Shaun Newman Podcast - #1048 - Iva Slavtcheva

Episode Date: May 6, 2026

Iva Slavtcheva is a Bulgarian-born finance professional and Senior Business Development Manager / Global Partnerships Manager at Moneycorp Americas. She joined the company in 2014 and has played a key role in expanding its U.S. operations. With over a decade of specialized experience in foreign exchange (FX) and international payments, she focuses on helping individuals and real estate professionals with cross-border property transactions, expat relocations, and overseas living expenses. Watch the Cornerstone Forum 26’https://shaunnewmanpodcast.substack.com/Silver Gold Bull Links:Website: https://silvergoldbull.ca/Email: [e-mail] Grahame: [phone]Bow Valley Credit UnionBitcoin: www.bowvalleycu.com/en/personal/investing-wealth/bitcoin-gatewayEmail: [e-mail] Get your voice heard: Text Shaun 587-217-8500

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This is James Lindsay. This is Vance Crow and you're listening to the Sean Newman podcast. Welcome to the podcast, folks. Happy Wednesday. How's everybody doing today? A little look at the old Silver wagon 99-74 today. For those paying attention to the price of silver. And why don't we pull over to gold?

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They're a full-service wealth management firm that actually manages money, watching client portfolios daily, making real-time adjustments when markets change. And they see the same things you and I see. Massive government spending, rising instability, a lot of risking government debt. So they use tools like precious metals and commodities to help protect your purchasing power. They also follow closely what Martin Armstrong is saying. So if you're a fan of Martin Armstrong, they've been attending conferences of his and listening to his market reports. I don't know if that's what they're called, but regardless, his reports on things going on around the world, and that might align with you as well. So most importantly, they work with people, probably most importantly, I should say, they work with people who share their values, family, community, hard work, living within your means and personal freedom.

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That's how, you know, as the weeks and days, well, days, weeks, months, get it, get it right, Sean. Yours go on. That's the way that all of you can help support what I do on this end, trying to, not trying to, going to stay independent. But certainly the way, if you want to support what I'm doing, that's one of the ways. And as we inch closer to leaving for this year-long podcast on the road trip, certainly there's going to be some behind the scenes.

And I don't know, I'm going to have some fun with it, I think, on Substack. That's certainly where I'm going to be posting a heck of a lot more as we get things rolling. It's, you know, July 5th. It's right around the corner. and yeah I'm looking forward to it I think there's going to be a ton of things that we're going to find out on the road I think there's a lot going on from the back end of it and if you're interested in that make sure you subscribe to substack it's free to subscribe to you can also become obviously a paid member and support what I do on this side now um one final

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make sure you share it out to some friends and I don't know break us out of the old algorithm all right let's get on to that tale of the tape today's guest a senior business development manager

global partnerships manager at MoneyCorp Americas I'm talking about Eva Slavtrava so buckle up here we go Welcome to the Sean Newman podcast. Today I'm joined by Eva Slavchua. And I told you I was going to mess it up. I feel it rolling off my tongue. Slavchiva. You got it. You got it. Eva, welcome on to the show. How are you? I'm great. Thanks for having me. How are you?

Actually, you know, I was just saying like overall, really good. The weather here in Alberta in springtime is a little interesting. I'm ready for summer. I think probably all of us are. I'm sure Florida is just a touch nicer right now. I don't want to tell you, but it's perfect right now. It's perfect. 70s, 80s. That's why people move here. Come on over anytime.

Now, it's your first time on the podcast. Before we get into Money Corp and the things you guys help people with, tell us a little bit about yourself. Sure. Well, I guess I've been here for 12 years. So, gosh, that's a chunk of my life. but I love it. So time flies when you're having fun. I'm originally from Bulgaria. If you guys have ever been there, if you haven't, I suggest you go. It's a beautiful country, lots of history, great food.

I moved to the U.S. when I was a teenager and having gone through that whole part with my family, documents, immigration, new life, new start. A lot of my clients are doing the same thing so I can very much relate to all of those instances. And that's me. I've been, pre-money corp, my passion was horses, horseback riding, traveling, and then somehow that got me into financing currency exchange, which makes no sense. But hey, here we are. Before we get into finance, currency exchange, all that stuff, I am curious, how many years did you live in Bulgaria? So 12, yeah, 12 years. I grew up there and learned English there, which helped me once coming to the U.S. for sure. But it was difficult to move at that age. Don't recommend it.

Just on Bulgaria, because, you know, one of the things over here in the West, you know, like, I'm like, how many people do I know that have come from Bulgaria or have traveled to Bulgaria? I would say it's a small number, probably counted on one hand type thing. What can you tell me about Bulgaria? Well, as far as the food goes, because I always like to start there for my foodies, I would describe Bulgarian cuisine as like if Italian, Greek and Turkish cuisine, had a baby that would be Bulgarian food. It's quite delicious. We have mountains. We have beaches. We have history. We have something for everyone. And actually, a lot more people are discovering it.

