Transfer Money from USA to Canada

mikeh45
Contributor
Contributor

 Is there a fee to the recipient when money is transferred from the USA to Canada?

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2 REPLIES 2

kernowlass
Esteemed Advisor
Esteemed Advisor

@mikeh45

If you are buying something then yes the seller pays a fee.

If you are using the family / friends option then you will pay currency conversion charges and the receiver will pay cross border charges.


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mikeh45
Contributor
Contributor

What are the conversion charges on 1000 USD ? I have a USD bank account does this mean no conversion charges need be charged? I would use the Friends/Family option so what would be the cross border charges on 1000 USD.

Thank you


wrote:

If you are buying something then yes the seller pays a fee.

If you are using the family / friends option then you will pay currency conversion charges and the receiver will pay cross border charges.


 

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