Getting paid in Canada, living in Australia. Paying bills both here and there… What is the best way to manage that without contributing too much to the bank’s already massive profits? What strategies capitalize on exchange rates and avoid currency conversion fees? What about transferring funds internationally between banks?
What I have found:
HSBC has branches in both Canada and Australia. With their Advance and Premier accounts, international transfers are free but the minimum balance on the Advance account is $25,000 and $100,000 on the Premier. With a regular account, the fee is $30 per transfer.
