is transparent about its rates and fees.</span></p><h4><span style="color:hsl(0,0%,0%);">5. How long does it take to transfer money to Europe from Canada?</span></h4><p><span style="color:hsl(0,0%,0%);">The time it takes to transfer money to Europe from Canada varies depending on the provider. Banks can take several business days, while specialized money transfer services usually complete the transfer within 1-2 business days. Faster options are available but may come with higher fees.</span></p><h4><span style="color:hsl(0,0%,0%);">6. What documents do I need to transfer money to Europe?</span></h4><p><span style="color:hsl(0,0%,0%);">To transfer money to Europe, you'll typically need a government-issued ID (like a passport or driver's license), proof of address, and the recipient's bank details, including their IBAN and SWIFT/BIC code. For larger transfers, you may need to provide documentation explaining the source of the funds.</span></p><h4><span style="color:hsl(0,0%,0%);">7. Is there a limit on how much money Canadians can transfer to Europe?</span></h4><p><span style="color:hsl(0,0%,0%);">Most providers set their own limits on how much money you can transfer to Europe from Canada. While online platforms may have lower limits, foreign exchange brokers and banks allow larger transfers.</span></p><h4><span style="color:hsl(0,0%,0%);">8. What is the cheapest way to transfer money to Europe for real estate purchases?</span></h4><p><span style="color:hsl(0,0%,0%);">The cheapest way to transfer money to Europe for real estate purchases is through a specialized service like MTFX. These providers offer lower fees and better exchange rates than banks, especially for large sums involved in property purchases.</span></p><h4><span style="color:hsl(0,0%,0%);">9. How do exchange rates affect the amount of money transferred to Europe?</span></h4><p><span style="color:hsl(0,0%,0%);">Exchange rates have a significant impact on the amount of money your recipient in Europe will receive. A lower exchange rate means less money on the other end. To get the best rates, look for providers that offer the mid-market exchange rate with no hidden markups.</span></p><h4><span style="color:hsl(0,0%,0%);">10. Can I transfer money to Europe for free?</span></h4><p><span style="color:hsl(0,0%,0%);">While it's rare to find completely free international transfers, some providers offer low-fee or fee-free promotions for new customers or smaller amounts. However, always check the exchange rate, as providers might recoup their costs by offering unfavourable rates.</span></p>

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Best Way to Transfer Money from Canada to Europe

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A scenic view of colorful beachfront properties on Nassau island with yachts floating in blue waters.

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Guide for Canadians Buying Property in the Bahamas

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<figure class="image"><img src="https://content.mtfxgroup.com/uploads/Buying_Property_in_Belize_0f6c5baa83_aef5981399.webp" alt="A picturesque view of Caye Caulker island in Belize featuring boats, palm trees, clear skies, and blue waters."><figcaption>Caye Caulker Island, Belize</figcaption></figure><p><span style="color:hsl(0,0%,0%);"><strong>Buying property in Belize as a Canadian can be a fantastic option, whether for passive income or to enjoy the Caribbean lifestyle. Here's how to do it and what you need to know.</strong></span></p><p><span style="color:hsl(0,0%,0%);">The country of Belize might be tiny, but it packs a punch when it comes to real estate appeal. There are many reasons why Belize is a world-class living destination. It has tropical weather, swoon-worthy beaches, ancient ruins, cheap properties, and no restrictions on foreign property buys.</span></p><p><span style="color:hsl(0,0%,0%);">If you're planning to buy property in Belize as a Canadian, it's wise to research and understand all the twists involved.</span></p><h2><span style="color:hsl(0,0%,0%);">Why buy property in Belize as a Canadian?</span></h2><p><span style="color:hsl(0,0%,0%);">Belize is a Caribbean country located on the northeastern coast of Central America. It's bordered by Mexico (north), the Caribbean Sea (east), and Guatemala (west + south).</span></p><p><span style="color:hsl(0,0%,0%);">Canada-Belize relations are generally good, and Belize is home to many Canadians. Here are some excellent reasons for joining the expat community in Belize.