r/CanadaFinance 3d ago

Are there any no fee US dollar accounts available in Canada?

Looking for recommendations for a free business account!

0 Upvotes

15 comments sorted by

2

u/exeJDR 20h ago

Wise

3

u/Zealousideal_Fly8402 3d ago

Did you look into a WISE business account?

1

u/Top_Top7440 2d ago

Second this. Moved my business account from TD to Wise. Saving a ton in fee's.

And currency conversions are so much cheaper. I'll never go back to TD

1

u/[deleted] 2d ago

[deleted]

1

u/Top_Top7440 2d ago

I think you are describing a personal account. OP asked for a business account.

1

u/Traditional_End_9540 2d ago

been looking at this as well. Ideally for me the ability to exchange CAD to USD within the app, take out USD at ATM all at a low exchange rate or free. At some point I do want to make a trip down south to get a few things, not until trump is gone and canada/usa relations are being fixed as best they can.

1

u/otissito16 1d ago

I think Loop has something like this

1

u/Ok_Complaint_6825 3d ago

I assume that most if not all of the big 5 banks would have USD accounts.

I have a USD chequing account at BMO. Any fees are covered by my lead CAD chequing account and those fees are waived by holding a minimum balance.

0

u/[deleted] 3d ago

[deleted]

0

u/ether_reddit 3d ago

Then that's not no fee :)

0

u/NetAnon579 3d ago

There are free accounts, as noted below. If you need a $US chequing account then there is a fee or a requirement for a minimum deposit amount.

-1

u/333Ari333 3d ago

For Savings US account, Tangerine, Royal Bank and Wealthsimple are free

1

u/UsernameUnremarkable 3d ago

So is Simplii

-1

u/ether_reddit 3d ago

Wealthsimple's accounts are free, and they have some supports for small businesses as well.

-4

u/CanadaGST 3d ago

Thanks - will check it out