I visit almost every year. And I'm hearing all sorts of languages around me. There's so much international investment. There's people moving there. There's corporations setting up headquarters there because you're part of Europe, but you're getting the cheaper end of being part of Europe. and everything is in English, like all the menus, everything you, everywhere you go, everyone speaks English. So it's very international, very interesting. It's changing a lot. If anyone's thinking of going, I would say go now before it, it really loses its, you know, traditional ways and values. So go soon. It's a great place. Small country. Still very affordable. Well, why move to the states back, or why did your family move to the states? Because, I mean, like,

you paint a nice picture of like, I mean, it seems every country at this point is starting to lose some of its traditional, you know, what makes, you know, with all the immigration happening everywhere, you know, when you go back to why did your parents bring you across? You know, it's the traditional searching for the American dream for a better life or better life for their kid. That scenario, you know, earn more money, have more opportunities, which especially back. then was true. The country has really changed over the last 20, 30 years. And actually, funnily enough, a lot of people that left back then are going back to Bulgaria now because it is nicer. There are more opportunities. You can make money. You can have a business. You can retire there if you've made your money in the U.S. So we actually do see a lot of people going back to just enjoy the country now. But for me, it was general, hey, let's go live the American dream and

have you have a better life, that type of thing. I mean, I'm okay with it. I'm not mad about it. It's funny. You come across and then, you know, now for the last 12 years working for Money Corp, right? Like you're dealing with people that are, I'll let you talk to it. But I assume, you know, for people listening, wondering how I stumbled into Eva, we met at McKell's conference, right, down in Panama.

And that group of people was eclectic, to say the least. Very interesting. A lot of people with a lot of world experience. and trying to navigate all the countries of the world, essentially. And that's where you slide in at Money Corp, right? Because now you're helping people, you know, on this show, we've had McKell on and others talk about having a plan B, right? Getting that second citizenship or having a passport to go elsewhere.

If a government starts to do things you're not okay with. Well, one of the things that, you know, on stage you started talking about, I should really have somebody, I should have you on to talk about it. It was talking about, you were talking about the money of it, right? Is like, how are you going to get your assets out of a country in a way that doesn't penalize you to the highest degree? And I guess, you know, it's interesting. You move and now you're helping people navigate that world. With Money Corp, walk me through it.

Walk in a person who's never thought about it, has planned out a plan B maybe, or is strongly considering it going down those aviourable. Where does Money Corp step in? For sure, I mean, we're, you know, it's the easily forgotten puzzle piece of the international movement. People line up their property, their investment, their real estate agent, their tax, their immigration. And then two minutes before closing or before the day of moving, they go, honey, how are we going to move our money? And then they usually go to the bank because it feels like the natural thing to do. And that's how banks really take advantage of you because they hope that you'll do that. and they hope that you won't shop around and compare.

But banks are not currency exchange specialist Money Corp is. We've been doing this since 1979. So we do help people save on their currency exchanges, plan for their large international payments really early on. It's a tailored service. We want to discuss what you're trying to achieve, when you're trying to achieve it by, what are different solutions we can help you with to maximize savings?

What's the market looking like? I mean, most people don't realize currencies are, alive. This impacts your budget. This impacts your motivation to move, to buy or sell, whatever it is the client might be doing. So really leaving it behind can backfire big time. And I have seen clients miss out on properties or pull out of a transaction because they don't have $20,000 or $30,000 extra, you know, sitting around if the exchange rate moves against you. So it's something that I so encourage people to plan ahead. I had three, six months, some of our clients, even one year before moving, it should be part of that process of can we afford this? Is this a good decision?

Should we lock in our exchange rate early on? So that's the part that our team really, really helps clients with. And going to conferences like McKells, it was fantastic to meet that group of people because that's the exact stage they should be considering it. You know, as they're considering where to invest, what to do, what is the legal, how do I get that residency or citizenship? The currency should be right up there with it because it can derail the whole plan if it moves against them. And we're living in a world where there's not a shortage of global events that could most certainly impact the Canadian dollar, the US dollar, the euro, you know, a whole basket of currencies.

