Posted on: 15-03-05 00:39:17
I know this question has been asked many times but I am not finding exact answer to my problem. I am moving to canada in 5 days from USA. Do I have to declare at usa customs if I have more than 10000$ traveller checks. Their is no multinational bank near my area. And to do a wire transfer I need an account in canada which they dont open untill I am their. And for wire transfer from usa I have to be physically present in the Branch as per my bank rules. It is a very short time left . Only option I see is travellers checks but worried about USA cutoms. Has anybody carried lots of travellers checks. Should I just take all of funds as traveller checks or split them into something. It's all tax paid money and i always report irs about it.
Quote:Yes.
Orginally posted by goingtocanada
Do I have to declare at usa customs if I have more than 10000$ traveller checks.
Quote:An alternative is to carry a smaller sum of money as traveller's cheques and transfer the rest using regular USD cheque after landing in Canada and opening a USD account.
Their is no multinational bank near my area. And to do a wire transfer I need an account in canada which they dont open untill I am their. And for wire transfer from usa I have to be physically present in the Branch as per my bank rules. It is a very short time left . Only option I see is travellers checks but worried about USA cutoms. Has anybody carried lots of travellers checks. Should I just take all of funds as traveller checks or split them into something. It's all tax paid money and i always report irs about it.
The Canadian bank will probably hold the funds for 15 - 20 business days, so make sure you bring enough money to get by during this time.
You can use your latest US bank statements as proof-of-funds during landing, assuming you bank with a major, well-known financial institution in the US.
Also bring an ATM printout of your current balance on the day you leave the US - just an additional proof that you have the funds currently.
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