Transferwise to CAD USD Account
Hi everyone,
I started a corporation earlier this year and have been browsing through these forums to learn the processes (Thanks to everyone).
I recently created a Basic USD Account with Scotiabank for my business. Up to this point I have been using Transferwise to receive funds from my clients. I didn't create a US domiciled account yet, just felt it was unnecessary paperwork before I determined if business is viable.
At this point I have approximately 7000USD in my Transferwise account and would like to deposit the funds into my Scotiabank USD account.
Should I be using the Local Bank Account feature and sending through ACH or should I be using SWIFT? If anyone has experience with this option.
- Hoping no foreign conversion
- Minimal banking fees.
I started a corporation earlier this year and have been browsing through these forums to learn the processes (Thanks to everyone).
I recently created a Basic USD Account with Scotiabank for my business. Up to this point I have been using Transferwise to receive funds from my clients. I didn't create a US domiciled account yet, just felt it was unnecessary paperwork before I determined if business is viable.
At this point I have approximately 7000USD in my Transferwise account and would like to deposit the funds into my Scotiabank USD account.
Should I be using the Local Bank Account feature and sending through ACH or should I be using SWIFT? If anyone has experience with this option.
- Hoping no foreign conversion
- Minimal banking fees.