Investing

USD to CAD conversion

  • Last Updated:
  • Nov 17th, 2019 4:49 pm
[OP]
Newbie
Mar 15, 2012
22 posts
3 upvotes
Calgary

USD to CAD conversion

HI, what is the best way to convert 8k USD to CAD, banks charge a hefty amount to do that, thanks
4 replies
Deal Addict
Feb 26, 2017
1825 posts
2062 upvotes
vikramjeet7 wrote: HI, what is the best way to convert 8k USD to CAD, banks charge a hefty amount to do that, thanks
Look up Norbits gambit if you have a brokerage account. You would need a USD and Canadian brokerage account (I've never deposited USD into my brokerage).
Newbie
Jan 21, 2017
55 posts
31 upvotes
Use Transferwise.com, huge business, exchange at par, only charge minimal 0.5% fee, I use them all the time. Last time took 1 day to send GBP from UK to USD into my Canadian USD account, great service!
Newbie
Nov 11, 2019
17 posts
8 upvotes
Toronto
Just curious - do you have this money in cash or is it sitting in a bank account? If it is a bank account, is it a Canadian or foreign bank account?
Deal Expert
User avatar
Aug 18, 2005
19936 posts
4520 upvotes
Burlington-Hamilton
Go to the BST forum on RFD.
Maybe someone wants to exchange cash for cash without extra fees.
What if there were no hypothetical questions?

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