Are you a Canadian citizen wondering if you can open a bank account in USA? We have an answer to your query. Yes, Canadians are eligible to open a savings or a chequing bank account in the United States of America.
The United States of America and Canada not only share the longest international border but their economies are also deeply entwined. They have a strong bilateral trade and investment relationship. They trust each other on national security and defense. They are also commonly a part of the World Trade Organization (WTO), United Nations (UN), G7, G20, Arctic Council, etc. Such deep relationships pave way for the constant travel of Canadians to the US.
Are you one such person who wants to know if you can open a bank account in the United States as a Canadian? Get more info.
Canadians travel to the US frequently and it will be an exacting process to keep converting their Canadian dollars (CAD) to US dollars (USD), every time they travel. If they choose to use their international debit card, they will incur a high fee every time they make a transaction or withdraw money. Hence, it will be wise of the frequent travelers, to have savings or a chequing bank account in the US.
Yes, Canadians are eligible to open a savings or a chequing bank account in the United States of America.
Each and every bank has a different set of rules and regulations to adhere to. The common one is that, you must disclose your full information – name, age, Canadian mailing address, and contact information and validate the details using identification documents such as your passport, driver’s license, etc.,
Some banks that extend services to Canadians
Here is a list of a few banks that has their base in Canada and offer banking services in the United States of America:
It is a convenient option for Canadian travelers to have a bank account in the USA. By opening a bank account in the US itself, one can evade the effects of exchange rate fluctuations. What do you think? Should a Canadian citizen open a bank account in USA? If yes, which bank would you prefer?