</span></p><ul><li><span style="color:hsl(0,0%,0%);"><strong>More affordable options than Canada:</strong> According to Forbes, Canada's real estate market is currently overpriced. You might find better luck fulfilling your property ownership dreams by venturing into Belize's emerging market, which offers many better value options.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>The property tax is cheap:</strong> You also benefit from lower property taxes. Land taxes range from 1% to 1.5%.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>No red tape:</strong> The Belize government allows Canadian citizens to buy property. The process is remarkably straightforward.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>The first language is English:</strong> Belize operates as a member of the British Commonwealth. The British monarchy heads the state, so English is the primary language.</span></li><li><span style="color:hsl(0,0%,0%);"><strong>The weather is sunny:</strong> If you want to escape Canada's brutal winters, owning a property in Belize allows you to become a "snowbird" expat. As a snowbird, you can stay home when the weather is good and trade the winters for sunny weather in Belize to get the best of both worlds.</span></li></ul><p>&nbsp;</p><p><a target="_blank"  href="https://www.mtfxgroup.com/overseas-transfers/?source=ol&amp;from=CAD&amp;to=USD"><img src="https://content.mtfxgroup.com/uploads/beliz_cta_b6107acfd3_cadbd9d7ec.png" alt="CTA Visual saying &quot;Looking for the best USD exchange rates?&quot;"></a></p><h2><br><span style="color:hsl(0,0%,0%);">Best places to buy property in Belize</span></h2><p><span style="color:hsl(0,0%,0%);">Belize is ideal for many Canadians looking for a foreign real estate investment. The country offers stunning scenery at affordable prices, so investing there could be a wise decision. Whether you seek to buy land or a beachfront vacation house or aim to move to Belize, these six top spots can be a great starting point.</span></p><h3><span style="color:hsl(0,0%,0%);">Ambergris Caye</span></h3><p><span style="color:hsl(0,0%,0%);">The largest island in Belize, Ambergris Caye is a popular destination for expats and tourists. Known for its stunning beaches, vibrant nightlife, and proximity to the Belize Barrier Reef, it offers luxury and laid-back island living. San Pedro, the island's main town, is a hub for real estate, providing everything from beachfront condos to upscale resorts.</span></p><h3><span style="color:hsl(0,0%,0%);">Caye Caulker</span></h3><p><span style="color:hsl(0,0%,0%);">A smaller, more relaxed island compared to Ambergris Caye, Caye Caulker is ideal for those seeking a slower pace of life. The island is famous for its motto, "Go Slow," and offers affordable property options, including beachfront homes and charming cottages. Its proximity to the reef makes it a haven for diving and snorkelling enthusiasts.</span></p><h3><span style="color:hsl(0,0%,0%);">Placencia</span></h3><p><span style="color:hsl(0,0%,0%);">Located on a peninsula in southern Belize, Placencia is known for its beautiful beaches and easygoing vibe. It's a prime location for beachfront properties and offers a mix of luxury resorts and more affordable housing options. The area is growing in popularity, making it an excellent investment for those looking to buy property in a tranquil yet increasingly popular destination.</span></p><h3><span style="color:hsl(0,0%,0%);">Punta Gorda</span></h3><p><span style="color:hsl(0,0%,0%);">A small town in southern Belize, Punta Gorda is known for its rich cultural heritage and natural beauty. It's a gateway to the pristine rainforests and the Maya Mountains, offering a more off-the-beaten-path experience. Properties here are generally more affordable, and the area is perfect for those looking for a quieter, nature-focused lifestyle.</span></p><h3><span style="color:hsl(0,0%,0%);">Corozal Town</span></h3><p><span style="color:hsl(0,0%,0%);">Close to the Mexican border, Corozal Town is a peaceful community with a growing expat population. The town offers affordable property options, particularly along the scenic Corozal Bay. Its proximity to Mexico makes it an appealing location for those who want easy access to both Belize and Mexican amenities.</span></p><h3><span style="color:hsl(0,0%,0%);">Cayo District</span></h3><p><span style="color:hsl(0,0%,0%);">Belize's Cayo District is ideal for nature lovers, offering lush jungles, rivers, and ancient Maya ruins. San Ignacio, the main town, is a vibrant community with a mix of locals and expats. The district is perfect for those looking to buy property surrounded by natural beauty, with options ranging from riverside homes to jungle retreats.