Neteller ING DIRECT Canada

[theRealMacoy]

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Thanks for the info. The problem here is that I can't seem to get a US dollar bank account with B&M bank in Canada without paying outrageous fees.

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.

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i set up my Neteller account in us dollars (so don't get interest but i don't have a large br).

i also managed to get my royal bank (can dollars) checking account hooked up with my neteller account.

since, i was unable to do this at first (as i was told you need a U.S. address to hook up your account with a U.S. dollars account) i did the following:

-open neteller account

-hook up/verify your bank account with them (takes a few days)

-once account is verified tell them you want to change the currency to US dollars....in my case they opened a new one and closed the old one

-initially the bank stuff wasn't transfered but after a phone call it was fine


call them on the phone as the customer service is truly excellent (also instead of waiting on hold you can have them call you back). it took me 4 phone calls but since i was able to get through immediately most times it didn't take that long.

now all poker money remains in us dollars.

i have just got the neteller bank card for withdrawals in canada or us.

cheers,
sean

[chief444]

Chapstick,

There's really no easy way to do what you're asking. Believe me I've checked. I have a checking & savings account in a US bank and the same in a Canadian bank. But since I actually reside in Canada now I can't get my online money to my US account. I've found it's easiest just to do an EFT between the banks whenever I desire to do so with any reasonable amount. You could check around to compare different Canadian USD account fees and do that if you find something reasonable. For me though I just keep the US acct's now to cover my taxes. It's sort of an insurance policy for me to keep tax money in both rather than betting on the exchange. Although frankly I'm glad I transferred most of my US acct to Canadian when I did b/c I've made money as the exchange rate has steadily gotten better for the CAD. I honestly don't expect that to change with the oil industry still strong. But you never know for sure. Anyway, the Canadian banks have USD acct's just for people like you. But a lot of people I know here (Canadians) that travel to the US frequently find it less expensive and much more convenient to just open a US account in the US. You should be able to do this if you desire with a passport and other basic forms of ID (driver's license, etc.). If you do that it's your money and you could move back and forth I'm assuming between there and an interest bearing ING USD account.

But Neteller/FirePay have strict rules against transferring money to an account for a Canadian that isn't in CAD. I can't even do what your asking as a US citizen.

BTW Party >>> CAD account is the way to go. For some reason Party always seems to give a favorable exchange rate.

Chief