Shares held in USD

[Spring12]

Hi
I don’t dabble in the stock market but
I currently have shares held in Canadian Dollars from some years back. I want to cash them in and have to complete a form and send share cert.

My question is :
It costs $100 to get a bank transfer so I’m taking a cheque, although I need to see what it costs to cash/ lodge it in Irish banks

Should I take the cheque in CAD, USD , GBP or Euros ?
(These are the currencies offered)

All advice welcome
Thanks

 

[newirishman]

Don't use cheque. It'll be worse.
Setup a wise account, transfer to a local bank should be significantly cheaper than 100 dollars

 

[S class]

Probably best to take a cheque in euro.

This should be straightforward to lodge to your Irish bank account.

The stockbroker will probably offer a better exchange rate than an Irish Bank.

 

[ClubMan]

Setup a wise account

In case it isn't obvious what @newirishman is referring to here:

Wise: The international account | Money without borders | Wise United Kingdom

160+ countries, 40 currencies, one account. Save when you send, spend and manage your money internationally.

wise.com

 

[Spring12]

Thanks everyone, could I use Revolut? As I have an account set up already.
Is that same / similar to wise ?

 

[Dominic Ó Galla]

Revolut and Wise are quite different.

Wise is an intermediary. It allows a sender to transfer to a local Wise bank account in their country (with a reference), and Wise forwards the money to you bank in your country. Their fee for doing so is often a lot less than doing a standard international bank transfer via SWIFT.

On the other hand, Revolut is a fully digital bank (no branches) which happens to often offer good value for sending money overseas. But I don't believe it has anything particuarly special to offer when it comes to recieving money from outside the EU. Basically, you'd have to pay the $100 SWIFT fee to recieve the money to your Irish Revolut bank account just the same as any other Irish bank account.