I plan to take a 50 thousand us dollars with me , the next day i will put in bank , so my question is :
Which is the best way to deposit us dollars in canada without losing money in the exchange ?
- is opening a US dollar bank account is a better idea than depositing the money in Canadian account and getting the bank exchange fee ( which is usually low ) at least to my knowledge
- do you recommend i do the exchange at an exchange office outside the bank and then deposit it ??
- I checked for canadian and US forex(exchange sites ) and unfortunately they dont do transfers from my country in the middle east ?
No Toronto initially , do you have idea how much difference between exchange offices and banks there is in regards to exchanging US dollars to Canadian dollars
No Toronto initially , do you have idea how much difference between exchange offices and banks there is in regards to exchanging US dollars to Canadian dollars
I asked the city because I know here in Montreal an exchange office I went 3 weeks ago with great rates. For every $1K you could save easily $30 and more.
I plan to take a 50 thousand us dollars with me , the next day i will put in bank , so my question is :
Which is the best way to deposit us dollars in canada without losing money in the exchange ?
- is opening a US dollar bank account is a better idea than depositing the money in Canadian account and getting the bank exchange fee ( which is usually low ) at least to my knowledge
- do you recommend i do the exchange at an exchange office outside the bank and then deposit it ??
- I checked for canadian and US forex(exchange sites ) and unfortunately they dont do transfers from my country in the middle east ?
Open a US bank account, it's easy. Wire transfer the funds to it, it will only cost you like $50. Do not exchange at the bank, their rates are high. In Toronto, check out Kantor, they have competitive exchange rates.
What do you you mean you can't wire transfer from your country? Yes you can.
I plan to take a 50 thousand us dollars with me , the next day i will put in bank , so my question is :
Which is the best way to deposit us dollars in canada without losing money in the exchange ?
- is opening a US dollar bank account is a better idea than depositing the money in Canadian account and getting the bank exchange fee ( which is usually low ) at least to my knowledge
- do you recommend i do the exchange at an exchange office outside the bank and then deposit it ??
- I checked for canadian and US forex(exchange sites ) and unfortunately they dont do transfers from my country in the middle east ?
