ALTERNA SAVINGS CAD vs GBP/EUR EXCHANGE RATES
Compare Alterna Savings CAD currency transfer options to/from Canada. You can beat Alterna Savings exchange rates when making a Canadian dollar money transfer or overseas payment, save time, money and get the best deal.
| Alterna Savings | GBP to CAD | EUR to CAD | Minimum Transfer + Fee | TrustScore (Trustpilot) | More Details |
|---|---|---|---|---|---|
| Currencies Direct | $1.69 to $1.696 | $1.45 to $1.455 |  |  | |
| TorFX | $1.695 | $1.454 |  | | |
| Wise | $1.697 | $1.456 |  | | |
| Alterna Savings | $1.623 | $1.393 | |  |  |
About TrustScores: A TrustScore is calculated on a scale from 1 to 5 and is the overall measurement of reviewer satisfaction, based on all reviews the business receives via Trustpilot’s website.
About transaction fees: The transaction (or service) fee that banks and providers charge is made up of a fixed fee which varies, depending on where you are sending the money and which currencies apply to the transaction.
About money transfer providers: Unlike banks, money transfer companies offer the very best exchange rates and by keeping their margin rates low, they beat the banks by several percentage points.
About exchange rates: Money transfer exchange rates are calculated and updated weekdays, hourly 08:00 – 16:00. The exchange rates provided are indicative only and several factors may contribute to the final rate, including market conditions, transfer amount and the mode of transfer (online or via phone/email).
Alterna Savings International Money Transfers
International currency transfers to or from your Alterna Savings account in Canadian dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 4.9% and additional bank transaction or commission fees may apply.
Alterna Savings international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
Currency Transfer Alternatives – Alterna Savings
Sending foreign currency to or from your Alterna Savings account in Canada needn’t be a complex matter, moreover, you can save time and money when you use a specialist currency broker instead.
Specialist foreign exchange companies including our recommended providers here can save you money and time on the transaction. Our recommendations are based on international coverage and office locations together with the lowest foreign exchange margin rates offered.
Example: A typical overseas currency transfer of $100,000 Canadian dollars (CAD) using Alterna Savings services would have a transaction exchange rate margin of around 4.9% – or $4,900 CAD. Using a specialist broker, in this example TorFX – the exchange rate margin would work out at 0.7% – or only S700 CAD in total, which is a large saving over the bank service.
Alterna Savings – Other Useful Information
International money transfers from Alterna Savings could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Alterna Savings account holder to use their services. Alterna Savings may additionally charge a flat rate commission fee when sending money abroad into another currency and bank transfer commission fees vary depending on the amount you need to transfer. Private brokers offer commission free currency transfers, typically over a value of $5000.
Unless you pay a premium, Alterna Savings service will take from 5 to 7 days for your funds to arrive at the destination bank. Private foreign exchange companies typically complete the transaction either same day, or next day.
Alterna Savings, Canada – About
Alterna Savings is a Canadian credit union which was established in 2005 by the merger of CS CO-OP and Metro Credit Union. Alterna Savings provides full banking services, loans and mortgages, investment services and business banking through over 30 local banking branches in Ottawa, Kingston, North Bay, Pembroke and Toronto. It also provides service across Canada through its subsidiary, Alterna Bank, which has branches in Gatineau and Quebec.
Alterna Savings branch finder
Find Alterna Savings branch addresses near you with our geolocation map search. Simply enter the bank name (and optionally a city or country) and the map will display the closest Alterna Savings branches in your search area results.
Contact Alterna Savings from abroad
You can find answers to everyday banking questions at Alterna Savings online. If you can’t find the answer you’re looking for, you can call them from outside Canada on +1 877-560-0100
Alterna Savings – Head office address
Alterna Savings Ottawa – 319 McRae Avenue, 2nd Floor, Ottawa, ON K1Z 0B9, Canada
Still have questions?
Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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