Transferring UK money to Canadian bank account while in the UK
#16
Just Joined
Joined: Dec 2013
Posts: 18
Re: Transferring UK money to Canadian bank account while in the UK
good info on HSBC
Is that always the case that you can negotiate the rate (then self compare to other FX providers)?
On the amounts, does it matter how much, is there a minimum or suggested transfer amount - are you advising small amounts under $10,000 or larger to say $100,000?
Is that always the case that you can negotiate the rate (then self compare to other FX providers)?
On the amounts, does it matter how much, is there a minimum or suggested transfer amount - are you advising small amounts under $10,000 or larger to say $100,000?
I have to say, they guys locally have been extremely helpful and so now get all my business. So just good customer service wins though!
#17
Re: Transferring UK money to Canadian bank account while in the UK
I tend to look beyond the smoke & mirrors, more interested in the net result & how much did it cost me. On a 1.7 FX for £100 -£1000 GBP to Canadian did I end up with $170 ($1700)
Or for that so attractive FX rate of 1.73 using one of the FX currency outlets, did I net $169 ($1690) due to service charges.
Takes a bit of work or a piece of mind & me thinks the folks in the FX business such as XE & excel are in it for the money with banks such as HSBC see it as a small part of retail business.
#18
Just Joined
Joined: Dec 2013
Posts: 18
Re: Transferring UK money to Canadian bank account while in the UK
For the Canadian side - compared to those (XE & Excel) mentioned on this thread, how does HSBC in Canada stack up as far as fees & FX rates?
I tend to look beyond the smoke & mirrors, more interested in the net result & how much did it cost me. On a 1.7 FX for £100 -£1000 GBP to Canadian did I end up with $170 ($1700)
Or for that so attractive FX rate of 1.73 using one of the FX currency outlets, did I net $169 ($1690) due to service charges.
Takes a bit of work or a piece of mind & me thinks the folks in the FX business such as XE & excel are in it for the money with banks such as HSBC see it as a small part of retail business.
I tend to look beyond the smoke & mirrors, more interested in the net result & how much did it cost me. On a 1.7 FX for £100 -£1000 GBP to Canadian did I end up with $170 ($1700)
Or for that so attractive FX rate of 1.73 using one of the FX currency outlets, did I net $169 ($1690) due to service charges.
Takes a bit of work or a piece of mind & me thinks the folks in the FX business such as XE & excel are in it for the money with banks such as HSBC see it as a small part of retail business.
#19
Re: Transferring UK money to Canadian bank account while in the UK
For the Canadian side - compared to those (XE & Excel) mentioned on this thread, how does HSBC in Canada stack up as far as fees & FX rates?
I tend to look beyond the smoke & mirrors, more interested in the net result & how much did it cost me. On a 1.7 FX for £100 -£1000 GBP to Canadian did I end up with $170 ($1700)
Or for that so attractive FX rate of 1.73 using one of the FX currency outlets, did I net $169 ($1690) due to service charges.
Takes a bit of work or a piece of mind & me thinks the folks in the FX business such as XE & excel are in it for the money with banks such as HSBC see it as a small part of retail business.
I tend to look beyond the smoke & mirrors, more interested in the net result & how much did it cost me. On a 1.7 FX for £100 -£1000 GBP to Canadian did I end up with $170 ($1700)
Or for that so attractive FX rate of 1.73 using one of the FX currency outlets, did I net $169 ($1690) due to service charges.
Takes a bit of work or a piece of mind & me thinks the folks in the FX business such as XE & excel are in it for the money with banks such as HSBC see it as a small part of retail business.
#20
Re: Transferring UK money to Canadian bank account while in the UK
I've used currencyfair
Fees are pretty minimal and the rates are decent. Once you've signed up and added your accounts it's a fairly simple process and they explain it all clearly on the site. I've sent money to accounts in Canada while in the UK and it's always been fine. Usually takes 3-5 days to show up at the other end.
Fees are pretty minimal and the rates are decent. Once you've signed up and added your accounts it's a fairly simple process and they explain it all clearly on the site. I've sent money to accounts in Canada while in the UK and it's always been fine. Usually takes 3-5 days to show up at the other end.
#21
Account Closed
Joined: Feb 2013
Location: Winnipeg, MB
Posts: 52
Re: Transferring UK money to Canadian bank account while in the UK
Hi,
I transfer money from my Lloyd's account to my td account in Canada.
It costs £10 for up to 5k
I transfer money from my Lloyd's account to my td account in Canada.
It costs £10 for up to 5k
#22
Forum Regular
Joined: Feb 2012
Location: Red Deer, Alberta
Posts: 243
Re: Transferring UK money to Canadian bank account while in the UK
We had an HSBC account in the UK just so we could open an account here in Canada. Unfortunately our local HSBC branch was never open and their account charges are very high. It was good for transferring money between countries but sadly every other service was rubbish. It seemed that they were only interested dealing with you if you had a lot of money in the bank.
#23
Forum Regular
Joined: Nov 2010
Posts: 68
Re: Transferring UK money to Canadian bank account while in the UK
We can transfer money direct from our Natwest account to our RBC account. We do it all on-line and do not have to set foot in the bank.