A U.S. chequing account is a great tool if you do business stateside and don’t want to be bothered with the exchange rate. Plus, you'll earn interest in U.S. funds.
Other good things to know:
- Interest is calculated daily and paid monthly in U.S. dollars.
- ATM withdrawal isn’t available.
- You can attach a line of credit to your account.
- Cheque images are included in monthly statements.
- Even though the account’s held in U.S. dollars, your deposits are guaranteed by the Credit Union Deposit Guarantee Corporation.
If you have questions about U.S. chequing accounts, or if you’d like to get one started, give us a call at info@alphaguarantees.com or book an appointment online. Stay on top of exchange rates with the help of our Foreign Exchange Calculator.