Move money across borders with someone you already trust.
Currency exchange and international transfers in RMB, CAD, USD and Mexican Pesos — handled personally, explained clearly, and fully documented. A FINTRAC-registered money services business in the Greater Toronto Area.
FINTRAC-Registered MSB · Registration No. C100001087 · Verify on the FINTRAC registry
Toronto-based. Licensed. Bilingual — 中文 · English · Español.
RMB · CAD · USD · MXN — one clear quote before anything moves.
Call 647.707.6568Two ways we move your money
Our Money Services
International Remittance
Cross-border transfers between Canada and overseas accounts, with every step documented — quote, instructions, confirmation and receipt. Ideal for family support, tuition, business payments and property-related funds.
Currency Exchange
Exchange between RMB, CAD, USD and Mexican Pesos with clear, upfront pricing. You'll always know the exact rate and total before anything moves.
Your mortgage broker and your money — under one roof
The Western Bay Difference
A FINTRAC-registered money services business, operated alongside a licensed Ontario mortgage brokerage.
| What matters | Typical big bank | Western Bay |
|---|---|---|
| Who you deal with | Call centre, different person each time | One licensed broker, directly — the same person handling your mortgage |
| Language | English-first, translation if available | Fluent English and Mandarin; Spanish-friendly service |
| Home-purchase funds | Transfer and mortgage handled separately | Transfer timing coordinated with your closing date and lender documentation needs |
| Pricing | Posted rate plus wire fees and intermediary charges | One clear quote confirmed with you before any funds move |
| Paper trail | Standard receipts | Documentation prepared with mortgage underwriting in mind — records lenders accept |
Rates and fees are quoted individually for each transaction. Nothing on this page is a rate commitment.
Five clear steps
How It Works
Consult
Contact Western Bay through an official channel below. Tell us the amount, currencies and destination.
Verify identity
We complete the identification and compliance checks required of every registered MSB in Canada. This step protects you.
Confirm your quote
You receive the exact rate and total in writing. Nothing moves until you confirm.
Send funds
Transfer per the confirmed instructions and share your payment confirmation.
Receive confirmation
Funds are delivered and you receive a complete receipt for your records — and for your lender, if this is a property transaction.
What you'll need
Be Prepared
Required documents
- Government-issued photo ID (passport or driver's licence)
- Complete recipient account details
- Source-of-funds documentation (e.g. bank statements)
- Purpose of the transfer
Good to know
- Larger amounts may require additional documentation — we'll tell you exactly what, upfront
- Quotes are confirmed in writing before any transaction
- Buying a home? Mention it — we'll align the transfer with your closing timeline
Frequently asked questions
Common Questions
Is Western Bay licensed to provide money services?
Yes. Western Bay (11269836 Canada Ltd) is registered with FINTRAC, Canada's financial intelligence agency, as a money services business — registration number C100001087. You can verify our registration yourself on the official FINTRAC MSB registry.
Which currencies do you handle?
RMB (Chinese yuan), Canadian dollars, US dollars and Mexican Pesos (MXN) — for both currency exchange and international transfers. Contact us to confirm your specific corridor.
Can you help with down-payment funds from overseas?
This is where Western Bay is different. Because we also arrange your mortgage, we know exactly what documentation lenders require for overseas funds — and we plan the transfer so your money arrives on time for closing, with a paper trail your lender will accept.
Why do you ask for identity and source-of-funds documents?
Canadian law requires every registered MSB to verify client identity and understand the source and purpose of funds. These checks exist to protect you — they are also why funds moved through a registered MSB carry a clean, verifiable record.
How long does a transfer take?
It depends on the currencies, destination and banks involved. We give you an expected timeline with your quote, before you commit — so there are no surprises.
How do I protect myself from exchange scams?
Only deal through the official contact channels published on this page, verify the MSB's FINTRAC registration before sending anything, keep written records of every step, and be wary of rates that look too good to be true.
Official channels only. Western Bay conducts money services exclusively through the phone number and email published on this page. We will never ask you to send funds to a personal account you haven't verified, and we never pressure clients to act before confirming a written quote.
Request a quote today
One conversation. A written quote. No obligation.
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andy@westernbay.ca · Greater Toronto Area