US Dollars / Canadian Banks?
Which Canadian sandbank give the best exchange rate on US dollars?
Are at hand other option besides bank that I should look at? I gain compensated contained by USD but live contained by Canada so while the amounts aren't huge its a few thousand dollars a month.
Also, what in the order of lump sum conversions from Canadian to US, any other option besides bank that I should be looking at for best rates?
Answers:
If I be you, I wouldn't use the bank to exchange US dollars. They are adjectives pretty much matching; they adjectives use a 200-400 point spread. Sure, the bank are better than the Airport or the rip-off exchange booths on Yonge Street, but if you are getting rewarded regularly within US dollars, you can do better.
I own used Friedberg past. They own a 100 point spread or even smaller quantity. You can haggle near them, especially on immense lump sums. They seem to be to own closed their dosh desk, disappointingly.
If you don't live contained by Toronto, or you of late don't want to run to exchange the money within human being, you could check out Cambridge Mercantile. I've never used them, so I don't know if they are any virtuous or not. But it looks approaching they extend adjectives services as powerfully as better rates than the bank.
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Are at hand other option besides bank that I should look at? I gain compensated contained by USD but live contained by Canada so while the amounts aren't huge its a few thousand dollars a month.
Also, what in the order of lump sum conversions from Canadian to US, any other option besides bank that I should be looking at for best rates?
Answers:
If I be you, I wouldn't use the bank to exchange US dollars. They are adjectives pretty much matching; they adjectives use a 200-400 point spread. Sure, the bank are better than the Airport or the rip-off exchange booths on Yonge Street, but if you are getting rewarded regularly within US dollars, you can do better.
I own used Friedberg past. They own a 100 point spread or even smaller quantity. You can haggle near them, especially on immense lump sums. They seem to be to own closed their dosh desk, disappointingly.
If you don't live contained by Toronto, or you of late don't want to run to exchange the money within human being, you could check out Cambridge Mercantile. I've never used them, so I don't know if they are any virtuous or not. But it looks approaching they extend adjectives services as powerfully as better rates than the bank.