INSIDE LAKESIDE
Log In or Register

Check your spam/junk folder for activation e-mail after you register.
INSIDE LAKESIDE
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Scotia online money transfers

Go down

Scotia online money transfers Empty Scotia online money transfers

Post by CanuckBob on Mon Jun 01, 2020 2:03 pm

For those that have a Scotia Bank account in Canada you can now transfer funds to any bank in the world online or via their phone app. They charge about 1.1%.

_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18599
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by ComputerGuy on Mon Jun 01, 2020 2:43 pm

Too bad it doesn't work the other way. U.S. banks can barely transfer to each other without incurring major charges, and certainly not to Canadian banks. Just think: all I need is the email address of the person to whom I wish to transfer funds.

So for example, when I design a book online for an author who doesn't have a Cdn bank account, they have to pay me via PayPal. And now that costs: first, with a very poor exchange rate, and then with a percentage of the total.
ComputerGuy
ComputerGuy
Share Holder
Share Holder

Posts : 2939
Join date : 2012-04-23

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by mudgirl on Mon Jun 01, 2020 3:16 pm

I know, I love the Interac transfer option. I can send $ to my kids and grandkids for their birthdays and they have it in a few minutes. It costs neither them nor me anything, unless I go over my amount of free transfers /month.

mudgirl
Share Holder
Share Holder

Posts : 437
Join date : 2020-05-10

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by Plan B on Mon Jun 01, 2020 4:01 pm

mudgirl wrote:I know, I love the Interac transfer option. I can send $ to my kids and grandkids for their birthdays and they have it in a few minutes. It costs neither them nor me anything, unless I go over my amount of free transfers /month.

There is a one dollar fee for the use.
Plan B
Plan B
Share Holder
Share Holder

Posts : 317
Join date : 2018-12-29

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by CanuckBob on Mon Jun 01, 2020 4:11 pm

Before you had to present yourself in person to do a wire transfer to a foreign bank. It works good for me. I have a Bancomer account for my business and I use it to pay bills and sometimes don't have enough in there. Now I can top it up from my Canadian account where I keep most of our money.

_________________
Vacation Rentals
https://casadecomo.webs.com/
CanuckBob
CanuckBob
Humble Administrator
Humble Administrator

Posts : 18599
Join date : 2010-04-04
Age : 57
Location : Lake Chapala (from Vancouver)
Humor : Sick and twisted

https://casadecomo.webs.com/

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by ComputerGuy on Mon Jun 01, 2020 4:42 pm

Plan B wrote:
mudgirl wrote:I know, I love the Interac transfer option. I can send $ to my kids and grandkids for their birthdays and they have it in a few minutes. It costs neither them nor me anything, unless I go over my amount of free transfers /month.

There is a one dollar fee for the use.

Different accounts offer different options. I get 4 free transfers per month, and because I maintain a certain balance, they always refund me if I go over, and all ATM transactions world-wide are free. Not only that, when payment is required, you are right: a buck a use. And it used to be $1.50. Have not seen a bank lower any rates too often.
ComputerGuy
ComputerGuy
Share Holder
Share Holder

Posts : 2939
Join date : 2012-04-23

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by mudgirl on Mon Jun 01, 2020 6:28 pm

Yes, I get 4 free transfers as well. Has to do with balance in account and also type of account. I get the senior's account perks.

mudgirl
Share Holder
Share Holder

Posts : 437
Join date : 2020-05-10

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by oatsie on Tue Jun 02, 2020 6:18 am

CIBC (Canadian Imperial Bank of Commerce) has Global Money Transfers for free.   https://www.cibc.com/en/personal-banking/ways-to-bank/how-to/global-money-transfer.html
oatsie
oatsie
Share Holder
Share Holder

Posts : 342
Join date : 2010-04-17
Age : 76
Location : Trent Lakes Ont. in the summer - Chula Vista in the winter

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by ferret on Tue Jun 02, 2020 7:34 am

TD Bank has aligned with Western Union to make worldwide money transfers. TD doesn't charge but Western Union does and there are limitations on the amount. I have been a loyal TD customer since I was 28. I, too, love their Interac feature though and it makes transfers within Canada a piece of cake. Here's the info on their Western Union Transfers...

https://www.td.com/ca/en/personal-banking/how-to/bank-accounts/international-money-transfer/
ferret
ferret
Share Holder
Share Holder

Posts : 7209
Join date : 2010-05-23

Back to top Go down

Scotia online money transfers Empty Re: Scotia online money transfers

Post by Sponsored content


Sponsored content


Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum