Personal Finance

Best Account for New Residents for Wire transfers?

  • Last Updated:
  • Feb 22nd, 2022 3:40 pm
[OP]
Member
Feb 3, 2019
232 posts
117 upvotes
Brampton,ON, Canada

Best Account for New Residents for Wire transfers?

Hi All,

My sister would be landing in Canada as a new immigrant and wishes to transfer about $100k from her existing savings accounts.

Do you know of any specific Banks/ accounts that will waive off/ charge the least amount of fees for this transfer? Any leads would be helpful.
1 reply
Sr. Member
Nov 27, 2005
657 posts
3 upvotes
Toronto
What matters more than the transfer fee (which is probably just $15-30) is the exchange rate you're getting. Compare the rate you'd get from your bank to Wise or some other FX service

Top