</span></p><h2><span style="color:hsl(0,0%,0%);">Five essential steps to purchasing property in Belize</span></h2><h3><span style="color:hsl(0,0%,0%);">1. Do your research</span></h3><p><span style="color:hsl(0,0%,0%);">Buying property in Belize could be one of your most significant investments. Hence, it's crucial to research the property market – its past trends, forecasts, and hotspots. This is the first step in deciding where to invest in real estate.</span></p><h3><span style="color:hsl(0,0%,0%);">2. Take a trip to Belize</span></h3><p><span style="color:hsl(0,0%,0%);">Generally, it's good to put eyeballs on the property before buying. To be thorough, we recommend visiting Belize and touring areas like Ambergris Caye, San Ignacio, San Pedro, Corozal, and Placencia to get a feel of the whole country. Using an accredited broker to reduce the risks while buying property in Belize is best since the real estate industry is unregulated.</span></p><h3><span style="color:hsl(0,0%,0%);">3. Understand the laws</span></h3><p><span style="color:hsl(0,0%,0%);">A reputable lawyer is an essential factor in helping your purchase go smoothly. They'll help you understand the basics of ownership, such as the tax implications and obligations of purchasing an international property. They'll also handle the legal aspect of the buying process and ensure a satisfactory contract overall.</span></p><h3><span style="color:hsl(0,0%,0%);">4. Calculate the costs</span></h3><p><span style="color:hsl(0,0%,0%);">The cost of buying property overseas typically includes mortgage fees, money transfer fees, legal fees, insurance costs, service fees, and utility costs. Factor in all relevant costs to prepare a workable budget.</span></p><h3><span style="color:hsl(0,0%,0%);">5. Transfer the payment</span></h3><p><span style="color:hsl(0,0%,0%);">Once all the paperwork is in order, it's time to transfer the&nbsp;international money.&nbsp; A specialist transfer service is better to avoid poor exchange rates and high bank transfer fees.</span></p><h2><span style="color:hsl(0,0%,0%);">Why do exchange rates matter when buying property abroad?</span></h2><p><span style="color:hsl(0,0%,0%);">If you transfer a large amount of money into a foreign bank account, unfavourable exchange rates will increase costs. Since buying property is a substantial investment, you need competitive exchange rates to spin you more money.</span></p><p><span style="color:hsl(0,0%,0%);">Fortunately, you can use MTFX's foreign exchange tools to make an informed decision. For instance, MTFX's</span> <a target="_blank"  href="https://www.mtfxgroup.com/tools/mtfx-rate-calculator/?from=CAD&amp;to=USD">live rate currency calculator</a><span style="color:hsl(0,0%,0%);"> lets you see the current USD/CAD pair trend. Although the Belize dollar is the country's official currency, it's pegged against the U.S. dollar, which is gladly accepted. So, you'll need to convert your Canadian dollars to American dollars to purchase Belizean property.</span></p><h2><span style="color:hsl(0,0%,0%);">Where to find the best exchange rates?</span></h2><p><span style="color:hsl(0,0%,0%);">There are various methods for sending money from Canada to Belize, with the top options being via a bank or foreign exchange specialist. Using a specialist service is your best bet if your choice of international money transfer service is based mainly on competitive exchange rates.</span></p><p><span style="color:hsl(0,0%,0%);">You can expect a currency specialist like MTFX to give you the most competitive exchange rates and low transfer fees. MTFX offers exchange rates 3-5% lower than banks because foreign exchange is our sole focus. We deal with large volumes of currency exchanges and know how to navigate market movements to help you get the most from your money.</span></p><p><span style="color:hsl(0,0%,0%);">The implications on your money are honest and cheerful – you can save as much as $5,000 when you transfer $100,000 overseas.</span></p><p>&nbsp;</p><figure class="image"><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=guide-for-canadians-buying-real-estate-property-in-belize"><img src="https://content.mtfxgroup.com/uploads/Copy_of_Green_and_Blue_Thin_Geometric_Lines_Finance_Report_Finance_Presentation_48_b2cdfe7224_ba3a858286.png" alt="A picturesque view of an island in Belize featuring deep blue skies and ocean waters."></a></figure><p>&nbsp;</p><h2><span style="color:hsl(0,0%,0%);">Pay online with MTFX and skip the bank</span></h2><p><span style="color:hsl(0,0%,0%);">Technology has brought many perks to overseas property buyers. For instance, it's possible to close a deal remotely thanks to Smart Viewing programs that enable you to take a virtual property tour. An even better perk is paying for your dream Belize property without going to the bank.