Enjoy Freedom and Flexibility with a Cross-Border U.S. Bank Account for Canadians (2024)

FAQs

Can a Canadian get a US bank account? ›

As a Canadian - can I even open a U.S. account? Yes! To open an RBC Bank U.S. account, you don't need to be a resident of the U.S., a U.S. address or Social Security number. You simply need to be 18 years or older and live in Canada or the U.S. Signing up takes just a few minutes.

CIBC, BMO, TD Bank, and RBC all offer cross-border banking solutions to allow Canadians to open a US-domiciled bank account.

If you regularly conduct business in the United States, make trips across the border or own U.S. real estate, you may want to consider a U.S. dollar bank account. A U.S. dollar bank account is an account that holds U.S. dollars (USD) for you at your Canadian bank—no conversion to Canadian dollars (CAD) necessary.

Chase Bank is a U.S.-based financial institution that offers cross-border banking options for Canadians. You'll have the option to choose from several different accounts, so you can find something to suit your specific needs.

Non-U.S. citizens can open bank accounts in the U.S., but may need to go through extra steps, especially if they're nonresidents. Some banks and credit unions accept alternative forms of identification, such as an Individual Taxpayer Identification Number (ITIN), for non-U.S. citizens to open accounts.

U.S. Bank Canada has the right payment solutions, data management and reporting tools to help your organization reduce costs, enhance control and streamline your entire payment processing function.

International wire transfers may be completed by visiting a U.S. Bank branch or by calling 24-Hour Banking at 800-USBANKS (872-2657).

You can't use Zelle in Canada - it's for payments between US based banks only. Use this handy guide as a way to find alternative providers to make convenient, low cost, online and mobile payments to Canada.

With more than 2,000 branches and offices in 50 countries, Scotiabank is the most international of the Canadian banks and has been doing business internationally for more than 100 years.

Which bank is international in Canada? ›

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As Canada's most international bank, we needed to do a better job reaching all of our customers – and this change will make it easier for all of our customers around the world to connect with us.

Citibank. Citibank is one of the best international banks in the US for expat banking because of their very international model. It currently physically operates in 97 markets ², supporting clients from more than 160 countries, making access to their ATMs more convenient.

In addition to various forms of ID, a non-citizen generally needs to provide a Social Security number (SNN) or an Individual Taxpayer Identification Number (ITIN) when opening an account. Many banks and other financial institutions require an SSN to open an account.

Having a savings account with American dollars inside it allows you to simply withdraw what you need before you head for the border (and not have to constantly convert – and pay currency exchange rates – to do so)! If you want to diversify your currency holdings.

Can I open an account if I'm not a permanent U.S resident? If you're a non-resident alien with a primary residence in the U.S. or its territories, you can apply in person by making an appointment to apply in person at a Wells Fargo branch.

Can I open a bank account without a SSN? Yes, it's possible to open a bank account as an undocumented immigrant or without having a Social Security number. You'll need to provide other forms of proof of ID, such as a passport, driver's license, consular ID or birth certificate.

Yes. You can open a bank account in Canada as a US citizen. However exactly how you get started will depend on whether you're planning to move to Canada or need an account as a non-resident. Usually it's far easier to open a bank account with a traditional Canadian bank if you're a resident there.