NATIONAL BANK of CANADA UK POUND & EURO to CAD EXCHANGE RATES
| NATIONAL BANK CANADA | MIN. TRANSFER | SPEED | FX MARGIN RATE | *GUIDE RATES | MORE DETAILS |
|---|---|---|---|---|---|
| GBP £ - to CAD | NO MINIMUM | 5/7 DAYS | 4.2% | $1.592 |  |
| EUR € - to CAD | NO MINIMUM | 5/7 DAYS | 4.2% | $1.382 | |
| 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% | $1.645 to $1.652 |  |
| EUR € - to CAD | FROM €100 | FROM 1 DAY | 0.7 to 1.0% | $1.428 to $1.434 | |
Table *GUIDE RATES are updated daily (Monday to Friday) at 09:00 GMT.
Desjardins International Money Transfers
Save on the exchange rate conversion when sending money abroad from your National Bank of Canada account in Canadian dollars, UK pounds & euro currencies. National Bank of Canada international money transfers have higher transaction charges, due to a less competitive exchange rate offered by the National Bank of Canada. Skip to: Canada Money Transfer Specialists
Typically, sending funds to or from your National Bank of Canada account in Canadian dollars (CAD) or UK pounds will involve a margin rate of 4.2% – much higher than most currency broker rates (typically 0.7 to 1.0%).
Currency Transfer Alternatives – National Bank of Canada
Sending foreign currency to or from your National Bank of Canada account 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 National Bank of Canada services would have a transaction exchange rate margin of around 4.2% – or $4,200 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.
National Bank of Canada – Other Useful Information
International money transfers from National Bank of Canada could take longer to arrive than using a private currency exchange provider and you will also need to be an existing National Bank of Canada account holder to use their services. National Bank of Canada 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, National Bank of Canada 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.
National Bank of Canada, Canada – About
The National Bank of Canada (also known as National Bank) was created in 1864 and is the sixth largest commercial bank in Canada. Today the National Bank of Canada has over 400 local banking branches across the country, serving over 2 million customers.
National Bank Canada – Head Office Address
National Bank Canada – 600 De La Gauchetière St, W Montreal, Quebec, H3B 4L2, Canada
TRANSFER PROMOTIONS
