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Old 03-01-2006, 07:37 PM
ChuckyB ChuckyB is offline
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Join Date: Apr 2005
Location: Fox Soccer Report
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Default Re: Neteller ING DIRECT Canada

[ QUOTE ]
How are Canadians dealing with their poker money? Since I travel to the US at least twice a year, I'd rather keep it in US funds, and since it's a good chunk of change, I'd like to earn a little interest on it.

[/ QUOTE ]

I don't cash out US$ - CAD through Neteller. Party Poker has a much better conversion rate. It's been about a penny higher than the going rate US$-CAD. Thus, way higher than what Neteller pays (going rate - 1.9% or whatever).

Once I get it from Party, it goes into my Canadian dollar ING account. That's the best I've come up with. But I don't have a real need for US$ once my money's come off the net.

The question that occurs to me is: Would you be saving money paying the US$ account fees 12 months a year? Or would the twice-yearly conversion fees for a lump sum be cheaper?
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