Who we are
Exchange Bank of Canada (EBC) is a Schedule 1 bank headquartered in Toronto, Canada. We are wholly owned by Currency Exchange International Corp. (CXI) a publicly traded company listed on the Toronto Stock Exchange (TSE: CXI) and OTC (OTCMKTS: CURN).
We specialize in foreign currency exchange and international payment services to financial institutions and corporations. These services include banknote foreign currency exchange, foreign currency hedging, domestic and global electronic funds transfers, and international wire transfers.
Canada's Foreign Exchange Bank
EBC's Client-First Approach
EBC prioritizes relationships. We take a personalized approach to every client beginning with:
- Understanding your business’ payment and FX needs
- Educating you on the nuances of foreign exchange to build a foundation for an FX strategy
- Setting up a tailored international payment solution that caters to your needs
Join EBC today to:
Meet your dedicated FX industry veteran and currency specialist
Design your own customized hedging strategy to lock in FX rates and reduce your transaction costs
Upgrade your foreign exchange and international payment services
Experience EBC’s commitment to the highest level of customer service
Why We Do What We Do
Our History
Since its inception in 2016, Exchange Bank of Canada remains the only Schedule 1 Bank in Canada specializing in foreign exchange. Prior to becoming a bank, EBC was known as Currency Exchange International of Canada Corp. (CXI Canada). CXI Canada grew significantly through its history due to its excellent service, pricing, and proprietary technology.
2021
-
EBC is the first and only Canadian bank approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (FBICS) program.
2020
-
EBC closes its acquisition of the assets of a Canadian international payments business with 24 years of operations in the Province of Québec. Assets include approximately 400 corporate customers engaged in international payments.
2019
-
EBC's Montreal office opens to efficiently service local client operations in Québec and in preparation of its upcoming acquisition.
2017
-
EBC joins SWIFT to expand its global payment capabilities. The SWIFT network is the world’s leading provider of secure financial messaging services with more than 10,800 financial institution members worldwide.
-
EBC's corporate FX trading desk opens in Toronto providing live trading support and market analysis.
2016
-
Minister of Finance approves the continuance of Currency Exchange International of Canada Corp. as Exchange Bank of Canada in English and Banque de change du Canada in French.
2012
-
CXI Canada files application to continue as Exchange Bank of Canada in English and Banque de change du Canada in French, a new Schedule 1 Bank in Canada.
-
CXI Canada's parent company, CXI, completes its Initial Public Offering (IPO) on the Toronto Stock Exchange (TSX).
2011
-
Currency Exchange International of Canada Corp. opens for business and establishes its Toronto Vault.
2021
-
EBC is the first and only Canadian bank approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (FBICS) program.
2020
-
EBC closes its acquisition of the assets of a Canadian international payments business with 24 years of operations in the Province of Québec. Assets include approximately 400 corporate customers engaged in international payments.
2019
-
EBC's Montreal office opens to efficiently service local client operations in Québec and in preparation of its upcoming acquisition.
2017
-
EBC joins SWIFT to expand its global payment capabilities. The SWIFT network is the world’s leading provider of secure financial messaging services with more than 10,800 financial institution members worldwide.
-
EBC's corporate FX trading desk opens in Toronto providing live trading support and market analysis.
2016
-
Minister of Finance approves the continuance of Currency Exchange International of Canada Corp. as Exchange Bank of Canada in English and Banque de change du Canada in French.
2012
-
CXI Canada files application to continue as Exchange Bank of Canada in English and Banque de change du Canada in French, a new Schedule 1 Bank in Canada.
-
CXI Canada's parent company, CXI, completes its Initial Public Offering (IPO) on the Toronto Stock Exchange (TSX).
2011
-
Currency Exchange International of Canada Corp. opens for business and establishes its Toronto Vault.