Frustrated with trying to get money to the US!

[SapphireDreams 71]

With the RBC accounts thing.. say I get a physical US cheque err check, how would I deposit it into my account? The nearest branch is probably a 20 hour drive. I know this is probably a lame question.

For student loans.. guessing it's them not wanting to accept american checks? Could just money order it maybe?

I'd call them and see if they take money orders. I know that OSAP doesn't take US checks but I've never asked about money orders, I find them extremely inconvenient since I do all my banking online.

[sheeshkabelle 153]

It might be a good idea to get a savings account at a local credit union or bank for the occasional time you have to deposit a US check into an account and there isn't an RBC branch close by. Hardly anyone in the US uses checks anymore, they do EFT deposits into your account.

As far as paying Canadian student loans you can't do a payment online? If so just pay it out of the Canadian RBC account. Here you can set up your payments as auto debits, pay with the check card, or with a check (which is turned into an EFT)

Our credit card and vehicle loan is paid out of the Canadian account because it's through a Canadian Credit Union and has to be paid in CAD. The mortgage comes out of the US account, since it has to be paid in USD.

Edited October 27, 2011 by sheeshkabelle

[Rayoflight 10]

Ditto! I have the accounts already but I am not in the USA yet. I've already been transferring money over and I gave my fiance cheques from the USA account for wedding things etc. Should have transferred more though... the exchange rate is down now LOL

Another vote here for RBC. They are simple to deal with, easy to set-up, easy to transfer between accounts. Although I haven't moved down to the US yet, I have a Visa Check Card from my US account to use for my visits down there.

[Starburst 4]

When we had our wedding, I sent my dad money from the US for $20 (via my bank) and he sends me money down the same way (for xmas, birthdays ect.)

He uses Scotia bank if that helps. Takes two days!

[MissDinaDee 8]

With the RBC accounts thing.. say I get a physical US cheque err check, how would I deposit it into my account? The nearest branch is probably a 20 hour drive. I know this is probably a lame question.

For student loans.. guessing it's them not wanting to accept american checks? Could just money order it maybe?

I am pretty sure you can mail in your deposit. My husband has a business account that we do this for. I complete the deposit slip and send it off in the mail. I will be checking into this myself once I am closer to moving!

Good Luck!

[Krikit 1,165]

I do that.... mail Canadian cheques to Canada for deposit if I'm not going to be there physically. I don't even include a deposit slip. Just a covering letter and "For Deposit Only" written on the back of the cheque. With TD Bank (US) and TD Canada Trust you can now do wire transfers between the two at no cost.