Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this5:00 pm
March 8, 2022
Offline
Hi all,
I am looking for a recommendation for a US$ account with decent rates? Not a huge amount, just a little over $10,000 US.
Also, if it's an online bank and you want to withdraw cash cash. How do you get it?
Thanks!
5:28 pm
August 10, 2018
Offline
EQ Bank 1.4%. Withdrawal via transfer to brick and mortar bank. I use ScotiaBank USD account.
5:53 pm
April 14, 2021
Offline
If you don't have a Tangerine account, you might qualify for 4% by opening a new acct. Some of their promotional offers cover all CAD and USD accounts, equally.
12:32 pm
October 27, 2013
Offline
If one has big bank discount brokerage accounts, their USD ISAs are currently paying in the order of 2.2% and that will likely go up after the US Fed raises rates Sept 20-21. If one then has an associated USD savings account at the same FI, sell the USD ISA, transfer USD cash out to the USD savings account and retrieve physical cash at the branch level.
Real life example: EQB1000 @2.2% on the USD side of a Scotia iTrade brokerage account. Sell EQB1000 units, transfer the cash to the Scotiabank USD savings acount and retrieve physical USD at the branch level.
I can do similar example out of BMO Investorline, where I sell ISA USD units, transfer the cash to my BMO USD savings account and 1) retrieve USD cash at the branch level.... or 2) move that USD cash to my BMO Harris bank account and retrieve USD cash from an ATM while in the USA.
There are a number of possible options using a big bank brick and mortar branch as the ultimate vehicle to receive physical USD cash.
1:47 pm
May 22, 2015
Offline
AltaRed said
If one has big bank discount brokerage accounts, their USD ISAs are currently paying in the order of 2.2% and that will likely go up after the US Fed raises rates Sept 20-21. If one then has an associated USD savings account at the same FI, sell the USD ISA, transfer USD cash out to the USD savings account and retrieve physical cash at the branch level.Real life example: EQB1000 @2.2% on the USD side of a Scotia iTrade brokerage account. Sell EQB1000 units, transfer the cash to the Scotiabank USD savings acount and retrieve physical USD at the branch level.
I can do similar example out of BMO Investorline, where I sell ISA USD units, transfer the cash to my BMO USD savings account and 1) retrieve USD cash at the branch level.... or 2) move that USD cash to my BMO Harris bank account and retrieve USD cash from an ATM while in the USA.
There are a number of possible options using a big bank brick and mortar branch as the ultimate vehicle to receive physical USD cash.
Sorry, this is off topic. I also have a BMO Harris account but I don't go very often to USA. Where can I use my Bank Card in Canada to keep it active ? I tried it at BMO machine it didn't work. Thanks
2:01 pm
August 10, 2018
Offline
Thanks to the info on this site, I will now transfer my $US currently earning 1.4% in EQ, to my TD Waterhouse account for investment in their TD ISA account earning 2.2%.
2:12 pm
October 27, 2013
Offline
lhsaid said
Sorry, this is off topic. I also have a BMO Harris account but I don't go very often to USA. Where can I use my Bank Card in Canada to keep it active ? I tried it at BMO machine it didn't work. Thanks
Best I can tell, you can't.
3:53 pm
March 8, 2022
Offline
Thanks for all the good replies in here! Much appreciated!
AltaRed is far more advanced than me, but it was a good reply! Looks like EQ Bank or Tangerine are who I will look at.
My local HSBC branch will be closing in January, so I will need a new brick and mortar bank for US funds for sure. I am very lazy and picky about that... I want a good location close to my travels and no waiting in line. I hate waiting in line!
Thanks all!
Please write your comments in the forum.