Selling property in Canada/possibly buying in US

[hikergirl 277]

I just did a bit of looking and there is BMO Harris Bank with branches down in Florida.

If they're anything like RBC, you may be able to open a US bank account and transfer money North and South without paying fees.

Couldn't hurt to check on it since you like BMO.

[Flames9_RN 358]

Lot of us keep saying--no fees---which is all fine--but really means nothing----you need to know what the exchange rate they are going to give you. A bank can say--no fees--but then give you a very sub par exchange rate! on $100 who cares--but on a lot of $$$ it truly matters. A few phone calls to a bank you can finds out the exchange rate. CH is free to set up--not saying their rates will beat your banks! CH may beat ur bank 1 time, and another time it won't! When I was home in Saskatoon this past summer--I found I got a better rate at the ATM (As I got the ATM bank fees returned to me) So I'm not a CH junkie,lol you just want to do your research---No fees and easy transfer does NOT always mean your getting the best deal

[Krikit 1,164]

Just remember if you are carrying it with you through the border that you must declare any amount over $10,000 at the border. If you are having it wired to you, you also need to declare the amount and mail in the form. Here is a link to the form: http://www.fincen.go...fin105_cmir.pdf You need to complete this for any amount over $10,000 or any aggregate amounts that are sent below that amount but within a short time period (it is treated as one transaction of the total) that is imported into the US for any reason.

The financial institution actually does all the reporting so the form is not required.

[KTandTommy 31]

Thanks for all the info everyone - this is great. Going to bookmark this thread for when the POE time comes, and start discussing with BMO advisors and such asap