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Bank Draft in CAD or US$

ksa2can

Member
Oct 18, 2010
17
2
Dear All & Respected Seniors Members,

Which currency i.e US$ or CAD is recommended in form of Bank Draft. Does banks in Canada take same time to process the Draft in CAD or US$ . Please advice.

Thanks in advance.

Kind Regards/SR
 

Kanamen

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Oct 20, 2010
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ksa2can said:
Dear All & Respected Seniors Members,

Which currency i.e US$ or CAD is recommended in form of Bank Draft. Does banks in Canada take same time to process the Draft in CAD or US$ . Please advice.

Thanks in advance.

Kind Regards/SR
My friend ,if you are new comer ,landing first time in Canada with a bank draft made outside Canada,hers how it works
You have to open a bank account and have to deposit the draft .It will take some time to cash ,you can say about 7,8 days .Better to bring C$ draft but its a not big deal if you have US one.
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ksa2can

Member
Oct 18, 2010
17
2
My apologies, my query was bit confusing. What I meant was can the settlement funds be in CAD or US$ not the application fee.
 

canada_future

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Mar 2, 2010
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ksa2can said:
My apologies, my query was bit confusing. What I meant was can the settlement funds be in CAD or US$ not the application fee.

Yes it can.