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How to bring CDN$ accounts to US

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boardercrosser Explorer

boardercrosser   8

Posted
Filed: IR-1/CR-1 Visa Country: Canada
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Posted

Hi ,

I am sure this has been addressed before but what is the best way to transfer your money to a US bank when moving from Canada. I am guessing getting a cashiers check in your name and going to a US bank and setting up an account that way. My wife has her CDN $ in her credit union in Canada and wants to keep some money there. I want her to set up with my bank in the states.

What is everybody out there doing to set up their finances?

Thanks in advance.

boarder

USCIS

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03-10-14 optin email accepted by NVC

03-11-14 DS-261 accepted by NVC

03-12-14 scanned and emailed AOS

03-12-14 invoiced and paid for IV fees

03-24-14 IV fees shown as paid

04-02-14 Received and Resubmitted AOS checklist

08-01-14 DS-260 completed and submitted by wife

10-12-14 IV docs scanned and emailed

10-14-14 NVC scan date letter recd 10/27

03-17-15 case complete

04-23-15 medical- Surrey BC

05-15-15 interview - Montreal

xx-xx-15 wife receipt of passport with US PR visa

xx-xx-15 wife in US

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chiggins82 Collaborator

chiggins82   88

Posted
Filed: K-1 Visa Country: Canada
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Posted

Do a search on this, there are lots of threads on this subject for Canadians. A lot of people set up cross border banking (RBC, TD both have these) where you can transfer funds between a Canada and US account easily. Others have used Canadian ForEx, PayPal and others to transfer large sums of money.

You can also get a cashier cheque and then bring it to the US, but I think many prefer cross border banking because there are no fees and it is faster. Cashier cheque will cost money to get and then may cost more money to deposit and can take a long time to clear.. At least this is from my understanding and research on the subject.

Definitely recommend searching on here though.. Many topics on this and other peoples experiences.

I switched my banking to RBC so I could cross border bank rather than close accounts or have to deal with moving money. Once I move to the US, I will change my account to a savings account only so I don't incur fees.

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04/21/2014: Submitted I-129F

05/29/2014: NOA2 via email

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03/15/2015: POE

04/01/2015: Married!! (L)

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boardercrosser Explorer

boardercrosser   8

Posted
Filed: IR-1/CR-1 Visa Country: Canada
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Posted

Hi Chiggins

Thanks for the reply.

I looked at RBC but there are no retail locations in California where I am. And my wife has little assets in Canada. I think the easiest for us is just to get a cashiers check and have her open a us account when she gets here. I doubt she will spend much time or business in Canada after she crosses. Certainly not more than once a year to cross on holiday only. Anyway thanks for your advice.

USCIS

07-23-13 NOA1

12-13-13 NOA2

NVC

01-14-14 case received by NVC

02-19-14 case number and IIN# assigned, gave NVC email add.

02-19-14 optin for electronic processing email sent

02-24-14 submitted DS-261

02-25-14 invoiced and paid for I-864

02-27-14 AOS shown as paid

03-10-14 optin email accepted by NVC

03-11-14 DS-261 accepted by NVC

03-12-14 scanned and emailed AOS

03-12-14 invoiced and paid for IV fees

03-24-14 IV fees shown as paid

04-02-14 Received and Resubmitted AOS checklist

08-01-14 DS-260 completed and submitted by wife

10-12-14 IV docs scanned and emailed

10-14-14 NVC scan date letter recd 10/27

03-17-15 case complete

04-23-15 medical- Surrey BC

05-15-15 interview - Montreal

xx-xx-15 wife receipt of passport with US PR visa

xx-xx-15 wife in US

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chiggins82 Collaborator

chiggins82   88

Posted
Filed: K-1 Visa Country: Canada
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Posted

No problem. I am keeping a Canadian account for taxes and for EI (potentially) Plus if anyone in Canada gives me money it will be easier to deal with this way. Plus no fees once I get there as I will change my account type in Canada. There are not much options in the west if you want a brick and mortar bank to go to and cross border unfortunately. RBC is connected to PNC but everything is done by phone and online. Had I kept my other bank account that isn't tied to cross border banking, things take much longer and seemed to be a much bigger hassle.

If you are just closing one account and opening another, cashier cheque or Wiring the money probably best way.. Google ForEx Though, there was some info on here and apparently is cheap way to move larger amounts of funds. Heard about PayPal too, or western union is another way. There are some options out there.

