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CoolE · 03-03-2003, 09:38 PM

I found it was quite easy to get a US Funds Visa card in my own name (a personal card) from RBC. You just fill out the form you can get in any branch.

But unlike WG, it was quite a different story for me for a corporate USF card (in my business' name) - eventually after much runaround I was told they do it only in rare circumstances and special approval is required - in otherwords, my little half million dollar a year business wasn't enough for them to bother for me.

So anyway, my workaround is to use my personal USF card for my US expenses then I just reconcile it with my corporation.

Regardless of the exchange rate, a US Visa is a must in my opinion for all of us Canucks in the business. Most of our expenses are in US funds, and virtually all our income is in US funds - so if you convert the income destined for your expenses to CDN then convert it back to US to pay your bills, you lose 2% or so on each conversion. So that is 4% in total - so your bank is getting a 4% surcharge on ALL your US expenses. Fuck that!!

03-03-2003, 09:38 PM
CoolE Confirmed User Join Date: Jul 2002 Location: Canada Posts: 451	I found it was quite easy to get a US Funds Visa card in my own name (a personal card) from RBC. You just fill out the form you can get in any branch. But unlike WG, it was quite a different story for me for a corporate USF card (in my business' name) - eventually after much runaround I was told they do it only in rare circumstances and special approval is required - in otherwords, my little half million dollar a year business wasn't enough for them to bother for me. So anyway, my workaround is to use my personal USF card for my US expenses then I just reconcile it with my corporation. Regardless of the exchange rate, a US Visa is a must in my opinion for all of us Canucks in the business. Most of our expenses are in US funds, and virtually all our income is in US funds - so if you convert the income destined for your expenses to CDN then convert it back to US to pay your bills, you lose 2% or so on each conversion. So that is 4% in total - so your bank is getting a 4% surcharge on ALL your US expenses. Fuck that!!