Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/18/84; site lsuc.UUCP
Path: utzoo!utcs!mnetor!lsuc!msb
From: msb@lsuc.UUCP (Mark Brader)
Newsgroups: net.travel
Subject: Re: An easy way to get Canadian currency
Message-ID: <915@lsuc.UUCP>
Date: Thu, 14-Nov-85 13:00:22 EST
Article-I.D.: lsuc.915
Posted: Thu Nov 14 13:00:22 1985
Date-Received: Thu, 14-Nov-85 14:16:31 EST
References: <541@tektools.UUCP>
Reply-To: msb@lsuc.UUCP (Mark Brader)
Distribution: na
Organization: Law Society of Upper Canada, Toronto
Lines: 23
Summary: Royal Bank <-> Plus System, Bank of Montreal <-> Cirrus System


Jerry Peek writes about an ATM network called The Exchange which
operates in the northwestern US and in British Columbia, and asks
about other international ATM networks.

The Royal Bank of Canada, which has a national network of ATMs in Canada,
has just affiliated itself to the Plus System, a national network in the
US.  Customers of either system can now make make cash withdrawals in
the other country's currency, by using a machine in the other country.
This includes cash advances on the appropriate credit card.  (Visa in
the case of Royal Bank.)

I understand that "Bank of Montreal" can be substituted for "Royal Bank
of Canada" in the above paragraph if "Cirrus" is substituted for "Plus",
also; but as I'm a Royal Bank customer and not Montreal, I haven't paid
attention to their details.  Montreal was first by a month or two, if you care.

For Royal Bank customers making Plus System withdrawals, there is a $2
service charge on top of the foreign exchange; and the $500 limit on
withdrawals is expressed in Canadian dollars so you get a maximum of
maybe $350 US.

Mark Brader, Toronto, Canada