Quote:
Originally posted by gwilkins
I was thinking of opening a Royal bank Centurion account. It sucks how Canadian banks threaten to hold checks drawn on US banks for 5 weeks 
(25 business days not counting weekends)
|
it's not a threat. unless you're a high valued customer or well-known, they will hold the check. that's about how long it takes the check to clear and for the funds to be 100% cleared.
anyways, i wouldn't recommend opening a Canadian US$ bank account. they suck and the fees are too high.
check this out:
http://www.tdcanadatrust.com/usbanking/checking.jsp
it's what i use. the best part is you get a visa check card. you can use it anywhere visa is accepted (including ATMs) but the funds come from your account. like a paypal debit card.
fees are $6.95 USD/month. you get unlimited transactions, internet/phone banking, no holds and you can get ACH deposits and wires.
the only downside is you have to mail in your checks, but they give you prepaid envelopes. still, 3-4 business days is less than 25.
tbabe, where in canada are you?