Quote:
Originally Posted by cam_wmh
Was your CIBC chequing account, in US currency?
I'll clarify, I too have done that. This is a larger sum, tho. Thus, if I convert transfer AND convert, I get bent by Paypals fx conversion rate.
Vs move the funds to my US chequing account (RBC Canadian based), 1:1
But it didn't work yesterday, nor today. Hopefully it works tomorrow... (or do I require a RBC US funds account domiciled in the USA?)
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Basically you're out of luck. Paypal won't allow you to transfer money from a Canadian domiciled paypal account to a USD bank account, whether it is domiciled in Canada or the US it doesn't matter. They want their fee.
It is possible, if you have a US domiciled bank account (eg RBC US domiciled works) to get a native US paypal account (you also need a US address) but it's not free to get the money from your Canadian paypal account to your US paypal account, although I don't recall the amount of those fees any more. (I have both US and Canadian Paypal now, and am careful to take payment in the one for each currency).