Calforex operates on a sophisticated financial network that enables us to process payments worldwide, like any other financial institution.
ELECTRONIC FUNDS TRANSFERS (EFT)
Electronic funds transfer is a fast, convenient, and secure method of processing payment, or transferring funds electronically. EFT reduces security issues encountered with paper transactions, and with same day settlement, your payments can be made or received in a timely and convenient manner.
INTERNATIONAL WIRE TRANSFERS
Sending money via wire transfer either domestically or internationally is one of the most common and secure methods of money transfer. With Calforex, wire fees are significantly less than at the banks and can be done much quicker than most banks. If you want to get your wire to its international destination in a hurry, ask us about our same day wire service to many countries around the world (some countries same day service is not available).
AUTOMATED CLEARING HOUSE (ACH)
Automated Clearing House system is the primary electronic funds transfer (EFT) system used to make payments in the U.S. More and more often, wire recipients are receiving less than the original amount sent because banks charge incoming wire fees ($15 to $25). Payment through ACH (regulated by US Department of Treasury) ensures the amount sent is the amount received.
Calforex provides valuable cheque services for your convenience, including:
Convenient pick up from our Corporate Head Office or one of our 16 branches, Calforex ensures all U.S. cheques are drawn on a U.S. bank account and settled through the U.S. clearing house system, helping you avoid a lengthy international cheque settlement process.
SWIFT is a member-owned cooperative through which the financial world conducts its business operations with speed, certainty and confidence. More than 9,700 banking organizations, securities institutions and corporate customers in 209 countries trust them every day to exchange millions of standardised financial messages.
SWIFT only grants membership after a rigorous audit of each individual business. As a member of SWIFT Calforex is able to move money around the world in the quickest and most efficient manner available.