Hi,
I will work as a PostDoc in Toronto for two years and receive European salary. Does anyone have any experience/tips regarding working in one country and receiving salary from another? At what point do you lose the most money by transferring between two countries?
1. Would you recommend transfer money to a Canadian bank account on a regular basis?
Affected by exchange rate. In this case there will be transfer fee plus any costs by the Canadian bank.
2. Would you use your European credit card?
My credit card has no annual fee or use fee. Foreign transaction fee 2%
3. Does anyone have experience with Canadian banks and can recommend me one?
I will work as a PostDoc in Toronto for two years and receive European salary. Does anyone have any experience/tips regarding working in one country and receiving salary from another? At what point do you lose the most money by transferring between two countries?
1. Would you recommend transfer money to a Canadian bank account on a regular basis?
Affected by exchange rate. In this case there will be transfer fee plus any costs by the Canadian bank.
2. Would you use your European credit card?
My credit card has no annual fee or use fee. Foreign transaction fee 2%
3. Does anyone have experience with Canadian banks and can recommend me one?