Random Thought Thread v2

[Jason14h]

Originally Posted by bizaro86

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).

Could you just transfer to a WISE USD and covert to CAD there for lowest fees? (Assuming you want CAD)

[bizaro86]

Originally Posted by Jason14h

Could you just transfer to a WISE USD and covert to CAD there for lowest fees? (Assuming you want CAD)

You could, but that isn't the lowest fee possibility.

I do the following:

USD paypal to US domiciled bank account.

Transfer to Interactive Brokers

Convert to CAD

Withdraw from Interactive Brokers to CAD bank account.

That works out to about 0.57% cheaper than using Wise. It's more complicated though, so YMMV.

[cam_wmh]

Originally Posted by Jason14h

Could you just transfer to a WISE USD and covert to CAD there for lowest fees? (Assuming you want CAD)

I considered this, but for the hassle I just converted to CAD in Paypal, and while it said it'll take 5 business days, money is in my account today.

[edslunch]

Originally Posted by PaperBagger'14

Did Peter12 really get permabanned (or maybe sin binned)? For what?

He turned me into a newt

Spoiler!

I got better

[jayswin]

Originally Posted by Wormius

He achieved his goal of replying to every single post, in every single thread, with a contradictory opinion and then decided to call it quits.

Every 1.5 years, almost set to a watch.