Hi anyone, if this thread is still alive. What is the best way to transfer money from uae (aed) to canada (cad). I am considering doing it via online banking as my bank in uae informed me i can possibly close the account via email not in person. So then i would open canadian account once i am there, transfer money and close the uae account. Is that reasonable?
Transferring money from UAE to Canada
- Thread starter ocean18
- Start date
Currently the next day is not possible for most people. There is the 14 days isolation requirement.
Guy the best and easy way to transfer your money from Dubai to Canada is through HSBC bank. I found it useful as you can do it at your own convenience with their global transfer in real time. best way is to open account with opening a HSBC account in Dubai and through that open a Canadian account in hsbc Canada. with the help of their online banking itself you can transfer the funds any time from Dubai to Canada. i can share an advise that best is to open a usd account as well in dubai apart from aed as the USD and AED is pegged. similarly open a CAD and USD account in HSBC Canada ( through there telephone banking in Dubai). Once the account is open than convert the AED to USD and transfer USD to USD account in Canada without getting it converted. than when ever you get best exchange rate for USD to CAD just transfer within your account or withdraw US cash to take it to any exchange and convert. Remember HSBC bank allow you to maintain a Premier relationship if you maintain the minimum balance requirement with any HSBC bank worldwide. this way all you accounts are without any fee and charges but with all the premiere benefits of preferential banking. Also some may ask if we move out from UAE and cancel emirates ID how can we maintain the bank account ? so the answer to this question is that yes you can continue to keep the account but only as Saving account and not as Current account. So you can continue to transfer funds whenever required as per your choice in real time.
great to hear that.
How was the bank/transaction charges, percentage wise.
Did you find any other options which were more reasonable
Hi - Did you figure out how to do this in online banking? I'm having trouble finding the bank name for TD in the ENBD Mobile App. Thanks
Hi uppperkut - what was the name of the bank you used in the ENBD online banking application / online banking? I'm having trouble finding the bank name. Thank you!
Guys, seeking your advise how to economically ship few boxes from Dubai to Brampton..what will be the cost & how much time it will take
TD stands for Toronto Dominion. Maybe you find it there. I don't recall exact details, sorry.
Hello
I am not sure if this thread is active.
I wanted to know how much can be transferred per transaction to Canada as a first time immigrant?
Is it only 10k or can it be more?
To clarify this would transfer from Dubai babk account to Canadian bank.
I am not sure if this thread is active.
I wanted to know how much can be transferred per transaction to Canada as a first time immigrant?
Is it only 10k or can it be more?
To clarify this would transfer from Dubai babk account to Canadian bank.
you can transfer without any limit for legitimate funds for which source can be presented..10K limit is on carrying cash.
Yes, you can transfer from Dubai bank to Canada bank..it takes a few days...if the amount is big (more than 250K CAD), the best way is to use HSBC Global banking
Thanks for the response.
I tried opening a HSBC account but was literally shooed away by the sales person, wouldn't give us any details either.