So that's what we come in, help them plan, help them save and do a safe and secure transfer method. I would say if I'm hearing you correct, you know, like I'll probably put myself square in the camp of I've never really thought about this. I'd probably just go to a bank and be like, sure, I just need to change it over to American dollars or whatever it is. By going through Money Corp versus a bank, what are the differences? Like how does this work? Yeah, for sure. I can give you an example. Let's say you're Canadian, you're in Canada and maybe you want to invest. We can take Panama. We can take US as an example. But if you go to your bank, you're likely going to get a margin on the exchange rate, maybe two to three percent, maybe two to four percent margin

in Canada. Canadian banks are actually pretty fair when it comes to exchange rates in comparison to banks in other parts of the world. American banks take way higher margins, European banks as well, but let's say you'll be charged anywhere between two to four percent margin. You might also incur an international wire fee. Some banks charge it. Some banks don't. It depends on your relationship with your bank, but that could be an extra $30.50. If you're moving a large chunk of money for a property purchase or, you know, gold and visa investment, whatever you might be doing, that really adds up. Most clients believe that the cost of this transaction is their international wire fee and they don't really take into consideration the margin on the exchange rate. And banks really hope that you think that way as well.

They're not really transparent to sort of give you the numbers on a paper and say it will cost you this many Canadian dollars to get this many U.S. dollars. And at the moment, we'll give you this exchange rate. That moment rarely happens unless a client really pushes and asks the right questions and maybe you get sent to another person at the branch that specializes in this. But at the end of the day, they hope that you use them the day before. They could care less what exchange rate you're getting. You're another transaction for them. Like they want to get your money from point A to point B.

They'll perform the service. But as far as is it good timing for you, how much they're charging you? It's just sort of like click next. The difference between using Money Corp is we've, very much care. We want you to get the best rate, the best service. We want to educate you on it. In my opinion, you know, if you're a success, if I teach you how much this benefits you, then you tell all of your friends and family. The same thing. And, you know, the education spreads. I would say it's more education than sales anyway. I love it when clients say, you know,

I'm a bit nervous. I've never heard of you before. And I go, you know, that's totally fine. Here's some information on our company. I suggest you go to your bank, ask them for a life quote, and then just compare it with Money Corp. Let's just compare apples to apples. And when they make that comparison, it's when the wow moment, the aha moment comes because I love to see their reaction. They think we're talking about 100, 300 bucks savings. We're usually talking a few thousand dollars savings, especially when we're talking a large amount of money. We've done several comparisons. We do them every day, but generally speaking, let's say a $300,000 transfer, the savings between Money Corp and a bank could be, I would say, $4,000 or $5,000 if you're comparing with your

Canadian bank. If you're comparing with the U.S. Bank, if you're an American moving money from here, it's probably $7,000 savings on an amount of $300,000. So obviously, the larger the amount, the larger the savings. And some people hear this and they go, no way. No way, Eva, you're making this up. But I so encourage you to just go get a quote from the bank and compare. It's quite astonishing. Banks really hope and bank on the fact that you won't ask, you won't compare, you don't have time, you're maybe you're not aware that there's other companies out there that can help you and you're just going to use them. And that's how they get away with. Charging what they charge. Well, because people don't plan it out well in advance, right?

They're banking on it being the one thing they're leaving off to the very end. And if I, if I like, so does money corp, forgive me, because I know like, probably next to zero in this realm. I'm like, so does Money Corp act as a bank then? You transfer the money to Money Corp, and then you wait and watch the markets, and you're constantly updated.

Like, here's the best time to do it. They've, you know, the spread between a Canadian dollar and take any dollar you want in the world, wherever you're going. It's like, we just wait and we watch the markets. We have historical trends of what it could get you. Plus, we're going to reduce the fee on making that transaction.

I can give you a few examples. So first, the key difference between using Money Corp and using a bank is you'll get one dedicated currency specialist assigned to you as our client. As soon as you register, as soon as you open a Money Corp account, which is free, takes five minutes online, no obligation, no costs, no surprises. We're not a bank. We're simply an international payment specialist. So once you set up that account, we allocate a currency specialist to look after you. Clients really like that. They get one dedicated person. They don't have the call. an email with a new team member each time. They get to sort of build that relationship with their currency dealer. And then from that point, you just started discussing, hey, I want to buy a property in Panama. I have six months. This is my budget. Okay. So the currency dealer will start monitoring the exchange rate on your behalf and giving you updates on, is it moving in your favor? Is it moving against you? Are there any upcoming global events, economic events that might be impacting the rate? They'll give you that information. We have some clients that go, you know what, this is my target rate. don't call me, don't email me. When that rate hits, just transact for me. We can do it that way as well.

It could be as tailored, as personalized, or as automated as the client prefers. But once that exchange rate that you're happy with becomes available, we secure the exchange from Canadian dollar to US dollar for you right away. Then you fund your Money Corp account. You don't have to leave Canadian dollars on account with us for days, weeks, months, waiting on an exchange rate. It could stay in your savings account or investment account. When your rate hits, we'll book it for you and we'll wait for you to pay us the Canadian dollars. We then do the conversion. Now we're holding US dollars on account for you,

and we wait for you to tell us where to send that payment to. Most of our clients are buying a property, maybe buying a new development, investing in something. They don't often have a bank account in the recipient country that they need to send money to. They don't often need one either. A lot of people think, oh, I need to set up a bank account. Not necessarily.

