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Taking money out of Canada.

Taking money out of Canada.

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Old Apr 4th 2014, 2:25 am
  #16  
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Default Re: Taking money out of Canada.

Yes, maybe but we don't have time for a cheque to clear.
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Old Apr 4th 2014, 2:35 am
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Default Re: Taking money out of Canada.

Originally Posted by neilg14
We wire smaller amounts every month but we get a crappy exchange rate & charges as well.
A bankers draft will take time to clear, we need access to the money on our first day there.
A banks draft is guaranteed funds and does not need time to clear. The worst FX rate is for cash, cheque or draft is better. An FX broker will give you the best rate for a direct deposit.
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Old Apr 4th 2014, 3:19 am
  #18  
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Default Re: Taking money out of Canada.

Originally Posted by Aviator
A banks draft is guaranteed funds and does not need time to clear. The worst FX rate is for cash, cheque or draft is better. An FX broker will give you the best rate for a direct deposit.
The OP is heading to Thailand and has been advised by the BE local community there to bring cash, rather than rely on banks.

I dunno, but they seem pretty sure.

Neil, why not make it $9999?
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Old Apr 4th 2014, 3:28 am
  #19  
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Default Re: Taking money out of Canada.

Originally Posted by Aviator
A banks draft is guaranteed funds and does not need time to clear. The worst FX rate is for cash, cheque or draft is better. An FX broker will give you the best rate for a direct deposit.
+1
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Old Apr 4th 2014, 7:18 am
  #20  
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Default Re: Taking money out of Canada.

It takes forever there to clear cheques and and even a bankers draft although it'll clear here ok, I wouldn't bet on it clearing out there straight away.
Sorry for appearing stupid but what is & where do I find an FX broker ?
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