Cashing out to USD Canadian bank acct - do I get screwed on exchange??

[teddyFBI]

You'd think I'd know the answer to this by now, but I simply don't. My brother lives in Toronto and has a US-funds bank account with his bank up there. When he wants to cash out from Party, for example, will Party convert the cashout amount to Canadian dollars??? Because since this account he keeps solely for poker use, he'd much prefer everything always be kept in US funds (it is, after all, a US funds account...he just doesn't want to get screwed on the back and forth exchange rate w/ every single transaction).

[boose_bagina]

is he wire transfering to party? last i know, or atleast a while ago when i first signed up, party didn't deal with with canadian banks. He's gold though, just set up a neteller account in USD funds. I screwed myself in exchange rates by having my neteller in canadian funds, and sadly I'm too lazy to do anything about it.

[Benal]

If he wires directly from Party to his USD account, there will be no currency conversion.

[Cartridge]

Every EFT from neteller to your CDN bank will be converted to CDN regardless. There's some organization that makes them do this. I've never done a straight withdraw from party to bank