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Sumrpal · 2003-10-02, 09:47 AM

Canadian banks are horrible, eh bob? |pissed| Sometimes they just have no clue about international commerce.

I went to the local branch of the smallest Canadian bank (because they WANT your business) and opened a US$ corporate account and a CDN$ corporate account. I just deposit all US$ cheques into the US$ account and pay a monthly service charge of $7.50US.

That's it. That's my total cost of processing US$ cheques. Of course, they make some foreign exchange when I transfer funds from the US$ account to the CDN$ account, but that's going to happen no matter what you do.

All the best to you, bob! Just keep sluggin'. You'll do alright.

2003-10-02, 09:47 AM	#14
Sumrpal If something's hard to do, then it's not worth doing Join Date: Apr 2003 Location: Canada Posts: 241	Canadian banks are horrible, eh bob? \|pissed\| Sometimes they just have no clue about international commerce. I went to the local branch of the smallest Canadian bank (because they WANT your business) and opened a US$ corporate account and a CDN$ corporate account. I just deposit all US$ cheques into the US$ account and pay a monthly service charge of $7.50US. That's it. That's my total cost of processing US$ cheques. Of course, they make some foreign exchange when I transfer funds from the US$ account to the CDN$ account, but that's going to happen no matter what you do. All the best to you, bob! Just keep sluggin'. You'll do alright.