Does anyone know the best bank in Canada for ATM and currency exchange fees?
Royal Bank of Canada charges $5.00 for all foreign transactions and I think an extra 2% currency exchange fee....
That's pretty hefty.
I was also thinking of preloading my credit card with money and taking it out like a cash advance. Supposedly it's only $2.50 per transaction and 2% exchange. As long as I don't start charging a negative balance (credit), it's not prone to interest
Is that correct?
I want to move my travel cash into a bank that has a lower fee. Which Canadian banks would you suggest? Are there any international or european banks that I can open up and transfer funds to within two weeks?
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