Best ways to carry money to CANADA!!!
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- čas přidán 8. 09. 2024
- In this video we discuss ways to carry money to CANADA from your home country.
Also we share personal experience in this video.
You can follow us on Instagram:
@gundeep555 and @gagandeep515
Also you can follow Canadian Dreams official Insta account:
@canadiandreams_youtube
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Cheers!!
The video I was looking for.. Thanks again guys :) Audio has improved too
thanks Upkar
Video lengths are perfect, 10 mins max & to the point. Great going guys, Keep it up.
Excellent work!
detailed videos are good options rather than small ones bcoz we will be knowing detail information from both of you. thank u so much.
Detailed video is better coz those who are seriously thinking to come thr in canada, it ll b really helpful for them like me...so tq once again I actually wanted to know about it
Watched till the end ☺️
And love ur videos and the info ull share...
Tbh it doesn't matter to me whether the video is too long... It's about how engrossed we are while listening to u guys... And sometimes the more u talk, the more u share.. So that's great.... Much love to ull ❤️
we watched till end. And must say that you guys are doing gr8 job.
It's great to see hard-working people in this country!
You guys are doing a wonderful job🙂 you Guys explained everything I'm these 9.23 mins 🙂🙂 Thank you☺
Great job again guys , thanks a ton ! I must say that you guys must keep your videos elaborate as it is now since they are very insightful and provide a wealth of relevant information . Also it will be great if you guys can make a video on the exact period of time that we require to show proof of funds to IRCC prior to getting your PR. Keep the good work going , More power to you!!
You both explain everything in detail which does help us viewers a lot. Please continue! Thank you, Gagan and Gundeep once again.
Hi guys..I love your videos..I am also in the process of getting PR and your videos are of great help! Like you mentioned in one of your videos, I didn't find this content or the subjects you discuss on any other channel..so please keep making videos with as many details coz it helps would-be immigrants to learn from the challenges that you have faced and how you dealt with them. Kudos to you two!
Loved the video, watching from Chandigarh and shifting to Canada in May'19. Your videos are super informative and very easy to follow, despite being detailed. Just wanted to highlight that either both of you are very soft-spoken or your microphone has an issue. ;)
Thank you so much for your detailed video. I feel it's fine to have 7-10 mins videos in which you discuss every part of any question as per your way. Your videos are fine in terms of the duration of the video. Just one question: There is one option wherein you open a Canadian based bank account while in India (as there are some Banks that operates in both Countries) and transfer the INR to CAD before coming here. Please give your opinion.
The detailed video with questions answer session works just fine guys. Thanks and all the best on your journey.
As u asked the vedios u generally do have the enough time to discuss about the topic u mention. And, I personally loved the vedio guys. Tqsm
Thanks so much for providing such important but usually ignored topics. Keep making videos and thanks again!! Cheers!
Really useful.. watched till end:-)
Thanks guys, we really appreciate your experience. You are actually putting lots of effort to explain what should we avoid while our travel to canada.
Thanks😊
Good one guys, exactly what was needed. Thanks!
U guys are really doing a great job by sharing all necessary information...thnq so much...it really helps!
Thanks guys.. very informative video!! Do make a video on what to bring when u are immigrating as PR.. I LL be soon shifting to Canada n would really helpful.
I watched till the end and love these detailed videos
Ur doing gud guys no need 2 cut short its very informatic.
Hi good job guys. Keep it coming!!!
Many banks offer pre-arrival online account opening services and accept one-time wire transfer for proof of funds purpose. That option could have been included. If this route is chosen, then the most ideal and cheapest option for moving the funds is wire transfer (forex card rates> TT rates, also no ATM withdrawal charges incurred).
Well, thats my thought. All the best guys!!!
Hi Gautam! But what about the account Activation part? Do they open it without COPR?
@@CanadianDreams Account opening needs only passport number and COPR application number. Activation requires SIN number, which you get post landing only.
@@gtmkamath1 thats what. That is the reason we asked to open it after landing as one can enquire about the various schemes for new immigrants. There are ao many Tier 2 banks that have nice offers but they may or may not hqve an option to open the account before landing😊
@@CanadianDreams Gotcha...i was just saying that this can be one of the modes of fund transfer. 👍
Once again. Grey work guys.
And this video length is perfect and in fact i'd watch even if it is 10 times this length !
Keep it up team !!!
Thanks😊
This video was really informative. I saw it up till the end. Keep up the great work guys
Superb Couple...God bless u both with lot of hpiness nd joy. Length of the video is also gud. Thanks a lot for sharing such a valuable information
Watching from Patiala .
Length is good.Very good information about currency you gave us.Thanks
Thanks for the video. This sort of detailed one is more useful i feel...
No no we like these detailed videos. Very informative and helpful. Thanks a lot 😊
Very informative and straight from the heart. Appreciate your insights and your eagerness to help others overcome the obstacles. My husband recollected his travails of Singapore times. Would be great if could do a video on bringing gold/jewellery into Canada.
Amazing videos! Seeing back to back videos since 2 hours now
Thq so much. Actually i will come in September intake. This video is pretty helpful for me. Mam you look so gorgeous .plz make useful videos for us..
