Personal Finance

Getting USD out of Paypal without paying their FX fees

  • Last Updated:
  • Nov 24th, 2013 9:45 pm
Tags:
None
Deal Addict
Oct 9, 2005
1839 posts
189 upvotes
michaelcfa wrote:
Oct 16th, 2013 1:12 pm
Just get one of the RBC USD accounts then. USD eSavings is free and you get one monthly debit free, you'd just have to pay $3 if you want to take out the cash from a teller. For a one time transfer using XE for example, you wouldn't pay any fees to RBC. Account is free so may as well keep it open for future similar transactions.
http://www.rbcroyalbank.com/products/de ... vings.html

This account and the RBC U.S. Personal Account ($2/mo for 6 debit transactions) are the only Canadian-based USD accounts that can be linked to Paypal to withdraw your USD without it being converted by Paypal.
http://www.rbcroyalbank.com/products/de ... count.html
I use this way. Works every time.
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
guessaaa wrote:
Oct 17th, 2013 1:12 am
I use this way. Works every time.
I am already at Scotia, TD, PeoplesTrust, ING..... I really don't want to add RBC to the list.
Member
Mar 15, 2009
310 posts
108 upvotes
Toronto
RBC and TD Cross Border are the only ways. RBC is easier, faster, and free.
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
Can I setup the RBC esavings account without chequing account with RBC? Once inside the RBC account can I transfer it or withdraw it in US funds?
Deal Expert
User avatar
Oct 26, 2003
31103 posts
2684 upvotes
Winnipeg
setup e-saving, link to paypal, pull USD fund from paypal, withdraw USD from bank
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
divx wrote:
Oct 17th, 2013 1:48 pm
setup e-saving, link to paypal, pull USD fund from paypal, withdraw USD from bank
Is the RBC US High Interest eSavings that easy to pull out and can it be setup without an acutal RBC chequing account? They don't seem to say anything online about it.
Deal Expert
User avatar
Oct 26, 2003
31103 posts
2684 upvotes
Winnipeg
go to your local RBC bank and get the account added, it's just a savings account with no chequing ability, you must withdraw at teller.
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
Just called them and rep said you can't have US esavings without a savings or chequeing account with them.
Deal Expert
User avatar
Oct 26, 2003
31103 posts
2684 upvotes
Winnipeg
then get a free saving/chequing account
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
divx wrote:
Oct 17th, 2013 3:43 pm
then get a free saving/chequing account
I don;t think that exists.
Deal Expert
User avatar
Oct 26, 2003
31103 posts
2684 upvotes
Winnipeg
i have it, never paid any fees for years
Deal Addict
Oct 9, 2005
1839 posts
189 upvotes
joey1234 wrote:
Oct 17th, 2013 2:07 pm
Is the RBC US High Interest eSavings that easy to pull out and can it be setup without an acutal RBC chequing account? They don't seem to say anything online about it.
You don't need a chequing account. The US High Interest account comes with 1 free debit per month. You can withdrawal directly at RBC ATMs (in multiples of $20) that can dispense USD or go to a teller.
joey1234 wrote:
Oct 17th, 2013 3:32 pm
Just called them and rep said you can't have US esavings without a savings or chequeing account with them.
That's BS. Click on this link and click apply now. http://www.rbcroyalbank.com/products/de ... ounts.html
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
guessaaa wrote:
Oct 18th, 2013 2:14 am
You don't need a chequing account. The US High Interest account comes with 1 free debit per month. You can withdrawal directly at RBC ATMs (in multiples of $20) that can dispense USD or go to a teller.



That's BS. Click on this link and click apply now. http://www.rbcroyalbank.com/products/de ... ounts.html
Yes it does seem it can be opened by itself. The rep said something along the lines of for online banking you need either a savings or chequing account. I will have to try and call again.
[OP]
Deal Addict
Oct 21, 2012
1378 posts
474 upvotes
Toronto
Well same answer given again. I need a RBC account before getting the US esavings.
To avoid having another bank I think I am going to go with the TD cross border account. No fee if I have $100US inside account. Free wire transfers to my US borderless account.
Deal Addict
Nov 11, 2004
3048 posts
267 upvotes
Ottawa
joey1234 wrote:
Oct 18th, 2013 2:31 pm
Well same answer given again. I need a RBC account before getting the US esavings.
To avoid having another bank I think I am going to go with the TD cross border account. No fee if I have $100US inside account. Free wire transfers to my US borderless account.
Let us know how it goes

Thanks
Hello

Top