About Richard St.Ofle Expertise I work for one of the world`s largest banks (I won`t say which one), and have years of experience. I can respond to inquiries about banking fees, explain policies, banking laws, and the details of how things work, and how to avoid fees/bounced checks ect.
Experience I work for the bank as an expert in my field. I respond to questions like this for a living.
My situation is the following : I have been working in France for several years, but am now returning to Canada. I will need to transfer the money from my account in France to my account in Canada. However, a wire transfer involves a commission which will work out to a fair amount of cash. I am wondering what is the "cheapest" way to do this transfer. Among the possibilities which came to my mind were : 1) writing myself a cheque and cashing it in Canada, and 2) withdrawing all of my money as cash or a cashier's cheque and then despositing it directly in Canada.
Any advice you could give on the topic would be most appreciated. Thanks!
Sean
Answer Sean,
It's funny that you mention this. I lived in Paris for 6 years with my (French) wife. To be honest, no matter which route you choose, you'll end up paying in the end. The ABSOLUTE bes would be to find a bank that has branches both in Canada and in France. I'm not so sure about Canada, but I know that CitiBank, Bank of America, and American Express have ofices in the U.S and in France. The second chouce would actually be initiating a wire transfer, depending upon the ammount of money that's being transfered. A lot of banks will charge a fee of about $20 for unlimited funds to be transfered, plus another fee (usually $50) for international.
I hope this helps!!
-Richard
