REVscene - Vancouver Automotive Forum


Welcome to the REVscene Automotive Forum forums.

Registration is Free!You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! The banners on the left side and below do not show for registered users!

If you have any problems with the registration process or your account login, please contact contact us.


Go Back   REVscene Automotive Forum > Vancouver LifeStyles (VLS) > The Business and Financial Forum
School me on US Bank Accounts School me on US Bank Accounts
Register FAQ Calendar

The Business and Financial Forum THIS SPACE OPEN FOR ADVERTISEMENT. YOU SHOULD BE ADVERTISING HERE!
Revscene Wall Street.
Consolidating debt? Good business tips? Buying stock? How's our economy doing? Discuss and share advice and tools on everyday banking, investing, wealth management and insurance.

Reply
 
Thread Tools
Old 07-11-2017, 03:50 PM   #1
not the mod you're looking for
 
FN-2199's Avatar
 
Join Date: Sep 2009
Posts: 3,744
Thanked 1,537 Times in 556 Posts
Failed 83 Times in 32 Posts
School me on US Bank Accounts
School me: I have a ton of US cash sitting around and I'm looking to open up a US bank account. Interest isn't a huge deal to me; I'm looking to make life easier during any of my trips down south.

Looking for any input and first hand experience from any RS members who frequently bank in 'murica.
Advertisement
FN-2199 is offline   Reply With Quote
Old 07-11-2017, 07:42 PM   #2
RS has made me the bitter person i am today!
 
Hehe's Avatar
 
Join Date: Dec 2002
Location: YVR/TPE
Posts: 4,886
Thanked 2,972 Times in 1,284 Posts
Failed 652 Times in 209 Posts
RBC, TD and BMo all have US/CA borderless accounts with their US affiliate (RBC USA, sold to PNC) and subsidiaries (TD US/BMo Harris) that let you quickly move money across the border.

Alternatively, if you want a true USA account, bring 2 pieces of ID and head down to any US banks of your choice in WA. They deal with a lot of Canadians... so it's not strange to them. They are just required by law to "know" their customers.
__________________
Nothing for now
Hehe is offline   Reply With Quote
Old 07-11-2017, 09:59 PM   #3
Where's my RS Christmas Lobster?!
 
tomatogunk's Avatar
 
Join Date: Jan 2010
Location: vancouver
Posts: 839
Thanked 1,726 Times in 302 Posts
Failed 412 Times in 43 Posts
RBC Bank Georgia does it for me. I'm happy that they allow you to your billing address to the USA when you come across websites that only accept & deal with american credit cards.
tomatogunk is offline   Reply With Quote
This post thanked by:
G
Old 07-11-2017, 10:35 PM   #4
RS.net Licensed Sponsor Dealer
 
Autorice's Avatar
 
Join Date: Apr 2001
Location: AutoRice.com
Posts: 1,962
Thanked 74 Times in 37 Posts
Failed 6 Times in 2 Posts
banner bank in point roberts. it's inside the grocery store. just bring 2 sets of photo id. you can sign up for their credit card as well which has $0 fees per year and you can get 1% cashback on purchases. their regular banking plan has no fees either. lots of canadians use them plus you can put your paypal to it.
Autorice is offline   Reply With Quote
Old 08-11-2017, 07:04 PM   #5
NOOB, Not Quite a Regular!
 
Join Date: Nov 2012
Location: Richmond
Posts: 43
Thanked 82 Times in 19 Posts
Failed 37 Times in 8 Posts
I'd strongly recommend against opening an account at a US bank (in the US) unless it's not a lot of money.

A friend of mine had some tax implications as a result that caused more headaches than it was worth. There was interest income from the account that he didn't file and the IRS ended up making his life a pain the ass for virtually a few thousand dollars.

Best bet is to open a US account with a Canadian Bank and get a US credit card from a Canadian Bank or from a Canadian Division of a US entity.

Example: AMEX Issued in Canada but is in USD or US Mastercard issued from BMO.

With my AMEX, I get billed in USD and pay it from my US account at Harris.

You can also overpay your US CC with USD and take cash-advances in the US (some places charge some don't).
Marco.911 is offline   Reply With Quote
Old 08-14-2017, 08:43 AM   #6
I *heart* Revscene.net very Muchie
 
Join Date: Nov 2004
Location: vancouver
Posts: 3,734
Thanked 792 Times in 394 Posts
Failed 152 Times in 50 Posts
exactly what Marco said...

USD account in canada and get a USD credit card

we've got them from BMO
blkgsr is offline   Reply With Quote
Old 08-14-2017, 09:03 AM   #7
I Will not Admit my Addiction to RS
 
Join Date: May 2014
Location: Home*
Posts: 513
Thanked 387 Times in 128 Posts
Failed 21 Times in 14 Posts
what are if any, high interest USD accounts. max i have seen is .5-.7

i do have a BOA account that i use for purchases down south. (no interest or fees)
Rallydrv is offline   Reply With Quote
Reply


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


All times are GMT -8. The time now is 02:01 PM.
Contact Us - REVscene.net - Archive - Privacy Statement - Top

Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2025, vBulletin Solutions Inc.
SEO by vBSEO ©2011, Crawlability, Inc.
Revscene.net cannot be held accountable for the actions of its members nor does the opinions of the members represent that of Revscene.net