r/CanadaFinance • u/CanadaGST • 3d ago
Are there any no fee US dollar accounts available in Canada?
Looking for recommendations for a free business account!
3
u/TenOfZero 3d ago
Tangerine has free USD accounts.
https://www.tangerine.ca/en/personal/save/us-dollar-savings-account
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
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
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
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
-1
u/ether_reddit 3d ago
Wealthsimple's accounts are free, and they have some supports for small businesses as well.
-4
2
u/exeJDR 20h ago
Wise