12 Reliable and Popular Money Exchange Services in Mississauga

Money exchanges play an important role in the global economy, provide the facility to convert one currency into another and enable international trade and travel. In Mississauga, the demand for reliable and efficient currency exchange services is high. Every year, residents send over $1 billion back to their home countries, travelers spend about $5,000 each trip, and businesses do transactions worth $10 million across borders. To help with all this, Mississauga has many places where you can exchange money. 

These places handle more than $100 million in transactions every month. These establishments range from specialized kiosks that focus on specific currencies to larger financial centers that offer diverse services. These exchanges also offer other services, like online transfers (they do more than $50 million of these every year), multi-currency accounts (they hold over $20 million altogether), and travel cards (they come with an average of $1,000 pre-loaded). With all these options, Mississauga’s money exchanges are the go-to place for everything related to exchanging money internationally.

1. Remitbee Online Money Transfer & FX

RemitBee Money Transfer & FX is a Canadian financial platform specializing in international money transfers and currency exchange. It offers secure, fast transfers to over 100 countries and same-day delivery to many destinations.

Their services include:

• International money transfers: Send money securely to family and friends abroad. Transfers over $500 are fee-free.
• Currency exchange: Exchange currencies with competitive rates and no hidden fees. RemitBee offers currency exchange primarily between Canadian Dollars (CAD) and US Dollars (USD). To exchange CAD for USD, you must have a USD account in Canada. You can exchange up to $250,000 daily through a quick and easy 3-step online process.

Note: This service is currently only available for users with Canadian accounts.

• Mobile top-ups: Top up your phone or someone else’s phone internationally.
• Bill payments: Easily pay your bills in other countries.

Businesses can also benefit from RemitBee’s services with features like:

• Higher limits for transactions
• Improved security and following rules
• Personalized help for businesses

Security is a top priority for RemitBee. They use SHA-256 RSA encryption and security measures to protect your money. All transactions are insured, and you’ll get a full refund if the funds don’t reach the recipient. Their customer support team is available 24/7 to assist you. 

Location: 2 Robert Speck Pkwy #620, Mississauga, ON L4Z 1H8, Canada 

Website: Remitbee Online 

2. Prime FX

Prime FX, a brand of FINTRAC-registered Delhousie Inc., has been offering reliable foreign exchange and money transfer services since 2014. Their focus on competitive rates and quality service makes them a trusted choice for currency exchange. 

Services:

• Currency Exchange: Prime FX offers competitive rates for converting currencies to travelers, investors, and businesses.
• Foreign Currency Purchases & Sales: They handle buying and selling foreign currencies for both individuals and businesses.
• International Money Transfers: Send money abroad for various purposes, including family support, education, or business transactions.

Currencies Exchanged: Prime FX offers a vast selection of currencies, including:

• Major currencies: USD, EUR, GBP, JPY, CAD
• Emerging market currencies: INR, CNY, BRL

Security and Regulation: Prime FX keeps your money safe and follows all the rules for transactions.

• Regulation: They follow foreign exchange regulations to ensure ethical industry practices.
• FINTRAC Registered: Anti-money laundering (AML) and counter-terrorist financing (CTF) regulations are guaranteed.
• Client Confidentiality: They follow regulatory guidelines to protect client information.

Location: 488 Eglinton Ave W Unit#10, Mississauga, ON L5R 0G2, Canada 

Website: Prime FX 

3. ICE International Currency Exchange

Renowned for over 40 years, ICE International Currency Exchange has made foreign exchange for Canadians. They offer convenient solutions for travelers and businesses:

• Travel Money: Get competitive rates when you order foreign currency online for home delivery (minimum £100, maximum £7,500).
• Currency Card: Load money onto the ICE Travellers Cashcard for easy spending abroad (maximum per load £5,000, maximum annual load £10,000).

Extensive Currency Coverage: Trade over 60 FX contracts, including:

• Major pairs: EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/CHF
• Emerging markets: Brazilian real, Colombian peso, Indian rupee, Israeli shekel, Mexican peso, Polish zloty, Russian ruble, Turkish lira.

This broad selection ensures ICE can meet the foreign exchange needs of a diverse clientele.

Security Measures:

• Encryption: ICE uses industry-standard encryption to scramble your data during online transactions. Only authorized servers can decipher it.
• Data Check: After data transmission, ICE makes sure no one changes it along the way.
• Sanctions Screening: ICE uses sanctions lists to avoid transactions with sanctioned entities.

