1. Have an account at TD Canada Trust here in Vancouver, BC, Canada. 2. I have both Canadian and US dollar accounts. 3. I want to send $1,500 USD to my son in the USA for his birthday. 4. Which is the best account to use? Can I use the US dollar account so I do not have to pay a second exchange rate premium? 5. Does PayPal require me to use my Canadian dollar account so that they can make a fee on the exchange rate? 6. Do I pay a fee of 1.00% ($15.00 for sending $1,500.00) and is this deducted from the total or is it added on and deducted from my account? 7. Does the recipient in the USA also pay a fee? 8. The total fees from Western Union total approx. $80 for this transaction. 9. I also looked at XE.com. The total cost would be approx. $10.00. No fee, just an exchange rate spread. Thank you.
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