Banking & managing your money
#16
Re: Banking & managing your money
But the first thing I wondered on reading your post was can you not get cashback from a local store?
PC runs TFSA too and you do on line transfers between that and the chequing account easy peasy.
As for transfers between here and UK, TransferWise seems to be the common choice these days. A few minutes to set up and transfers money very quickly with a very good rate and a small fee.
If you do a BE search on the name you'll see nothing but great comments.
Someone like Alterna Bank pays a higher interest rate. Currently 1.9%. Top rate at PC is only 0.8% (except for promotional rates for a couple of months).
You can link a PC account to Alterna and transfer on line, although a TFSA withdrawal needs a phone call.
#17
BE Enthusiast
Thread Starter
Joined: Jan 2011
Posts: 635
Re: Banking & managing your money
Thanks everyone, this has been a super helpful thread
#18
Re: Banking & managing your money
I would not for one moment consider using EITHER Nationwide or TD Trust for FOREX transfers - mainly coz the rates are cr*p (and yes, they may well screw it up too!).
So far, I have no problems or complaints about TD Trust, but then I can't say we have given them too much exercise so far!