Location: 6300 Silver Dart Dr, Toronto, ON L5P 1B2, Canada

Website: ICE International 

4. ChicksX – Crypto & Currency Exchange

ChicksX is a global cryptocurrency and fiat exchange platform that allows users to buy, sell, and trade a wide variety of digital currencies (over 200) and multiple fiat currencies—all at guaranteed low rates.

Extensive Selection:

• Crypto: Buy, sell, and trade popular choices like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA), plus over 300 more cryptocurrencies.
• Fiat: Exchange major currencies like US Dollar (USD), Canadian Dollar (CAD), and Euro (EUR) with ease).

Unmatched Security:

• End-to-End Encryption: Your data is always protected with industry-leading security protocols.
• Multi-Step Verification: Different verification levels ensure secure transactions (Level 1 allows up to $10,000 purchases).
• 24/7 Customer Support: Get help whenever you need it.
• Fintrac & Fincen Registered: Follow financial regulations for user trust.
• Continuous Security Updates: They constantly improve their security measures to keep you safe.

Location: 2275 Britannia Rd W Unit # 3, Mississauga, ON L5M 2G6, Canada

Website: ChicksX 

5. Babylon Monetary Services – Currency Exchange & Money Transfer

Babylon Monetary Services, a family-run business since 2008, offers currency exchange and money transfer. Their team understands the challenges newcomers and businesses face.

Services Offered:

• Currency Exchange: Buy and sell major currencies (USD, CAD) and more.
• Money Transfer: Send and receive money securely.
• Wire Transfer: Reliable and fast wire transfer services.

Babylon Monetary Services goes beyond currency exchange and offers these cryptocurrencies:

• Bitcoin (BTC): Babylon has played an innovative role in the crypto space by launching the world’s first trustless Bitcoin staking testnet. They also offer Bitcoin as a staking asset.
• Tether (USDT): Facilitates transactions with this stablecoin.
• Polygon (MATIC): Allows buying, selling, and transferring MATIC.
• Dogecoin (DOGE): Serves to DOGE enthusiasts.

Here’s what makes Babylon Monetary Services unique:

• Transparent Service: They pride themselves on honesty and a no-hidden fee policy.
• Personalized Attention: Their multilingual staff ensures a smooth and understanding customer experience.
• Competitive Rates & Fast Service: Get the best exchange rates during convenient business hours.

Security & Compliance:

• AML/CTF Compliant: Babylon Monetary Services follows strict regulations to prevent money laundering and terrorism financing.

Location: 3060 Hurontario St, Mississauga, ON L5B 1N7, Canada

Website: Babylon 

6. AR International Inc.

AR International Inc. deals with foreign exchange for businesses and individuals. 

Foreign Exchange Services:

• Currency Transactions: Buy or sell foreign currencies for international transactions (goods, services).
• Forward Contracts: These are agreements where you fix the exchange rate now for a future transaction, which helps protect you from sudden changes in currency values.

Supported Currencies:

• USD (US Dollar)
• GBP (British Pound Sterling)
• CAD (Canadian Dollar)
• EUR (Euro)
• And many more

Beyond Traditional Currencies (if applicable):

• AR International ventures into the world of cryptocurrency.
• They facilitate the buying and selling of digital assets like Bitcoin and Ethereum.

Security: 

• PCI Compliance: Meets the industry standard for data security.
• User Authentication: Uses passwords and digital certificates for verification.
• Encryption: Protects sensitive data confidentiality.
• Firewalls: Enhances network security.
• Data Integrity: Ensures information accuracy and protection.
• Monitoring: Regularly monitors systems for security breaches.

Location: 125 A Dundas St E, Mississauga, ON L5A 1W7, Canada

Website: AR International Inc. 

7. Money Exchange World

Money Exchange World is a Canadian financial services provider with over 150 years of trusted service, offering a variety of services.

Services:

• Currency Exchange: They specialize in buying and selling foreign currency with competitive rates and no hidden fees, regardless of the amount. They can handle transactions from small (USD 100 for Euros) to large (JPY 100,000). 
• Income Tax Preparation: Help with personal and business income tax filing, including same-day cash refunds (up to the legal maximum) and e-filing.
• Payday Loans: Short-term loans typically range from $100 to $1,500 (depending on regulations).
• Western Union Money Transfer: Send and receive money internationally (limits apply).
• Gold and Silver: Buy and sell gold and silver at market value.
• Bill Payments: Pay bills conveniently through their platform (minimum payment may apply).
• Mailbox Rentals: Rent a mailbox for added convenience (rental fees vary by size and duration).
• International Phone Top-Up: Top up your international phone credit to stay connected (amounts typically range from $10 to $50).

