Originally Posted by rowan

If you're depositing those sorts of amounts regularly it may be worth doing a wire transfer, since banks will usually give you a slightly better conversion rate compared to a cheque. You'll need to calculate whether the extra fees - both at the sending end and any your bank charge on receipt - will wipe out the $ benefit of the better rate. The other gotchya, and this can be a biggie, is that you can't pick the best day to do the exchange; with cheques you can put them aside for a month if the rate is crappy (as I'm doing now)