How to Save Money on Canadian Foreign Exchange

Written by Michael Simons on . Posted in Buying and Selling Property in Costa Rica, EX PATS in Costa Rica, FAQ's, Investing in Costa Rica

How to Save Money on Canadian Foreign Exchange

Doing international wire transfers to Costa from Canada can incur unnecessary expensive currency exchange charges for a multitude of reasons.  When buying Real Estate in Costa Rica you will have to change your Canadian dollars into US Dollars to be able to deposit them into the Costa Rican Escrow account for the purchase.  Please check out the information below that can help you save a great deal of money in the process.

Tips for Canadians:

– check with banking institution in advance to get rate quote and FEES prior to transfer as well as how long the money must be in account prior to transfer.

– check with banking institution if they can process transfer without being at bank in person

If you have a High Net Worth Account with Canadian Bank you may get better rate and it may not be necessary to do exchange in Canada jurisdiction.

If only have a normal Canadian bank account, then open a Canadian USD currency account that has International Wire Transfer Eligibility. Not all USA currency accounts have this feature. This account can be with another Canadian institution.

Then open a Knightsbridge Foreign Exchange account and use Knightsbridge to do Canadian currency transfer to Canadian USA account. The company can do this in one or multiple transactions directly from CDN account to USD account

For your property purchase you then transfer from your Canadian USD Account to the Costa Rican escrow account.

Here is the link to the Knightsbridge website where you will find all the information that you need to make the exchange and save money.  Many of our clients have used this service to save money changing their Canadian Dollars to US Dollars.  You will be surprised.

knightsbridgefx.com

Toys for Tots SUCCESS!

Written by Michael Simons on . Posted in Costa Rica Charity, Costa Rica Living, EX PATS in Costa Rica, Newsletters, Tres Amigos Realty Group

Toys for Toys 2021 was a resounding Success!

We want to send out a huge Thank You to all who donated to the Toys for Toys program this year, along with those who purchased Tank Tops Flip Flops Charity T Shirts, so we could throw some massive Christmas parties for our local kids. 

First of all – We received hundreds of toys dropped off at our Tres Amigos Realty offices. THANK YOU.

In addition – We received almost $15,000 in donations.  Tres Amigos Realty Group matched dollar for dollar those donations.  So we had a whopping total of $30,000 which was used to purchased THOUSANDS of toys.  Thanks for all the donations and Thank You to the TEAM at Tres Amigos Realty Group for working so hard for your clients this past year, allowing us to make such a generous matching donation.

Another $4,000 was raised in T shirt sales for the school parties. Tank Tops Flip Flops matched that total so $8,000 was used to to throw Christmas parties for HUNDREDS of children in our area.

It is hard to put into words the amount of gratitude we have for all the donors and volunteers who made this Christmas season so special for so many children in our area. Thank you for your continued support.

A huge Thank You goes out to the Guanacaste Veterans Association, Patas Y Manos, CARE, the Hope Fellowship Church and so many other dedicated people who stepped up to make this a wonderful Christmas for so many in need.  Merry Christmas and Happy New Year!

Below are photos of purchasing all the gifts, giving them away as well as some photos of the parties we helped throw.  But best of all you can see the looks of happiness on the kids faces.  Thanks to all.

COME ON DOWN BABY!

Michael Simons        Tank Tops Flip Flops Newsletter edition no. 208

August 2022
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