Author Topic: Transferring money Canada to Israel  (Read 994 times)

Offline Ergel

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Transferring money Canada to Israel
« on: October 05, 2018, 03:54:56 AM »
Anyone have a service they use and are happy with? Ideally I'd like to have my salary direct deposited into some bank account and have the money converted and sent to me in Israel.
I was using world first but they just realized that I live in Israel and they are not licensed here (?)
Appreciate any help.
Thanks
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Offline Ergel

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Re: Transferring money Canada to Israel
« Reply #1 on: October 07, 2018, 12:37:50 AM »
Bump
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Online Alexsei

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Re: Transferring money Canada to Israel
« Reply #2 on: October 09, 2018, 05:58:13 PM »
Bump
https://transferwise.com/ca/borderless/ would be the best option if only they give you Canadian bank details
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Offline Ergel

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Re: Transferring money Canada to Israel
« Reply #3 on: October 09, 2018, 06:30:11 PM »
Thanks, that might actually be the best idea, they support bill pay from BMO
https://transferwise.com/help/article/2875289/canadian-dollar-transfers/canadian-bill-payments-to-transferwise
Means I don't need to pay the BMO wire fee. and (almost as important) I don't need to go into BMO to initiate the transfer
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Offline emjee

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Re: Transferring money Canada to Israel
« Reply #4 on: October 10, 2018, 08:35:25 AM »
Transferwise is definitely your best option

Offline Pad18

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Re: Transferring money Canada to Israel
« Reply #5 on: November 06, 2018, 09:30:41 AM »
i plan to open an account with them, anyone has data on receiving money from Europe (France) and then transfer it to an us bank account?

Offline Ergel

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Re: Transferring money Canada to Israel
« Reply #6 on: November 08, 2018, 07:31:34 AM »
No experience with that specifically, but the process could not have been easier. Love the transparent pricing. And LOVE not having to do a wire transfer.
Thanks @Alexsei and @emjee
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Offline Pad18

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Re: Transferring money Canada to Israel
« Reply #7 on: November 12, 2018, 04:46:25 PM »
No experience with that specifically, but the process could not have been easier. Love the transparent pricing. And LOVE not having to do a wire transfer.
Thanks @Alexsei and @emjee

ok thanks for sharing.

i am looking on some info on their "borderless account" account .. did someone actually opened an account with TransferWise

Offline ludmila

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Re: Transferring money Canada to Israel
« Reply #8 on: November 12, 2018, 04:52:29 PM »
Can you transfer from the USA to Israel and from Israel to USA?
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Offline Ergel

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Re: Transferring money Canada to Israel
« Reply #9 on: November 12, 2018, 04:53:26 PM »
Can you transfer from the USA to Israel and from Israel to USA?
Yup, fee is .6%
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Online Buruch

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Re: Transferring money Canada to Israel
« Reply #10 on: November 15, 2018, 06:17:53 AM »

Offline Ergel

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Re: Transferring money Canada to Israel
« Reply #11 on: November 15, 2018, 06:30:12 AM »
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Online Buruch

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Re: Transferring money Canada to Israel
« Reply #12 on: November 15, 2018, 07:35:23 AM »
Looks like it depends how much you send.

Online Yehudaa

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Re: Transferring money Canada to Israel
« Reply #13 on: December 05, 2018, 03:58:57 PM »
Anyone have a service they use and are happy with? Ideally I'd like to have my salary direct deposited into some bank account and have the money converted and sent to me in Israel.
I was using world first but they just realized that I live in Israel and they are not licensed here (?)
Appreciate any help.
Thanks
I just posted about this on another thread but it might help in your situation too:

I just got a Stack Mastercard. It's a no-fee prepaid credit card that you load with CAD from a CAD bank account via interac e-transfer or bill pay (among other options) and then there are no FX fees or cash advance fees so it comes out to basically the mid market rate.  It's only a soft pull on your Canadian credit file. They also reimburse you for a year of Amazon Canada Prime.

I'm not sure if this would help for really large amounts like a paycheck as you'd have to withdraw it all at an Israeli ATM and then deposit it wherever you want in Israel but maybe it can work. I haven't tried it with ILS yet but it's supposed to work anywhere, and if it's really mid-market rate then it should be cheaper than Transferwise.

Offline Ergel

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Re: Transferring money Canada to Israel
« Reply #14 on: December 05, 2018, 04:02:40 PM »
Hmm... Would still be ATM fees. And ATMs limit to like 1000 ILS at a time. Could help a little bit
Actually, if my current fee is 1% - that's 10 Shekel per 1000 ILS. I doubt I'll find an ATM cheaper than that
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