Quote:
Originally Posted by Dubnjoy000
Your bank account is ultimately in US dollars, right? I still find myself having to let my CAD bank do the conversion fees, which is better than 888, but still...
So basically I leave enough on 888 to not have to deposit anymore and pay my bank conversion fees when I withdrawal... anyone have a better suggestion for Canadians?
Yes, a Canadian that plays online poker should open a US dollar bank account and make all your withdrawals and deposits from there.
As for converting US dollars that you receive to Canadian for everyday use, pull the amount out of your bank and shop it around the downtown business district of where you live as you will most certainly get better rates than at the bank. In Toronto, there is a Guardian currency exchange at near Yonge/Queen that is as close to the Market spot price (research that before you shop around so you can see how much your bank is screwing you) that I have found so I am sure you can find something similar for other big Canadian cities like Vancouver, Calgary, Montreal et cetera. For very large amounts in cheque (yes, that's how we spell it) form, you can also do the same so don't limit yourself to the bank because you are lazy/stupid.
As always, research and effort will be rewarded with better returns.
Last edited by restorativejustice; 09-22-2015 at 07:30 AM.