Foreign exchange for business.
Import and export payments, supplier invoices by wire or Alipay, cheque cashing and cash management — with interbank pricing and a dealer who knows your account.
Business services
- Import & export payments Pay overseas suppliers and receive from foreign buyers — at interbank rates, on your schedule. Learn more →
- FX concierge A dedicated dealer who knows your business, your currencies and your deadlines. Learn more →
- Supplier invoice payments Pay supplier invoices anywhere: international wire (TT) or Alipay for suppliers in China. Learn more →
- Corporate cheque cashing Turn business cheques into cash or a transfer — without waiting on a bank hold. Learn more →
- Corporate cash management Bulk foreign cash, scheduled currency orders and large exchanges — counted, documented and ready when you need them. Learn more →
One account, every service.
Open a corporate account once and use any of our business services. We verify your company as FINTRAC requires, then quote, lock and pay on your instruction.
- Articles or certificate of incorporation and your business number
- Government photo ID for each director or authorized signing officer
- The names of beneficial owners holding 25% or more, as FINTRAC requires
- A short description of your business and the payments you expect to make
Business questions
How do I open a business account?
Call +1 416-500-6010 or send the form below. We'll ask for your incorporation documents, ID for your signing officers and your beneficial owners, verify them once, and you can start trading the same day in most cases.
Which businesses do you work with?
Importers, exporters, wholesalers, e-commerce sellers, professional firms and any company that pays or receives money abroad or handles foreign cash.
How much better than the bank is your rate?
Typically 1.5 to 2 percent better on CAD/USD, depending on the amount. On a 50,000 dollar exchange that is usually 750 to 1,000 dollars kept rather than paid away inside the spread.
Is Diplomat Exchange licensed?
Yes. Diplomat Exchange Inc. is registered with FINTRAC as a Money Service Business under MSB number M23907027, and follows Canadian record-keeping and reporting requirements on every transaction.