transfer money

Hi
I am living in Cairo, Egypt and want to sent money to my bank account in canada - but it seems i have to pay from $40 to $100 per transaction - does anyone know of a way around this?

Thanks

Sqonky

Hi there,

I've done this a few times, and it's always subject to lots of fees, and I've found doesn't make much sense on transferring smaller amounts of money.

It also depends on which banks you're going through, they'll charge different rates. You might want to try something like Western Union perhaps.

Some banks ask for a SWIFT code along with the bank account info. I found using the SWIFT code option was more expensive.

I even tried doing it with Paypal, but that has it's own fees, though it wouldn't add up to $40! That might be an option for you.

Good luck!

I regularly send money to Canada by writing cheques on my Uk bank account. The bank in Canada "holds" the funds for a month, but there's no fees.

Someone suggested using PayPal to send money home. I set up an account here in the UK and have one in Canada too.

It so cheap and it only costs 50¢ to put it right in your Canadian bank account. There is also a 2.5% service fee on the conversion, which is pretty standard.

The Canadian PayPal also lets you set up a Sterling account which is a bonus.

I am not sure if you could do this in Egypt..you could look into it.