« previous next »
Pages: 1

Author Topic: Transferring CAD to USD (large volumes)  (Read 765 times)

deathandtaxes

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Transferring CAD to USD (large volumes)
« on: February 20, 2020, 01:08:50 PM »
US/CA citizen. US resident.

Objective: Have a brokerage account that can Norbert Gambit CAD -> USD and transfer the funds to my US bank. Preferably a broker which is mostly free and doesn't require a min deposit.

I understand services like transferwise exist, but at my volumes Norbert Gambit makes more sense. It appears all brokers in account will not allow me an account as im a non-resident.

Any advice?
Logged

terran

  • Magnum Stache
  • ******
  • Posts: 3807
Re: Transferring CAD to USD (large volumes)
« Reply #1 on: February 20, 2020, 01:10:33 PM »
Logged

deathandtaxes

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: Transferring CAD to USD (large volumes)
« Reply #2 on: February 20, 2020, 01:18:49 PM »
Id prefer not to use them, it looks like they charge $10 USD per month even if you dont trade.
Logged

deathandtaxes

  • 5 O'Clock Shadow
  • *
  • Posts: 45
Re: Transferring CAD to USD (large volumes)
« Reply #3 on: February 20, 2020, 04:04:39 PM »
Interactive Brokers Lite converts CAD to USD on par and only charges a $2 fee. This is amazing. In this example using $20,000 CAD Transfer wise charges $150.

Again the online problem is the wire costs.
Logged
Pages: 1
« previous next »
 

Wow, a phone plan for fifteen bucks!