I know when sending a wire transfer I don't pay when one has a Chase Private client account, now does the receiving end get charged a fee for receiving the funds?
For example I want to send over $5,000 to someone in Canada from the US.
I can do PayPal friends and family, but then they'll charge him a fee to convert the money into Canadian dollars to deposit into his bank account.
Even if I would tell him to make a zelle account don't think that would help as he would still have to pay a transfer fee to convert it into Canadian dollars.
What I could do technically, is deposit the money in my own bank account and then the next time I'm in Canada take it out with my TD card or my Chase debit card.
Unless there's another option to convert the u.s. dollars into Canadian dollars without a fee?
Giving him US dollars cash is always an option just trying to see how I can converted to Canadian dollars?