Are there canadian banks in the us

What's the currency exchange rate? How do I change my address? View All FAQs. Still Not Sure? See how U. As a Canadian - can I even open a U. Do I have to file taxes in the U. Do I need to have a U. How do I transfer money between my Canadian and U. How do I dispute an electronic fund transfer transaction? How do I check the current exchange rate before I make a transfer between my U. How do I receive a wire transfer? How do I send a wire transfer? Where can I find the nearest no-fee ATM? How do I get cash while I am in the U.

How do I pay my U. How do I make automated ACH payments? How do I deposit money in my U. How do I deposit a check using my mobile device? Several top banks offer cross-border banking services that may benefit Canadians living and working in the U. CIBC U. Transferring money between your Canadian bank account and U.

Cons: You need to be an existing client with the financial institution before you open a checking account or savings account. You also have to maintain a high balance to avoid being account charges. New to the U. Check if you can use your country's credit history in the U. S credit history using Nova Credit.

No SSN is needed to start your U. S credit history. BMO U. Dollar Account. You can choose to open a checking account or a savings account with a BMO U.

You can also use this account to make your BMO U. Dollar MasterCard payments. Chase Bank is a U. Chase Bank offers ATMs throughout the United States and several financial services and products, such as online banking, personal loans, mortgages, wealth management and more.

This bank is associated with Desjardins Caisse Bank in Canada so you can open an American account from Canada with ease. The easiest way to open a Canadian bank account is to visit a Canadian bank.

Before you visit a Canadian branch, contact the bank and ask them about the account opening process as a U. They will talk you through all of the rules, requirements and documentation you will need to open a bank account in Canada. These are specialist accounts that you can access from anywhere and that give you a bank account in a variety of countries. Wise formerly TransferWise is a much-loved international money transfer and currency exchange service.

They offer excellent exchange rates and low, transparent fees for sending money around the world. Their multi-currency account also provides a virtual Canadian account. There are no minimum account amounts, no monthly fees and no maintenance fees on the Borderless account.

If you already have a bank account with one of these banks, that may be a good starting point. However, these accounts may have high minimum one-off or ongoing deposit requirements and there can be significant ongoing fees for holding these accounts. Now you know what you need to about opening a bank account in Canada from the U.