|
Originally Posted by yvr76
(Post 17160248)
^ to VBCE. That's who I use. PM me for my preferred location + rep.
It's best to find a broker that actually banks with the same one you do. e.g. VBCE actually banks with BMO, as do I. So we just transfer funds back and forth. No need to even step into VBCE, or your bank for that matter if you have an account manager. You can deal the same way (CAD bank transfer to VBCE) on other currency and pick up the cash from the closest branch. |
Originally Posted by yvr76
(Post 17160248)
^ to VBCE. That's who I use. PM me for my preferred location + rep.
It's best to find a broker that actually banks with the same one you do. e.g. VBCE actually banks with BMO, as do I. So we just transfer funds back and forth. No need to even step into VBCE, or your bank for that matter if you have an account manager. Alternatively, I wish Canada had a cc with a no foreign exchange fee product.. |
Originally Posted by Ancien Maestro
(Post 17163280)
What are the fees and thresholds if you use VBCE?
Alternatively, I wish Canada had a cc with a no foreign exchange fee product.. If you set up a corporate account (no fees, just need an incorporated company) they also let you lock in your rate up to a week before. I do this a few days before I receive funds if the rate takes a quick turn in my favour. |
Originally Posted by yvr76
(Post 17190250)
No fees for transfers. I can't remember if they used to charge if they issued a bank draft. I think that better rates would start kicking in around $10k.
If you set up a corporate account (no fees, just need an incorporated company) they also let you lock in your rate up to a week before. I do this a few days before I receive funds if the rate takes a quick turn in my favour. Is VCBE's spread really that much better than the bank.. I think the banks charge a fraction of a percent for amounts greater than $10K.. |
Originally Posted by Ancien Maestro
(Post 17190470)
Standard for better rates to kick in around $10K..
Is VCBE's spread really that much better than the bank.. I think the banks charge a fraction of a percent for amounts greater than $10K.. |
Originally Posted by yvr76
(Post 17194705)
I generally find that at $10k, I'm able to save at least $100 with VBCE over BMO. Other banks sometimes will have plans that offer preferred rates and the spread is less, but BMO corporate accounts do not.
|
| All times are GMT -6. The time now is 10:27 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.