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Traveling first time to Canada

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TheBoondocks
Established Contributor

Traveling first time to Canada

Hey guys, so I will be traveling to Canada for the very first time, where should I go to exchange my money at a cheap rate without fees? Or should I wait until the summer time to go to Canada and then exchange it at their ATM? Thanks!
14 REPLIES 14
RSX
Valued Contributor

Re: Traveling first time to Canada

I travel there two to three times a year.  I just go take money out of the ATM when I arrive there

 

check your CC's to see which ones don't charge a FTF and then take 2 of them, and charge as much as you can.  You won't need cash for a lot of items anyway.   

 

FTF = Foreign Transaction Fee

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Message 2 of 15
M_Smart007
Legendary Contributor

Re: Traveling first time to Canada


@TheBoondocks wrote:
Hey guys, so I will be traveling to Canada for the very first time, where should I go to exchange my money at a cheap rate without fees? Or should I wait until the summer time to go to Canada and then exchange it at their ATM? Thanks!

Also maybe @expatCanuck can chime in on this, with His Canadian expertise?

Message 3 of 15
K-in-Boston
Epic Contributor

Re: Traveling first time to Canada

I generally go there a few times a year as well.  The best exchange rates will usually be pulling money out of an ATM when you get there, but I rarely ever get cash.  Unless you are going to places where you would definitely need cash, credit card acceptance is extremely high.  Amex will be hit and miss (most chains and larger stores will take it), but Visa/MasterCard is near-universal.  You WILL want a contactless card (referred to as "tap" up there) or mobile wallet if you want to avoid strange looks handing your card over outside of touristy areas, and then the even more awkward time spent waiting for someone to find a pen for you to sign the credit card receipt with like it's 1985.  Smiley Indifferent

 

Not sure if you are driving or flying, but if you are driving and have Global Entry, bring your card as it allows you to use the NEXUS lane coming back into the US as long as everyone in the car has it.  You need an actual NEXUS card for entering Canada using those lanes, however.

Message 4 of 15
Remedios
Credit Mentor

Re: Traveling first time to Canada

@TheBoondocks. I have to ask, bro..is this *meet the girl* trip? 

Message 5 of 15
expatCanuck
Super Contributor

Re: Traveling first time to Canada

I have little/nothing to offer beyond what's been written above.

 

I bank with TD Bank in the U.S. (and have their TD Cash Visa card), and TD Canada Trust in Canada, so I'm pretty much covered for a decent exchange rate.  I'll emphasize the no FTF comment.


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Message 6 of 15
AverageJoesCredit
Legendary Contributor

Re: Traveling first time to Canada

Just remember for Fez to bring his green card!!
Message 7 of 15
Revelate
Moderator Emeritus

Re: Traveling first time to Canada


@K-in-Boston wrote:

 

Not sure if you are driving or flying, but if you are driving and have Global Entry, bring your card as it allows you to use the NEXUS lane coming back into the US as long as everyone in the car has it.  You need an actual NEXUS card for entering Canada using those lanes, however.


Thanks K!  Wasn't aware of that, Canada I figured was a little too close to home to visit but it might not be a bad spot to hole up for a month in my "working from home" world tour if scheduling permits.  That tip might come in handy if I road trip it.

 

 




        
Message 8 of 15
TheBoondocks
Established Contributor

Re: Traveling first time to Canada

Yeah Remedios, it is. Trying to find love man lol.
Message 9 of 15
Medic981
Valued Contributor

Re: Traveling first time to Canada

Don't confuse kilometers per hour and miles per hours, that can cause you to have blinky lights behind you!







Your FICO credit scores are not just numbers, it’s a skill.
Message 10 of 15
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