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Old 04-20-2007, 07:01 PM
nimajneb nimajneb is offline
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Join Date: Mar 2005
Location: T.O.
Posts: 125
Default Re: List of eWallets for Canadians

[ QUOTE ]
..so is it better to use C2P to convert US$ to CAN$, than doing the conversion at your bank?? What rates do they use, previous day?

[/ QUOTE ]

Well it's been reported (by Bobo, I think) that C2P doesn't charge a vig on conversions. As typical bank fees are about 2% (400 basis point spread between buy and sell) C2P would seem to be an excellent option.

If you've some sweet deal at your bank this can vary widely though. Some trading accounts offer about 0.5% fees. Provided what's reported is true (and there aren't any other hidden fees) what's best really all depends on what's available to you and how interested you are in playing the currency market.