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  Canada Immigration Forum > About Canada > Deals > Zenbanx offering $1-Rs55 rate ($250 limit)
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Zenbanx offering $1-Rs55 rate ($250 limit)




Edit: Though the USD promotion is no longer valid, Zenbanx is offering $1 - Rs. 55 exchange rate (for upto $250) for sending money to India on September 30

Zenbanx.ca is a new online bank where you can keep money in 5 different currencies (Article on thestar here- http://goo.gl/6M8EOI ). They offer better exchange rates than most regular banks and unlike other such services, support INR. This means that you can exchange money into INR and use their debit card in ATMs in India at a very low fee (support for POS outlets very soon) . You can also exchange into USD and use in many stores in the states for free of cost. They are currently running a few good promos worth getting into.

1. $10 referral bonus. Sign up using a link from an existing member and set up your account and both you and I will get $10 credited into our accounts. (Though they have Android and ios support, you can do everything with a computer as well).

2. They have a 'Exchange CAD to USD on par' event on August 3 where you can exchange upto CAD250 to get back the same amount in USD. Considering that CAD is at a pretty low point, this is a very good deal and you can profit by around $75. Then, you can just convert the amount back to CAD and take out the money out of Zenbanx OR keep the money in USD and use it on your trips to the US.

Since the company is very intent on expanding customer base, they will do such events quite regularly. The last one was on Canada day and I could successfully make exchange into USD at par, exchange it back to CAD and remove it. The bank has no annual/hidden fees.

I'll try to answer any questions you have though I don't have any affiliation to the company.

Edit: Advertising links removed. You definitely seem like promoter of Zenbanx. Please don't go to lengths describing your experience as a consumer. You might as well tell the total cost to users with respect to bank fees they can expect while trying to convert at your bank


 
Last edited by: Monica.admin on 23-09-15 11:13:51
waveparticle

Junior Desi
Member since: Jul 15
Posts: 5
Location: Waterloo on

Post ID: 225013 26-07-15 23:28:18
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sudesingh
Senior Desi
Member since: Jul 04




Posts: 2059
Location: Toronto


Can MODs please confirm if referral links are allowed on CD? Would that not be similar to marketing. The link provided by the op is a referral link.

New member..1st post...well done !!! :clap:

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SS
Reiki Grand Master

 
Post ID: 225119 28-07-15 17:43:01
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waveparticle
Junior Desi
Member since: Jul 15




Posts: 5
Location: Waterloo on


Yes. Please confirm. I'll remove immediately if not allowed.

;) Long time lurker. First time poster.


 
Post ID: 225120 28-07-15 17:44:33
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Fido
Senior Desi
Member since: Aug 06




Posts: 5261
Location: Canada


Whoa ..

Is it just co incidence that you posted with in a minute of SS' post ?

Or you really are a long time lurker .

Either way this is promotional and against Charcha's norms (if you respect charcha)

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Fido.

 
Post ID: 225122 28-07-15 17:46:40
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waveparticle
Junior Desi
Member since: Jul 15




Posts: 5
Location: Waterloo on


Lol. I hav signed up for email updates.

I've removed the link. Should be fine now right?


 
Post ID: 225125 28-07-15 17:49:09
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Blue_Peafowl
Senior Desi
Member since: Dec 08




Posts: 1307
Location: Brampton, Ont, Canada


Forget about Banks - they are all Sucking our money :) :)

Lets start our own system with CASH and Barter - like old days



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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)

 
Post ID: 225126 28-07-15 18:05:15
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waveparticle
Junior Desi
Member since: Jul 15




Posts: 5
Location: Waterloo on


Just to give an update on this old thread, Zenbanx is offering $1 - Rs. 55 exchange rate(for upto $250) for sending money to India on September 30. The $10 promotional bonus for new accounts still applies.

 
Post ID: 227731 22-09-15 19:24:02
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happywoman36
Senior Desi
Member since: Oct 13




Posts: 1636
Location: Toronto


When I goggled yesterday for CAD to INR, I saw this ad of Zenbank but I was wondering, why are they giving INR 5 extra for a dollar? I don't trust people who give more without reason nor have I heard of Zenbanx. :(


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Revenge can be bitter sweet, but if u sit back and watch, KARMA can be pure entertainment.:)

 
Last edited by: happywoman36 on 24-09-15 10:48:32
Post ID: 227791 24-09-15 10:48:01
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waveparticle
Junior Desi
Member since: Jul 15




Posts: 5
Location: Waterloo on


Their regular rate is Rs 49.41. The Rs 55 rate is a promotion that is only valid on September 30. One of their earlier promotions was CAD 1 to USD 1. This is their way of getting new customers (similar to how RBC used to give an IPAD for new customers).
Zenbanx is founded by the same guys who founded ING Direct. From my banking with them so far, I do find them legit.


 
Post ID: 227793 24-09-15 10:59:38
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lemon925
Senior Desi
Member since: May 15




Posts: 202
Location: Toronto


This may not be scam,

Before opening account with tangerine I thought it could be a scam, later one of my friend referred me and it wasn't bad, I got close to 200$ from them as joining bonus.


 
Post ID: 227795 24-09-15 11:15:25
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Contributors:
Blue_Peafowl(1)  Fido(1)  happywoman36(1)  lemon925(1)  sudesingh(1)  waveparticle(5)  
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