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Hi. I've been used to dealing with my local Big 5 Bank for currency exchanges, but I'm really quite curious as to whether there's a cheaper way to transfer USD to CAD (and vice versa). For example, my bank is offering a 1.5 cent spread (1.0696) off of the current mid-market rate on xe.com (1.0848) on a $15K USD transaction. $225? Blech!
Is there a service that I *really* should know about for doing this cheaper? (For example, should I be bothering to sign up with xe.com?) Or do most people just take whatever the bank offers?
Thanks, in advance.
Is there a service that I *really* should know about for doing this cheaper? (For example, should I be bothering to sign up with xe.com?) Or do most people just take whatever the bank offers?
Thanks, in advance.