Quote:
Originally posted by webgurl
the best is TDCanada trust Borderless US Account by Far ..... check it out and you'll know what i mean 
|
wrong. i work for TDCT and i can tell you the borderless really isn't all that special.
the TD Waterhouse Bank Premier USA Checking Account is the best option for Canadian citizens.
http://www.tdcanadatrust.com/usbanking/checking.jsp
http://www.tdcanadatrust.com/usbanking/comp.jsp
it's $6.95 USD a month (compared to $4.95 USD for borderless), but with a few key differences.
first, and most importantly, it's recognized as an American bank account in American dollars. it's not a Canadian bank account in American dollars.
that means you can get domestic wires from American sponsors.
that means you can get ACH direct deposits.
that means the checks you write are cashed/encoded as US checks.
that means the checks you cash aren't subject to 20-30 day holds.
when you make a deposit, the first $500 is available immediately right away. the rest is held for 3-5 days. the hold times get reduced or removed depending on your banking volume/history.
the monthly fee gets waived if you keep a $3000 balance.
you get a preferred exchange rate, you don't pay a commission on travellers checks or drafts and you get a discount on travel medical insurance.
my favorite part of the account is that you get a Visa check card. it has the acceptability of Visa but works like a debit card. pretty much like Paypal debit card.
i've had the account for a year and a half without any problems.
the only downside is that TD Waterhouse Bank is a virtual bank. they have no physical branch locations. all your banking has to be done either by telephone or internet and all your deposits are made by mail. but no more funny looks from tellers when you deposit large checks
