Originally Posted by
neuron
1.15% is a pretty good rate to pay. When I convert currency, I try to do it when there is a drop in the value of the currency I want to offset the finance fees (and requires a bit of patience).
Might I ask how you get the 1.15% exchange fee?
I use a website called xe.com.
They debit my US bank account and credit my Canadian account. I have found them very efficient and reliable. You have to go through the work of setting up an account; it's not something you would usually want to do for a one-shot transfer. The 1.15% is for transactions over about $2100.
I can also transfer from my account at Fidelity Investments for 1% for $10,000 or more, but then my Canadian bank charges me $10 to receive the wire.