Transfering regular payments to the UK
#16
Forum Regular


Joined: Jan 2012
Posts: 73
From: Edmonton, AB


if i had of let them know 5 weeks before my date of travel i wouldnt have had to do any setting up in canada,they take care of everything al i would have had to do is go in and sign my name and the cards would have been sitting there
seem's the best way i can find to do it.....5 pound per transfer...if its 10 pound or a 1000
#17
I have a UK PayPal account and my wife has a Canadian PayPal account. Each month I transfer some funds into our joint BMO a/c and from there she does a PayPal transaction to my UK PayPal a/c (there is a small charge but much much less than I was getting charged by BMO for the same transactions). I then simply withdraw the funds to my UK bank a/c simple as that.
It does usually take around 3 days for the funds to show in my UK bank a/c so make sure you factor that time in your transactions.
Hope this helps
#18
Forum Regular


Joined: Jul 2010
Posts: 93

You can have 2 paypal accounts - one with paypal.ca and one with paypal.co.uk. You need to have bank accounts in both countries. I have transferred money this way and it was fairly easy and fee free. The exchange rate is not the best so you lose out there but for small amounts it is fine. If you have a credit card in Canada as a back up source for Paypal the transfer is instant and you can transfer it to your bank account straight away,and then it takes 2-3 days to clear.
#19
Thank you Saz and Leggy for that very useful information into how I can make my paypal account work for me.
Will get onto it.
Will get onto it.
#20
Forum Regular


Joined: Jan 2012
Posts: 73
From: Edmonton, AB

just wondering do u need an address to open a bank account out there
or would your job offer be enough?
or would your job offer be enough?
#21
Forum Regular


Joined: Jul 2010
Posts: 93

You should be able to open a bank account without an address, just use your work one in the interim. You need a sin card though to open an account. We managed to open an account while still living in a hotel using a work address for correspondence.
#22
You can have 2 paypal accounts - one with paypal.ca and one with paypal.co.uk. You need to have bank accounts in both countries. I have transferred money this way and it was fairly easy and fee free. The exchange rate is not the best so you lose out there but for small amounts it is fine. If you have a credit card in Canada as a back up source for Paypal the transfer is instant and you can transfer it to your bank account straight away,and then it takes 2-3 days to clear.
Although I think there are certain withdrawal limits to a bank account.
Edit: After a search through Paypal I've found I have a receiving limit of GBP 1,900 per year. (my account is verified)
Last edited by conjonway; Feb 20th 2012 at 4:09 am.
#23


Joined: Mar 2011
Posts: 81

You need two email addresses for this right?






