US bank account?

Discussion in 'Payment Processing' started by Triexa, Oct 13, 2006.

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  1. #1
    I am from Canada, but receive a large amount of income through online payments via PayPal - in US dollars.

    Should I consider opening a us-based account? Why or why not?
     
    Triexa, Oct 13, 2006 IP
  2. brandnewx

    brandnewx Peon

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    #2
    It's always good if you can. On the map, Canada is only an inch away from US, so no prob for you to open one face-to-face.

    Ok, i think it's good in a way that you can receive/initiate direct-deposit and cash out USA checks faster/cheaper.
     
    brandnewx, Oct 14, 2006 IP
  3. Triexa

    Triexa Active Member

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    #3
    Are there any banks that offer free checking accounts (I guess I need mainly/only deposits from PayPal and to write checks)
     
    Triexa, Oct 14, 2006 IP
  4. tr0nic

    tr0nic Active Member

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    #4
    Most banks offer free checking these days. I bank through Bank of America and Citizen's Bank
     
    tr0nic, Oct 14, 2006 IP
  5. Triexa

    Triexa Active Member

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    #5
    Triexa, Oct 14, 2006 IP
  6. tr0nic

    tr0nic Active Member

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    #6
    Usually they charge 5.95 a month service fees if you receive direct deposit checks (such as from an employer).
     
    tr0nic, Oct 15, 2006 IP
  7. drhfinegifts

    drhfinegifts Peon

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    #7
    Don't many Canadian banks offer both CDN and US dollar accounts?

    When I was doing books for a Canadian company they had accounts in both currencies since they operated in both US and Canada.
     
    drhfinegifts, Oct 15, 2006 IP