money transfer
#1
BE Enthusiast
Thread Starter
Joined: May 2007
Posts: 415
money transfer
hi all, which way is the better to send my OH a little bit of money..i was either going to go into a bank here in the UK and get a cheque in dollars and send it by post..or is there a cheaper easier way for me to send this money over.
thanks all...PS he does already have a basic bank account but nothing yet that involves creadit cards etc
thanks all...PS he does already have a basic bank account but nothing yet that involves creadit cards etc
#2
Re: money transfer
Does he have a UK bank card? If so, just use it in an ATM in Canada... the fees should be substantially less than sending a Candian dollar check from a UK bank to Canada.
(I assume by 'little bit' you're talking hundreds of dollars and not thousands)
(I assume by 'little bit' you're talking hundreds of dollars and not thousands)
#3
Banned
Joined: Aug 2007
Location: New Caledonia
Posts: 1,810
Re: money transfer
You can send a cheque drawn on a UK bank and it can be paid into a Canadian account. The only issue might be if there is a holding period, ours does not, but some do.
#4
Re: money transfer
There will be a charge if you use a bank to bank electronic transfer. Best bet is travellers cheques. My MIL sends my daughter about $100 in cash through the mail with her Christmas card.
#5
Forum Regular
Joined: Jan 2006
Location: Canmore, Alberta
Posts: 81
Re: money transfer
If your OH has a UK bank account and a Canadian Bank account; then I suggest he set a up an excahnge account with www.xe.com. Once this has been set up he can send money from the UK to Canada or vice versa and it saves a lot of money on the excahnge rate. I have done this for about 2 years;since we have been in Canada; its all done electronically and once you do the deal it takes about 3 to 4 days to have the money in your account. It took about 3 days to set up the account with the. They have always been helpful and the process is wasy to use and can be used 24/7 with no phone calls.
You can then put money in his UK account and he can send it to Canada.
Rob.
You can then put money in his UK account and he can send it to Canada.
Rob.