Currency exchange for Canadian Snowbirds
As a Canadian wintering in Texas, converting $CAN to $US is an ongoing issue. It is just very difficult to escape the markup premium all financial institutions put on currency exchanges. We have tri...
Forum Discussion
I have a US account at my bank the TD bank. I convert and deposit money into that account whenever. All I am paying is current conversion rate plus a small discount as I am doing it in the bank.
I have a US Visa card from the TD bank, and use my Texas Mobile Home address for the card. That way no problems at gas pumps for zip code entry. I use that card for virtually everything. So no conversion or extra fees.
If for some reason I don't have enough US dollars to cover the monthly bill they will immediately draw money out of my regular Cdn savings account, so I don't have to worry about interest charges on the Visa. I realize I am then subject to conversion and roughly 2 percent markup, but that rarely if ever happens.
Works for me.
I have a US Visa card from the TD bank, and use my Texas Mobile Home address for the card. That way no problems at gas pumps for zip code entry. I use that card for virtually everything. So no conversion or extra fees.
If for some reason I don't have enough US dollars to cover the monthly bill they will immediately draw money out of my regular Cdn savings account, so I don't have to worry about interest charges on the Visa. I realize I am then subject to conversion and roughly 2 percent markup, but that rarely if ever happens.
Works for me.
