Explore Cross-Border Banking Solutions for Canadians in the US (2024)

Explore Cross-Border Banking Solutions for Canadians in the US (1)

No annual fee cross-border banking for 1 year20Legal Disclaimer (opens in popup),29Legal Disclaimer (opens in popup)

Head to the U.S. with the essentials:

  • No annual fee U.S. banking for 1 year
  • A credit card tailored to your needs
  • Cross-border offers & perks

Use our bundle builder to have a cross-border bundle built just for you!

Build My Bundle

Cross-border banking for Canadians

Find cross-border solutions to save money and let you focus on enjoying your time in the U.S.

Explore Cross-Border Banking Solutions for Canadians in the US (2)

U.S. bank accounts

Enjoy your travels with instant cross-border transfers1Legal Disclaimer (opens in popup) and 50,000+ no-fee ATMs2Legal Disclaimer (opens in popup) – you can even send money to your friends and family – all from your phone.

Explore U.S. Bank Accounts

Explore Cross-Border Banking Solutions for Canadians in the US (3)

U.S. credit cards

Save on foreign transaction fees, earn rewards and enjoy purchase protection, travel perks and convenience.

Explore U.S. Credit Cards

Explore Cross-Border Banking Solutions for Canadians in the US (4)

U.S. mortgages

Whether you’re buying your first U.S. home,8Legal Disclaimer (opens in popup) using your U.S. equity to upgrade or invest, or renewing your current mortgage, we will guide you through your options and help you find the solution that’re right for you.

Buy A New Home Tap Into Your U.S. Home Equity

Explore Cross-Border Banking Solutions for Canadians in the US (5)

The only U.S.-based bank specifically designed for Canadians

For 20 years, RBC has been providing secure and easy U.S. banking to over 450,000 Canadians who live, travel, shop and work in the U.S. We make cross-border banking easy and secure.

No worrying about drafts and wires. Enjoy free transfers between your Canadian and U.S. RBC accounts — 24/7 with no delay.

Transfer Money

Get cash at 50,000+ no-fee ATMs2Legal Disclaimer (opens in popup) in all 50 states. Plus cash back at large retailers like Target, Costco, CVS and Walgreens.

While there is no Interac e-Transfer in the U.S., there are several ways to send money between U.S. accounts through 3rd party apps like Venmo, PayPal, Apple Cash and Cash App with a U.S. cell number.39Legal Disclaimer (opens in popup) You can also transfer funds to other U.S. accounts in online banking.

With your no annual fee RBC Bank U.S. Visa Signature Black credit card, avoid foreign transaction fees on your U.S. purchases while earning 1 Avion point for every $1 spent.6Legal Disclaimer (opens in popup) Redeem points for travel, gift cards or unlimited 1% cash back.24Legal Disclaimer (opens in popup)

Build a U.S. banking bundle tailored to your needs

Use our bundle builder to build your very own cross-border banking bundle. We’ll suggest the best bank account and credit card based on your needs.

Build My Bundle

Get cash at 50,000+ no-fee ATMs in all 50 states!

Search for a no-fee ATM near you:

Explore Cross-Border Banking Solutions for Canadians in the US (10)

FEATURED OFFER FOR RBC CLIENTS

Explore Cross-Border Banking Solutions for Canadians in the US (11)

Abenity perks

Save with 300,000+ discounts on hotels, restaurants, attractions and more

Buy your U.S. dream home

RBC U.S. HomePlusTM Advantage is built exclusively for Canadians to take the guesswork out of U.S. homebuying. You’ll get access to cross-border real estate, tax, legal and homebuying experts.

RBC U.S. HomePlusTM Advantage

Choose the rate & term that’s right for you

Rates starting at:

Choose between 3-, 5-, 7-, and 10-year terms.Legal Disclaimer (opens in popup)25 All loans are amortized over 30 years to keep your monthly payments low and when your term expires, renew for free.

Mortgage payment calculator

Estimate your monthly mortgage payment, including taxes and insurance.

Play With The Numbers

Cash vs. financing calculator

See how financing saves you thousands of dollars in one-time, upfront impact of foreign exchange (FX) costs.

