Transferring money from CAD account to US account

[Flames9_RN 358]

"cash is king" depends!! My parents gave me a bunch of cash a few yrs ago. they Went to their bank--bank of Montreal--and stated here is Cdn $$$ how much american $$$$ is this?? Bank gave them the amount. They called me, I Logged on to CH to check the rate. CH was better. Moral of the story, each situation is different, and one should do their research,lol. if ur transferring smal amounts of $$, probably not a big deal, larger amounts it is definitely worth it to do ur research. I feel safer doing it through CH,then carrying large wads of cash with me.

[Brother Hesekiel 2,236]

1) You can transport as much cash as you want; all that's needed from $10K on is to fill out the appropriate forms. No big deal. I have friends who as tourists brought several hundred thousand Dollars in cash when buying a house in Florida.

2) Don't bring foreign currency into the US and try to exchange it there for greenbacks. Do the exchange in your home country and bring US Dollars.

[suzukiwookie 1]

Quick question: I'm currently in the US with my husband and am looking to transfer some funds from my CAD account to my US account. Does anyone have a way to do this with the least cost? Thanks so much!

I opened a Canadian RBC bank account and then I opened an American RBC bank account. I can transfer money back and forth for free. There is no service charge and the transfer is instant. I also got a credit card from RBC USA and that helped me establish credit here in the US. I have been here for less than a year and I already have a credit history and two American credit cards! I am well on my way to establishing good credit thanks to RBC! And better yet - there is an RBC just 4 minutes from my house here in FL.. how convenient is that!?

[Wyatt's Torch 45]

I opened a Canadian RBC bank account and then I opened an American RBC bank account. I can transfer money back and forth for free. There is no service charge and the transfer is instant. I also got a credit card from RBC USA and that helped me establish credit here in the US. I have been here for less than a year and I already have a credit history and two American credit cards! I am well on my way to establishing good credit thanks to RBC! And better yet - there is an RBC just 4 minutes from my house here in FL.. how convenient is that!?

That is AWESOME info! Thanks for that! I was asking them that at my RBC branch yesterday, but they weren't too sure. They said the two banks are completely unrelated...which struck me as very odd.

I'll be living in D.C., which is an hour and a half from the closest RBC branch in Richmond, but I think it'll be worth it to drive down there and set up my account, then just maintain everything online as usual. My wife and I have a joint account, so if it happens that I receive any checks, I can put them in that and just transfer them over.

[Flames9_RN 358]

That is AWESOME info! Thanks for that! I was asking them that at my RBC branch yesterday, but they weren't too sure. They said the two banks are completely unrelated...which struck me as very odd.

I'll be living in D.C., which is an hour and a half from the closest RBC branch in Richmond, but I think it'll be worth it to drive down there and set up my account, then just maintain everything online as usual. My wife and I have a joint account, so if it happens that I receive any checks, I can put them in that and just transfer them over.

Lot of TD banks in the DC area

[Wyatt's Torch 45]

Lot of TD banks in the DC area

Yeah...I'm an RBC customer though.

[trailmix 77]

That is AWESOME info! Thanks for that! I was asking them that at my RBC branch yesterday, but they weren't too sure. They said the two banks are completely unrelated...which struck me as very odd.

I'll be living in D.C., which is an hour and a half from the closest RBC branch in Richmond, but I think it'll be worth it to drive down there and set up my account, then just maintain everything online as usual. My wife and I have a joint account, so if it happens that I receive any checks, I can put them in that and just transfer them over.

Yeah we did this too. RBC 5 mins from us in Lake Mary. Oh and when you call the RBC customer service line - as in the U.S. customer service line - the folks are in Canada.

Local branches here in Canada can be very vague about the process. For instance they didn't give us the RBC visa card - it is all a very long story - but the reason I mention it is if the local branch is 'vague' go to another branch until you find someone that knows what they are doing.

[lilacvioletiris 11]

So let me get this straight, my fiance could become a RBC member, get a U.S. RBC visa card, and start building his credit score in the U.S.?

[lgg 2]

How fast could I do this? as in could I transfer my two CCs from CIBC to RBC or do they put me in the beginner's line since I've never banked with them?

I could do all this, I will as wow, that would be great...

I bank with CIBC now and they've been godo to me but it would be nice to establish some sort of credit in the US Tout de suite...

So let me get this straight, my fiance could become a RBC member, get a U.S. RBC visa card, and start building his credit score in the U.S.?

[lilacvioletiris 11]

Too bad the closed RBC is 467.50 miles away from where we will be living in the U.S.

[Wyatt's Torch 45]

Too bad the closed RBC is 467.50 miles away from where we will be living in the U.S.

Sounds like a day-trip to me!

[trailmix 77]

How fast could I do this? as in could I transfer my two CCs from CIBC to RBC or do they put me in the beginner's line since I've never banked with them?

I could do all this, I will as wow, that would be great...

I bank with CIBC now and they've been godo to me but it would be nice to establish some sort of credit in the US Tout de suite...

Yes you can do it, as in go to the RBC today and open a Canadian and an American account.

We were not their customers either when we did this - which created some hassle - but the guy didn't know what he was doing - that created the biggest hassle (and folks i'm not talking about them just mucking us around a bit, i'm talking about taking a U.S. TD Bank money order and walking it over to the RBC and having to have that manager call the TD manager to verify it was our money - so it could be released - about having the debit cards sent but no pin numbers, about not having access to our money when we arrived and having to use a Canadian bank card to - ok that's enough - you get the gist)

So yeah, you can do this, I would 100% recommend that you go to a Main branch, like downtown, to do it though.

We never got the much touted RBC U.S. visa card. /sigh

[Wyatt's Torch 45]

Okay -- good news! Despite what I heard from another branch of RBC, I was at the main branch in Langley today, getting the money order for my medical, and I got to talking with the teller. Indeed, there IS a program in place that allows for free transferal of money between a Canadian and American U.S. checking account. I've got an appointment for Tuesday to go ahead and set it up.

I'll let you know more information once I have my appointment.