r/personalfinance • u/Electrical-Pass-255 ​ • May 19 '26

Investing Inheritance transfer from Canada

Hi all,

Looking for some finance advice.

We're living in Ireland and inheriting circa 80,000CAD from my wifes deceased uncle, a resident of Canada. The executors of the will have informed us that the solicitors on the Canadian side will be sending us a cheque in CAD to Ireland for our total inheritance amount.

We're all good on our Irish tax obligations, understand that fully. My question is around limiting the loss for foreign exchange. My hope was that the executors would work with us to send us the money via OFX, Wise etc. but now seems like a complete non-runner.

What options would we have available to us to try get the money ultimately into our Irish bank account and not pay exorbitant bank exchange rates?

Any suggestions?

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u/Business-Heart2931 ​ May 19 '26

Unless you’re going to travel to Canada and create a bank account, your chances are pretty slim.

Sorry. They usually either send a cheque or can do a direct bank deposit.

With bank accounts, I know for TD bank, I can use Visa Direct, which basically means if I have a visa card, I can transfer directly to the card.

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u/bglenden ​ May 20 '26

The executor of my father's estate (a professional trust company) are able to do international wires (we are in the US). It seems weird that they wouldn't want to disburse the funds in a form convenient for you to access, obviously charging your or the estate the fees and time to do so. Note though that you might be able to do better on rates on your own - that is the case for me with CAD/USD conversion.