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Electrical wiring or TT is fast and safest way to transferring mony to Canada. If amount is large, just ring a few banks to check exchange rate and fees. Usually big four bank poor rate than small banks like citibank, HK bank. And most changes exchange shops offers better rate. local transfer money between bank or these shops are easy. Between bank you can have TT cost you $5.00 per transaction. Exchange shops takes 24 hours to get fund clear. (that is small risk factor, in case on that day, the company closed door) Upto you to decide in terms of risk and better rate.
For CBA/Westpac, you can do international transfer via their online system by yourself.
Also, the receiver bank in Canada will charge a fee to receive money. |
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