|
|
02-10-2017, 03:01 PM
|
#141
|
Member
Join Date: Aug 2016
Location: Littleton, Colorado
Trailer: Escape 5.0TA (July 19, 2017)
Posts: 71
|
Quote:
Originally Posted by LJY
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
__________________
John and Joy
2017 Escape 5.0TA (Aug. 2017)
Toyota Tundra 5.7L Double Cab
|
|
|
02-10-2017, 03:20 PM
|
#142
|
Senior Member
Join Date: Oct 2009
Location: Galesville, Wisconsin
Trailer: 2017 21 "Blue II" & 2017 Highlander XLE (previously 2010 17B "Blue" & 2008 Tacoma)
Posts: 4,233
|
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.
__________________
Eric (and Mary who is in no way responsible for anything stupid I post)
"Beware of false knowledge; it is more dangerous than ignorance." George Bernard Shaw
|
|
|
02-11-2017, 01:46 PM
|
#143
|
Senior Member
Join Date: Jun 2016
Location: Glencoe, Illinois
Trailer: 2017 F250
Posts: 140
|
Quote:
Originally Posted by barry
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.
|
|
|
02-11-2017, 03:17 PM
|
#144
|
Senior Member
Join Date: Jan 2016
Location: Chicago, Illinois
Trailer: A lovely 2017 Escape 21C
Posts: 414
|
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
__________________
Peace and safe journeys,
Steven M
|
|
|
02-11-2017, 05:59 PM
|
#145
|
Senior Member
Join Date: Aug 2015
Location: 78748, Texas
Trailer: 5.0 TA 2017 Taj MaSmall
Posts: 115
|
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.
|
|
|
02-11-2017, 06:04 PM
|
#146
|
Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
|
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.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
|
|
|
02-11-2017, 06:16 PM
|
#147
|
Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
|
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.....
__________________
Jim
Sometime life gets in the way of living.......
|
|
|
02-11-2017, 06:26 PM
|
#148
|
Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
|
Quote:
Originally Posted by cpaharley2008
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.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
|
|
|
02-11-2017, 06:28 PM
|
#149
|
Senior Member
Join Date: Aug 2015
Location: 78748, Texas
Trailer: 5.0 TA 2017 Taj MaSmall
Posts: 115
|
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?
|
|
|
02-11-2017, 06:32 PM
|
#150
|
Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
|
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.
__________________
Jim
Sometime life gets in the way of living.......
|
|
|
02-11-2017, 06:34 PM
|
#151
|
Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
|
One of you carries the money and declares it. That's all that needs to be done.
Just happen to be watching Border Security where guy doesn't declare gold bar worth $2,200 and that he has $11,000 in cash.
Cost him $250 fine for the cash and then he had to apply and pay fines to get the gold bar back.
It's just a piece of paper that you have to fill out, so why not just do it?
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
|
|
|
02-11-2017, 06:35 PM
|
#152
|
Senior Member
Join Date: Jun 2010
Location: Central, Pennsylvania
Trailer: Escape#5 2022 E19
Posts: 26,268
|
If you are putting a deposit down or even making full payment, just write a check, when you get there, it does not have to be a bank check unless you want to take delivery that day.
__________________
Jim
Sometime life gets in the way of living.......
|
|
|
02-11-2017, 07:15 PM
|
#153
|
Senior Member
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
|
We understood that a cashier's check is considered cash. You can call the border and ask. Can't tell you about per person.
Edit: $10000CAD is now $7644USD
Yes, they are including checks in that (as a monetary instrument under the $10000 CAD limit) such as bank drafts or traveler's checks.
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
|
|
|
02-11-2017, 07:24 PM
|
#154
|
Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
|
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
|
|
|
02-11-2017, 08:55 PM
|
#155
|
Senior Member
Join Date: Oct 2009
Location: Galesville, Wisconsin
Trailer: 2017 21 "Blue II" & 2017 Highlander XLE (previously 2010 17B "Blue" & 2008 Tacoma)
Posts: 4,233
|
I'm having trouble understanding why folks would want to risk a crime and not tell the border guards what you have. A quick explanation or the form Glenn mentioned stating that you are paying for a trailer at Escape is all that would be required.
__________________
Eric (and Mary who is in no way responsible for anything stupid I post)
"Beware of false knowledge; it is more dangerous than ignorance." George Bernard Shaw
|
|
|
02-11-2017, 09:43 PM
|
#156
|
Senior Member
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
|
They just want to know what they can take and not have to declare. If you have to declare something, you could be waved on through. Or not. And believe it or not, people forget a lot of things they have. They intended to declare them but forgot. Really.
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
|
|
|
02-11-2017, 10:50 PM
|
#157
|
Senior Member
Join Date: Oct 2008
Location: North Vancouver, British Columbia
Trailer: 2009 Escape 17B 2020 Toyota Highlander XLE
Posts: 17,136
|
Not sure I would forget that I was carrying $20,000.
__________________
What happens to the hole when the cheese is gone?
- Bertolt Brecht
|
|
|
02-12-2017, 12:32 AM
|
#158
|
Senior Member
Join Date: Nov 2010
Location: Denison, Texas
Trailer: 2015 21'; 2011 19' sold; 4Runner; ph ninezero3 327-27ninefour
Posts: 5,136
|
Canadian or American?
__________________
Cathy. Floating Cloud
"Live in the sunshine, swim the sea, drink the wild air.... "
Emerson
|
|
|
02-12-2017, 06:13 AM
|
#159
|
Senior Member
Join Date: Jul 2014
Location: Houston, Texas
Trailer: '87 Bigfoot 20DLX 5er (sold) - 2017 Escape 5.0 TA: Sep-17
Posts: 523
|
How to hedge exchange rate?
Quote:
Originally Posted by Little Richie
I should note that I opened a NON-INTEREST BEARING ACCOUNT. This is important!
|
Little Richie, why is the non-interest bearing account important?
|
|
|
02-12-2017, 09:35 AM
|
#160
|
Senior Member
Join Date: Aug 2015
Location: 78748, Texas
Trailer: 5.0 TA 2017 Taj MaSmall
Posts: 115
|
Usaa
On USAA site it has where they can wire transfer to a business outside the US in their currency. $35.
Also, re. the non interest account; it's because of newish international reciprocal income reporting arrangements. Any $ earning interest/dividends outside the US will be reported to the IRS. Offshore accounts are becoming more exposed to taxing entities.
|
|
|
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Discussions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|