Capturing favorable US/CAD conversion - Page 5 - Escape Trailer Owners Community

Go Back   Escape Trailer Owners Community > Escape Me | General Topics > Paper Escape
Click Here to Login
Reply
 
Thread Tools Display Modes
 
Old 02-03-2014, 07:39 AM   #41
Senior Member
 
Jrn56's Avatar
 
Join Date: Apr 2013
Location: Cottage Grove, Minnesota
Trailer: 2013 Escape 19
Posts: 365
ETI accepted 3 payments from our Capital One card last summer. (zero exchange fees for us).
__________________

__________________
John and Brenda
Cottage Grove, MN
Jrn56 is offline   Reply With Quote
Old 02-03-2014, 10:20 AM   #42
Senior Member
 
Join Date: Jan 2013
Location: Morro Bay, California
Trailer: 2016 Escape 21 (May 25, 2016)
Posts: 299
I believe their current policy is that they'll accept up to $3000 on a credit card, but not more. However, you'd want to check with ETI to confirm or check to see if this has changed.
__________________

JaneM. is offline   Reply With Quote
Old 06-14-2014, 07:55 PM   #43
Senior Member
 
Join Date: Jul 2012
Location: Burlington, Vermont
Trailer: 2014 17b/RAV4
Posts: 290
We just made a substantial down payment on our 17b by transferring funds from the US to ETI in USD and having them make the conversion from USD to CD. We received a rate of 1.0763, a couple of hundred dollars cheaper than asking our bank to make the conversion. ETI's bank charged us a $35 fee for the transaction, but the whole procedure saved enough to pay the sales tax here in Vermont.
yardsale is offline   Reply With Quote
Old 06-14-2014, 08:18 PM   #44
Site Team
 
Donna D.'s Avatar
 
Join Date: Nov 2008
Location: Portland, Oregon
Trailer: 2014 Escape 5.0 TA
Posts: 5,972
Perfect for you! However, I mentioned in another topic... this conversion rate stresses me out. I'm south of the border, the US side. Following the "daily" rate was driving me nutz and totally stressing me out. I started figuring my build and options wanted in US dollars (can I afford this...?) and I immediately calmed down. The upside was finding out I got a "refund." YMMV
Donna D. is online now   Reply With Quote
Old 06-14-2014, 08:34 PM   #45
Senior Member
 
padlin's Avatar
 
Join Date: Sep 2009
Location: Southwick, Massachusetts
Trailer: 5.0 TA #6, 2012 F150 EB
Posts: 3,029
Sending a personal check costs nothing but the stamps, and you still get credited for the converted rate.
__________________
Happy Motoring
Bob
padlin is offline   Reply With Quote
Old 06-14-2014, 08:47 PM   #46
Site Team
 
cpaharley2008's Avatar
 
Join Date: Jun 2010
Location: York, Pennsylvania
Trailer: 2016 2ndGen Escape 19' PRAIRIE SCHOONER pulled by 2014 Ram Hemi/8sp
Posts: 11,638
Quote:
Originally Posted by padlin View Post
Sending a personal check costs nothing but the stamps, and you still get credited for the converted rate.
Just be sure and double US postage from US to Canada.
__________________
Jim
home is where you park it!
cpaharley2008 is offline   Reply With Quote
Old 06-15-2014, 11:29 AM   #47
Senior Member
 
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 7,960
Quote:
Originally Posted by padlin View Post
Sending a personal check costs nothing but the stamps, and you still get credited for the converted rate.
I assume that it cost the sender nothing (other than any trivial routine cheque fee), but does it cost the recipient nothing? I've never cashed a substantial cheque drawn on a U.S. bank, so I'm not confident that it would be free of charge to process.
Brian B-P is offline   Reply With Quote
Old 06-15-2014, 11:40 AM   #48
Senior Member
 
santacruzer's Avatar
 
Join Date: May 2012
Location: Santa Cruz, California
Trailer: 2014 Escape 19
Posts: 658
My bank (Wells Fargo) wouldn't even cash a small check from ETI, even though the check was in U.S. funds. They required me to deposit it.
__________________
2009 Tacoma Crew Cab, TRD 4WD
2007 Tundra Double Cab TRD 4WD
2014 Escape 19
2007 Norwegian Elkhound "Baxter"
santacruzer is offline   Reply With Quote
Old 06-15-2014, 12:20 PM   #49
Senior Member
 
Join Date: Dec 2012
Location: Edmonton, Alberta
Trailer: 1979 Boler B1700
Posts: 7,960
Quote:
Originally Posted by santacruzer View Post
My bank (Wells Fargo) wouldn't even cash a small check from ETI, even though the check was in U.S. funds. They required me to deposit it.
That's normal, regardless of country. A non-certified cheque from someone who is not a customer of the bank is essentially (as the said) really just an I.O.U. note... a bit of paper saying that some other bank will come up with the money when you give them the signed paper. A reasonable bank makes you deposit it, so if it bounces they just take the money back out of your account.
Brian B-P is offline   Reply With Quote
Old 06-15-2014, 12:37 PM   #50
Senior Member
 
Join Date: Jul 2012
Location: Burlington, Vermont
Trailer: 2014 17b/RAV4
Posts: 290
Quote:
Originally Posted by padlin View Post
Sending a personal check costs nothing but the stamps, and you still get credited for the converted rate.
We found a small difference between sending USD to Canada for them to convert, and asking our US bank to convert on this end and make the transfer in CND. This is small potatoes compared to the basic conversion rate. Dosen't really matter which way you do it, and the daily rate dosen't change THAT frequently. It has been about .92 USD to one CDN for a few weeks now.

padlin is right though, the electronic transfer cost us $35.
__________________

yardsale is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off






» Virginia Campgrounds

Reviews provided by



All times are GMT -5. The time now is 05:50 PM.


Powered by vBulletin® Version 3.8.8 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Copyright 2012 Social Knowledge, LLC All Rights Reserved.