I have a US account at BMO and then transfer from account to account and they do give me a better rate than calforex and even buying/selling american cash at the bank. Can't remember the exact savings, but it is substantial. I even got a US credit card to pay for my GF's masters program (american UNI) and that saved us money in regards to fees and other stuff, I would just transfer canadian funds to the american account myslef and it was cheaper...Check it out if you have time, I am sure a banker can confirm this, as i am not a banker.
Rory
|