Thank you so much for the info, I didn’t even know about forex and we were definitely planning on bringing all cash!
This was very useful, please make detailed videos they r more interesting to watch ✌️
Great effort guys!You explained really well.Thanks a lot.
I like the detailed version of your videos... they're very very helpful..
Your videos are so informative!! Thanks for making them!
I don't want to be rude or something, but I found some of the information wrong.
1. You cant carry all money in cash as you mentioned at 2:14. its illegal. India allows max 3000 USD or equivalent in cash for international travelers and up to 5000 USD after getting clearance from the customs. If you dont comply, you can get arrested under money laundering charges. Rest amount must be transferred through banking channels. While entering Canada you can take up to 10000 CAD per family without declaring it to customs. Anything above that will be seized and you will have to pay a penalty.
2. Demand drafts are NOT obsolete, but travelers' checks are. You mentioned it at 4:42. I confirmed it from bank as well as from Western Union branch from Chandigarh that Travelers Checks are obsolete. I have no idea about Money Order which you mentioned several times.
We have mentioned in the video about RBI limit
Indian Customs guidelines are aligned with RBI guidelines. All these rules come under FEMA. You can google it. Moreover, Forex is a bad option for carrying money to Canada. Most of them won't work at ATMs. I just talked to a friend in Canada who work in a bank. He said people come to his bank daily complaining about forex cards. Even if it works, there is a daily limit of 500-1000 CADs depending upon which ATM are you using. Plus, the transaction will be charged from forex card issuer as well as the bank whose ATM you'll be using. It makes this option so much expensive than the Demand draft.
I am moving to Canada soon. So I have done my research. I really appreciate your effort in making these videos. I have watched them all. But now I have to recheck all the information you gave because of this video.
@@harman2008115 Can u tell how much cash can I bring to Canada. I'll be moving there in August..
Varinder Singh there are two countries involved when you travel from india to canada. You will have to follow rules from both countries. India allows you to take CAD in cash which is equivalent to 3000 USD. Or upto 5000 USD after declaring it to customs. Canadian govt allows you to bring cash upto 10000 cad.
My advice, bring less cash. Make demand draft in canadian currency. That are accepted by Canadian banks.
There is no limit (~250k USD) from indian govt if you take money out of india through banking channels. In Canada you will have to declare your money to customs if you bring more than 10k cad in any form. But don’t worry, thats just a formality. You can bring as much money you want after declaring.
Hi guys, saw your video! Really helpful. Just one question, do we need to carry all the funds declared as proof of funds ?
Video of this sort is fine as it would also answer the FAQ thing
Thanks for the video guys, it was the one I requested.
you are doing perfect. nothing to change
God bless you and your family
🙏
it's good not so long and not too short...thanks..
Absolutely love the detailed videos you guys make.
Thank you for this content. Suuppeeer helpfuuul!!!
Thank you dear for the help
Good one again. Thanks for d information
Hi...I have found your channel quite informative for people like me, who are planning to move to Canada. I have gone through your all videos, and thanks a ton for covering each and every requisite topic with required material.
This particular video has caught my attention as I was wondering how to bring my funds to Canada. You have described four options for this particular activity, and I concur with your suggestion of bringing funds in Forex card.
My query is related to Forex card alternative. As I have heard if you withdraw money in Canadian ATM through Forex card then there is a limit and you are charged some dollors to do the transaction. I would appreciate if you could please throw some light on the transaction charges for using ATM for withdrawing money through Forex card.
Thanks in advance for your response.
nice video.. is there any limit on gold jewellery or cash to be brought in Canada? Thanks
Can we take traveller’s cheque in name of main applicant and dependant both like 50-50% (amount) as during submissions, only main applicant account was shown.
Awesome as usual!!
Thanks.Great info.Means we need to deposit that travellers check in our Canadian bank a/c?
Really like your video.. keep posting..
good vid. wathced till the end. thanks.
madam, have to check fund/currency in airport in immigration check in for survival? you have been clear this question.
thank you so much for this information of both.
How do you transfer the money from the forex card issued by Indian bank into the Canadian savings account apart from the obvious way of withdrawing cash and depositing into Canadian savings account. Do the Canadian banks allow transfer of funds from the forex card directly to the savings account in Canada through their netbanking facilities
I doubt it.
Thank you guys for all the information👍🏻
What is most economic in terms of conversion. Is it traveller check or wire transver?Thanks.
So 1000 dollars cash and American Express Travellers cheques in denomination of 100 dollars each would be a good option?
I'm searching for this since long time
Can you please couple of my doubts..???
Need to travel in Montreal itself as per COPR?
Dependent can stay back without primary applicant?
Thank you and u guys are making wonderful videos....
Great thanks for the information and suggestions. Can u pls also tell in what form do I declare how much money i have upon landing?. Will it only include the cash forex and travellers cheque added. Or will my funds back in home town bank count here. Thanks
If you bring less than 10k CAD you don't need to declare. but more than that you have to declare it. Money can be in any form.
I have a question...
if I opt for forex card and deposit money from India in that forex card then in Canadian banks can I give forex card to them and ask them to transfer the card money into my bank account.
if yes, then what will be the deduction and what will be the total amount that can be transferred at once.?
