How does Monex USA differ from a bank?
Monex USA is a specialist firm that only offers foreign exchange and international payment services. This specialization allows us to focus all of our resources on delivering exceptional service, price and value.
How is Monex USA different than another international payment provider?
There are primarily three things that differentiate Monex USA from these other institutions:
Our account managers provide a higher level of personal and professional service.
Our rates of exchange and prices are more competitive.
We are by far the most recognized international payment provider in main-line business media reflecting our superior market insight.
Is Monex USA licensed?
Yes. Monex USA has 49 state money transmitter licenses plus Washington, DC and Puerto Rico, that enable us to legally transmit money globally. We are also registered with the U.S. Treasury Department and the Canadian Department of Finance as a Money Service Business (MSB).
How do I pay Monex USA for a foreign exchange transaction?
There are various ways you can pay for your foreign exchange transactions with Monex. Electronic payment methods such as wire transfer and ACH credit are our preferred settlement methods. However, in order to make working with Monex as easy as working with your bank, you can authorize Monex to directly debit your bank account each time you do a transaction, thereby eliminating the need for you to initiate payment – we do the work for you. You can also fax a check to Monex that we will convert to direct debit.
How can I track currency market movements?
We help clients navigate the complex global currency markets in a variety of ways. Your Monex account manager is the first resource to assist you in tracking specific currencies, structuring appropriate solutions and executing transactions. Monex also disseminates daily market information through our Daily Market Insight, which we were the first MSB to establish for the middle market. Monex also produces more detailed monthly currency reviews for major currencies including the Euro, British pound and Canadian dollar.