Expat Living, Travel

ZenBanx Is the Perfect Tool for Canadian Travellers

June 11, 2015
ZenBanx

ZenBanx is the perfect tool for Canadian travellers. 

As a Canadian expat living in Berlin, I need to send money back to Canada each month to pay bills and contribute to my savings.

In the past, I’ve gone directly to my local bank branch, filled out a long paper form, and paid some hefty administration fees to send my precious euros back home.

The bank employees were often puzzled about how to handle the transaction, resulting in errors and delays in the funds being transferred.

As frustrating as the process itself was, it was those administration fees that bothered me the most. I often ended up paying upwards of €30 every month! Over the course of time, this added up to be a ridiculous amount of money.

Money that I could’ve used to travel. For close to that amount, I could’ve flown to Budapest for the weekend or hopped on the train and visited Szczecin for the day in the pursuit of Polish pierogies and beer.

As a frequent traveller, I often need to access other currencies, and this too can be a complicated affair.

You begin by calling your bank and credit card company to inform them that you’re travelling, and even then, it’s not guaranteed that your cards will work once you reach your destination.

When you use your card to withdraw money, you end up paying even more exorbitant fees. That €100 you withdraw could end up costing you €125.

ZenBanx

ZenBanx

This is when ZenBanx helps, as they offer the first ever multi-currency bank account that allows you to hold up to five different currencies.

Using their mobile app, you can securely save, exchange, and send money, both domestically and internationally, without ever visiting a branch or paying expensive administration fees. In fact, their transfer fees are up to 5x cheaper than what most banks offer.

There’s no need to ever visit a bank, and you can use your ZenBanx bank card at many ATMs around the world to withdraw cash.

There’s no better time than now to sign up with ZenBanx, as you embark on your summer holidays!

The Skinny on ZenBanx

Are you curious about ZenBanx but need to know more before giving them a try? Start by watching this video.

Some other relevant information:

  • ZenBanx is open to Canadian residents only.
  • Supported currencies include AUD, CAD, EUR, GBP, HKD, INR, JPY, SGD and USD.
  • You need to deposit a minimum of $25 to open an account.
  • Transfers are typically processed in 1–3 business days. These transfers are also insured.
  • You can earn interest on the money in your account.
  • They have a friendly customer support staff that you can call for assistance.

For more details, check out the ZenBanx FAQ page.

Get Started With ZenBanx

Head on over to their website or download their app to your phone to sign up now. The process is fairly simple, and you’ll be set up within minutes.

I’ve signed up myself and found everything to be straightforward. I can’t wait to try it out when I make a visit home to Toronto this summer.

Follow ZenBanx

  1. Instagram – https://instagram.com/zenbanx/
  2. Twitter – https://twitter.com/zenbanx
  3. Facebook- https://www.facebook.com/Zenbanx

* Disclosure – This post was done in partnership with ZenBanx.

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4 Comments

  • Reply Cristina June 17, 2015 at 9:20 PM

    Oh this is so handy! I’m thinking it could help me save up my euros. And… Yay! you’re coming home for the summer!

    • Reply Cheryl Howard June 18, 2015 at 5:32 AM

      I think so too. I’m just coming back for a short break, not the whole summer. I could never leave Berlin for that long. 🙂

  • Reply Helen July 3, 2015 at 12:38 PM

    This is so timely for me! All the banking options for travellers have my head spinning so thanks for this. 🙂

    • Reply Cheryl Howard July 3, 2015 at 5:31 PM

      Not a problem! Hope that it proves helpful. 🙂

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