Compare National Bank of Canada CAD currency transfer options. You can beat National Bank of Canada exchange rates when making a Canadian dollar money transfer or overseas payment, save time, money and get the best deal.
International currency transfers to or from your National Bank Canada account in Canadian dollars, UK pounds, the euro and many other popular currencies will involve a margin or exchange rate of around 4.2% and additional bank transaction or commission fees may apply.
National Bank Canada international currency transfer rates are much higher than most money transfer providers (money transfer providers rates range between 0.45 to 1.0%).
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.
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.
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.
Find National Bank Canada 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 National Bank Canada branches in your search area results.
You can find answers to everyday banking questions at National Bank Canada online. If you can’t find the answer you’re looking for, you can call them from outside Canada on +1 514-394-5555
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Doing some research and evaluating options will ultimately save you time and money: Compare money transfer providers
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