Hi all coming to work in canada in june this year needs some advise on the money side of things.
DO i bring all cash or wait untill i open a bank account and transter or can i use a british debit card
to get cashout to pay for driving test and all the ather stuff involved,cheres. 
HSBC have branches in Canada, open an account with them in the UK and you don’t have to worry about transfers and all that malarky 
Well You learn something new everyday. Good tip I did’nt have a clue about that. I used a money transfer company that a friend introduced Me to.
I’m with barclays in the uk and you can transfer money to overseas accounts foc.
adrian austin:
Hi all coming to work in canada in june this year needs some advise on the money side of things.
DO i bring all cash or wait untill i open a bank account and transter or can i use a british debit card
to get cashout to pay for driving test and all the ather stuff involved,cheres.
You can use a british debit card to draw cash,Use a British credit card to pay for large amounts and settle the bill on the internet banking,Then when your sure about what you are doing transfer your wedge over to a Canadian account,Just an idea for ya.
fly sheet:
Well You learn something new everyday. Good tip I did’nt have a clue about that. I used a money transfer company that a friend introduced Me to.
So did we 
you can take a wad of Traveller’s cheques if you want that will help if you want to open a bank account when you get there…
not sure about bank transfers s some banks charge on the exchange rate where others do it per transaction.
Either way let your UK bank know what your doing so that they don’t stop your account because of (unusual ) transactions.
Also have some one IE mum or dad etc have access to your account or affair’s just in case something needs sorting while your away.
Property and financial affairs Lasting Power of Attorney
This lets you choose 1 person or more to make decisions about money and property for you, eg:
paying bills
collecting benefits
selling your home
You can appoint someone to look after your property and financial affairs at any time.
gov.uk/power-of-attorney/overview
It sounds daft but worth it.
Yeah I did that years back, mines Me Mum Shes a star…
I did that too, mine was the official receiver, not such a bright star
As NMM says , open an account with HSBC in Britain then you can open a new one here without hassle , and transfer funds through your branch in Canada for $10 per transaction . Well it was 10 bucks back in the day ,probably do it for free if you ask them now . You will get a decent exchange rate also , some places might offer more but it’ll usually cause grief .
We never used them until just before our move , but they were and continue to be a good bank .
THANKS FOR ALL THE INFO CHERES
It depends on how much money you want to change… If its just a small amount, say up to £5,000 take cash with you.
When you get there, join any bank (I usually try to choose the same bank as the employer), open the account with the minimum amount… then check any Canadian bank ‘Current’ basic exchange rate’s online, here’s one: Exchange rates - Bank of Canada
Shop around at the other nearby banks for the best cash and lowest rip off commission rate’s (if you can’t be bothered, see below!).
(For only £5000 changed at the crappiest rate of say $1.45 to the pound… compared to the best rate $1.61 to the pound, the cash difference in your pocket is an $800 dollar loss 
… it’s well worth shopping around for a few hours 
)
Doing the Sums (I’m not being patronising I’ve seen loads of people who mess these sums up and lose out big style 
)
GB Pound x Canadian Dollar Rate: e.g £5000 (Multiplied by x ) 1.61 (The current exchange rate)= $8050 Canadian Dollars (Minus any % commissions 
)
Canadian Dollar rate back to GB Pound: e.g $8050 (Divided by) 1.61 (The current exchange rate) = £5000 GB Pounds
Exchanging any money above say £10,000 your money is safest using a British Bank (can be all be easily done online) and is well protected if anything goes wrong. (Remember British Bank are greedy vultures and will always try to sell you pointless and worthless ’ travel protection insurances’ etc if you go in and see them…)
Cash: If lost or stolen you’re bolloxd (you control and choose to get the best exchange rates and least commission)
British Travellers Cheques: Trousers Down… Shafted (Less risk than taking cash but always crap exchange rates compared to changing cash… you lose)
UK Bank Counter Cash Exchange: Trousers Down… Shafted (Crap exchange rates in UK and high commission)
Airports: Trousers Down… Shafted (Crap exchange rates and high commission, you lose)
Hotels: Trousers Down… Shafted (Crap exchange rates and high commission, you lose)
Brokers: Risky and easily Shafted (Ok exchange rates, but high commission, can be very risky… see below!) Currency exchange: how safe is your money?)
Banks: Your money is safe and well protected if anything goes wrong between banks… always use a bank for large amounts!.
British cashpoint card’s are a great way to get small amounts… but the rates can fluctuate, or even worse, the machine ‘swallows’ your card 1000 miles from home at 4 am in the morning using a service station ATM machine in a different country (It happend to me years ago!) your life can become hell… only use at main bank ATM’s for cash widthdrawls when using your UK card if you can…
For me personally…after being shafted in various ways over the years, I change a hundred quid to the ‘landing currency’ at the best rate i can get in the UK and always take the rest as GB Pounds cash 
Col
The HSBC route is a good bet if you want to ever send money back to the uk as as much as we moan about banks in Britain the major Canadian banks td scotia bank rbc etc are nowhere near as geared up for online banking and transfers etc
Don’t forget to declare more than a grand in cash if it’s in your pocket/bags (I don’t know how to do this though), if one of the dogs in the airport get a whiff you might end up in an ‘interview’ as your plane leaves the tarmac.
They do have dogs trained to sniff cash too
kr79:
They do have dogs trained to sniff cash too
■■■■ right , I’m married to one
flat to the mat:
kr79:
They do have dogs trained to sniff cash too■■■■ right , I’m married to one
Same here!!
UK: You can take a good few million out of the UK but anything above 10,000 euros means you will need to declare it, and prove where it came from… easy! (there is no harm you ‘asking them’ when you are there at the airport if you want. ) I’ve always been told ‘no worries’ with around 5k when leaving UK.
HMRC site and form’s here if you take over 10k in euros.
Website and Form: search2.hmrc.gov.uk/kb5/hmrc/for … ndguidance
Canada: You can also take a good few million into Canada in cash, but anything over $10.000 Canadian Dollars must be declared to the CBSA below.
Canada Border Services Agency
Website: cbsa-asfc.gc.ca/security-securit … u-eng.html
adrian austin:
Hi all coming to work in canada in june this year needs some advise on the money side of things.
DO i bring all cash or wait untill i open a bank account and transter or can i use a british debit card
to get cashout to pay for driving test and all the ather stuff involved,cheres.
I will be coming into a large amount of money soon as my brother is the deposed king of some fly blown African country who is having cash flow problems, so if you would like to send me all your money I personally guarantee to deposit a cheque for CAD $20,000,000 into a bank account in Canada for you.
It might be easier if you meet me with the cash in a brown paper bag at Morrisons car park tomorrow.
All the best,
Simon Baloney.
flat to the mat:
kr79:
They do have dogs trained to sniff cash too■■■■ right , I’m married to one
^like^
flat to the mat:
kr79:
They do have dogs trained to sniff cash too■■■■ right , I’m married to one
funniest thing I’ve seen on here in a while.