Vancouver

Transferring Money into Canada

When you move to Canada, you will need a safe way to transfer your money from your home country to Canada. You can certainly bring it with you, but this is risky in terms of safety and security, and you must declare anything above $10,000 CAD to customs officials at the border or airport. Another option is to use the services of a reliable company that specializes in transferring money around the world, for minimal cost. Currency Online is one such company, operating globally.

Currency Online — http://www.currencyonline.com/

Currency Online can transfer money quickly and safely, offers competitive exchange rates, and low or no fees (fee-free threshold). Currency Online moves over $550 million USD annually.

Sending Money Abroad

Once you are established in Canada, there may be times you need to send money abroad, or receive funds from abroad. One of the safest ways to accomplish this is through your local bank. All banks offer ways to send/receive money internationally, with some offering more options than others. Here is a run-down of the services the major Vancouver banks have to offer:

TD Canada Trust Sending Money Abroad — http://www.tdcanadatrust.com/fx/send_money.jsp

Services:

• Wire Transfers—available in 25 foreign currencies and Canadian and U.S. Dollars.
• You can transfer money directly into any foreign bank account.
• Bank Drafts—a secure alternative to writing cheques or opening a foreign currency account.
• Bank drafts can be obtained in U.S. Dollars, Sterling Pounds, Euros, Yen, and many more currencies.
• Certified Cheques—these are sometimes required for different types of transactions, and can be obtained within minutes.

CIBC Transfers — http://www.cibc.com/ca/how-to-bank/transfers.html

Services:

• Wire or Cable Transfer—available in many currencies.

You will need the following:

• International bank account number
• Bank identifier code (BIC) or the SWIFT code
• CLABE number (for Mexico)
• Complete contact information for the recipient, including a full address
• Any specific details that the receiving institution may require or may have requested

BMO Sending Money to Others — http://www4.bmo.com/personal/0,2273,35649_36673,00.html#sending

Services:

• Money orders—Canadian, U.S., and Sterling Pounds
• Bank Drafts—all available currencies
• Official cheque
• Wire Payments (outgoing fees depend on amount being sent)

RBC Payment Services— http://www.rbcroyalbank.com/products/deposits/payment-services.html

Services:

• RBC International Remittance—send up to $1,000 CAD per day to friends and family in over 120 countries for $13.50 per remittance.
• Bank Drafts and Money Orders—in domestic and foreign currencies
• Certified Cheques
• Outgoing and Incoming Wire Payments—send and receive large sums of money quickly and securely.

Services:

• Western Union Money Transfers—send money securely to over 200 countries (must be a Scotiabank client).
• Foreign Exchange—transfer funds within Canada or internationally by bank draft or electronically.

Western Union

Western Union Money Transfers can also be sent and received from other locations, for those who are clients of other banks. Money Marts and Safeway stores are often Western Union agents, and there are many other locations in Vancouver where you can send and receive money. Listed below are a few locations around the city:

MONEY MART #0253

2815 MAIN ST
Vancouver, BC V5T 3G1
604-872-3783

Services:

• Money Order
• Money Transfer
• Quick Collect

MONEY MART #0201

345 EAST BROADWAY
Vancouver, BC V5T 1W5
604-871-9792

Services:

• Money Transfer
• Quick Collect

SAFEWAY #33

555 WEST 12 AVE
Vancouver, BC V5Z 3X7
604-872-8762

Services:

• Money Transfer
• Quick Collect

MONEY MART #0252

998 WEST BROADWAY
Vancouver, BC V5Z 1K7
604-676-2014

Services:

• Money Order
• Money Transfer
• Quick Collect

SEASONS TRAVEL CENTRE INC

110 E PENDER ST
Vancouver, BC V6A 1T3
604-687-8188

Services:

• Money Transfer
• Quick Collect

MONEY MART #0203

1281 HOWE STREET
Vancouver, BC V6Z 1R3
604-687-8046

• Money Transfer
• Quick Collect

For more locations please visit Western Union Canada: http://www.westernunion.ca/.