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tommat
Charter Member
9 posts		 28-Jan-01, 01:56 PM (EST)
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"Transfer of funds"
 
   Hi,
I would be moving to Canada with my family in the next three months. I wish to know how I can transfer the funds that I have with me in Dubai in the United Arab Emirates to Canada. My bankers in Dubai, Standard Chartered Bank have informed me that they do not have a branch in Canada. Are traveller's cheques safe? Can I easily convert them to cash in Canada? Any suggestions on this matter would be helpful.
Best regards
Tom


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MANI
Charter Member
 03-Feb-01, 03:25 PM (EST)
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2. "RE: Transfer of funds"
In response to message #0
 
   Direct Standard charterd Bank to make a demand draft in your name to their any counterpart/linked Bank in (city)canada and then after arriving you can open acct. and deposit DD . It may take few weeks to confirm recieving of payment in your bank, so must take cash or t.chequ for that period.


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dcohenteam
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1410 posts		 31-Jan-01, 03:25 PM (EST)
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1. "RE: Transfer of funds"
In response to message #0
 
   A wire transfer should be possible once you have opened a Canadian account, although you shold coordinate this with your present bank before delarting.

Otherwise, traveller's cheques are a safe method, but I believe it would be more expensive.
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