us bank account

SergeP · Post by **SergeP** » Mon Dec 16, 2013 10:21 pm

Can anyone suggest a US bank that allows keeping open accounts for Canadian residents? I am talking about either saving or checking accounts as I will need them for future deposits from my 401 plan.
I have CapitalOne360 accounts but they require closing them if I move to Canada. I currently still live in US and do not have any problems keeping open accounts in Canada (with Scotia bank and with Bank of Montreal). But it seems different for US banks. Thank you.

rlb · Post by **rlb** » Tue Dec 17, 2013 10:08 am

If you are a US citizen who moves to Canada, I think it is unusual that they would require you to close the account. Try another bank. When we moved to Canada, HSBC gave us no trouble. Later, HSBC sold its western New York branches to a couple of other banks, and Key Bank has kept our account running smoothly. And yesterday one of our daughters, currently resident in Vienna (Austria) opened a US checking account with Bank of America in Buffalo NY, on a Christmas visit to this side of the pond.

rlb · Post by **rlb** » Tue Dec 17, 2013 10:19 am

And another possibility: TD Bank (USA) is owned by Toronto Dominion group in Canada, which also owns TD Canada Trust , one of Canada's largest banks. We use TD Canada Trust here in Canada. They have been advertizing heavily their "Crossborder Banking" facilities, although we have not (yet) taken advantage of them. If you have your banking here in Canada with TD Canada Trust, they will allow you to open a US bank account with a TD Bank (USA) branch, even without a visit there I believe, and freely move money between the Canadian and US accounts (you can see both at once in your web banking). There is no TD Bank branch in Hawaii (it is mostly east coast US), but perhaps you could either open account by mail, or wait until you move to Canada and work it from that side.

nelsona · Post by **nelsona** » Tue Dec 17, 2013 10:37 am

I understand not being able to open an account (especially without an SSN), but keeping one should be no problem. It is NOT illegal by any means, so it is just an ING issue.

I would simply not tell them, (since you have no physical connection with your account). You aren't breaking any rules whatsoever.

SergeP · Post by **SergeP** » Tue Dec 17, 2013 4:03 pm

Thank you for your replies. TD bank looks attractive with its cross-border services. I called them and it seems I can open an account on-line. No need to go to their branch.
If it is not illegal, I may also keep ING open and just provide a US mailing address for any future correspondence.

nelsona · Post by **nelsona** » Tue Dec 17, 2013 4:05 pm

Yup. I suspsect this is just ING wanting to throw some business to ING Canada.