Seems you can now send bank wires online from Bank of Montreal

sean1 · Apr 30, 2007

http://www.bmocm.com/products/treasury/cashmanagement/managepay/wrpymt/default.aspx

If this is true, and you can send wires without going to the Bank, all my post neteller problems are over.

I will be calling tomorrow to find out how this works.

-Sean

ElJefe · Apr 30, 2007

Bank wires still won't be as fast as Neteller though.

Brock Landers · Apr 30, 2007

sean1 said:
http://www.bmocm.com/products/treasury/cashmanagement/managepay/wrpymt/default.aspx

If this is true, and you can send wires without going to the Bank, all my post neteller problems are over.

I will be calling tomorrow to find out how this works.

-Sean

i can do this currently anyway, as far as i know, its always been an option.

sean1 · Apr 30, 2007

No, it will not be as fast as neteller, but a few days works for me. If I can wire into and out of Canada in a few day turn around, that is fine with me.

Brock, which bank do you use that allows you to send wires online?

Thanks,
Sean

Brock Landers · Apr 30, 2007

sean1 said:
No, it will not be as fast as neteller, but a few days works for me. If I can wire into and out of Canada in a few day turn around, that is fine with me.

Brock, which bank do you use that allows you to send wires online?

Thanks,
Sean

well i guess i missed the part about it being online, though with mylocal bank (first midwest) i can just call and they will process a bank wire over the phone for me..

xpanda · Apr 30, 2007

You can process bank wires over the phone with any bank here, as far as I know. Have done it myself with two different banks, TD Canada Trust and RBC.

Any wires I've done have been completed in one business day.

TD Visa works for deposits, btw.

erwinmark · Apr 30, 2007

XPANDA how do you find things work with RBC? I have a branch in Florida by my place, and was thinking this might be a good bank for my off-shore business?

xpanda · Apr 30, 2007

erwinmark said:
XPANDA how do you find things work with RBC? I have a branch in Florida by my place, and was thinking this might be a good bank for my off-shore business?

I think you would need to have an account at an RBC branch here, otherwise you're just opening an account with another American-based bank, subject to the same restrictions as the rest of them. (I think, anyway.)

You'd be best to call and find out.

RBC website.

sean1 · Apr 30, 2007

I had a long discussion with a manager at RBC in Windsor. I basically flat out told him I was opening the account to gamble and wanted to make sure their banks in the US would not cause me a problem.

He explained to me that the banks are regulated completely separately. In Canada, the ACH/EFT # is 8 digits. In the US it is 9 digits. The account numbers begin with different numbers. The Canadian bank does not intend to apply any US laws to its members, but at the same time, the US branches will try to apply US law (Although he was doubtful about how).

I've got all three major (RBC, BOM, CIBC). I did not realize they would wire over the phone. I've been getting wires no problem and sending money orders no problem, but if I can wire online or the phone, I am golden. MY NEW NETELLER!

-Sean

Brock Landers · Apr 30, 2007

sean1 said:
I had a long discussion with a manager at RBC in Windsor. I basically flat out told him I was opening the account to gamble and wanted to make sure their banks in the US would not cause me a problem.

He explained to me that the banks are regulated completely separately. In Canada, the ACH/EFT # is 8 digits. In the US it is 9 digits. The account numbers begin with different numbers. The Canadian bank does not intend to apply any US laws to its members, but at the same time, the US branches will try to apply US law (Although he was doubtful about how).

I've got all three major (RBC, BOM, CIBC). I did not realize they would wire over the phone. I've been getting wires no problem and sending money orders no problem, but if I can wire online or the phone, I am golden. MY NEW NETELLER!

-Sean

update us after you do your first one! I did this over the phone maybe 2 years ago for the 1st time..

patswin · Apr 30, 2007

Might have to go to Canada to open up an account

erwinmark · Apr 30, 2007

I know I have to go to Canada to open the account, I just wondered if most sites will let you use a Debit Card from the RBC bank in particular to load funds into the accounts?

Thanks

sean1 · Apr 30, 2007

You have to go to Canada to open accounts. I already did and opened all 3...

I did not have time to call today and travel all day tomorrow. I will call Wed and find out the deal.

If you are a US citizen they give you an ATM, but no debit card.

Sean

Seems you can now send bank wires online from Bank of Montreal

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