Dunbridge Financial international money transfers review
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- Minimum Transfer Amount
- $250
- Fastest Transfer Speed
- 24 hours
- Receiving Options
- Bank account
Summary
Set up multiple beneficiaries on your account and transfer money overseas quickly and easily with this integrated service.
Pros
-
Good for sending transfers to multiple beneficiaries or if you'd rather not pay fees to send money overseas.
Cons
-
Look elsewhere if you don't want to pay a margin on currency exchange rates or you need your transaction to process instantly.
Details
Product details
Product Name | Dunbridge Financial |
Pay By | Bank transfer |
Receiving Options | Bank account |
Customer Service | Phone, Live chat, Email |
Available Currencies | BGN, BYN, CNY, CZK, EGP, EUR, GBP, GHS, GTQ, HKD, HUF, IDR, ILS, INR, JPY, KRW, LBP, LKR, MAD, MDL, MWK, MXN, MYR, NPR, PHP, PKR, RON, RSD, SGD, THB, TJS, TRY, TZS, UAH, UGX, USD, UZS, VND, XOF, ZAR |
What is Dunbridge Financial?
Dunbridge Financial, a Toronto-based company, offers services like foreign exchange, international money transfers and mass payments to both businesses and individuals through their digital platform. They aim to make sending money overseas simple, low-cost and secure.
Pros and cons of Dunbridge Financial
Pros
- No or low personal fees. You’ll pay no fees to send personal amounts over $3,000 and only $10 per transfer for amounts lower than $3,000.
- Complimentary business transfers. Any transfer you make for your business will be free, no matter how much you send.
- Free cancellations. You can cancel your transfer for up to 24 hours without incurring a cancellation fee.
- Multiple currencies. You’ll be able to transfer money into over 20 different currencies with the click of your mouse.
Cons
- Margin on exchange rates. Dunbridge Financial adds a margin to your exchange rate to pay for the cost of its services.
- Long processing times. It takes between 1 and 3 days for Dunbridge Financial money transfers to process and there is no cash pick-up option.
- Photo ID required. You’ll need to upload your photo ID and a utility bill to sign up for an account and use the site.
- No mobile app. There doesn’t seem to be a mobile app, though you can use the desktop interface to execute transfers using your mobile device.
- Not available in all countries. Dunbridge Financial is only available in certain jurisdictions.
Dunbridge Financial fees and exchange rates
Dunbridge Financial charges the following fees for its personal and business accounts:
Type of account | Fees |
---|---|
Personal account | Below $3,000: $10 per transfer Above $3,000: Free |
Business account | All transfers are free |
Dunbridge Financial doesn’t advertise the margin it charges on its currency conversion. Just be aware that this number usually sits between 2% and 5% of your transaction amount, so be sure to factor this into your overall budget before you send money overseas.
What countries does Dunbridge Financial cover?
If you are interested in using Dubridge Financial’s money transfer service, an important thing to note is that it is not available in all countries and regions. Here’s a list of the jurisdictions it does cover:
- Aland Islands
- Austria
- Australia
- Belgium
- Bulgaria
- Canada
- Cayman Islands
- China
- Croatia
- Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- French Guiana
- Germany
- Gibraltar
- Greece
- Guadeloupe
- Guernsey
- Hong Kong
- Hungary
- Iceland
- India
- Ireland
- Isle of Man
- Israel
- Italy
- Japan
- Jersey
- Latvia
- Liechtenstein
- Lithuania
- Luxembourg
- Malta
- Martinique
- Mayotte
- Monaco
- Netherlands
- New Zealand
- Norway
- Poland
- Portugal
- Reunion
- Romania
- Saint Martin (French part)
- Singapore
- Slovakia
- Slovenia
- South Africa
- South Korea
- Spain
- Sweden
- Switzerland
- Taiwan
- United Kingdom
- United States
Dunbridge Financial transfers: Step by step
You can send money from your bank account with Dunbridge Financial. You simply load money into your “wallet” and then transfer it into whichever currency you want to send. From there, you can initiate the transfer in a couple of clicks once you’ve added your beneficiary.
- Upload money from your bank account to your Dunbridge Financial “wallet”.
- Click on “convert” to transfer your funds from CAD into the currency that you want to send.
- Add a beneficiary and supply contact details and banking information.
- Click “Pay” to select your beneficiary and initiate a transfer for whatever amount you want to transfer.
What do I need to send money online through Dunbridge Financial?
You’ll need the following to send a Dunbridge Financial money transfer:
- Dunbridge Financial personal or business account
- Recipient’s name and address
- Recipient’s bank name, location, account number and transit number
- Recipient’s international bank account number (IBAN), BIC or SWIFT code
How to track a Dunbridge Financial money transfer
You can search for the transfer you want to track under the “search” function in your account. You can also click over to the transactions tab (under “search”) to access a list of recently completed transfers without needing to search by reference number.
How long does a Dunbridge Financial money transfer take?
Dunbridge Financial money transfers take between 1 and 3 business days to process. Mainstream currencies usually process much faster than exotic currencies.
How does Dunbridge Financial compare to other services?
Is Dunbridge Financial safe?
Dunbridge Financial offers industry-leading security measures to protect your transfers and the safety of your account. This includes password protection and identity verification when you create your account, and encryption for all of your personal information and transactions.
- Security and regulation. Government-regulated and compliant with industry-standard security measures.
- Established. 2020.
Where is Dunbridge Financial regulated?
Dunbridge Financial is regulated by the Financial Transactions and Reports Analysis Centre (FINTRAC).
How to sign up for a Dunbridge Financial account
You can follow these steps to sign up for a Dunbridge Financial account:
- Visit the Dunbridge Financial main website.
- Click the blue “Register” button in the top right-hand corner.
- Select a corporate or individual account.
- Enter personal information such as your name, address, email and phone number.
- Upload required documents:
- Personal accounts. Proof of ID and address (using passport or driver’s license and a utility bill or bank statement).
- Business accounts. Incorporation documents and information about business structure and management.
- Click “Submit” to register your account.
Is there a Dunbridge Financial app?
There doesn’t seem to be a Dunbridge Financial mobile app. However, you can log in to the desktop interface on your mobile device to execute transactions.
How do I contact Dunbridge Financial?
You can contact customer service by phone at +1 (866) 862-3336 or email hello@dunbridgefinancial.com
Bottom line
Dunbridge Financial lets you send personal and business money transfers quickly and easily. You can schedule multiple transfers for current or future dates, and you can choose from dozens of currencies. You’ll also pay reasonable currency exchange rates and no fees for most types of transfers.