Author Topic: Canada to US USD transfer?  (Read 7114 times)

Offline Specialized

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Re: Canada to US USD transfer?
« Reply #40 on: March 18, 2023, 10:27:57 PM »
I would like to hear more about Norbert's Gambit, it seems like the best way to go. I would have to set up a new brokerage account on the US side, linking to a Canadian TD CAD account. Does anyone have experience with this and which brokerages work? This would be for occasional 15k transfers.

Offline Alexsei

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Re: Canada to US USD transfer?
« Reply #41 on: March 18, 2023, 10:40:27 PM »
I would like to hear more about Norbert's Gambit, it seems like the best way to go. I would have to set up a new brokerage account on the US side, linking to a Canadian TD CAD account. Does anyone have experience with this and which brokerages work? This would be for occasional 15k transfers.
If you're based in Canada you don't need a brokerage account on the "US side" you need a brokerage account that allows you to trade in both USD/CAD
I did it with questrade
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Offline Specialized

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Re: Canada to US USD transfer?
« Reply #42 on: March 20, 2023, 07:02:27 AM »
Does it work to link a physical Canadian account to questrade, or do you need to set up a CAD account and wire transfer it for setup?

Offline Alexsei

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Re: Canada to US USD transfer?
« Reply #43 on: March 20, 2023, 08:48:12 AM »
Does it work to link a physical Canadian account to questrade, or do you need to set up a CAD account and wire transfer it for setup?

What do you mean by physical Canadian account versus account?
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Offline Specialized

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Re: Canada to US USD transfer?
« Reply #44 on: April 03, 2023, 09:27:43 AM »
Meaning, can you link the Canadian banking system right into it, or do they store CAD in their own accounts? I guess it's really semantics, it should work either way.

Offline Thingywingy

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Re: Canada to US USD transfer?
« Reply #45 on: May 11, 2023, 09:32:54 PM »
Anyone have experience doing Norbert's Gambit on TD Direct Investing? Can the transfer/sale be done online without a representative? Rep told me that you need a trader but link below says that it can be done online? https://www.stocktrades.ca/norberts-gambit/#t-1617938208489
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