Quote:
Originally Posted by boliver
cashout by check went through. all is gravy. cashed out $1100 and got $1100.09.
Process:
Cashout by check on stars
Check from german bank, all in german, euro currency
Mailed from Ireland to Mexico, through USA, with FedEx (I had tracking info the whole process)
Got a call from FedEx in Tijuana asking for directions (I live like behind a bakery in a not well known condo complex, and directions are **** in a small beach town). Gave dude directions, he was at my house 2 hours later with check in hand.
Mail check from mexico to schwab bank account, signed for deposit only, with a note telling them which account to put it into.
It worked. bit of a hassle but is vig/fee/conversion cost free. Could be good for large cashouts or anything 5 figs probably wouldn't be a horrible idea to currency speculate a bit, as this is a transaction cost free way of doing it and the dollar has been shaky lately with election year and all (i think, don't really follow this moving to mexico)
So when you cash out by check CAD, it costs like $5 on a $2k transaction for processing. Did you get lucky on the currency swing from the time you cashed out to receiving it, or do they really charge no vig for a Euros check?
Also, does Schwab give you vig free on the Euros > $$, or do people incorporate Monex or Oanda into the equation somehow?
Last edited by Gramps; 01-24-2012 at 06:36 PM.
Reason: I likes to ask lots o questions...