I mean, you'll need one later on if you're living there. But if you're first investing in that country, it's not so easy to stroll in and open a bank account. You don't have any documents yet. You don't have an address. So Money Corp can directly send your payment to the closing, to the attorney, to the notary, wherever that money needs to go. And once you get established, then you have a proof of address,

then go ahead and set up a bank account. And MoneyCorp can be the vehicle to get funds into that bank account for living expenses. So we're never going to replace your need for a bank account, but we can help you to fund it. We can help you to make your investments. anytime pretty much you use Money Corp versus a traditional bank, their savings to be had. Yeah, so instead of 2 to 4%, it's going to be on the lower end of that? Yes, it's less than 1.

Less than 1% margin. No international wire fees, no surprise account fees. In your case, in Canada, we have a local Canadian dollar account. So our clients from Canada can easily fund their money corporate account locally in Canada. So that makes the transfer easier, cheaper, faster. we then convert from Canadian dollar to the currency needed, and we transfer that payment onto the recipient. For our clients in the U.S., same thing. We have a local U.S. dollar account in the U.S. and so on and so forth.

So we do partner and utilize different large banks around the world where we hold our client safeguard accounts, but you're under the Money Corp umbrella. So any funds you have on account with us are safe or guaranteed. I always explain it to clients in the most simple way, because safety is a big important thing. In the highly unlikely event that Money Corp goes out of business tomorrow and you have funds on account with us, the only thing that happens is that money gets sent back to your recipient bank account, or sorry, your originating bank account in full, or we transfer it to a recipient account of your choice. We can't touch it, invest it, move it.

It's not part of Money Corp's everyday operational expenses. It's completely segregated funds in your name that you hold on account with us. That's it. Nothing can happen to it. Am I safe and assuming you pay attention to currencies all the time then? Is that a simple way of putting it? So we have to. Thankfully, my job is more like travel to Panama, see you, do our presentation.

I'm a little bit more out and about out of office. I get to have a little more fun, but we do have other team members that are glued to the desk, three screens in front of them, watching rates move, watching, you know, global events, economic data, you know, anything can have an impact on exchange rates, plenty, especially recently. So yes, there's people on the team that do. Well, the reason I ask is, you know, like I assume like when my talk with McKell last week, we talked about it again on how many Canadians were there, right? In Panama, there was a ton of Canadians.

And I was thinking, you know, like when it comes to the Canadian dollar, we always compare it to the American dollar, right? And we're getting, I don't know, thumped is probably, you know, like it's not the easiest thing to just transfer everything over to American dollars. You lose a ton of money. And when I lived in the States going to college, out of the four years, and actually, maybe in my entire life, Eva, I go, there's only been one time where I actually made money by transferring to American dollars. We had one year in college, I think it's like 2009, 2010, forgive me folks on the year, where the Canadian dollar was over what the American dollar was worth. Now, the spread on the dollar has gotten, you know, like for a chunk of it.

time. It was, you know, 80 cents, something like that. And it just continues to worsen. And the reason I'm curious, you know, with all the Canadians not only listening, but who are in attendance, like do you see, or do your team see maybe is a better way to put it, that spread tightening up or it's only going to get worse? You know, you look at all the world events. And that's a tough question if you're not specialized in it. I have, I always have my currency dealers, my dealing desk that I go to for this. And we, and they do get a lot of reports coming left and right. But to be honest, no one has a crystal ball and it's an extra crazy year. I mean, we said that last year with tariffs. We're saying that this year as well. There's wars. There's never a dull year.

There's never a dull year, especially in the last few years since COVID. It's just been one thing after another. There used to be this moment where we were like US dollars, the safe haven currency. And then we could sort of track, you know, based on how crazy things got, how worse things were on the news that the dollar would go up and other things would happen. But in recent years, things have changed. are sort of saying the US dollar has lost its little bit of its safe haven energy. There's a lot more unpredictability. The market isn't reacting in the way previous years people saw it reacting. So it's getting harder and harder to anticipate certain movements and to predict certain things because things are really, really changing. Now, it depends on what our clients are

saying. If somebody says to us, I have to do something in six months and they're speaking with one of our currency dealers, I mean, unless something wild happens in the world, I don't anticipate something happening a six months that's going to really move the rate in your favor. If we have someone saying, I'm not doing anything for two to three years, obviously, we have a lot more time to plan, to watch, to see the bigger, the timeline, the easier for us to really be hands on and guide you through that process. One of the things that Money Corp offers is locking into a rate of exchange up the two years, you know, like I said, those tailored services where we're sort of targeting a rate for you, doing a watch order or limit order. Those can really work with clients that are early stages,

willing to wait it out to watch what happens. They want to be protected. They want that guidance and that handholding. For clients that call us and sort of say, hey, I have three days. Yes, we'll help you. Yes, we'll get you a better rate than the bank, but not too much monitoring of exchange rate we can do. As far as the Canadian dollar getting any better, any time soon, I don't want to give you any false hope. I don't know. I don't see anything that really is coming up. Everything is really just geopolitical risk right now, what's happening with war, and that's going to sort of trickle down and affect everything else. So I'm sorry I don't have better news, but I was just a surprise to see so many Canadians at the event. I previously did not attend the Panama event because I thought Americans buying in

