US vs Canadian Banks - exchange rates Ask an

In my limited experience I've found the best to be www.customhouse.com
  _____  
From: centapede-bounces at lists.centa.com
[mailto:centapede-bounces at lists.centa.com] On Behalf Of
centapede at lists.centa.com
Sent: Sunday, October 24, 2004 6:08 AM
To: CENTAPEDE
Subject:  US vs Canadian Banks - exchange rates Ask an
International real estate mutual funds immigration Divorce income tax expert
experts - David Ingram 's Services North Vancouver BC Canada Fred Snyder 's
CKBD AM600 Radio Show
HI DAVID,
THIS MAY NOT BE YOUR TYPICAL QUESTION & RIDICULOUS TO ASK YOU, BUT NO ONE
CAN GIVE ME A ANSWER I AM HOPING YOU CAN DO SO BECAUSE YOU HAVE SO MUCH
KNOWLEDGE & EXPERIENCE.
 
IF YOU ARE BUYING US DOLLARS WITH CANADIAN DOLLARS WHERE ARE THE BEST PLACES
TO DO SO?  I DON'T REALLY THINK MY BANK OR THE MONEY EXCHANGERS AT THE
AIRPORT GIVE YOU A VERY GOOD RATE BUT MAYBE I AM WRONG.   ARE THERE OTHER
PLACES THAT EXCHANGE MONEY THAT I DON'T SEEM TO KNOW ABOUT THAT GIVE YOU A
BETTER EXCHANGE RATE?
 
ALSO, WHAT IS YOUR OPINION OF HOW THE BANKS IN THE USA OPERATE COMPARED TO
THE BANKS IN CANADA?  I KNOW THIS MAY SEEM LIKE AN UNFAIR QUESTION BUT I
SEEM TO HAVE PROBLEMS WHEN I DEAL WITH THE BANKS IN THE USA.
 
BEST REGARDS,
Saskatchewan
==================================
david ingram replies:
 
If you shop around, you will find that different money exchange operations
can give a better rate.
 
In BC, CKNW's Michael Levy's Collectibles Currency Exchange branches seem to
have as good or better rates than any other place I have found.  1/4% does
not make much difference on $200.00 but on $50,000 it means a good dinner.
(604) 582-0088
 
I understand that the reason the Collectibles can offer a bit more for
Canadian Dollars is that they do a lot of large trading in the lumber
business and need Canadian Dollars to buy lumber. 
  
Dealing with any bank is a matter of personalities and time.
 
US banks have had a lot of restrictions put on them since 9/11 when it comes
to dealing with non-residents.
 
If you are not an easily recognized person/business with impeccable Canadian
banking references, and intending to deal a large amount of money, the US
bank has little incentive to make your life easier.
 
Canadian businesses with US accounts for a dozen years are being asked to
justify their need for an American bank when it is so easy to have a US
dollar account in Canada.
 
The following might help.
------------------------------------------------
The Maine Man
 
Some friends were on vacation in Maine,
and while watching fireworks heard their 
small son say, "Oh, God!" 
 
The father quickly cautioned his son, 
 
"Please don't speak the Lord's name in vain." 
 
The boy nodded but obviously mis-heard,
 because he asked quietly, 
 
"Is it OK if I speak his name back in Minnesota?"
=======================================
 
Answers to this and other similar  questions can be obtained free on Air
every Sunday morning.
 
Every Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Cartier
Partners and I will be hosting an INFOMERCIAL but LIVE talk show called "ITS
YOUR MONEY"
 
Those outside of the Lower Mainland will be able to listen on the internet
at
 
www.600AM.com 
 
Local phone calls to (604) 280-0600 - Long distance calls to 1-866-778-0600.
 
Old shows are archived at the site.
 
 
 
This from ask an income tax immigration planning and bankruptcy expert
consultant guru or preparer  from www.centa.com or www.jurock.com or
www.featureweb.com. Canadian David Ingram deals daily with tax returns
dealing with expatriate:
multi jurisdictional cross and trans border expatriate gambling refunds for
the United States, Canada Mexico Great Britain the United Kingdom, Kuwait,
Dubai, Saudi Arabia, South Africa,  Thailand, Indonesia, Egypt, Antarctica,
Japan, China, New Zealand, France, Germany, Spain, Italy, Russia, Georgia,
Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida, Montana,
Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan, Mali, Bangkok,
Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, St Vincent, Grenada,,
Virgin Islands, US, UK, GB, American and Canadian and Mexican and any of the
43 states with state tax returns, etc.
income tax wizard wizzard guru advisor advisors experts  specialist
specialists  consultants taxmen taxman tax woman planner planning  
 
preparer of Alaska,  Alabama,  Arkansas,  Arizona, 
 California Denver  Colorado, Connecticut,  
Delaware District of Columbia Miami  Florida, 
Garland Georgia,  Honolulu Hawaii,  Idaho,  Illinois,
 Indiana Des Moines Iowa  Kansas  Kentucky, 
 Louisiana  Bangor Maine  Maryland  Boston, Massachusetts, Michigan,
Minnesota,  
Mississippi,  Missouri,  Montana,  Nebraska,  
Nevada, New Hampshire,  New Jersey, 
New Mexico,New York, North Carolina,  
North Dakota,  Ohio,  Oklahoma,  Oregon. 
Paris,  Rome, Sydney, Australia Hilton
Pennsylvania,  Rhode Island,  Rockwall, 
South Carolina, South Dakota, Tennessee,  
Texas,  Utah, Vermont,  Virginia, 
West Virginia, Wisconsin, Wyoming, 
British Columbia, Alberta, Saskatchewan, 
Manitoba, Ontario, Quebec City, 
New Brunswick, Prince Edward Island, 
Nova Scotia, Newfoundland, Yukon and 
Northwest and Nunavit Territories,  
Mount Vernon, Eumenclaw, Coos Bay 
and Dallas Houston Rockwall Garland 
Texas  Taxman and Tax Guru  and wizzard 
wizard -
 
 David Ingram's US/Canada Services
US/Canada/Mexico Tax Immigration & working Visa Specialists
US / Canada Real Estate Specialists
4466 Prospect Road (Personal residence by appointment only please)
North Vancouver,  BC, CANADA, V7N 3L7
Calls accepted from 10 AM to 10 PM 7 days a week
Res (604) 980-3578 Cell (604) 657-8451
Bus (604) 980-0321 Fax (604) 980- 0325
davidingram at shaw.ca www.david-ingram.com
 
Disclaimer:  This question has been answered 
without detailed information or consultation and 
is to be regarded only as general comment.   
 
Nothing in this message is or should be construed 
as advice in any particular circumstances. No contract 
exists between the reader & the author and any and all 
non-contractual duties are expressly denied. All readers should obtain
formal advice from a competent financial, or real estate planner or advisor
& appropriately qualified legal practitioner, tax or immigration specialist
in connection with personal or business affairs such as at www.centa.com.
 
 
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