daught
Well-known member
Where could I get the best rate for about $5000 USD cash?
CAD to USD cash
- Thread starter daught
- Start date
Global Currency usually has good rates
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I am with TD and when I need US cash last, the teller told me Id get a better rate if I opened a US funds account. So she opened one for me, did the exchange at the better rate, and told me to close the account after so I didn't have to pay any monthly fees for the account ....Nice!
I am sure there are better rates outside of the average bank, but I just didn't want to spend time driving around for a small percentage. Was not $5000 like your case
I am sure there are better rates outside of the average bank, but I just didn't want to spend time driving around for a small percentage. Was not $5000 like your case
daught
Well-known member
They definitely have better rates than TD. Thanks. In case I did not need the money TD buy back rate would have been terrible. I might sober up and realize a US C5 allroad is a terrible idea.
A few years ago I got a really good rate at a casino. Next time I tried it it they refused to do it without playing.
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As the amount of currency goes up, it can be advantageous to take the longer route to a better rate.
I used to use a guy in Woodbridge which was convenient as he would do cash to cash transactions, but he was mobbed up and got caught so that business is closed.
In the past I used HiFX but that involves an international wire (normally to New Zealand). Their parent company bought XE a few years ago so now I use them. You have to put money in their canadian account and they put foreign currency where you want it. I am not sure how to get cash out of XE as I have never needed cash in sufficient quantity to justify the expense/effort. Using HiFX/XE saves me hundreds on a $10,000 transaction. On $1,000 it is probably close to break even on bank rates.
I used to use a guy in Woodbridge which was convenient as he would do cash to cash transactions, but he was mobbed up and got caught so that business is closed.
In the past I used HiFX but that involves an international wire (normally to New Zealand). Their parent company bought XE a few years ago so now I use them. You have to put money in their canadian account and they put foreign currency where you want it. I am not sure how to get cash out of XE as I have never needed cash in sufficient quantity to justify the expense/effort. Using HiFX/XE saves me hundreds on a $10,000 transaction. On $1,000 it is probably close to break even on bank rates.
A buddy spends 6-8 weeks in the US and finds them the best. FWIW
I own a house in the US, have a TD US visa and a TD US bank account and move thousands a yr paying bills. I've researched them all and use Continental currency.
Its not the mob and you dont meet in some wu tang clan basement with a lunch bag.
in my experience always change CDN to US in Canada, walking into the National Bank of AZ with Canadian the first half of the conversation is yes its real money.....
Its not the mob and you dont meet in some wu tang clan basement with a lunch bag.
in my experience always change CDN to US in Canada, walking into the National Bank of AZ with Canadian the first half of the conversation is yes its real money.....
lol
J_F
Guest
I just paid a USD bill using a credit card (the amount wasn't large enough to justify effort). Rate was 1.29 so that should set a backstop for worst case rate.