Panama, dollar, dollar, there's no need for my services. And going to that event, it was packed with Canadian clients. There were a lot of Europeans as well. And I learned a lot as well about what's going on in Canada and I was very surprised, but it also made sense to see those numbers because we are seeing an increase from clients coming from Canada moving in all directions. We're also seeing in Florida, because Canadians love Florida. We have our snowbirds here. We're seeing them not buying properties, but selling the properties that they held in Florida for years and sort of either sending that money back to Canada because those clients are certainly making a good, you know, exchange rate profit there or they're investing in something else. So most of my Canadian

clients here locally are sellers at the moment. And for Canadian sellers, it's really, really important, again, to consider a service like Money Corp because you can get burned going backwards as well. Even though the exchange is in your favor, what a lot of sellers do is they go, hey, title company, just wire my money back to Canada. Thank you. And if the U.S. title company does that, bear in mind, it's a U.S. Bank in the background that they work with. And that U.S. Bank will take their high margin, they're high fees, and you're going to be sitting there doing some math a few days after you're closing wondering why you're missing a chunk of your proceeds. But it got lost in the fumble of the currency exchange. So whether you're buying or selling, I think a lot of people

forget about it on the seller side. Really, really important to consider the currency aspect and avoid the banks when possible. Well, I think a lot of people just assume it's the price of doing business. And what you're what you're showcasing is there's a better way to go about it, it's going to save you money. Yes, significantly. I mean, you worked hard for that property. It's your investment. You had it. But yeah, don't rush in the end. I see especially with sellers, they're so tired of the seller process. There's a lot of documents and tax withholdings and this and that. And they kind of just go, oh, I'm over it. Just wire my money. Keep it simple. But you can really save significantly on the seller side as well. So don't neglect that moment.

You know, we've talked lots about like people three days, three months, six months. And then you kind of partially answered what I was thinking about. Is there, like, obviously signing up for the app and being free, you could just sit there, monitor exchange rates yourself. But do you have clients that work, like, longer term? They're like, well, what I want to do is over the next five years, pay attention to this so that we know when the time to pull the trigger is. Like, is that a thing Money Corp does?

Or is it more like a year or less? I know you mentioned that there's a two-year locking in way of going about things. I would say five years might be pushing it a little bit. Those might be some extra good planners. Not to say we'll turn them away, absolutely. But I would say that might be a little too early. I would say in the two to three-year stage, and I meet a lot of clients at different conferences or they get introduced to me from someone.

And they're in that, you know, we're going to retire soon or we're thinking of moving this and we're thinking of buying that. That's perfectly fine. That's a great time to start learning about Money Corp, know that the service exists, know all the things you can do because most clients don't know that you can lock in. Most clients don't know that you can buy and hold currency when the market is favorable. Everyone just sort of assumes it's something you do when you need it, last minute, when you have to pay for something, which is not the case. So I would say two to three years is a perfectly good time to start. With recent global events, I've had a lot of clients initially reach out to me and say, Eva, we're going to be.

to do something in two to three years. I give them some intro on our services and they say we'll be back in a few months with you. And then usually I get a phone call back saying, okay, I know we said two to three years, but considering certain global events, we think we're going to go now. So a lot of people have really shortened their timelines and are just going for it. Whatever they were planning on doing, retiring, moving, investing, they're doing it now. They don't want to wait any further and see what the market does or see what happens in their country. I'm seeing this sort of global movement in all directions. It's really interesting. Prior, I would say a few years back, we always were able to tell on our team, this is the current trend. This is what people are doing.

And right now, it's literally all directions. I cannot say all of my clients are doing this or most of my clients are doing this. Everyone is sort of unhappy. I'm seeing clients from England moving out, clients from Europe moving out, clients from America moving out, clients from Canada. I mean, everyone is going in different directions. So this is really important. considering current events, and it's something everyone can use no matter what their payment need. Yeah, the current trend is interesting, right? Because that's what I took from McKell's conference, once again, to bring it right back to it. It's, you know, sure there was a lot of Canadians, but there was people from all over the world,

and they all had similar stories. And I, you know, on this show, we've talked to a lot of different geopolitical figures who've talked about it. It isn't just in Canada. you think it's just where you're at. But if you actually talk to people from further out, it's all over the world. People are unhappy with what's going on, and they're trying to find different landing spots

