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Old 05-09-2003, 04:37 PM   #1
michaelw
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Canadians - what bank do you use? (and that works with paypal?)

Anyone?
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Old 05-09-2003, 04:37 PM   #2
jact
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Scotiabank.
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Old 05-09-2003, 04:54 PM   #3
jpoker
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i use royal but i'm going to move to scotia.
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Old 05-09-2003, 04:57 PM   #4
Nysus
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Why Scotia? I'm with Bank of Montreal and sort of get pissed off at their little charges.. I have US company account and a Canadian personal with them.

Cheers,
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Old 05-09-2003, 04:58 PM   #5
GTS Mark
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I deal with CIBC and have no problems.

DH
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Old 05-09-2003, 05:01 PM   #6
jact
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Quote:
Originally posted by Nysus
Why Scotia? I'm with Bank of Montreal and sort of get pissed off at their little charges.. I have US company account and a Canadian personal with them.

Cheers,
Matt
I have two choices here. Scotia or TD. Or, I could drive 1.5 hours each way to deal with any other bank. The choice was obvious.
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Old 05-09-2003, 05:05 PM   #7
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Scotia sux i used to deal with them, just use ROYAL
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Old 05-09-2003, 05:10 PM   #8
FlyingIguana
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i used to use royal, but they're a bunch of dicks. so i switched to scotia and they actually have procedures in place to deal with american cheques. much better to work with.
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Old 05-09-2003, 05:13 PM   #9
buddyjuf
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Laurentian Bank
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Old 05-09-2003, 05:14 PM   #10
FlyingIguana
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Originally posted by bdjuf
Laurentian Bank
how's laurentian for cashing american cheques? maybe i'll switch when i move back to toronto.
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Old 05-09-2003, 05:16 PM   #11
Freakster
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Laurentian Bank is totally unprofessionnal ... switched to TD.
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Old 05-09-2003, 05:17 PM   #12
FlyingIguana
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Quote:
Originally posted by Freakster
Laurentian Bank is totally unprofessionnal ... switched to TD.
damn, i think everybody has different opinions and experiences with every single bank.
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Old 05-09-2003, 05:17 PM   #13
ppk
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What do you mean "works with PAYPAL"?

Are you transferring money to your bank account?
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Old 05-09-2003, 05:17 PM   #14
dlex
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cibc
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Old 05-09-2003, 05:18 PM   #15
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when you withdraw money from paypal to your bank it HAS to go to the canadian account even if you have a usa account with your bank
I use royal bank btw because they have the best online system and answer e-mails in 24h
if you have to go there physically forget it...
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Old 05-09-2003, 06:19 PM   #16
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Quote:
Originally posted by FlyingIguana
i used to use royal, but they're a bunch of dicks. so i switched to scotia and they actually have procedures in place to deal with american cheques. much better to work with.

lol.. i just opend a usd account at royal and they said they want $200 a year to be able to write cheques to americans.
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Old 05-09-2003, 06:31 PM   #17
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Is there ANY doubt?
Superstore!
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Old 05-09-2003, 06:35 PM   #18
gruffy
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Is there ANY doubt?
Superstore!

they don't do business accounts.
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Old 05-09-2003, 06:45 PM   #19
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I just recently switched from CIBC to TD. It seems that to open a CIBC account you need to have good credit, even though you're not applying for any loans/lines of credit.

I was with cibc for about 6 YEARS and when i tried to open a business account, with a large chunk of cash too, they denied me. I went over to TD and in a matter of about 30 mins i had my business account opened..

So to make a long story short i ended up moving all my funds over to TD and im in the process of getting rid of any CIBC products i have.
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Old 05-09-2003, 06:54 PM   #20
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Quote:
Originally posted by Nysus
Why Scotia? I'm with Bank of Montreal and sort of get pissed off at their little charges.. I have US company account and a Canadian personal with them.

Cheers,
Matt
What little charges do you get with BMO? I haven't noticed any once I got my US account setup.

Maybe they stuck you on a shitty plan? I'm on the one that is supposed to be $14.50 a month, but as long as you keep just slightly over $5000 in your account they don't charge you anything at all.

With the US account setup they don't charge you for depositing or transferring the US cheques either, which you probably already know. They were charging like $2.50 to do it for each check before I had the US account, which sucked ass.
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Old 05-09-2003, 07:31 PM   #21
michaelw
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Quote:
Originally posted by ppk
What do you mean "works with PAYPAL"?

