Best Way to Send Business Payments in Foreign Currency

While sending money isn’t as easy as writing an email just yet, the platform we have built at Curexe is pretty close to being that easy.

After Creating Your Account simply log in and click the Transfer Now Button.

In 5 simple steps after transfer now, your transaction will be complete.

1) Enter the Amount and Currencies of the Transaction

 

It’s a pretty straight forward process with us.

There aren’t any hidden fees, no asterisks or fine prints to beware.

Curexe only charges a 1% fee of the total amount sent.

You can either choose how much you need to send, or what most people do: type in how much the person who receives the funds gets.

The other side will populate automatically.

Feel free to use our Compare Rates function to compare our rate with your banks rate.

 

2) Fill in Recipient Information

Fill in this information once and select the business or person from a drop-down menu for every other transaction.

Adding a new recipient is as simple as filling in the information on the recipient information page.

 

3) Fill in Sender Information

Filling in the Sender (Your) information is very straight forward as well, you only have to upload your personal ID once and the system will securely store your data.

 

4) Confirm Order 

 

Confirming the order is as simple as agreeing to our terms and briefly describing a reason for the transaction. Wire Reference is optional.

 

5) Connect To Your Online Bank

 

You will either wire transfer the necessary funds for the transaction to our Curexe Bank account or the much easier option to connect to your online bank.

 

 

After connecting to your online bank the transaction is complete on your end.

In most scenarios the funds will be wired to the destination in 48 hours.

A simple 5 step process that takes about 2 or 3 minutes to complete..

Sending foreign payments may not be as easy as sending an email just yet, but it’s pretty close.

 

How to Save Money on Currency Exchanges: (CAD and USD)

How can I minimize my losses and even strategically gain on Foreign Currency Exchange?

Statistics in our article have shown that there are better days of the week to exchange currency to increase savings for your bottom line by as much as $134,058.35!

Exchanging currencies on the date your invoice is due or whenever you feel like it could lead to you missing out on possible savings! Follow our strategies and save.

We analyzed 10 Years Worth of Trading Data to Determine a Formula for Saving Money

The trends in this data led us to the best days of the week to exchange currencies.

The Idea of the Case

Many of the businesses we service make payments on the 1st business day of each month.

We wanted to find out if there were better times to make these payments based on the daily exchange rate fluctuations.

All data is based on a business that exchanges $100,000 each month.

The impact this study brings for your business is relative to the size of your monthly currency exchanges. All numbers are displayed in Canadian Dollars (CAD).

Here were our findings..