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Old 02-12-2017, 10:47 AM   #161
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There are a lot of variables involved in the payment process, and everyone might have access to different methods of transfers based on their main bank, credit union's policies, etc. I urge folks to explore different options.

My local credit union told me that they would be able to do a wire transfer into CAD to ETI. But when I actually tried to do it, they found out that they could not do it based on the instructions I got from ETI. EverBank, with those same instructions, have said, "no problem" and whenever I'm ready they will do the wire transfer for $30. EverBank says that they highly recommend wire payments rather than any form of bank drafts as they have sometimes seen those take very long times to process.

Kathy in ETI accounting in very helpful. She told me that she recommends wiring fund already as CAD to ETI's Canadian Bank. ETI uses a US bank for wire payments in US$, but ETI has no control over the exchange rate that US bank uses.
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Old 02-15-2017, 09:07 AM   #162
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I can report that our wire transfer from EverBank went thru smoothly. Even with Monday being a Canadian bank holiday, the transfer I initiated Monday was all cleared and credited at ETI on Wednesday.

Over the past few months, I moved US$ from the EverBank interest paying money market into their linked WorldMarkets CAD account whenever I thought the rates were good. Based on our average CAD purchase price vs the rate at the time of our wire transfer, we saved nearly $500.

Thank you to those who's posts led me to explore this option!
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Old 02-15-2017, 11:44 AM   #163
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BTW, Monday wasn't a bank holiday. It was "Family Day" in BC. It should have been named "Ski Industry" day as the resorts lobbied for second Monday.
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