$CDN for $USD
Sep 23, 2011 | 10:00 am
#16
Join Date: Feb 2007
Location: YVR
Programs: AC E50K
Posts: 994
^ 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.
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.
Sep 23, 2011 | 8:41 pm
#17
Suspended
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
^ 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.
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..
Sep 28, 2011 | 8:32 pm
#18
Join Date: Sep 2010
Location: YVR
Programs: AC*SE MM, Marriott Lifetime Titanium
Posts: 4,654
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.
Sep 28, 2011 | 9:16 pm
#19
Suspended
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
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.
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..
Sep 29, 2011 | 2:51 pm
#20
Join Date: Sep 2010
Location: YVR
Programs: AC*SE MM, Marriott Lifetime Titanium
Posts: 4,654
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.
Sep 30, 2011 | 12:37 am
#21
Suspended
Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
I know with TD, the spread below 10K is 2.5 points.. but when you get over 10K.. its a fraction of 1 percent..