Transfering money from a canadian bank to the US?

Discussion in 'Professional Trading' started by Renegen, Jan 24, 2008.

  1. I'm looking to transfer some money for a trading account from a canadian bank(CIBC) into a US bank and before I can do that I need to convert into USD. The fee however is 2cents, which is huge. That amount can easily add up and eat up.

    I was wondering how do the other canadian traders do it?
  2. Just do a wire transfer and tell them you need it to output in USD. Some US brokers may take a bank draft...maybe.