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Discussion

Quick question re CRNM

hello ... i'm from philippines. i would like to ask if crnm will accept bank draft or check/cheque in usd as payment/fees for ien initial registration? i've read that they will accept only in canadian dollars. the bank here in my hometown does not issue bank draft in canadian dollar.

i asked this inquiries here because you have lived and work in manitoba. hope you would understand...

thank you!:-)

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If they state on the website they only accept Canadian dollars then you will have to find some place that does them. I doubt they will accept payment in US dollars as the exchange rate does vary

Moved to a thread on it's own in the International forum

  • Experts

The reason why CRNM does not accept payment for fees in US dollars is the huge administration fees the banks charge them to process them. And as silverdragon102 has said, the exchange rate varies quite a lot from day to day. Let's say you bought $300 Cdn today in US dollars. The money order or certified cheque would have a face value of about $277 US, based on the current exchange rate of $1.0835. The cheque arrives in Winnipeg two weeks from now and the exchange rate on that day is for example $1.0783 (which it was on September 10). Now that $277 US is worth $298 Cdn, and the bank will take another 3.75% in administrative costs, so it's actually only going to give them $287. That's no way to do business.

And let's face it, why should any Cdn. business accept payment in US Dollars? We are an independent nation with our own currency and rules and regulations.

  • Author

Thank you! CRNM accepts Credit Card...:-)

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