Banking in US and Canada

[albak]

Hello!

Those of you that get paid in USD but live in Canada how do you manage your banking expenses? Do you simply transfer the required amount of money per month from your US bank account to CAD or do you use a borderless banking account that allows you to convert between both currencies? are there any other strategies that work better?

We’re planning our move to Windsor shortly and would appreciate the help of this forum!

 

[Hurlabrick]

Hello!

Those of you that get paid in USD but live in Canada how do you manage your banking expenses? Do you simply transfer the required amount of money per month from your US bank account to CAD or do you use a borderless banking account that allows you to convert between both currencies? are there any other strategies that work better?

You can of course do either.

I know for a fact that RBC (and most of the other big Canadian banks) offer both CAD and USD accounts that you can easily transfer from one to another. We’re planning our move to Windsor shortly and would appreciate the help of this forum!