guptaa said:
Hi MDV,
Although I do not have much idea on it. But, I assume travellers cheque could be heavy on your pocket (bank fees). You may consider opening account with Scotia bank.
Hope you are gearing up for landing, are you done with ticketing?
Well I have investigated on this matter
My findings are
1. Travellers cheque are now stopped by many banks only few offer it .
2. DD OR Travellers cheque or bank transfer is all the same all will undergo CAD conversion on the rate.
3. Scotia bank has a condition which is you cant open the bank account in 15 business days (which i think is 3 weeks) .This impacts people who have booked ticket say 1 month prior and still waiting for stamping and know that visa stamping will take some time .
Ticket prices will be high if you want to go early and you want to book ticket after getting visa
4.Icici bank looks good as they don't have such 15 condition and you can draw money as soon asap .
http://www.icicibank.ca/personal/crossborderbanking/hellocanada.page
Only worrying thing about ICICI is that they will give statement in courier and for the courier to reach us will take 5 working days and you must be knowing
Bangalore courier boys are not worth trusting as they don't deliver most of the times.
Also from ICICI customer service it is known that more than 50 people have travelled using ICICI statement
5.There is HSBC as well but I have not explored .
6.There is a option of buying DD as well if opening account takes time and doesn't sit well in your travel plans.
I would like to have debate on this with forum mates /my frns ;D