|COAST CAPITAL SAVINGS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to CAD||NO MINIMUM||5/7 DAYS||4.9%||$1.631|
|EUR € - to CAD||NO MINIMUM||5/7 DAYS||4.9%||$1.398|
|CURRENCIES DIRECT||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to CAD||FROM £100||FROM 1 DAY||0.7 to 1.0%||$1.697 to $1.704|
|EUR € - to CAD||FROM €100||FROM 1 DAY||0.7 to 1.0%||$1.455 to $1.461|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Save on the exchange rate conversion when sending money abroad to or from your Coast Capital Savings account in Canadian dollars, UK pounds & euro currencies. Coast Capital Savings international money transfers to or from Canada have higher transaction charges, due to a less competitive exchange rate offered by Coast Capital Savings. Skip to: Canada Money Transfer Specialists
Typically, sending funds to or from your Coast Capital Savings account in Canadian dollars (CAD) or UK pounds will involve a margin rate of 4.9% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Coast Capital 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 Coast Capital 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.
International money transfers from Coast Capital Savings could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Coast Capital Savings account holder to use their services. Coast Capital Savings may additionally charge a flat rate commission fee when sending money abroad into another currency and 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, Coast Capital 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.
Coast Capital Savings is a credit union based in British Columbia in Canada. Coast Capital has around 50 branches and over 500,000 customers, both business and personal clients. The range of products that it offers includes savings accounts, mortgages, loans, insurance and credit cards.