wonderwhatif

Hi,

I'm moving to Montreal for the second time on Monday and had more money than last time I went. Was advised that the safest way to travel was with traveller's cheques, but am worried about finding someplace to cash them that won't charge me up the wazoo.

Any ideas/former experiences?

Thanks,

Lorna

wolstie

When I was on holiday in Montreal a few years back, TD exchanged them for free.

Any bank you open an account with when you get there should exchange them for free too.

wonderwhatif

Thanks! That's great to know Just thought I'd check here and see if anybody knew since on top of the immigration stuff I didn't want a nasty surprise when I arrived.

wolstie

Just make sure that if you are bringing more than $10k worth, you declare it on entry.

Piff Poff

You could always try a prepaid credit card - that's what my Step son was advised to use when he came last year.

wonderwhatif

If only! It'd be great if I had to worry about that :P

wonderwhatif

Unfortunately I'm planning to save most of my money, so need the ability to put it in a bank.

Simon Legree

A Bankers' Draft, in either sterling or dollars, preferably dollars, would do it. I'd venture to say it would be cheaper than buying Travelers' Cheques which I haven't heard of anyone using in years. You can also get cash with an ATM card for day to day stuff. The draft would be easy to deposit into your account.

PMM

Hi



Except that banks usually put a hold on the funds from an international Banker's draft until it clears.

Simon Legree

Indeed they just might which is why you should have enough ready cash, or access to some via ATM, to carry you through that period.

Ramsey

Make sure you get CA$ Amex Cheques if you do do that route..... May seem obvious, but sterling or USD will see an fx charge at this end too....