|DESJARDINS||MIN. TRANSFER||SPEED||FX MARGIN RATE||*GUIDE RATES||MORE DETAILS|
|GBP £ - to CAD||NO MINIMUM||5/7 DAYS||4.5%||$1.54|
|EUR € - to CAD||NO MINIMUM||5/7 DAYS||4.5%||$1.373|
|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%||$1.597 to $1.603|
|EUR € - to CAD||FROM €100||FROM 1 DAY||0.7 to 1.0%||$1.424 to $1.429|
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Save on the exchange rate conversion when sending money abroad from your Desjardins bank account in Canadian dollars, UK pounds & euro currencies. Desjardins international money transfers to or from Canada have higher transaction charges, due to a less competitive exchange rate offered by Desjardins. Skip to: Canada Money Transfer Specialists
Typically, sending funds to or from your Desjardins bank account in Canadian dollars (CAD) or UK pounds will involve a margin rate of 4.5% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Sending foreign currency to or from your Desjardins bank 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 Desjardins services would have a transaction exchange rate margin of around 4.5% – or $4,500 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 Desjardins could take longer to arrive than using a private currency exchange provider and you will also need to be an existing Desjardins bank account holder to use their services. Desjardins 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, Desjardins 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.
Desjardins (Desjardins Group) was created in 1900 in Canada and today has over 400 local banking branches mainly located in Quebec and Ontario, serving over 7 million customers. The Desjardins Group is the largest association of credit unions in North America.