Moving money from Canada to UK
#16
BE Enthusiast
Joined: Dec 2010
Location: Whitby, Ontario
Posts: 730
Re: Moving money from Canada to UK
Hello, We are currently thinking of moving back to the UK. Last week we asked our credit union about limits on sending amounts back and they said there were none and would only charge $40 / wired transfer. I think that banks are not as accommodating about these things. As others have said try talking to someone else there. Our experience in trying to find things out about moving back has taught us that it's always worthwhile asking someone else as some people just don't know what they're doing.e.g we were told that we couldn't receive our RRIF payments in the UK. We continued to question this and found out this statement was utterly false.
Sometimes we get the correct answer to the question but later realize we haven’t asked the right question in the first place.
#17
BE Forum Addict
Joined: Aug 2013
Location: Athens GA
Posts: 2,133
Re: Moving money from Canada to UK
Hello, We are currently thinking of moving back to the UK. Last week we asked our credit union about limits on sending amounts back and they said there were none and would only charge $40 / wired transfer. I think that banks are not as accommodating about these things. As others have said try talking to someone else there. Our experience in trying to find things out about moving back has taught us that it's always worthwhile asking someone else as some people just don't know what they're doing.e.g we were told that we couldn't receive our RRIF payments in the UK. We continued to question this and found out this statement was utterly false.
A currency exchange (like Transferwise) will usually give a better deal when you take account of any fee AND the exchange rate. On large sums it can make a real difference.
#18
Forum Regular
Joined: Nov 2016
Location: Rural BC
Posts: 256
Re: Moving money from Canada to UK
I believe Transferwise have a limit of $1million.
HSBC Canada have an account which can do a transfer to a HSBC account in UK unlimited.
HSBC Canada have an account which can do a transfer to a HSBC account in UK unlimited.