</span></p><p><span style="color:hsl(0,0%,0%);">When you open your MTFX account, the secure online platform never sleeps, so you can forget about banking hours and enjoy the convenience of making payments from anywhere, anytime. The convenience of online payments is compounded many times over when you set up regular automated payments. This also allows targeting or locking in a more favourable exchange rate with a forward contract or currency rate alerts.</span></p><h2><span style="color:hsl(0,0%,0%);">Invest more with MTFX exchange rates</span></h2><p><span style="color:hsl(0,0%,0%);">Now that you know where to find the best exchange rates, you'll be pleased to know there are more compelling reasons to choose a currency specialist over a bank.</span></p><p><span style="color:hsl(0,0%,0%);">As a currency specialist, MTFX can provide expert guidance when sending money internationally. In addition, accessing the 24/7 secure platform allows you to send money online easily. This typically takes 24-48 hours, with express payments arriving at their foreign destination on the same day.</span></p><p><span style="color:hsl(0,0%,0%);">That means you get charged less for extra convenience while saving more with highly favourable exchange rates and low transfer fees.</span></p><p><a target="_blank"  href="https://online.mtfxgroup.com/register/?source_page=Guide-for-Canadians-Buying-Real-Estate-Property-in-Belize"><strong>Register your account</strong></a><span style="color:hsl(0,0%,0%);"><strong> with MTFX and pay for your property in Belize online today.</strong></span></p><p>&nbsp;</p><hr><h2><span style="color:hsl(0,0%,0%);">FAQs</span></h2><h4><span style="color:hsl(0,0%,0%);">1. What are some critical details before buying a property in Belize?</span></h4><p><span style="color:hsl(0,0%,0%);">Belize generally has friendly locals who welcome foreigners, so don't hesitate to understand the Belizean culture. However, remember that Belize is a developing country. Although it has plenty of natural beauty, the available luxuries and amenities might not compare to what you're used to in Canada.</span></p><h4><span style="color:hsl(0,0%,0%);">2. How do I get a mortgage on a Belize property as a Canadian?</span></h4><p><span style="color:hsl(0,0%,0%);">A mortgage from a Belizean financial institution can be a viable option if you're a legal resident. Otherwise, you'll need to obtain a mortgage with a Canadian lender or an international bank considering Canadian citizens' applications.</span></p><h4><span style="color:hsl(0,0%,0%);">3. Can Canadians buy property in Belize?</span></h4><p><span style="color:hsl(0,0%,0%);">Yes! Foreigners can purchase real estate property in Belize. The process is easy since you have the same rights as the nationals.</span></p><h4><span style="color:hsl(0,0%,0%);">4. Is buying property in Belize a good idea?&nbsp;</span></h4><p><span style="color:hsl(0,0%,0%);">Buying real estate in Belize can be an excellent idea for several reasons. You can enjoy the same rights as locals, whether you're looking for an intelligent investment or you're a Canadian snowbird looking for a vacation home somewhere sunny. In addition, real estate is relatively affordable in Belize, and there is no capital gains tax.</span></p><h4><span style="color:hsl(0,0%,0%);">5. Is it safe to buy property in Belize?&nbsp;</span></h4><p><span style="color:hsl(0,0%,0%);">There are some risks associated with buying property in Belize. Common issues include real estate scams, substandard building construction, invasion by squatters, and vandalism. Some areas in Belize are also prone to natural disasters like hurricanes. It's essential to be aware of these risks and do your due diligence to minimize them.</span></p><h4><span style="color:hsl(0,0%,0%);">6. Can I move to Belize from Canada?&nbsp;</span></h4><p><span style="color:hsl(0,0%,0%);">You can travel to Belize without a visa for a limited stay. If you plan to move to Belize as a Canadian, you must apply for permanent residency.</span></p><h4><span style="color:hsl(0,0%,0%);">7. What's the best way to send money to Belize from Canada for my property purchase?&nbsp;</span></h4><p><span style="color:hsl(0,0%,0%);">Using your MTFX account is a great way to save when converting currency and sending money abroad to buy property. You'll enjoy competitive exchange rates with no markups and low, transparent fees – better than your bank. Open an MTFX account online for free and manage your international payments to Belize, even without stepping foot in the country.</span></p>