Re: Neteller Canadian Exchange
[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
Has anybody in canada tried getting a USD check mailed from Neteller, and if so, how did it work out?
[/ QUOTE ]
Yes, it works fine. Rather than getting screwed by the Neteller exchange rates you just get screwed by your bank [img]/images/graemlins/grin.gif[/img] The bank will probably put a 15 day hold on the funds while the check clears (at least the first couple of times). I deposited a check a week ago but don't expect any problems once the 15 days are up. If the check is for a significant amount just keep an eye on the exchange rates and cash it on a day where the exchange rate makes a favorable jump.
[/ QUOTE ]
Actually planning to put it in my USD checking accout, so would save double conversion for me.
[/ QUOTE ]
I would double check with neteller about doing this one.
I think that because you are in Canada they wont allow this, and if they do it will go something like this.
Neteller in US funds converted to Canadian funds (Neteller makes exchange profit). Now the bank takes the Canadian funds and puts them into US funds because that is what your account is in(bank makes money on the exchange).
I think you will end up getting charged on two exchanges.
rJ
|