Are you transferring money to your bank account?
yes

right now, im thinking scotia or royal.. which one?
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Old 05-09-2003, 07:41 PM   #22
bikinihouse
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I use TD and PC (President's Choice Financial).

Both work great.
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Old 05-09-2003, 08:32 PM   #23
jpoker
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I made the mistake of telling the business banking person at
Royal Bank what kind of business I was into. Next thing
I know her boss calls me at home and starts asking all
sorts of questions. I was honest with her and simply
asked if they had a policy on this sort of thing because if
they did I was never made aware of it and nor did I see
any mention of it in their documentation that was given to me
when i opened the business account. She told me that, yes they do have a policy but that she didn't know the specifics. I asked her to fax it to me. She said she didn't
have it with her and that she'd have to look into it.
A couple
of weeks go by and I call and ask where the policy is.
She says, oh, everything is fine. "We were concerned that you
were doing something illegal and that you might be a credit
risk. But we had our lawyers look into it and they confirmed
that what you are doing is legal". I said "how can I be
a credit risk when I don't have any credit with you guys?".
She responded with "Oh, thats true".
It was clear in the way that she spoke to me that her
personal attitude about porn was getting in the way of her
professional behaviour.


- Johnny
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Old 05-09-2003, 08:34 PM   #24
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I'm not canadian. I can't help you.
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Old 05-09-2003, 08:43 PM   #25
michaelw
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Quote:
Originally posted by Ampiezza
I'm not canadian. I can't help you.
wow
postcount++ huh?
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Old 05-09-2003, 08:51 PM   #26
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Paypal deposits go in fine - just as sexyclicks mentioned, at the moment, no matter where you bank, if you are in Canada (paypal funds) get converted to Canadian Funds - and that's simply because that's one of the ways they make money :-)
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Old 05-09-2003, 08:54 PM   #27
michaelw
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anyone dealt with alberta treasury branches?
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Old 05-09-2003, 09:10 PM   #28
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I'm originally from Tennessee but married and moved to toronto a few years ago, we've used TD for several years and never had any problems with them on our U.S or Cdn. accounts.....also its no problem what so ever to open any accounts whether business or personal with TD....
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Old 05-09-2003, 09:19 PM   #29
michaelw
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does anyone deal with alberta treasury branches?

anyone get paypal to work with em?
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Old 05-09-2003, 09:33 PM   #30
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RBC Royal bank
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Old 05-09-2003, 09:36 PM   #31
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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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Old 05-09-2003, 09:54 PM   #32
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has anyone used alberta treasury branches? did u manage to withdraw money from paypal to the bank successfully?
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Old 05-09-2003, 09:56 PM   #33
Olivier
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Quote:
Originally posted by bogo
RBC Royal bank

Yep! I second that! Royal Bank is great
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Old 05-09-2003, 10:04 PM   #34
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credit union
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Old 05-09-2003, 10:08 PM   #35
johnny1
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royal are the only too clear US cheques right away
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Old 05-09-2003, 10:48 PM   #36
psyko514
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Quote:
Originally posted by johnny1
royal are the only too clear US cheques right away
any particular reason why you used the ak47 smilie, dumbass?

take some english lessons and then check this out:
http://www.tdcanadatrust.com/usbanking/checking.jsp
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Old 05-10-2003, 01:40 AM   #37
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I use TD and Royal Bank.
I get money on Royal Bank day before i get them on TD.
But I don't like Royal Bank's service, and that most of their banks close at 4 so I moved to TD bank.
Also with TD Bank they usually do not put hold on US checks.
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Old 05-10-2003, 01:42 AM   #38
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edit actually CIBC is real good with paypal, never had any probs at all,

just the bank hours suck dick heh.

CIBC sux!

use TD and thats it, only fuckin TD!
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Old 05-10-2003, 02:11 AM   #39
psyko514
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Quote:
Originally posted by MetaMan
CIBC sux!

use TD and thats it, only fuckin TD!


my girl works for CIBC and I work for TD
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Old 05-10-2003, 03:04 AM   #40
x582
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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.
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.

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Old 05-10-2003, 03:09 AM   #41
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TD Bank all the way.

I've dealt with all of them. I've had friends in University that
couldn't get a loan anywhere. I told them to go to TD and
open an account. Both of them got loans thru TD almost instantly.

TD is the 'new economy bank'. TD treats you amazingly, go
in any bank and you get respect... Go to CIBC and you're
a criminal no matter what. I fucking hate CIBC.. CIBC always
has 'stale' air in their banks.. i hate the environment.