--------------------------

K-1 Visa Timeline

--------------------------

04/21/2014: Submitted I-129F

05/29/2014: NOA2 via email

01/20/2015: Visa Received

03/15/2015: POE

04/01/2015: Married!! (L)

04/11/2015: Submitted AOS / EAD / AP

10/09/2015: Green Card Approved

07/20/2017: Submitted I-751 ROC

07/27/2017: NOA1 Received

10/14/2017: Biometrics Waived

10/27/2018: ROC Approved

 

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Dualie Rising Star

Dualie   185

Posted
Filed: Citizen (apr) Country: Canada
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Posted

I am using RBC as well. I have several RRSPs and a pension, as well as CPP (eventually) that will need to be deposited into a Canadian account. Very easy to move money through RBC Can to RBC US. I have linked our Wells Fargo account with the RBC US one for this purpose.

ROC

01/18/2017   Sent in I-751

01/26/2017   Check cashed

01/28/2017   Received NOA dated 01/20/2017

02/16/2017   Biometrics done

10/24/2017   Traveled to Minneapolis for I551 stamp

02/26/2018     Case received by Field Office - S. Paul

05/012018     Case transferred to another USCIS office for processing 

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02/21/2018     Biometrics walk-in

 

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Flames9_RN Grand Master

Flames9_RN   358

Posted
Filed: IR-1/CR-1 Visa Country: Canada
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Posted

I am using RBC as well. I have several RRSPs and a pension, as well as CPP (eventually) that will need to be deposited into a Canadian account. Very easy to move money through RBC Can to RBC US. I have linked our Wells Fargo account with the RBC US one for this purpose.

Make sure u report those RRSPs to the IRS when u move..on form 8891 at tax time

Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

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JustBreathe Community Regular

JustBreathe   22

Posted
Filed: Lift. Cond. (apr) Country: Canada
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Posted

i have a credit union acct in Canada still and kept it with some money in it. I did get EI and those cheques were deposited in that acct. Made it easy.

I did a wire transfer for the majority of the money that was in the acct when I moved, and left some just for when I go visit, pay taxes on Ei, etc.

♥ Our K-1 Journey ♥
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Dualie Rising Star

Dualie   185

Posted
Filed: Citizen (apr) Country: Canada
 Timeline
Posted

Make sure u report those RRSPs to the IRS when u move..on form 8891 at tax time

Even if they are just sitting in Canada and I am not drawing anything from them yet?

ROC

01/18/2017   Sent in I-751

01/26/2017   Check cashed

01/28/2017   Received NOA dated 01/20/2017

02/16/2017   Biometrics done

10/24/2017   Traveled to Minneapolis for I551 stamp

02/26/2018     Case received by Field Office - S. Paul

05/012018     Case transferred to another USCIS office for processing 

N-400

02/02/2018    Filed N-400 online

02/05/2018    NOA online - NOA letter 02/09/2018

02/21/2018     Biometrics walk-in

 

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Flames9_RN Grand Master

Flames9_RN   358

Posted
Filed: IR-1/CR-1 Visa Country: Canada
 Timeline
Posted

Even if they are just sitting in Canada and I am not drawing anything from them yet?

Yeppers..still have to notify the IRS..You wil not get taxed on them..ur just notifying the IRS.....and I believe you have to contact the institution in Canada that is looking after them and tell them ur no longer a resident of Canada. I recall them sending me paperwork to fill out.

Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

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Dualie Rising Star

Dualie   185

Posted
Filed: Citizen (apr) Country: Canada
 Timeline
Posted

Yeppers..still have to notify the IRS..You wil not get taxed on them..ur just notifying the IRS.....and I believe you have to contact the institution in Canada that is looking after them and tell them ur no longer a resident of Canada. I recall them sending me paperwork to fill out.

I see, just so they are aware of POTENTIAL tax dollars...lol. It's all good. I just want to make sure that I do everything I am supposed to do. Don't ever want to piss off the IRS :)

ROC

01/18/2017   Sent in I-751

01/26/2017   Check cashed

01/28/2017   Received NOA dated 01/20/2017

02/16/2017   Biometrics done

10/24/2017   Traveled to Minneapolis for I551 stamp

02/26/2018     Case received by Field Office - S. Paul

05/012018     Case transferred to another USCIS office for processing 

N-400

02/02/2018    Filed N-400 online

02/05/2018    NOA online - NOA letter 02/09/2018

02/21/2018     Biometrics walk-in

 

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