Quote:
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)
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Thanks for tip. However this particular host refuses to TT unless I have a minimum of $5K commission each month. It's a little sporadic and as I have 4 different accounts with them for tracking purposes, I'm screwed for now.