Due to the outbreak of COVID-19, to ensure the safety and well being of our valued customers and staff all VBCE retail branch locations will be temporarily closed until further notice. For existing clients, between 8:00am - 3:00pm PST Monday - Friday we have reduced our FX services to electronic transfers and precious metals pre-orders (minimum order of either 100 oz silver, 5 oz gold or 5 oz platinum with payment by electronic funds). You can contact your trader directly, email info@vbce.ca or call 604-685-1008 to be referred to a trader. Our VBCE online services are unaffected and the online platform is processing trades as usual. For further information regarding our online services please visit www.vbce.ca/online. For inquiries regarding the online platform, please email fxonline@vbce.ca.
×

International Language Schools & Student Agencies


Each morning, VBCE posts current exchange rates on its website, which makes it easier for language school administrators and student counsellors to provide up-to-date information to their students.

Helping your students


Foreign students can exchange their money in person at VBCE into CAD to pay for their tuition. They may also arrange for their financial sponsors to have funds wire transferred to one of VBCE's many foreign currency accounts. The funds can then be converted into CAD and forwarded to the school or the agency. Many schools instruct students to transfer funds to the school's Canadian dollar account. In this case, either the sending bank or receiving bank sets the exchange rate which is generally less favourable than rates offered by VBCE.

Receiving tuition in a foreign currency


Language schools receiving tuition in a foreign currency may open a business account with VBCE. School administrators will find that by dealing with VBCE, they will see a noticeable increase in tuition revenue as a result of better foreign exchange rates.

Wire Transfers


Student agencies may have payments from their students transferred to VBCE to be exchanged into CAD. Some agents ask that students wire transfer funds to VBCE and have the students pick up the exchanged funds once they arrive in Vancouver.

Accumulate and exchange


Some agencies will have students transfer funds to the agent's own foreign currency account. Once funds have been accumulated from several students, the agent will exchange into Canadian dollars through VBCE.

Dbfd680172

We speak your language


Our multi-lingual Specialists can help you, whether or not English is your first language. Contact us at 604-685-1008 for assistance.