Money Transfers

You might think that Canadian and US banks are hooked up pretty well. You'd be wrong. Canadian banks might as well be in Thailand. This is problematic becuase I'm paid into my US bank account, but I have to pay some bills out of my Canadian account. This means that I regularly have to transfer money between the accounts. The standard way to do it is a wire transfer, but that can cost around $40 becuase of fees on both sides. If I were to deposit a personal check from my US account into my Canadian account, there's a 30-day hold on the funds. That's just ridiculous.

But, I have found a solution: PayPal. With my Canadian PayPal account, I can link it to both bank accounts and then move money between them via PayPal. And so far, it's looking like it'll be free. That's more like it.