I am from india.I am travelling to canada in november.How to carry funds.I know some options.

1 cash
2 traveller cheques
3 bank draft
4 open an account with any canadian bank transfer funds before landing

Which indian bank or agents provide good exchange rates.Anybody who travel from india please reply

Thanks

jeeshan

I don't know if you'd be able to use the foreign exchange houses that many British members of this forum use, e.g., HiFX, XE and the like.

I've just looked at XE's website, as an example.

Question 5 on their Frequently Asked Questions page is, "Are there any restrictions on sending or receiving funds?" It gives some standard information about anti-terrorist financing laws and anti-money laundering laws. It then goes on to say, "Additional due diligence is required for transactions involving the following areas. You may be asked to provide additional information, and normal trade timelines will likely not apply." Then it provides a long list of countries, and India is one of them.

My Google search also indicated to me that HSBC has a presence in India. I know that you included bank-to-bank transfers as one of the possible methods of transmitting money, so you're obviously aware of that general possibility.

But I don't know if you had thought of HSBC in particular. I've seen very mixed reports about them on this forum. Some forum members have had positive experiences with them in Canada, and several forum members have had negative experiences with them.

But they are one of the few banks that allow you to open an account remotely, before you've arrived in Canada. So even if you only use them for the transfer of your money and later switch to another institution for your daily banking in Canada, it might be worth considering them.

Sorry I don't have more relevant information or experience, but my response will serve to bump your post to the top of the list of threads, if nothing else.
x