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American Express traveller's cheques in Montreal

American Express traveller's cheques in Montreal

Old Mar 15th 2012, 11:29 am
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Default American Express traveller's cheques in Montreal

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
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Old Mar 15th 2012, 12:02 pm
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Default Re: American Express traveller's cheques in Montreal

Originally Posted by wonderwhatif View Post
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
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.
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Old Mar 15th 2012, 12:27 pm
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Default Re: American Express traveller's cheques in Montreal

Originally Posted by wolstie View Post
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.
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.
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Old Mar 15th 2012, 2:09 pm
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Default Re: American Express traveller's cheques in Montreal

Originally Posted by wonderwhatif View Post
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.
Just make sure that if you are bringing more than $10k worth, you declare it on entry.
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Old Mar 15th 2012, 2:20 pm
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Default Re: American Express traveller's cheques in Montreal

You could always try a prepaid credit card - that's what my Step son was advised to use when he came last year.
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Old Mar 15th 2012, 4:44 pm
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Default Re: American Express traveller's cheques in Montreal

Originally Posted by wolstie View Post
Just make sure that if you are bringing more than $10k worth, you declare it on entry.
If only! It'd be great if I had to worry about that :P
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Old Mar 15th 2012, 4:44 pm
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Default Re: American Express traveller's cheques in Montreal

Originally Posted by Piff Poff View Post
You could always try a prepaid credit card - that's what my Step son was advised to use when he came last year.
Unfortunately I'm planning to save most of my money, so need the ability to put it in a bank.
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Old Mar 15th 2012, 5:17 pm
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Default Re: American Express traveller's cheques in Montreal

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.
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Old Mar 15th 2012, 6:32 pm
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Default Re: American Express traveller's cheques in Montreal

Hi


Originally Posted by Simon Legree View Post
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.

Except that banks usually put a hold on the funds from an international Banker's draft until it clears.
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Old Mar 15th 2012, 6:49 pm
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Default Re: American Express traveller's cheques in Montreal

Originally Posted by PMM View Post
Hi





Except that banks usually put a hold on the funds from an international Banker's draft until it clears.
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.
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Old Mar 15th 2012, 10:04 pm
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Default Re: American Express traveller's cheques in Montreal

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....
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