BMO is terrible, CIBC is terrible, TD = No holds on checks, almost
instant credit (non-secured lines of credit), and numerous other
things. I especially like the Foreign funds transfer in Online Banking. No longer have to call anyone to transfer.

Also, get a TD Waterhouse account (You've seen the commercials I assume..) They give you Prime - 2% on your balances and you can withdraw it .. they don't ass fuck you.

Plus you can do your trading.. although I don't recommend it.. I've lost thousands learning the game heh. I know we all
have in the recent years but fuck me it sucks.

TD all the way!

Only thing TD sucks on, merchant accounts for porn, but that's
a canadian thing


TD BANK!
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Old 05-10-2003, 03:10 AM   #42
lawked
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Oh, and I forgot to mention.. TD has banks on almost every corner in every major city.

TD!
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Old 05-10-2003, 06:16 AM   #43
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never never nver use desjadins, that real bullshit for us money
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Old 05-10-2003, 06:19 AM   #44
Burtman
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Quote:
Originally posted by p00p
Is there ANY doubt?
Superstore!
Owned by CIBC. They were advertising jobs for PC banking on the gov on ontario website. You had to send your resume to CIBC.

I use CIBC, my only complaint is that it takes forever to pay my american visa. The tellers have to fill out a whack of paperwork and get a manager to give an access code etc...


Burtman
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Old 05-10-2003, 06:31 AM   #45
FlyingIguana
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Originally posted by lawked
TD Bank all the way.

I've dealt with all of them. I've had friends in University that
couldn't get a loan anywhere. I told them to go to TD and
open an account. Both of them got loans thru TD almost instantly.

TD is the 'new economy bank'. TD treats you amazingly, go
in any bank and you get respect... Go to CIBC and you're
a criminal no matter what. I fucking hate CIBC.. CIBC always
has 'stale' air in their banks.. i hate the environment.

BMO is terrible, CIBC is terrible, TD = No holds on checks, almost
instant credit (non-secured lines of credit), and numerous other
things. I especially like the Foreign funds transfer in Online Banking. No longer have to call anyone to transfer.

Also, get a TD Waterhouse account (You've seen the commercials I assume..) They give you Prime - 2% on your balances and you can withdraw it .. they don't ass fuck you.

Plus you can do your trading.. although I don't recommend it.. I've lost thousands learning the game heh. I know we all
have in the recent years but fuck me it sucks.

TD all the way!

Only thing TD sucks on, merchant accounts for porn, but that's
a canadian thing


TD BANK!
td won't cash american cheques here. i asked and they said there's always holds on them. so i went to scotia and after 3 months they cash everything.
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Old 05-10-2003, 11:46 AM   #46
psyko514
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Join Date: Oct 2002
Location: Montreal, Quebec. ICQ: 214702014
Posts: 22,366
i'll say it again since y'all didn't catch it the first time.

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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Old 05-10-2003, 02:16 PM   #47
FlyingIguana
aspiring banker
 
Join Date: Mar 2002
Location: toronto
Posts: 10,870
Quote:
Originally posted by psyko514
i'll say it again since y'all didn't catch it the first time.

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.
no 21 day hold on american cheques? or is it no holds after you 'establish a relationship' with the bank?
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Old 05-10-2003, 02:18 PM   #48
jact
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Join Date: Sep 2002
Location: Oakville, Canada
Posts: 9,134
Quote:
Originally posted by FlyingIguana


no 21 day hold on american cheques? or is it no holds after you 'establish a relationship' with the bank?
Royal didn't used to hold my money at all, then we went to 21 days, then we went to 6 months and I threatened to kill the manager and his family and switched to Scotia that day....

Scotia has never held a check on me.

TD held my GST check once.. They're idiots.
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Old 05-10-2003, 02:22 PM   #49
psyko514
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Location: Montreal, Quebec. ICQ: 214702014
Posts: 22,366
Quote:
Originally posted by FlyingIguana
no 21 day hold on american cheques? or is it no holds after you 'establish a relationship' with the bank?
nope. the bank account is the equivalent of an american bank account. so no 21 day holds and no problem with receiving wires.
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Old 05-10-2003, 02:25 PM   #50
FlyingIguana
aspiring banker
 
Join Date: Mar 2002
Location: toronto
Posts: 10,870
Quote:
Originally posted by psyko514


nope. the bank account is the equivalent of an american bank account. so no 21 day holds and no problem with receiving wires.
i send TD an email. i'll have to see what they say. if there's no holds i'll switch to TD next week.
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