to get away from some of those things. In the trends, then, what you're saying is, although it's coming in from all over the place, they're not all landing in one specific spot. Yes. I mean, I'm in the U.S. And I would say the big trend I was seeing were Americans moving out. And, you know, I've heard,

their list because we talk with our clients. I've heard their reasons. It's everything from political to safety to cost of living to everything in between. And then I spoke with a lot of the Canadian clients at the Expo heard their reasons. Speaking with the European clients, I mean, some things are similar, but some things are very different. And I think it's interesting because especially in the U.S., for example, because I'm here, we're so focused on our issues and our country and what's happening. And you kind of think the grass is greener on the other side. So you just want to jump ship and go there. And I think once you land there, you're seeing it through rosy eyes. You know, a lot of Americans, for example, I see are moving to Paris to France or moving

to Portugal or, you know, Italy. That's a, that's a big transfer. We're seeing a lot of USD to euro payments. And they're super happy there. They're finding it obviously much cheaper in comparison to the U.S. They're getting their residency. They're excited. And on the flip side, the Europeans are like, I'm getting out of here because here's my list of reasons that are making me unhappy and they're coming this way. But I think it's a little bit of, you know, you're so focused on your own problems and very much the grass is greener on the other side moment. Great for our company, I guess. We'll move your money in every direction. Can an individual move a chunk of money? We'll stick to Canadian dollars for all the Canadian

listeners. Can they put money into a different currency? with you and just leave it there or do is that not something money corp does right because i like as you're monitoring the the the currencies and where they're going and you're let's just say in this hypothetical situation you're sitting there and you're going the canadian dollar i don't know if it's getting any better anytime soon what i'd like to do is i'd like to put it into whether it's american dollars or pick your country and then leave it there for you know whether it's a year down the road three months down the road i don't know the timeline is that something a listener is like, you know, I don't know if I have a plan of moving to Panama tomorrow, but I would like to get some of my money on a different currency in a meaningful way. Is that something to do?

We can. We do it for some clients. I would say most of our clients have a reason for transfer. They have an end goal, whether it's a property or investment of some sort. But we can. If somebody is simply like, I want to convert my Canadian dollars into Swiss francs or US dollars, whatever it might be, we'll certainly do that conversion and hold it for you and that other currency. Now, bear in mind, while it's on account with us, whether it's in Canadian dollar or any other currency, you're not earning interest on it. We're not earning interest on it either. So it's just sitting there awaiting the client's instruction on where ultimately they want that money to go to. Now, we have clients, for example, with Swiss rank. A lot of clients really like the Swiss rank. They find it a safe haven currency. They feel comfortable. So we have, had a lot of clients purchase Swiss francs and sort of leave it on account with us or even open

a bank account and then transfer the transfer it's there. So that part absolutely we can do. What we cannot do is sort of day trading. You know what I mean? Currency movements, taking advantage of this rate today, that rate tomorrow. There's other platforms that do that. It's perfectly legal. It is a little bit of a gamble, but it's perfectly legal. But we don't support that. So if we do see a client sort of performing those back and forth trades on a Money Corp account, we will need to close it. That's not what our services are meant for, but a long-term investment for a different currency, sure, we can definitely do that. Well, I guess if you look ahead next year, maybe two years, what strategy, if you have somebody

that's strongly considering, if you go back to then what your client is, your client's like, basically, I'm leaving, whatever country it is, I'm getting out of here. Mm-hmm. What would you tell them to do, well, roughly today, I guess? Well, I know it sounds very cheesy, but really do your research. I mean, first of all, a lot of clients are asking me, where's the safest country to go? You know, and everyone can have a different opinion out of several clients at the expo in Panama asked me that question. You know, where would I move?

I'm a little bit in a good position because I have two passports. So I can jump here or jump there if I'm unhappy. but I would just say really, really just do your research so that you don't end up moving more than once or twice, which I've had some clients do. Also, don't follow like the hype. You know, a lot of clients sort of look up golden visa and, you know, everyone's moving to Portugal. Just do your research. That might make sense for your friend who did it. It might not make sense for you. So I would encourage people to really sit down if they're looking for another residence, you're another citizenship, and sit down with a consultant, sit down with somebody that really can lay out all the options in front of you

and discuss what you're trying to achieve so they can give you most tailored results. So start there, figure out the country piece. And then once you sort of have a path in mind, then start lining up the currency, you know, the legal, the tax, you know, the structuring of how you're going to make your move or your investment because that can really backfire as well. Oh, my friend did that or, you know, my local attorney told me to do this. No, they don't know anything about the laws in the country that you're moving to. You might love and trust the people that have helped you in the past, but if you're moving to Panama or Portugal or Spain,

you need to be talking to people in that country that specialize in things that are happening in that country and that focus on, you know, Canadians specifically. So you can understand both sides. So that's the biggest things. I think our clients get excited or they get spooked by current global events and they make rash decisions. And then that can also backfire. You know, I don't want you to have to move your money twice in your life twice.

