Quote:
Originally posted by psyko514
http://www.tdcanadatrust.com/usbanking/checking.jsp
check that out. it's the equivalent of having an american bank account, without american citizenship.
you can write/cash american cheques without problem or delay.
you can easily accept american wires, even from sponsors who only wire to american accounts.
you get a visa check card which has the convienience of an interac card but the worldwide/online acceptability of a visa card.
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Yeah, fucking TD Waterhouse...
I had an account with them in 2001 and they froze my account because "apparently" i was receiving too much money and i was operating my personal account like a "business account". I told them that it was big bullshit, that I was selfemployed and stuff.
It was a big mess, they also froze my account at the TD in canada. And i had to fucking argue with them to get my money ASAP. I had more than $50k with them, and they treated me like shit.
So i didn't have any bank account in Canada and I needed one
so I went to CIBC and they refused to open an account because i had too much money for my age and blah blah blah - they didn't like me being upfront about "online adult marketing" revenues.
I tried HSBC and they said they were going to get back to me - and next thing i know - the local police department wants to meet up with me because he was suspecting me doing money laundering. He end up calling ARS and asking questions... big shit.
I then went to Bank of Montreal and decided to stay quiet about the "adult stuff" and they opened an account for me. I made an initial deposit of $100k when i opened the account - and they were really great!
2 months later - i opened a company account there. It was great - good service. The only thing i didn't like was the exchange rate US to CDN. It was always lower than RBC and other banks offered.
1 year after the account was opened and transacted over $1.5 Million into this company account. They refused to give me a $100 credit card limit because they found out I had revenues coming from the "adult business".
6 months later (and never had NSF checks) they decided to hold all the US checks for 30 working days - new bank policy. That's bullshit - so i closed the account.
I sent all my money to my bank account at Bank Of America and CitiBank in the US - and it's been GREAT!
So my suggestion - don't bother with Canadian Banks - they all suck... Cross the border, bring your incorporations paper or if it's a personal account your IDs and open an account there. And in case you are wondering - they can open Canadian checking account as well.
