Cross-border banking made easy
Canadians are always looking for better ways to bank in the U.S.
Snowbirds need a U.S. bank account to take care of the bills at their condo. Canadian shoppers want easier ways to pay their Macy’s or J.C. Penney account after cross-border shopping sprees.
Opening an account at a U.S. bank is an option, but you might not be able to get a U.S. credit card because you don’t have a credit history. It’s also a hassle getting cash into those accounts because you either need a money order or have to cross the border, find a bank branch and deposit the cash.
Both RBC and TD Canada Trust are now offering accounts that overcome these hurdle, pairing them with a U.S. dollar credit card. They let you pay U.S. bills online, use American ATMs without access fees and make it easy to transfer money among the accounts. Read More…