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I want to transfer money to an American bank account, but I am in Canada. What is the cheapest way to do so?

MetaFilter has:

  1. USPS mail order - $700 limit, $4 charge
  2. Vanilla wire transfer (My bank requires it be done in person and charges $30 per transaction, limit $3000)
  3. Cheque: ($40 fee?)

Any gotcha's (i.e. HIDDEN FEES) and / recommended methods?

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XE.com will do an ACH transfer for no fee, and they'll give you a better exchange rate than your bank. I use them for converting CAD/USD.

  • Thanks. Does xe.com impose a maximum transfer size? – nealmcb Jul 15 '11 at 16:22
  • @nealmcb I seem to recall a limit of $10,000. You can get that adjusted by calling them. – Matthew Read Jul 15 '11 at 16:27

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