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gic funds tranfer more than 10100 is right or wrong

J

jassi2313

Star Member
Jul 22, 2013
52
0
in tranfering of funds more than 10100 cad is right or not plzzzz help i transfered 10128 cad.....
 
according to me there should not be any problm
u will get GIC
 
jassi2313 said:
in tranfering of funds more than 10100 cad is right or not plzzzz help i transfered 10128 cad.....
Click to expand...
Absolutely correct figures .
 
to be safe , you should send 10 180 $ as GIC funds , normally there are 3 banks involved in the transfering of funds . Each bank has a processing fee , so a set abount will be deducted by each bank during the process . if you have sent 10 100$ and lets say the second bank deducts 70 $ as processing fee , your gic funds will now come down to 10 030 $ and hence Scotia bank will not accept the funds . leading to refundment of the fee without having received any GIC certificate .
 
Hi every one

I am totally new to this forum and need some senior members to help me.
I will be making my GIC payment for 10100 $ tomorrow but i have a few doubts :

1) is it necessary to make the GIC payment from a account that is in my name, i will be actually making the payment from my mothers account.

2) Since the scotia bank says that they need 10100 $ how much should i wire transfer considering that intermediary banks will debit their processing charges as well.

Kindly help.

Thanks
 
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