So just really, really do your research, work with professionals that know how does process works, that have helped others and start there. Just don't just do a Google search or a Facebook group thing. Like really, really look for professionals. We don't encourage doing your own research on this show. We just blindly follow. Yes, I would say that's the important part because I see it a lot. I see a lot of people that go, oh, I shoulda, woulda, coulda, you know.

Well, even going through Money Corp, you're going to spend money, right? So anytime you're doing a huge move, you're going to lose some of your wealth in the process. So you're hammering home the point, I think, very well that like before you do get down this road, make sure you know where you're going, why you're going, what you're looking for. And there's plenty of different people out there that have lots of great advice, lots of great knowledge on different subjects. And you're reminding, I hope, the listener as well as me, you know, it's not as just simple as, oh, I move the money and it's all done, right?

Like there's a lot of legal that goes into switching over to a different country, different currency, a different tax system, all the legalities that go into it. It's a process. And you have to do it right. And I mean, from there's so many little pieces that things don't think about, how much can I move out of my bank per day? You know, I think a lot of people don't think about it until they have to. And when I tell this to a client, what's your daily limit? They kind of go silent and they go, I don't know because I've never moved that much money.

And I go, well, that's really important. Let's start there. Let's check on that. You know, maybe you need to go be present at your bank in order to move an amount over X. and most clients sort of hop on the plane, do some research, find something they're excited about, and then they get surprised that they can't log in and press a bunch of zeros and press send. I mean, that usually only happens in movies. But you do, there's a lot of anti-money laundering.

There's a lot of security. You have to really plan for this the right way because it's not as simple as click your fingers and transfer hundreds of thousands of dollars. I chuckled because I just, you bring up the movies. I was, I watched a, I don't know, not a great movie the other night. And that's exactly what happened, right? They stole like millions of dollars by like just a couple keystrokes. And I'm like, I can't get like a thousand dollars out of my account these days without, you know, almost handing over my firstborn child.

I don't think that's the way it works in 2026 anymore. You can move large sums of money with a keystroke. No. The limits are getting smaller and smaller, and we find oftentimes, and you have to be present at the bank to do a little signature to show your ID. And a lot of clients get really upset over that nowadays. Maybe they don't have their bank nearby. Maybe they're already traveling. So these are definitely things to think about.

And also, what's the name of the account? This one gets overlooked all the time from my clients that have their businesses, their corporations, their LLCs, their trusts. It can get really tricky if you move funds from an account that's not in your performance. personal name, but then you're investing in something under your personal name or you're taking title under your personal name. And again, it's something people always go, what does it matter? It's my money. Who cares where it comes from? Well, the recipient very much cares. Usually the developer, the attorney, the company that you're investing in, usually they care. So it's really, really important to have that smooth origin and flow of funds moment. And again, our team gets very

involved with every step of the way. So we're really going to babysit, ask all the questions and hopefully set you up for success. So there's no surprises later. I feel like you'd have to babysit me. That's just a fair assumption. If people want to find you. So like is it like when you say it's a free, I think you said it's a free app. Like are we just talking to go on your iPhone or your smartphone folks? And I know we're not all iPhone users. And is it like just simply. a MoneyCorp app or is it a little more you got to go to a website here's where you send people well we do have a website um i do always most of my clients come to me directly they will type me an email send me a text message and i can share all my contact details most clients really

have want to discuss their own personal needs before they set up which i think makes total sense you know just to see this this makes sense for me am i starting at the right time so i'll i'm always happy to have a discovery call chat Zoom Teams, whatever, WhatsApp, to really just learn what you're trying to achieve and sort of point you on to right direction. From that point on, I send the client a little email. Here's what we talked about. Here's things that apply to your payment needs. Here's a link to register. You can always go online and register. It's not, there's no cost, no catch. You can go on MoneyCorp.com and open an account.

For Canadian clients, it will ask you for two pieces of information. One is proof of ID and one is a proof of address such as a utility bill or something showing your address. It'll give you a few examples. You don't have to maintain a balance in the account. It could just be there and ready sort of waiting for you to use it when you need it, but you instantly have access to the currency specialist. So they'll just send you an email introducing themselves and they'll say when is a good time to schedule a chat. And if you want information on the Canadian dollar, if you want to discuss your plans, your upcoming payments, your future dreams, they're there for that. If you want to set up some rate alerts, some watch orders to sort of target a future

