Comments on: Getting a Good USD Exchange Rate

By: MrY

MrY — Sun, 31 Jul 2011 17:48:52 +0000

xe.com has the best exchange rates if you are doing smaller amounts hands down.

By: Greg

Greg — Mon, 04 Oct 2010 15:54:28 +0000

Hey guys, I work with Knightsbridge Foreign Exchange. We offer the same level of service offered to our large corporate clients, to private clients. As Kevin says, the process is quick and easy, and you will always save on transfers vs interacting with your bank.

Cheers!

877-355-5239 ext. 126

By: Kevin

Kevin — Sat, 28 Aug 2010 22:31:37 +0000

Hi All,

I had a similar situation since I’m a Canadian student attending an MBA program in the U.S . I ended up going through a company that specializes in FX (www.knightsbridgefx.com) and got a rate less than 1% above spot…took about a day to make a wire transfer to a U.S account…found the process pretty quick and simple….

By: Hooman

Hooman — Tue, 29 Dec 2009 13:28:43 +0000

I opened up a TD Borderless account in Canada and a TD Banknorth account in Pennsylvannia with the intention of sending money from the Canadian account to the US account on a regular basis to help pay off my spouse’s student loans (which must be paid from an account based in the US).

Unfortunately I’ve discovered that you can only transfer money from a TD Canada to a TD Banknorth account if the TF Banknorth account is opened up in Maine.

Since my TD Banknorth account is in Pennsylvannia I have no advantage whatsoever in using Banknorth as my US bank when it comes to transfering money from TD Canada.

If anyone has figured out a cheap, cost effective way of transferring money to the US let me know. So far the best way I know is Paypal (linked to both the US and Canadian accounts) but it takes about 9 business days …

By: Steven Johnson

Steven Johnson — Wed, 01 Apr 2009 12:29:54 +0000

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If somone can please get back to me that would be great.

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By: Business blog » Blog Archive » Comment on Getting a Good USD Exchange Rate by Business blog …

Tue, 16 Sep 2008 05:29:07 +0000

[...] Read the rest of this great post here [...]

By: anon

anon — Tue, 16 Sep 2008 01:02:17 +0000

September 15 and I’m investigating the same things. I don’t have a borderless bank account but here’s what I’ve uncovered:
Mosaik Mastercard: their exchange rate plus $5/transaction (great for big purchases)
Scotiabank Visa: their exchange rate plus 2.5%
AMA Cashcard: their exchange rate plus $3 each time you withdraw money
Traveller’s cheques vary substantially but currently Scotiabank is waiving the fee when more than $1000 Cdn is purchased. This “special” runs until the end of September.

I didn’t bother asking about what the rate is when using a debit card since I rarely do that at home. I could very well be the better way to go…

By: Cal

Cal — Sat, 03 May 2008 08:56:54 +0000

I am about to do busines in the US with trading into canada. I would be doing trading with an adverage of about twenty thousand per week. Where is the best place to get your dollar value on the extange rate? Seems like the TD borderless account is the best place to do that. Anyone else got any good suggestions of where to try?

By: Theresa

Theresa — Sun, 09 Dec 2007 21:17:36 +0000

1 CAD = ? USD
Canada’s back on top,
and it’s about time.

By: Jason Wong

Jason Wong — Sat, 08 Dec 2007 05:08:03 +0000

I have found that the best exchange rates for buying US dollars are the scummy payday loan shops. Among other things, they buy & sell USD.

But always shop around.