Geez bob .. it was TD?!? I would have thought it was Commerce or Nova Scotia. They are the worst two by far.
Anyway, as a longer term solution, set yourtself up as a company (you don't have to incorporate, it can be a sole proprietorship), then take that documentation to a bank (preferably Royal, Montreal, National) and set up a US$ current account and a CDN$ current account.
While there may be a short period of time that the US cheques are held (14 to 21 days), once you have gone through the 'probation' period they will drop the hold and the cheques will be credited to your account immediately.
When you have a US$ account, you can leave the money in there as US dollars, which you can withdraw as US cash or US travellers cheques or send out a US$ cheque or money order to pay an account. When you need to, just have the bank 'buy' some US dollars from your US$ account and deposit the CDN funds in your CDN$ account.
It took me longer to write about it than it actually takes to do the transactions ... LOL. As I said, this is a longer term solution for you, once you have gotten over the hump. This will keep you in good standing with the bank, build up your credibility with them, so that they don't treat you like a pile of dog turd next time a small problem comes up.
Just my 2¢ CDN
2003-10-03, 07:52 PM
Hybrid Mode
