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How to transfer money from Ireland to Canada?????

  • 26-07-2013 6:27pm
    #1
    Registered Users, Registered Users 2 Posts: 138 ✭✭


    Hi just wondering whats the best way to transfer money from Ireland to Canada? bank of Ireland have any fee charges?

    Or can i put my money in a cheque and lodge it in a canadian account?


Comments

  • Registered Users, Registered Users 2 Posts: 237 ✭✭Scruffy19


    gemie wrote: »
    Hi just wondering whats the best way to transfer money from Ireland to Canada? bank of Ireland have any fee charges?

    Or can i put my money in a cheque and lodge it in a canadian account?

    I just use my debit card out here and when i need to withdraw money take out about 600/700 at a time nd theirs no charge


  • Registered Users, Registered Users 2 Posts: 138 ✭✭gemie


    do you have saving's with your bank of ireland account maybe that's why you don't get charged or you have a student account?! see I don't.


  • Registered Users, Registered Users 2 Posts: 185 ✭✭margo321


    Hi, I use www.xe.com several times and find them good, no fees. It was a bit confusing at first, I order it online then you go online or I go to my branch to send the money to xe who then forward it to the bank account in the US in my case. The way to avoid fees is to ask XE for their Irish bank Account - that way no bank fees. The first time unused them I didn't know and ulster bank charged me €15. I find it easy now to do. I was also worried they'd keep my money! But never an issue or delay.

    gemie wrote: »
    Hi just wondering whats the best way to transfer money from Ireland to Canada? bank of Ireland have any fee charges?

    Or can i put my money in a cheque and lodge it in a canadian account?


  • Registered Users, Registered Users 2 Posts: 138 ✭✭gemie


    margo321 wrote: »
    Hi, I use www.xe.com several times and find them good, no fees. It was a bit confusing at first, I order it online then you go online or I go to my branch to send the money to xe who then forward it to the bank account in the US in my case. The way to avoid fees is to ask XE for their Irish bank Account - that way no bank fees. The first time unused them I didn't know and ulster bank charged me €15. I find it easy now to do. I was also worried they'd keep my money! But never an issue or delay.


    Thanks a million I will look into this :):):)


  • Registered Users, Registered Users 2 Posts: 1,021 ✭✭✭bopper


    currencyfair.com are great too, I'd highly recommend them.


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  • Registered Users, Registered Users 2 Posts: 138 ✭✭gemie


    bopper wrote: »
    currencyfair.com are great too, I'd highly recommend them.


    currencyfair: lodge money with them, then they change your money to canadian dollars how do i know I'm getting the best transfer money deal with them ??? then they lodge into my new canadian bank account....? do they charge any fee for transferring money to canadian dollars they have to!!! every place does, get some commission base!


    have you used them personally???:confused::confused::confused::confused:


  • Registered Users, Registered Users 2 Posts: 1,021 ✭✭✭bopper


    gemie wrote: »
    currencyfair: lodge money with them, then they change your money to canadian dollars how do i know I'm getting the best transfer money deal with them ??? then they lodge into my new canadian bank account....? do they charge any fee for transferring money to canadian dollars they have to!!! every place does, get some commission base!


    have you used them personally???:confused::confused::confused::confused:

    Yeah I have used them and they give a great exchange rate, I saved 139 dollars than if I had transferred directly from bank to bank. They only charged me 4 dollars to make the actual transfer.


  • Registered Users, Registered Users 2 Posts: 837 ✭✭✭gary27


    gemie wrote: »
    currencyfair: lodge money with them, then they change your money to canadian dollars how do i know I'm getting the best transfer money deal with them ??? then they lodge into my new canadian bank account....? do they charge any fee for transferring money to canadian dollars they have to!!! every place does, get some commission base!


    have you used them personally???:confused::confused::confused::confused:

    currency fair offer a very good exchange rate which is very close to the actual rate which is way better than any bank on the high street can offer.
    check the rate on currencyfair then compare it the xe.com site and then check any banks rate.
    currencyfair only charge 3euro for the transfer that it so you tansfer your money from your currencyfair account which is in canadian dollars to your canadian bank account which should only take 2-3days.


