Canada-Carnet: Difficulty getting letter of Credit?
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.
Last edited by Van Isle; 7 Sep 2007 at 06:07.