Cross Border Banking
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Cross Border Banking

It is strongly advised in the CDLS and NORAD Welcome Books that you open a US bank account during your House Hunting Trip (HHT) to ensure expeditious transfer of funds for pay and rent. Using the Cross Border Banking options, gives you the ability to open your US accounts before you leave on your HHT through your local Canadian Branch; also, easing the number of tasks needing to be completed while you are on your HHT. There may be some documents that need to be filled out once you get to the US, but you can confirm that with your local branch, if you need one. One of the nice things with Cross border banking is that it may allow you to bank without needing a physical branch in your new city.

It can take several months or even years before your credit is established. Another option to obtain US Dollar credit cards, which has worked for other Canadians, is to get a CAA credit card (Canadian) before you leave Canada. Then once in the US, apply to have it transferred over to AAA, the US counterpart. You may also be able to use your Canadian credit with your Cross Border banking accounts and get a credit card through the bank.

There are several options to help get your banking sorted for your time in the US; however, the easiest way for many Canadians has been the use of Cross Border Banking, as it may alleviate the need to have a physical branch. If you are going to use this option, it is best to begin the process before you move. TD Bank, BMO, and RBC all have cross border banking options where they can help you manage your affairs through their banks in both countries, usually from one banking website. See your local branch before you leave Canada to get details.