Should I make a usa account at my bank and have it all wired there to save on the fee banks charge to convert? Or is there a better option? The US dollar is prolly gonna take a huge dive soon, so I mean unless I want to set my threshold to $100,000 in clickbank and wait till the dollar to rises again before taking the money out of clickbank, what other option do I have here?
Firstly, damn your avatar is distracting, I can hardly concentrate on what I'm typing because my eyes keep wandering back to your avatar! If you are worried about the USD plummeting, I would create a USD account at your bank. Then instead of CB wiring the money to you, I would just have them pay you by cheque. Wiring costs money (I believe they will deduct from your paycheque) especially for international transfers. This would be a great option if you don't need access to your cash right away and you'll never get hit with a bad exchange rate. I face the problem where I accumulate huge credit card bills from PPC. I need access to the cash I get from CB right away. Luckily I work for a bank so I get a preferred exchange rate, although that won't help if the USD keeps falling. Today the USD is pretty good 1.06CAD. I've been cashing 7-8K USD cheques and getting a nice exchange "bonus" out of it. Last week it was 1.03 which is a big difference when exchanging thousands of dollars. IMO it won't get much better than 1.06 anytime soon (although what do I know, however I've been following the dollar because of this very reason). Good luck