Funds in U.S Dollars


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ajm   
Member since: Oct 04
Posts: 24
Location:

Post ID: #PID Posted on: 08-01-05 12:31:01

Canadian dream - you mentioned that
"If you are carrying more than $10000 in cash you need to declare it at the US border. "
Is the USD 10k per person or per family?

Thanks
AJ



Canadian Dream   
Member since: Jul 04
Posts: 177
Location: Calgary, AB

Post ID: #PID Posted on: 08-01-05 13:46:16

Quote:
Orginally posted by ajm

Canadian dream - you mentioned that
\"If you are carrying more than $10000 in cash you need to declare it at the US border. \"
Is the USD 10k per person or per family?

Thanks
AJ



AJ, I really dont know - there was a sign posted at the US side of the crossing - if you are carrying more than 10000 USD you need to declare. I dont know whether it is 10k USD cash or cheques or other instruments or whether it is 10k per person or 10k per family (i would tend to think its 10k cash irrespective of no of people, but I could be wrong).



dimple2001   
Member since: Apr 04
Posts: 2873
Location: Western Hemisphere

Post ID: #PID Posted on: 08-01-05 16:51:24

Once the branch people know you, typically, they would not put a hold on your cheque.

I regularly deposit my personal USD cheque at TD local branch and have not had a hold. Of course, it takes about 3 to 6 months of comfort level with the bank before they agree not to hold the funds.

The $10000 USD limit across the border is per person. However, wiring the funds have no limits other than the $20 to $40 wire transaction fee you pay at sending and/or receiving banks.


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Dimple2001


jago_desi   
Member since: Sep 04
Posts: 591
Location: canada

Post ID: #PID Posted on: 08-01-05 18:26:14

Quote:
Orginally posted by Canadian Dream

Quote:
Orginally posted by ajm

Canadian dream - you mentioned that
\"If you are carrying more than $10000 in cash you need to declare it at the US border. \"
Is the USD 10k per person or per family?

Thanks
AJ



AJ, I really dont know - there was a sign posted at the US side of the crossing - if you are carrying more than 10000 USD you need to declare. I dont know whether it is 10k USD cash or cheques or other instruments or whether it is 10k per person or 10k per family (i would tend to think its 10k cash irrespective of no of people, but I could be wrong).



It is on CIC website fund section. If your are carrying more than CND 10000 (in any form), you are required to declare at the port of entry. OR it will be assumed illegal. If you are getting it by post, probably they have not thaught of this option.


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