Hi,
We are moving to the US in a couple of weeks on a TN visa. Just sold the house and we will be moving after the closing is completed.
What is the best way to move our financial assets? I dont have a bank account in the US yet.
Is a wire transfer the best option?
What about conversions between CAD$ and US$ -- how to get the best exchange rates?
Alternatively, Im also looking into correspondent banks like Wise (used to be TransferWise) where I can get a multi-currency account and have a US routing number.
thanks in advance
SA
Best option for moving financial assets?
Moderator: Jim Eiss
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Re: Best option for moving financial assets?
You can make an asset exchange! Asset swaps can impose fixed interest rates of bond coupons on floating ones. Asset exchange converts cash flow characteristics to hedge risks from one financial instrument with undesirable cash flow characteristics to another with favourable cash flow. This increases liquid wealth(https://thecentsofmoney.com/why-liquid- ... h-matters/)! The asset exchange transaction involves the protection seller, who receives cash flows from the bond, and the swap buyer, who hedges the risk associated with the bond by selling it to the protection seller. The buyer pays for the asset exchange spread equal to LIBOR plus a pre-calculated spread.
Re: Best option for moving financial assets?
Nothing tough about it, a wire transfer is the best option, just wait good rates
Re: Best option for moving financial assets?
his is how I transferred my assets when I moved to Canada. I even managed to set up to pay my mortgage I had got in the UK from Canada with the help of a guy from Mortgage Broker Essex.
Re: Best option for moving financial assets?
Nothing tough about it. A wire transfer is the best option; just wait for good rates. This is how I transferred my assets when I moved to Canada. I even managed to set up to pay my mortgage I had got in the UK from Canada with the help of a guy from Mortgage Broker Essex on https://Essexmoneyman.com. What I did was take a loan from a bank in the UK to open a business in Canada. The loan is considerable, so I had to mortgage my house to get it. Once I got the money, I opened an account in a Canadian bank and had the money wired when the rates were good. The commission was 0.1% of the entire sum.
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Re: Best option for moving financial assets?
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