EQ Bank USD Savings Account - 1.00%
https://www.eqbank.ca/personal-banking/ ... anking/usd
Jun 2nd, 2021 8:40 pm
Jun 3rd, 2021 4:39 am
Jun 3rd, 2021 5:42 am
Jun 3rd, 2021 10:09 am
I posted this in the main EQ thread last night. Looks like a fixed 1.13 USD fee to move USD from EQ to a US-based account.
Jun 3rd, 2021 10:25 am
Jun 3rd, 2021 8:22 pm
But EQ chat tells me that "connect" doesn't mean link, and that one cannot bring money in from Wise, only send it internationally "through" Wise. I'm also told that EQ does not send or receive wire transfers, so despite finding an apparently valid SWIFT code on Wise for EQ, chat strongly recommends against trying to use it to send money from within Wise. EQ chat suggests wiring money to a USD account with another Canadian bank and linking that USD account with the EQ account in order to transfer from Wise.What if I already have a Wise account?
Not a problem! If you already have a Wise account, you can connect it to your EQ Bank account online or from within our mobile app—nice and simple.
Jun 3rd, 2021 8:38 pm
Jun 3rd, 2021 8:43 pm
Jun 3rd, 2021 9:29 pm
They don't want to pay micro deposits if they don't have to
Jun 3rd, 2021 9:33 pm
Jun 4th, 2021 12:13 am
Jun 4th, 2021 12:33 am
Still better than the next best options that only offer 0.5%, Canadian Western Bank and First Ontario Credit Union, the former of which charges $5/transaction and the latter of which is only available to Ontarians.
Jun 7th, 2021 8:19 am
Jun 7th, 2021 9:09 am
Are you implying Questrade is the only Canadian brokerage that allows you to deposit or withdraw funds from a Canadian USD account? Surely that isn't true.
Jun 7th, 2021 9:51 am
No. I listed this as probably the biggest use case. Most ppl here will probably bite the big bank fee table to move USD between USD account and brokerage with the same bank, if they use a big bank brokerage (speed and convenience).
Jun 7th, 2021 4:52 pm
Jun 9th, 2021 10:23 am
Jun 9th, 2021 11:20 am
Per Wise's own documentation it's possible to send USD anywhere but outside the US they charge an extra fee and they'll use SWIFT.
Jun 9th, 2021 11:30 am
I have not. But via Wise, can send USD from EQ abroad without converting based on the info they give.Scote64 wrote: ↑ I haven't had any issue with Wise holding up my transfers to any of the 3 countries I've sent money to for family, although a couple of times it's taken days longer than promised. But I tried many other methods before Wise, and in general international transfers are a total gong show - frequent failures and inexplicable holdups, high fees and poor exchange rates, and staff who haven't got a clue.
@titaniumtux are you saying that you have actually used Wise to send USD to USD without converting? I didn't think that was possible.
Jun 9th, 2021 11:45 am
Thanks. That doesn't look promising.rhw123 wrote: ↑ Per Wise's own documentation it's possible to send USD anywhere but outside the US they charge an extra fee and they'll use SWIFT.
https://wise.com/help/articles/2946451/ ... ide-the-us