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Old 02-10-2017, 04:01 PM   #141
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Quote:
Originally Posted by LJY View Post
An update for those who used Everbank:

I just completed the last exchange request from USD to CAD this week. It looks like the cheapest way to get money from Everbank to ETI is via wire for $30 USD (I was told $15 for a manual check when I signed up). And, we can request the wire transfer from the web site.. very easy.. just slightly more costly than originally planned.

p.s. remember to wire in CAD currency
Thanks for the "heads up". I've got all my funds in place at Everbank to pay ETI as well as TradeMasters - just waiting for our trailer now. I'm hoping to get moved up from the August 21 date we have now.
John
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Old 02-10-2017, 04:20 PM   #142
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Our full wire payment from EverBank to ETI will be happening Monday or Tuesday. When I first opened it, they told me $40 for the wire, but when I just asked they said now that it is already in CAD and being paid on CAD that it is only $30 like LJY has said.

It has been really easy to set up the transfers from my credit union into the EverBank money market - that got decent interest - and then whenever I thought the exchange rate as in my favor, to move it into the CAD WorldMarkets account a bit at a time.
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Old 02-11-2017, 02:46 PM   #143
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Originally Posted by barry View Post
I have a US dollar account at the Credit Union I deal with down the road, can those in the US not open a Canadian dollar account at their local bank or Credit Union and hold the money their until needed?

Barry
I have not read all of the comments. I have successfully "hedged " my $CD exposure.

While traveling I opened a USD account at a TD US branch in Maine. I then had to make a cross boarder trip go a few hours to open up a foreign owned CD account. (There are several US forms to fill out, including a W9. I should note that I opened a NON-INTEREST BEARING ACCOUNT. This is important! I then moved the money through TD and had them do the conversion.

There are not many options HSBC offers expat type services, but requires large balances. This is the best I found.
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Old 02-11-2017, 04:17 PM   #144
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FWIW I wire transferred from my credit union in USD this past Wednesday afternoon. The cost was $25 and took two business days to reach ETI. In between the CDN had risen approx .005 which raised the cost in USD. Paid the difference over the phone with a credit card that doesn't charge conversion. YMMV
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Old 02-11-2017, 06:59 PM   #145
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Each spouse carrying $

We're going up to tour ETI next week and ask about declaring $. If we each carry less than $9K USD checks into Canada will that get us through without declaring it? Is the declaration amount per individual or a total per traveling couple? Thanks.
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Old 02-11-2017, 07:04 PM   #146
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Why don't you want to declare the money? They don't care how much you have. They only require you to declare if you have more than $10,000. On the show Border Security, a Hollywood producer declared more than $400,000 he was bringing in for a film.
If you don't declare it, it can be seized.
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Old 02-11-2017, 07:16 PM   #147
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That amount for declaration is for "cash" when crossing the border, you can carry your checkbook with you without having to declare what your balance is, whether it is $5 or $50,000.....
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Old 02-11-2017, 07:26 PM   #148
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Quote:
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That amount for declaration is for "cash" when crossing the border, you can carry your checkbook with you without having to declare what your balance is, whether it is $5 or $50,000.....
Doesn't matter anyway, unless it's proceeds of crime.
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Old 02-11-2017, 07:28 PM   #149
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Understood that "cash" also includes a bank check. The Q is, if each of us (individuals) carries a check for $8k, will that have to be declared or is it the total of $16K because we're a couple?
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Old 02-11-2017, 07:32 PM   #150
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A check is a check, so a check payable to Escape for $20,000, certified or bank draft is still a check. Even a check payable to cash, is still a check. Checks are traceable, cash is not.
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