MEW safeguards your finances with a multi-layered approach: 

• 256-bit AES encryption secures data (names, addresses, IDs) at rest and in transit. 
• 24/7 CCTV with 30+ day recordings and a sub-4-minute response alarm system prevent unauthorized activity and ensure immediate action if needed. 
• Dual-factor access (keycard + biometric scan) protects sensitive areas.

Location: 700 Burnhamthorpe Rd W #4, Mississauga, ON L5C 2R9, Canada

Website: Money Exchange World 

8. Sultan Currency Exchange & Money Transfer

Sultan Currency Exchange & Money Transfer specializes in foreign exchange over 200 currencies, all with a focus on customer care and security.

Services: 

• Competitive Currency Exchange: Sultan stands out in currency exchange and offers competitive rates, including popular options like CAD, USD, EUR, GBP, AUD, JPY, etc.
• Global Money Transfers: Transfer money to almost anywhere globally, including the US, Middle East, Europe, and more. They partner with established services like Western Union and Xpress Money.
• Live Gold Rates: Buy and sell gold at competitive prices that reflect the current market value.
• 24/7 Support with Potential Discounts: Sultan understands the importance of financial needs. They provide around-the-clock customer support, often with discounted rates during these times.
• Guaranteed Best Rates: They offer the best possible exchange rate at the time of your transaction (e.g., USD buy: 1.3907, sell: 1.3624).

Security and Trust:

• Trusted and Accredited: Sultan is a professionally registered firm organized by the Better Business Bureau, ensuring ethical business practices and complaint resolution.
• Insured Transactions: Your money is safe with Sultan because they have insurance to protect your transactions.
• Accountability Measures: They pay close attention to every transaction they handle, so you can trust them to get it right every time.

Location: 2395 Cawthra Rd #101, Mississauga, ON L5A 2W8, Canada

Website: Sultan Currency 

9. Kantor Currency Exchange

Founded in 2001, Kantor Currency Exchange has grown from a local Toronto service to a trusted provider across Canada and the US. They prioritize customer satisfaction with the following:

• Competitive Rates & Transparency: Get the best rates on various currencies (USD, EUR, GBP, CAD, JPY, CHF, AUD, CNY, INR, MXN, and more).
• Exceptional Service: Enjoy a quick, secure, and customer-focused experience.

Services Offered:

• Foreign Exchange: They offer individuals and businesses a wide selection of currencies.
• Money Transfers: Send money internationally securely and efficiently.
• Cryptocurrency Services (Buy & Sell): Trade popular coins (BTC, ETH, LTC, USDC) in a safe environment. This service is for experienced users and beginners.
• SafePal S1 Hardware Wallet: Securely store your crypto assets with this compact device featuring:

• Unlimited Token Support (48 blockchains)
• 100% Offline Cold Storage
• No Bluetooth, Wi-Fi, NFC, or USB connections
• Compact & Versatile (Credit Card Sized)

Kantor prioritizes your financial security with transparent services, competitive rates, and secure solutions for both traditional and digital currencies.

Location: 3643 Dixie Rd #1, Mississauga, ON L4Y 2B3, Canada

Website: Kantor  

10. Money Exchangers

Money Exchangers offers a convenient and secure solution. Whether you’re an individual or a business, they offer different services to make exchanging money simple.

Services: 

• Exchange Currencies: Competitive rates on over 100 currencies (USD, EUR, GBP, JPY, CNY, INR, CAD, and more).
• Cash & Traveler’s Cheques: Buy/Sell foreign cash or get traveler’s cheques for secure travel.
• Wire Transfers: Send or receive larger sums for international transactions.

Transaction Limits: The transaction limits for money exchangers can vary depending on the service provider and the region. Here are some examples:

• North America: Can range from USD 535,000 (US) to CAD 560,000 (Canada).
• Europe: Up to EUR 400,000.
• Australia & New Zealand: Can be as high as AUD 2,321,960 (Australia) or NZD 2,500,000 (New Zealand).
• India: Individuals can purchase up to USD 25,000 or its equivalent in any currency.

