Transferring Money from the US to Canadian Account

[SENKA 0]

Can someone tell me what is the best and cheapest way to transfer money from the US to Canadian bank account?

Thanks

[Flames9_RN 358]

https://vantage.customhouse.com/cgi-bin/Login.cgi Takes a few days to set up ur Customhouse.com acct, they do actually phone u and verify ur info. As well u have to either fax, snail mail or scan and email(secure server) ID and banking info. Its very easy to do, and they provide excellent customer service. Making an actual transfer is easy as well. One can sort of gamble onthe exchange rate. You see the rate prior to making the deal, and you have a refresh button that may or may not work in ur favor, lol sort of like a mini las vegas!! Liek I said if you thinkthe exchange rate is going to go up, u just cancel the transaction. Once u have complted it, it takes 3-4 business days to arrive in ur account. Very easy.

[SENKA 0]

Thanks Scott,

I just looked at their web site. Is it EFT option that you use to send money to Canada?

[Lance27 19]

I believe EFT with custom house is free I use XE.com/fx in Canada and it comes up as Custom House on my bank stataement. they charge you for the wire transfer.

Lance

Thanks Scott,

I just looked at their web site. Is it EFT option that you use to send money to Canada?

[MarkNAshley 0]

My bank account is with chase. I use their wire transfer feature to transfer money. It's free if you're transferring USD to USD(or at least used to be). I found when I put money into a CAD account last week they charged me $20 per transaction.

It's easy to set up you just log in and create your recipient. It usually takes about 2-3 days for them to verify the entry and then it's about 3 hours between transfer to receipt in your account in canada.

Mark

[Flames9_RN 358]

With customhouse (also called vantage) EFT is free, they do offer a wire service, but that costs $$$. I have only used EFT (electronice file transfer) Justreceived $$ from RRSP, so wil be mailing the cheque to myparents, who deposit it into my CDn account,then use customhosue to transfer it.