PLEASE ANSWER,I HAVE TO IMMIGRATE VERY SOON
I have this same doubt
What is the name of that card they are talking about? It sounds like they are saying 4 X card
great vlog
plz continue with detailed video and Q&A
Thanks
They are not giving travellers checks now.I asked from ICICI and Axis Bank.Can I take demand draft.When we transver money using draft is there any bank charge on that?Like suppose I take 10000 cad draft after depositing will it be 10000 only or bank will deduct any amt?What was the fee of draft?
Gol gappa walk annotation is pretty unique.
Very nice and informative video...urll rock
As a visitor how can bring money because going to change our status after landing any bank recommendation pls
thanks so much, i want to know if we carry indian global card like sbi global. will we be able to use that ? or the charges will be higher than forex?
Forex card i thing is costly plus it will not help to gain the credit history in canada plus lots of hidden charges pkz guide
Get it wire trsnsferred
Hi,
Can we transfer all the amount from our forex card to the bank account in Canada?
No you cannot, you can only withdraw it thru the ATM
Hello Canadian Dreams... I watch all of your videos n love the way u provide detailed information about everything....👍👍
please let me know this..
while submitting the pr application, the processing n visa fees has to be paid by credit card or debit? which one u used?
is there any disadvantage of using debit card?
You can pay it by any means. No disadvantages as such.
Hi guys I just came across your channel, great work! I have a question if you're coming to Canada bringing more than C$20,000 is there any tax will be charged on that amount after declaring the money in the airport?
Can we show Indian bank account statement while declaring about money?? And then opening a Canadian bank account and transferring it later.. ???
Yes
Hello, i have this question, does the immigration officers check the balance of your Debit card from the Philippines, how much is the balance of your card? another, is bank certificate alright to show as proof of funds?
Nice 1 .. I saw the full video, it could have been shorter and to the point ..hope my feedback helps :).
Nice information guys !
Please clear out one more thing that can one bring more than $10,000/- (cash) and if yes and declared then will there be a tax on that amount ? What will happen ?
Heyy guys u r doing good job. I am a student this Jan session 2020.
My question is where can i buy book my forex card, should i get frm my home country or aftr landing thr.
And the comparison between Thomas cook , WU, etc.
Thanks
Vicky
Hi,
Thanks for the video.
My question is can I use forex card for paying my bills related to Airbnb or shopping ? I heard that at many places in Canada they only accept credit cards.
Also, Can I withdraw money from my forex card using any ATM or I need to find specific ATM ? Also ,how much would be the charge of withdrawing money from ATM using forex card (if you have any idea )?
Thanks once again :)
Did you have to declare the cash after landing since it is more than 10000 CAD?
Thank you so much for your videos. I want to know how difficult it will be for a single person(unmarried) to settle in Canada. Pls reply. I'm planning in 2020.
Hi, Just wanted to know if you carry large amount of money in terms of travellers cheque ,dd, cash for the first time landing. Is that a problem with Canada Border people?
Thank you for sharing such informative session on fund transfer. Just one question, how can we pay for any meal which if we may have in our layover or any other expense? If we are carrying CAD in cash, will that be accepted on all the outlets or restaurants?
Yes
Guys, please try to create videos on various documents(PCC, Affidavits, Gift Deed) with detailed information to attract more no of viewers. Just a suggestion :)
Thanks. 😊
Hi How About declaring the proof of funds which was done in form of FD and bank balance is it recheck at airport or I can use FD amount to bring as cash and rest balance in form of forex, travelers or wire transfer.
Convert and bring
Guys, thanks for all the information. Can you kindly tell me whether there is any tax when we tranfer our money from overseas to a Canadian account after we land ?
great intel! thanks!
Does forex card have transaction charges when we withdraw money .?
Thank you! Is Demand draft from indian banks accepted by Canadian banks? Or is it better to get traveller's cheque?
Get travellers cheque
Hi guys.. We we're today that we can open an account with Scotia Bank in India in Delhi.. And they will wire the money to our selected branch in Canada.. So we can have money in Canada even before we land in Canada.. Can you shed some light on this, if true?
Are they offering you new immigrants schemes?
I did👐
And the length is perfect
በጣም ጥሩ እይታ ነዉ አለምሸት፡፡ በርታ!
Guys u r guiding students,or who are coming their to settle!!
Thank you for the valuable info :) . Also I have one query with regard to the forex card, when I checked with the banks over here in my country they allow to load the forex card with USD, EUR and GBP only. Will there be any issues in using the forex card or converting the funds to CAD? Will there be any other issues related to forex card since its not loaded in CAD.
Get the travellers cheque
Hello Bro Tell me the best bank of CANADA agr koi fresh land hua hy as an Work visa??
Bro which is the best bank in canada to open an account if someone move as an work permit??
Can forex card be used for spending at some airport during layover?
Is the RBI rule of only carrying cash equivalent 3000 US Dollors applicable to immigrants as well.. ? Since u said u carried all in cash im assuming it will be more than this prescribed limit.
Pls reply. It will b of grt help