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Old 03-03-2020, 10:53 AM   #41
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The Canadian banking system is much different than US system.

There are National banks like TD, Royal, CIBC, BMO, Scotiabank to name the top ones.

We (I ) use debit exclusively. If you use your smart phone and lock your pin with your thumb print or facial recognition it can not be hacked. This good up to $100 for tap.
I seldom use cash or a credit card. My Debit card is a Visa Debit and I use this online.

Fraud can happen, don't let fear work against you. Enjoy Canada
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Old 03-03-2020, 11:56 AM   #42
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Cheaper to pay fees

I did some research and came to the conclusion that it was cheaper to pay the transaction fees than it is to get a credit card that doesn't charge the fees but charges $80 per year for the card. I don't travel internationally very much anymore so that is what works for me. Your mileage may vary.
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Old 03-03-2020, 12:20 PM   #43
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Originally Posted by ColtarKDM View Post
I did some research and came to the conclusion that it was cheaper to pay the transaction fees than it is to get a credit card that doesn't charge the fees but charges $80 per year for the card. I don't travel internationally very much anymore so that is what works for me. Your mileage may vary.
There are lots of $0 annual fee cards with no foreign transactions fees.
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Old 03-03-2020, 06:23 PM   #44
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Couple of options to avoid exchange / service costs when up here in Canada'
I, too had an AMEX card and it was stolen while in Italy. Got it cancelled and when back, ordered a new one. They wanted a full year replacement cost even though 1/2 of the year had elapsed . see ya said I !! As mentioned by others, AMEX wants money for anything and they have the highest processing fees for Merchants.


Check with you card head office re your question re out of country use. regardless of your card, you will find all of them can be used up North with no extra fees. Your statement might state 35.00 @ ( the daily rate of exchange) and then that cost is carried to be your cost in US dollars. so you should gain at least 20% when shopping in Canada.

I have a VISA card which is in US dollars should I go South and I pay in Cdn. dollars plus exchange rate when invoice is due. VISA also has EUROs and English Pounds if you ever travel over seas. This might be just a Canadian thing but ask your bank/credit union.

You might want to consider applying for a Canadian dollar Visa or Mastercard from a Canadian bank / credit union but your mailing address would be in the USA. That way you pay the bill in US dollars but getting the exchange rate is a bonus.

There might be some regulations which prevent this happening but go online and search out the major banks in Canada and pose the question-you might get lucky.

There are rules and regulations when coming in to Canada at the border-food, vegetables and fruit, firearms ( not possible as we have very different rules re any sort of firearms. bear bangers etc. most stores and hotels also have the Interac option as well.

Contact the closest Canadian Embassy or consulate if you have questions- remember, there is no such thing as a silly question-only a silly answer.

enjoy the vistt
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Old 03-12-2020, 10:05 AM   #45
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I went to my bank and purchased canadian dollars for no fee
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Old 03-12-2020, 12:18 PM   #46
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I went to my bank and purchased canadian dollars for no fee
No obvious fee, they generally get there fee with an inflated exchange rate. Itís been a while for me but it used to be much better exchange buying foreign currency with USD in the foreign country.
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