Explore The Cost Of Financing

Explore Cross-Border Banking Solutions for Canadians in the US (12)

Save thousands on a U.S. mortgage

Don’t pay bank fees on your U.S. mortgage and save up to $4,500 USD in closing costs.42Legal Disclaimer (opens in popup)

Get Pre-ApprovedGet Pre-Approved Link

Explore Cross-Border Banking Solutions for Canadians in the US (13)Have Questions? Talk To A U.S. Mortgage Expert

The $4,500 USD in savings is based on an average loan of $450,000.

With Abenity39Legal Disclaimer (opens in popup), you’ll save with 300,000+ discounts on hotels, restaurants, attractions and more

As an RBC Bank client, use Abenity's mobile app or website to get access to discounted rates on fun experiences, travel, dining out, necessities and more in the U.S.

Explore Cross-Border Banking Solutions for Canadians in the US (2024)

FAQs

Which American banks allow cross-border banking with Canada? ›

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

What is the best US account for Canadians? ›

EQ Bank USD Bank Account – Best Interest Rates in Canada

EQ Bank's EQ US Dollar Account is a no-fee account with the highest interest rate on this list (by far!) at 3.0%. The EQ US Dollar Account benefits from exchange rates on the market due to their partnership with a major currency exchange company.

Can Canadians 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.

Can a Canadian open a Wells Fargo account? ›

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.

Does TD Bank offer cross border banking? ›

Travellers and part-time residents can enjoy convenient TD Cross-Border Banking between the U.S. and Canada with 24/7 support. Manage your money through online banking, by phone or in person. View TD Cross-Border Banking products and services.

Are there any banks that are in both the US and Canada? ›

PNC Bank Canada Branch

PNC also features banks in the US and Canada but solely offers specialized services to serve companies that operate in both countries. They boast an integrated approach for treasury management and payments through their corporate online and mobile banking platform, PINACLE.

Can a Canadian open a bank account with Chase? ›

Banks and Credit Unions That Accept Alternative IDs

Many large banks in the U.S. accept alternative IDs from a non-U.S. citizen trying to open an account. These include Bank of America, Chase, TD Bank, US Bank and Wells Fargo. Some credit unions also accept alternative forms of ID.

Can I set up a Canadian bank account from the US? ›

Some Canadian banks do offer online account opening, but you may find it tricky to provide the required identification and residence documents. As a US citizen the easiest way to open your Canadian account is probably to choose a specialist online account provider which can accept your US identification documents.

Can I open a bank account online without going to the bank in Canada? ›

You can open a bank account either in person, by electronic means or by telephone. The bank must be able to confirm your identity through proper identification.

Can you open a CAD account in the USA? ›

Whether or not you can open a Canadian dollar account in the US will depend on the specific bank or provider you pick. Factors like your citizenship and residency may also make a difference, so do remember to read all the eligibility requirements carefully before you apply.

Can I use my Canadian debit card in the USA? ›

The Cross-Border Debit service is an easy and secure alternative to carrying large amounts of cash when you travel. All you need is your debit card and Personal Identification Number (PIN) to access your primary Canadian banking or savings account1 and make purchases at any of the 1,000,000 merchants in the U.S.

Can I open a bank account in the USA without living there? ›

Having a checking account can be a way to build a solid foundation for your financial life in the U.S. Some non-residents sometimes believe they're ineligible to open a bank account in this country. Fortunately, that isn't true. Many financial institutions offer U.S. bank accounts for non-residents.

Is Wise a US bank? ›

Wise isn't a bank, however, Wise is a trusted Money Services transmitter that is regulated by Federal and State regulators.

Does U.S. Bank operate in Canada? ›

U.S. Bank Canada, a division of U.S. Bank National Association (USBNA), is a Schedule 3 bank in Canada regulated by the Office of the Superintendent of Financial Institutions (OSFI).

Can you open a U.S. Bank account without a US address? ›

Yes, a foreigner can open a bank account in the US without needing a US address. However, not all banking institutions allow for it. Even traditional banks that do offer accounts to non-residents often have requirements – like opening the account in person – that make it difficult for non-residents to apply.

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