On February 18, 2025, the Group announced its decision to cease the operations of its wholly owned subsidiary, Exchange Bank of Canada.
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Canada’s Foreign Exchange Bank
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.
Exchange Bank of Canada (EBC) is a Schedule 1 bank headquartered in Toronto, Canada. We are wholly owned by Currency Exchange International Corp. (CXI), North America’s leader in foreign exchange services. CXI is a publicly traded company listed on the Toronto Stock Exchange (TSE: CXI) and OTC (OTCMKTS: CURN).
$13B
Transacted annually
1300+
Global clients
80+
Currencies
170+
Countries
Our Services
Wholesale Banknote Distribution
Serving domestic and international financial institutions. We buy and sell banknotes with a specialty in North American currencies.
International Payments
Securely send and receive cross-border payments. We proudly serve Canadian businesses and financial institutions.
Payments-as-a-Service
Embed cross-border payments into your banking platform through EBC’s robust and simple API suite.
Our Evolution
- 2011
- 2012
- 2016
- 2017
- 2019
- 2021
- 2023
Exchange Bank of Canada opens for business under its prior name, Currency Exchange International of Canada Corp., and establishes its Toronto Vault.
CXI Canada applies 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).
The 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.
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.
EBC’s Montreal office opens to efficiently service local client operations in Québec.
EBC is the first and only Canadian bank approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (FBICS) program.
EBC establishes its Montreal vault to better service financial institutions within Québec.
Exchange Bank of Canada opens for business under its prior name, Currency Exchange International of Canada Corp., and establishes its Toronto Vault.
CXI Canada applies 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).
The 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.
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.
EBC’s Montreal office opens to efficiently service local client operations in Québec.
EBC is the first and only Canadian bank approved to participate in the Federal Reserve’s Foreign Bank International Cash Services (FBICS) program.
EBC establishes its Montreal vault to better service financial institutions within Québec.
Let’s Connect
Speak with a member of our sales team about your foreign exchange requirements
