Canada-Carnet: Difficulty getting letter of Credit?
Hi folks,
still jumping through hoops to get my carnet from CAA. My bank, BMO, helpful as they usually are, is allowing me to apply for a Letter of Credit. It's going to cost a few hundred $$$ to register it, then they'll charge a QUARTERLY fee of AT LEAST $125 CDN. This is assuming they decide I am not a credit risk.
Is this normal?
Oh yeah, they want me to post a cash $$$ bond for the letter of credit...hmmm...the bank manager is understanding and is working to sort things out. Argh.
Anyone know other banks/credit unions on Vancouver Island, BC, where it is easier to get a letter of credit? These guys have no idea what they're doing, and they're charging me commercial rates to do a personal banking item, because they don't "know how" to do it any other way.
Cheers,
VI
Last edited by Van Isle; 7 Sep 2007 at 06:07.
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