The Best way to send Money to Canada

There are three ways to send money to Canada. Mail is slow unless you send it expressly which is expensive. The money transfer service is faster but still expensive with fees equal to a percentage of the amount sent rates, in addition to the exchange rate. The best option is a global transfer in an international bank with branches in the United States and Canada. According to the RBC Bank is a fast and secure method to send money and and it is the cheapest as banks charge a nominal fee for this service, or as RBC providing the service free of charge to online users.

Follow these Instructions

    1

    Check online banks with international presence. Look for those that have branches in the United States and Canada, preferably near your area.
    2

    Visit Web sites and verifies the financial stability of the bank. You must ensure that the bank is solid in terms of assets and liabilities.
    3

    Open a checking account at the branch if you can. If there is a fence, call the customer service line and open the account by phone. When you finish the process in person opens your bank account the same day. If you do by phone it takes up to a week.
    4

   The recipient in Canada of the bank transfer to open an account in the same bank. A bank transfer between different banks is more expensive because it requires the payment of a transfer fee on both banks. In addition, the bank charges the sender a percentage of the value of the transfer. In addition, the receiving bank can apply a temporary hold and prevent withdrawals.
    5

    Confirms that both accounts are open. Using the account number and full name of the recipient transfers between the two accounts by phone or online. Most banks offer this service for free or for a flat fee of $ 5 or $ 10. The recipient can access the money immediately without having to pay extra fees for currency exchange.

Tips & Warnings

    Banks with branches in several countries tend to have greater financial strength than those with limited international exposure.

    Banks that are only online, they do not have a physical location, usually do not allow transfers between accounts in different countries.

 Always use a bank that has branches.