View Full Version : best place to sell U.S. money
im wondering where is the best place to sell my U.S. dollar...??
09ms3
08-19-2011, 10:34 PM
How much are you looking to unload... banks will typically take about 2% from the current market values... those currency exchange places are even worse... if you are not dealing with a huge amount try and sell it to somebody going over to the US soon for current market prices, that way you each save some money
Globex
08-20-2011, 09:08 AM
I generally don't buy/sell a lot so I do it through my bank, there's no "extra" fee as they just tack on a few % on the exchange to get their cut. I find it reasonable most of the time.....
Burner
08-20-2011, 09:14 AM
I know it sounds silly, but some online gambling sites do it for free. I know with Pokerstars you can deposit using U.S. dollars, convert it at the current exchange rate in the software, then withdraw in Canadian.
If it's a large amount of money it's definitely worth it. But a few hundred I'd just go to the bank and take the hit.
Flagrum_3
08-20-2011, 10:54 AM
I'd say, at the moment; NOWHERE!!. The U.S dollar is taking a beating right now and unless your desperate for cash, your better off opening a U.S account and just parking the money there for awhile....This also depends on how much cash we're talking about here, if it's substantial hold on to it, if not either go to the states for some shopping or cash it in at a loss.
_3
eguiyab
08-20-2011, 11:55 AM
I'd say, at the moment; NOWHERE!!. The U.S dollar is taking a beating right now and unless your desperate for cash, your better off opening a U.S account and just parking the money there for awhile....This also depends on how much cash we're talking about here, if it's substantial hold on to it, if not either go to the states for some shopping or cash it in at a loss.
_3
+ 1.
A US account at the bank is your best bet. Over the past few months I have also noticed that you tend to get a ever so slightly better rate doing the conversions online aswell, instead of upfront at the teller. For a few hundred it may not be worth it, but if its a few grand.... i say it would be. We just tend to park some of the cash there for vacations.... tend to use the US mainly for that purpose.
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