Whether you’re traveling or sending 外匯利率 abroad, we can help ensure your foreign currency transactions are processed safely and securely. Need to talk to us directly?
This information is for our Personal Banking Customers. When we refer to foreign currency, we are referring to a currency other than Canadian Dollars. A foreign currency exchange is a purchase that occurs when you purchase foreign currency from us or we purchase foreign currency from you. An exchange rate is the price at which one currency can be purchased or sold for another currency.
For example, the exchange rate determines how much in Canadian Dollars it will cost to purchase U. Exchange rates fluctuate throughout the day. Receive a wire payment or deposit a cheque in a currency that is different from the currency of the account into which you are depositing the funds. For these services, we will quote to you our applicable exchange rate for the transaction and you may choose whether or not to complete the transaction. When funds to be deposited into your account with us are in a currency that is different from that account, such as with an incoming wire transfer, we convert the funds into the currency of your account, and then deposit them into your account.
The exchange rate we use is our applicable exchange rate in effect when the deposit is posted to your account. There are other services where we do not set the exchange rate, such as when you use your debit or credit card outside of Canada to withdraw cash from an ATM or make a purchase. You will pay different exchange rates and fees for those services and you should review the agreements governing services and the use of those cards for more information. Our costs and risks related to dealing in foreign currency. This reflects our costs and risks of shipping, handling and holding foreign currency in cash. The exchange rate we use is our applicable rate in effect when the debit is posted to your account.