Basic HTML Version
10
C S A M E M B E R H A N D B O O K
Now you too, along with thousands of satisfied snowbirds, can
exchange your Canadian dollars for U.S. dollars at an exclusive,
preferred rate that is better than the over-the-counter exchange rate
at your local financial institution.
The Snowbird Currency Exchange program lets you transfer funds
automatically and continuously from any Canadian financial
institution to any U.S. financial institution at the beginning of each
month, whether you are in the U.S. or back in Canada. The program
works by pooling the funds of all participants, giving us bulk
purchasing exchange rates. The savings are passed on to you and
other participants. It is managed by a major financial institution so
complete security is assured. It is a convenient, proven program that
is worry-free.
Here’s how the program works
Your Canadian dollars will be withdrawn from your chequing
account on the first* banking business day of every month you
specify. Your Canadian dollars will be converted to U.S. dollars at the
rate negotiated by the Canadian Snowbird Association based on a
bulk purchase of all participating members’ funds for that month.
The resulting U.S. funds will be deposited into your U.S. account on
the fifth* banking business day of the month.
In addition to a one-time enrolment fee of $5.00, active CSA annual
members pay just $2.00 per monthly transfer. CSA lifetime members
pay no monthly transfer fee.
Warning:
With other currency transfer programs, including those
from Canadian banks, the receiving U.S. banks may charge an
additional fee of up to $15 to receive an international money transfer
– with the Snowbird Currency Exchange Program, no fee will be
charged by your U.S. bank. It is that good!
The Snowbird
Currency Exchange Program