Your life in Montréal

ImportantExchange rate fluctuations can negatively affect your monthly budget. To keep on top of the current rates, visit the Bank of Canada’s External linkexchange rates and currency converter page.

ImportantCanada does not have exchange controls but be aware that this kind of control may exist in your country.

What to do

Transferring funds
You can transfer funds into a Canadian bank account. You can also have money sent to a Canadian bank before you leave your country, to have it deposited in your Canadian account once it is opened.

Bank drafts (certified cheques)
You can use bank drafts in your name, which can be cashed at a Canadian bank.

ImportantSome banks place a 30-day hold on such funds before making them available.

International money order
This is strongly discouraged.