Canadian dollar accounts in the US
Moderator: Mark T Serbinski CA CPA
Canadian dollar accounts in the US
Are there any places in the US that have Canadian dollar accounts?
I've not heard of any. Of course, if the reason is to make a 'killing' on the currency, you've missed the boat. the C$ has likely peaked (or at leasdt will not be going up 10% in 2 weeks any time soon).
If its for convenience, a Cdn-based account suffice. Set one up next time you are in canada.
Or, you could by a Cdn stock.
If its for convenience, a Cdn-based account suffice. Set one up next time you are in canada.
Or, you could by a Cdn stock.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
I believe that some of the banks in border states offer $Can accounts.
I worked for HSBC in upstate NY 2004-2005 and I believe clients could have savings accounts in $Can, although you had to prove you were a legal U.S. person or corporate entity.
I worked on the brokerage side and we could not deal with Canadian funds.
Arteeh
I worked for HSBC in upstate NY 2004-2005 and I believe clients could have savings accounts in $Can, although you had to prove you were a legal U.S. person or corporate entity.
I worked on the brokerage side and we could not deal with Canadian funds.
Arteeh
Arteeh