  • Registered Users, Registered Users 2 Posts: 138 ✭✭gemie


    gary27 wrote: »
    currency fair offer a very good exchange rate which is very close to the actual rate which is way better than any bank on the high street can offer.
    check the rate on currencyfair then compare it the xe.com site and then check any banks rate.
    currencyfair only charge 3euro for the transfer that it so you tansfer your money from your currencyfair account which is in canadian dollars to your canadian bank account which should only take 2-3days.

    thank you


  • Registered Users, Registered Users 2 Posts: 53 ✭✭Beebox


    I'm trying to do the reverse; transfer money from Canada back to Ireland, anyone any recommendations?


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  • Registered Users, Registered Users 2 Posts: 50 ✭✭Carlosd


    try transfermate.com, irish company regulated in canada and ireland


  • Registered Users, Registered Users 2 Posts: 14,661 ✭✭✭✭retalivity


    Currencyfair's acc in canada is with national bamk in toronto, so you may incur some charges transferring to that first from your canadian bank before the money is transferred to ireland.


  • Registered Users, Registered Users 2 Posts: 50 ✭✭Carlosd


    currencyfair arent regulated in canada so no protection.


  • Registered Users, Registered Users 2 Posts: 499 ✭✭Roonbox


    Scruffy19 wrote: »
    I just use my debit card out here and when i need to withdraw money take out about 600/700 at a time nd theirs no charge

    Where do you take out that much? I am limited to $300 per day here in Vancouver..


  • Registered Users, Registered Users 2 Posts: 499 ✭✭Roonbox


    Beebox wrote: »
    I'm trying to do the reverse; transfer money from Canada back to Ireland, anyone any recommendations?

    Use RBC, can be done easily online and only $13.50 per transaction.


  • Closed Accounts Posts: 976 ✭✭✭Kev_2012


    Roonbox wrote: »
    Where do you take out that much? I am limited to $300 per day here in Vancouver..

    Im with Bank of Ireland at home and TD here in Canada and I can withdraw $600 a day. Has to be $300 twice though. Not sure why! Was pretty much 6 of 1 half dozen of the other for charges doing it that way or transferring.


  • Registered Users, Registered Users 2 Posts: 132 ✭✭media101


    hi all just wondering can i transfer all my savings from my Irish account to my new Canadian bank, like all at once?


  • Closed Accounts Posts: 976 ✭✭✭Kev_2012


    Once I arrived in Canada, I set up my bank account with TD. With online banking in Ireland, I requested a new transfer beneficiary and filled in my Canadian details. They sent a letter out to my Irish address and I got the code from my parents. Then I could transfer from Bank of Ireland to TD.


  • Registered Users, Registered Users 2 Posts: 837 ✭✭✭gary27


    I recommend http://www.currencyfair.com/ if thats an option,
    lower transfer fee and better exchange rate than the banks.


  • Registered Users, Registered Users 2 Posts: 1,635 ✭✭✭willabur


    I transferred money from Ulster Bank to my account here easily enough. For 8000 euro the cost was 16 euros so not too bad really.

    Now if only I could transfer my record collection as easily


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  • Closed Accounts Posts: 643 ✭✭✭NewsMeQuick


    So take out an appropriate amount in CAD in Ireland before leaving, arrive in Canada, set up a new bank account asap, then send money from Irish account to Canadian? It doesn't get simpler than that...:rolleyes:


  • Registered Users, Registered Users 2 Posts: 3,854 ✭✭✭Sinfonia


    Kev_2012 wrote: »
    Once I arrived in Canada, I set up my bank account with TD. With online banking in Ireland, I requested a new transfer beneficiary and filled in my Canadian details. They sent a letter out to my Irish address and I got the code from my parents. Then I could transfer from Bank of Ireland to TD.

    Fees?


    Also, TD just added Visa International Transfers, which is great compared to wire transfers.


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