G77

Is it even feasible to keep under 15 transactions a month? Unless you draw out wad of cash at the start of the months and deal with everything in cash? I probably do more than 15 transactions in a week some weeks....

Flossie and Jim

Get yourself one of those Aeroplan credit cards and chuck absolutely everything on that...one payment from your bank account a month plus you should rack up enough Aeroplan points for a free* flight or two into the bargain.


* taxes and fees extra!

BristolUK

How do you mean, service?
I thought one could use the machines only. They were not working once when I was there so I queued. The CIBC staff told me to go to another branch to do what I needed (make a deposit) as the machines were working at that one.

MarkG

I believe you can get bank drafts and that kind of thing, but I think you have to prearrange it with PC Financial first. We use the PCF account for our online banking and bill payments, and the Scotiabank account for anything that requires interacting with real people.

DaveLovesDee

Most President's Choice stores (Real Canadian Superstore / Loblaws / some No Frills etc.) have a PC Financial pavilion where you can deal with a human being.

BristolUK

Unfortunately she told me to phone when I had something account specific.

Not knocking them...they are free after all and their savings accounts pay as good if not better interest than most.

deeb81

I totally agree. I have way more than 15 transactions per month on my UK bank account but the RBC Day to Day account suits my purposes just now as I only transfer money to it once a month so I'm not worried about it...nor am I worried about paying $5 if I dared exceed the transaction limit

snowman365

Hi again Deeb81!

Yes I am in a similar situation to yourself right now - currently in the UK but heading over to Canada soon.

Do you have to pay each time you transfer money to the Canadian Bank Account? How much is it per transaction? Do you need an IBAN No.?

Sorry - so many questions!!!

moondevil

if you contact the rbc bank they will give you the info that you need to make the transfer.

the last time we transfered into our canadian account it was 20quid from the uk :curse:
One thing to note as well is that when its birthdays and xmas we get relatives to send uk cheques and we put them straight into our account, no charge and good rate as well.
but make sure you advise the teller that they are uk pounds, as hubby banked one of the cheques and didnt tell her, she put it through as euro's :curse:
still waiting for that to be sorted :curse:

deeb81

No probs!

They gave me RBC's Swiftcode which you use in conjunction with your account number when transferring money internationally. The one they gave me is Royccat2 - not sure if that's for RBC in general or my branch specifically so dont quote me on that!

They charge me $15 every time I transfer money into the account which isn't much but it does seem a bit daft to be charged when depositing funds! I don't think there's such a thing as free banking in Canada sadly.