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Jennifer Roth
  • Rochester, NY
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Is there a charge when transferring funds from Canada into a US account?

Jennifer Roth
  • Rochester, NY
Posted Dec 2 2014, 18:11

Hi there,

I was wondering if anyone would be able to answer my question. I am looking to borrow money from one of my investor friends who live in Canada. My attorney stated that this investor should be able to transfer money right into the attorneys escrow account with no problems. However, do we need to consider the currency exchange or are there any other fees we will have to pay from transferring this from Canadian account to American Account?

Any help would be greatly appreciated!! Thank you so much! 

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