exchange rate, they can help you with that. So you can start the process and then see what goes on from there. A lot of clients set up the account in preparation for a trip. Like if they know they're going to go to Panama or another country and they're going to explore, you know, investment options, they'll set up the money corporate account prior, go have a look around, get some numbers, and then go back to their currency dealer and say, okay, here's the amount in US, I'm looking at, what is the true cost for me in Canadian dollars? And that sort of gives them a reality check a little bit. Like, here's what it really is costing for you in your home currency. So a lot of our clients like that. And then they just keep in touch with us as their plans change,

progress. And we're just there to really guide them every step of the way. Well, I know on where I sit, it's interesting the group of people that I know there's lots of people, you know, when I was in Panama, you know, I'm sitting there after a red eye, and I probably looked like I've been hit by a bus. And I'm just like I'm just, I'm just out of it. And then people started talking to me and I look around. I'm like, holy crap, there's a ton of Canadians. And they listen to the show.

And so one of the things I thought while you were sitting there talking, did everybody go to Panama that this is a show? Obviously not. And I'm like, oh, this is really good information to just give them. in their tool belt as they explore this idea. I don't wish for Canadians to leave, but I know there are tons that are trying to do it, want to do it,

want to explore the idea. And I think like when I listen to you on stage, I'm like, this is another piece that if you're going down this road, you should just explore because it's going to happen. If you do leave, you need to navigate this problem, I guess, or situation.

And so I guess I come back to it. So the best way to do this, I think other than going to Money Corp and maybe setting up an account would be to reach out to you direct. Is that what I'm hearing, Eva? Yes, reach out to me. Send me an email. Send me a call. We can schedule a Zoom or whatever method of communication you like. And I so welcome it. I really like the personal touch. I'm not stopping clients from going online and registering, but that's kind of how Money Corp is different. I would say there's a lot of different apps and a lot of different international payment companies and everything is just click here, do this. I'm a little old school

in that way that I really just want to say hi. I want to learn what you're trying to do. We welcome the call. If you call our team, people actually answer the phone and they're real humans, which surprises some people even to the same. It isn't an AI phone call system? Nope. It is real people answering the phone and having real chats and we really welcome it. It's funny, actually, some clients develop such a close relationship with their currency. dealer that they'll call sometimes. And I mean, once in a blue moon, I go, hey, I'm sorry, your currency dealer's on vacation today or out sick today. Would you mind if I transfer you to someone else? And they're like, absolutely not. I will wait. And I'm like, well, I don't want you to

miss out on an exchange rate. You know, I'll happy connect you with another team member. And they're like, absolutely not. I need to talk to him tomorrow. We need to catch over golf. We need to discuss this. You know, they become buddies. And they don't want to just talk about exchange rates. So yeah, I welcome you. You know, I encourage you send me an email, even if you're not sure. of your plans yet. I'm happy to have a chat and maybe give you a little piece of information or two that you didn't consider otherwise. Yeah, send an email. I'll say that's best. Where can they find your contact details? Do you want to share those with me? And then if they just text me, how would you like to, what's the best way? I'm happy to share them with you.

Maybe I don't know if there's anything we can put at the end. It's eva. slashjvat moneycorp.com. good luck spelling my last name. You can find me a linked in if that helps people. I'm also on Instagram, Facebook, whatever way you want to reach out to me. I would welcome a message. To the people who try and spell your last name and then realize they have no idea who they're trying to find. You can text me. I can also put it in the show notes so that there's something to go down to. Show notes. Perfect. Yes, because I'm like, well, folks, I try and pride myself in pronouncing people's names and not that you've had, it was a challenging one. It was a challenging one. You got it. It was good. Well, I appreciate you hopping on. Is there anything that I've, you know, glazed over or

any final thoughts you have for the audience that you want to share? It's just a pleasure to be here. I think you're, I think this is the third podcast I've ever done. So thank you so much for having me. And I love just teaching people about this. So if anyone listening, just learned a little new nugget of information that I'm happy. My day is made. And I just welcome any comments, any thoughts. And I'm actually headed your way to Canada in a week. You guys are having a really big real estate conference, Realtor Quest in Toronto. So I will be there in Toronto. Yeah. If there's any Toronto listeners, I will be at Realtor Quest, I think May 13th and 14th. And I'm actually speaking on stage. I guess they thought it was cool enough. So I am, I will be on stage talking more about this.

to a lot of Canadian real estate agents. Is there anyone out in Ontario that is wondering how you do on stage? I was, I was impressed. Because like once again, you were talking about something. I've heard a lot of, about a lot of different subjects. And I found that this one was something I knew very little about, but it's obviously very important if you're going down the road of investing in a different country or leaving to go to a different country, right?

Trying to get your wealth out of your current country to the next one is important. And I think if you're going through those steps, people don't want to pay extra money, and they're going to find out there's money going to leave your pocket to do that. So to save a few dollars is important. Let's beat the banks. Save your money. Eva, thanks for hopping on. Thanks for having me. Pleasure.