Can you elaborate on"I am still using US credit cards with no international transaction fee as Scotia just gave each of us $500 credit card"
Thanks for your help, in advance
1. how are u able to use US c Cards without transaction fee.
There are cards which charge no international transaction fees like venture by capital one.
2.Did they give you Secured C Card for $500 or the normal one
Normal one- 500 for me, 500 for my wife.
3. Did you give personal Check to open your account with Scotia, and how long it Will take to go through( getting funds in your Scotia Account)
I gave personal BOA check. On hold depends on the person who opens your account, I think. It still is not cleared; on hold for 21 days.
I would suggest you shop around for bank accounts. There are people who used RBC,TD bank etc. Ask them.
Also Scotia's (may be most banks )exchange rate when u buy CAD will be 0.2 less than what is posted on internet.Like today's is 0.97 but when u buy, you get 0.95; ie, for 1000 bucks you get just 950.00 CAD. On the day, I opened the account, the rate was 0.94; so I had to buy CAD for 0.92
Also my US card gives me 0.97.....