When i migrate from USA to Canada what is the best way to transfer my money there?

Question

stocks. bank accounts, etc.
Is it possible to open a bank account in canada while being in the US?

Answer 1

Go to Canada and open a bank account. Put just a few dollars in. Wait until they issue your ATM card and print your checks. Use your American account until the Canadian account is completely set up. Then deposit a check from your American account, and start using your Canadian account as your primary account. Wait until all checks clear the American account. Then write to the American bank, ask them to close the account and mail you a check for the balance.

Answer 2

If you have your stocks in an account where you can sell them online and the money gets direct/electronic deposited there is no need to transfer, especially if the account in America can be used at ATMS (like if it has a VISA or Mastercard logo on it).


But, study up and be wise. Transferring/Exchanging money is expensive. Further, the Canadian dollar is running at all-time highs against the US dollar. If you had moved even 2 years ago, your US money would have been worth about 10-15% more...

Answer 3

Go to Canada. Open the bank account there. Then call the bank in the U.S. and transfer the money to Canada. U.S. banks have lousy security and allow you to request international transfers without actually appearing in person and showing identification, although they should stop this, because there is a lot of fraud.

Answer 4

any bank can do it