Safety First: Money Exchangers prioritize:

• ID Verification
• Secure Transactions
• Licensing & Regulations
• Physical & Data Security
• Exchange Rate Transparency 
• Insurance (for large transactions) 

Location: 488 Eglinton Ave W, Mississauga, ON L5R 0G2, Canada

Website: Money Exchangers 

11. TCX Currency Exchange

TCX offers a currency exchange solution for both individuals and businesses. With over 40 years of experience, they’ve built a reputation for reliability and ease of use.

For Individuals and Businesses: TCX Travelers simplifies your foreign exchange needs.

• Exchange and convert over 100 currencies, including major players like USD, EUR, GBP, and JPY.
• Complete your order in under 3 minutes – their process is designed for speed and efficiency.
• Access a trusted partner with a proven track record.

For International Businesses and Lenders: TCX Fund provides a unique hedging solution for emerging markets.

• Protect yourself from exchange rate volatility: TCX Fund manages the currency risk and ensures predictable debt financing for borrowers.
• Founded by development finance institutions in 2007, TCX Fund boasts a strong foundation and expertise in emerging markets.

Beyond Traditional Currency

TCX understands the growing importance of cryptocurrency. They offer secure buying and selling of popular options like Bitcoin, Ethereum, and Litecoin, potentially with more to come in the future.

TCX prioritizes security with encryption, secure logins, and regular audits. Enable 2FA for maximum protection (if offered). 

Location: 100 City Centre Dr Unit #2 – 287, Mississauga, ON L5B 2C9, Canada

Website: TCX Currency

12. Al-Patra Exchange

Al-Patra Exchange offers currency exchange for travelers & businesses. Get competitive rates on over 100 currencies. 

Services: 

• Exchange foreign and Arabic currencies with ease at Al-Patra. They offer the best rates on a variety of currencies.
• Global Transfers: Al-Patra facilitates fast and secure currency transfers around the world.
• Fast & Reliable Service: Many customers report completing transactions in under 10 minutes.

Wide Range of Currencies:  They exchange a variety of popular currencies, including:

• United States Dollar (USD)
• Euro (EUR)
• British Pound (GBP)
• Indian Rupee (INR)
• Pakistani Rupee (PKR)
• And more

Safety Measures:

• Segregated Client Accounts: Your funds are safeguarded through separate accounts.
• Sufficient Paid-Up Capital: Strong financial backing ensures stability.
• Central Bank Guarantee: An additional layer of protection for your money.
• Yearly Inspection: Al-Patra Exchange gets checked every year to make sure they follow the rules and do business the right way.

Location: 2325 Hurontario St #17, Mississauga, ON L5A 4C7, Canada

Phone: +1 905-232-7872

Overall Note: Rates and services change, contact money exchangers directly for latest info.

Which currency exchange in Mississauga offers the best rates for CAD to Euro? 

Established in 2014, Mississauga Exchange Prime FX offers the best rates from CAD to EUR. Prime FX focuses primarily on currency exchange, prioritizing transparency and competitive pricing. Current data shows 0.68 CAD per 1 EUR, potentially better than the industry average. 

This means you get about 0.68 Euros for every CAD you exchange (but this could change). Their focus on customer satisfaction and potentially superior pricing makes Prime FX a strong contender for your CAD to EUR conversion in Mississauga.

Where Can I exchange Russian currency in Mississauga?

Sultan Currency Exchange in Mississauga provides convenient and reliable services for exchanging Russian currency. With competitive rates and a commitment to customer satisfaction, the Sultan Currency Exchange is a reliable option for individuals who wish to exchange their rubles. 

As of April 16, 2024, the Sultan offers a competitive rate of 68.13305 RUB per CAD 1. This favorable exchange rate, coupled with their efficient service, makes the Sultan Currency Exchange a top destination for anyone looking to exchange Russian currency in Mississauga

Where in Mississauga can I get a competitive exchange rate for foreign currencies? 

Remitbee Online Money Transfer & FX is emerging as a competitive currency exchange platform in Mississauga, offering transparent fees ranging from 0.3% to 0.6% per transfer. This translates to approximately $3 to $5 per CAD 1,000 of exchange and covers essential administrative costs with no additional fees for transfers over $500. 
Their exchange rate is surprisingly close to the mid-market rate, with an average exchange rate of just 0.5%. For example, if the USD to CAD exchange rate stands at 0.8, Remitbee offers a rate much closer to this, potentially saving users 70% or more compared to traditional banks. The straightforward online interface of the platform ensures a hassle-free and efficient exchange process.