CAD conversion problem

[Jennyjenny1947]

Hi all,

I my husband have account in Bank of America , USA, he have some USD.

He have USD credit card with Visa chevy chase . We are going to Canada, please tell me if will windrow money from Bank of America then we have to pay any conversion charges USD to CAD?

Or I have to pay extra money using credit card with Visa chevy chase credit card??

Or we will take money from our home country only but we have to pay conversion rate (2.1 RS extra on each CAD)

 

[jes_ON]

Your US credit cards will charge a foreign transaction fee if you use them in Canada.

If you use a credit card to "withdraw money" - take a cash advance - you will also be charged a transaction fee and a high interest rate.

If you have an ATM/debit card for your Bank of America (BOA) account, you can use it to withdraw money from your account while in Canada. You will be charged a foreign transaction fee. EXCEPTION - if you use it to withdraw cash at a Scotiabank (Canadian dollars) there is no fee.