FX Services - Wholesale Banknotes
VBCE maintains an inventory of over 50 world-wide currencies, which is stocked on a daily basis. Our rates are better than financial institutions with no service fees. VBCEs’ experienced staff is knowledgeable and flexible in the wholesale banknote business. VBCE is number one in Western Canada and one of the top few in North America when it comes to rates, service, availability, and quick delivery.
There are several reasons for financial institutions, travel businesses, retail stores and other general businesses to deal in foreign bank notes. Some may say the banknote business has shrunk due to today’s advanced technology, but the need for banknotes has not diminished nor will it in the foreseeable future. Banknotes are widely accepted and the most straightforward form of payment. Retailers can in turn reuse banknotes to purchase inventory. Travelers need foreign cash when traveling abroad to pay for a taxi, food, or even tips and may not have the time to look for a bank or an ATM upon arrival. Many retailers prefer and will only take cash. Fees in foreign countries to exchange, pay by credit or debit card can be very expensive. It may depend on ones’ spending habits to decide how much foreign cash to take on their trip to a foreign country but it is best on average to have some foreign cash on hand.
VBCE’s wholesale banknote division means your institution can buy and sell foreign banknotes at better rates that will reduce your holding costs and make your firm more profitable in the long run. You will quickly learn that with VBCE, your needs will be professionally addressed in a timely and efficient manner.