Who can use CurrencyMate?

CurrencyMate serves both Canadian businesses and individuals who need to convert currencies or send international payments. Whether you're paying overseas suppliers, managing payroll abroad, or sending personal transfers, we can help.

How fast are transfers?

Most transfers settle same-day or next business day, depending on the destination currency and banking cut-off times. Your dedicated dealer will confirm exact timing for each transaction.

We offer market-leading exchange rates at a fraction of what banks charge, with no hidden fees or surprises. The rate your dealer confirms is the rate you receive. Contact us for a personalized quote and see the difference.

Is CurrencyMate regulated?

Yes. CurrencyMate is regulated in Canada under FINTRAC, the federal regulator for money services businesses. We operate as an independent partner of Mark Lane Canada Inc., which is registered as a Money Services Business (MSB) with FINTRAC (Registration #C100000673) and licensed with Revenue Quebec (License #21225).

How CurrencyMate Works

CurrencyMate onboards Canadian businesses and individuals in a few structured steps. Registration is online and typically approved the same business day. Once approved, you are matched with a dedicated FX dealer who handles every trade from quote to settlement.

Getting Started is Simple

Register — Create your account online. Provide standard KYC information (business details or personal identification) and complete verification. Most accounts are approved the same business day.
Connect with a Specialist — You are paired with a dedicated FX dealer who understands your industry, cash flows, and payment cycles. Reach them directly by phone or email during business hours.
Book Your Trade — Request a live quote for your spot conversion, forward contract, or international payment. Your dealer confirms the rate, currency pair, value date, and beneficiary details before you approve.
Fund the Trade — Send Canadian dollars (or foreign currency for conversions into CAD) from your Canadian bank account via EFT or wire. Funds are held in segregated client accounts at regulated financial institutions.
Fast Settlement — Funds are released to your beneficiary same-day or next business day depending on the currency and cut-off time. You receive confirmation of delivery.

Onboarding and Compliance

CurrencyMate is regulated in Canada under FINTRAC. As part of onboarding, we collect Know Your Customer (KYC) and, for businesses, Know Your Business (KYB) documentation. Your dealer handles compliance paperwork with you during setup so there are no surprises when it is time to trade.

Settlement Timing and Cut-Offs

Most major currency transfers (USD, EUR, GBP, AUD) settle same-day if booked before the currency cut-off, and next business day otherwise. Emerging market currencies may take one to two additional business days. Your dealer confirms the exact value date before you approve any trade.

What You Can Trade

Spot FX transactions in 50+ currencies for immediate conversion
Forward contracts to lock in a rate for up to 12 months
International supplier payments in local currency
Inbound conversion of USD, EUR, GBP and other foreign revenue into CAD
Personal international transfers to 180+ countries
Property purchase transfers with staged payment scheduling

Pricing

CurrencyMate uses transparent, competitive pricing. There are no setup fees, no subscription fees, and no hidden markups. Your dealer confirms the exact rate on every trade before you approve it. Rates are meaningfully closer to the interbank mid-market than Canadian bank retail rates.