Anyone know if there is a limit per transaction, and if so, what it is? Our forex regional manager doesn't know. So I will be phoning some more.. Just hoping someone is in the know, else I will update with answer once I got it.

Ok, first answer - R20k per transaction. Going to see if my banker can get that limit upped for one transaction.

Hi Karin,

Just beware, the bank will most likely charge you a currency conversion fee on every CC transaction done abroad. I recently had to pay for something to the effect of R6100 and the conversion charge on it was +- R160 !! That was with Go Banking (basically a division of Nedbank).

Ciao!
C

Final answer: No way we will be able to buy the car on CC. We have 3 options available: 1) Draw cash at a Canadian bank, 2) Travelers' cheques, or 3) a bank draft in his name, open account and wait for money to clear... Will decide tonight what to do...

I am aware of that. Luckily our fees haven't been too much (in our opinion) in the past when we were overseas.

We simply paid for our car with travellers cheques..easy and no problem

Found a solution to our problem that won't have him travel with large amounts of cash/travelers cheques. Thanks