Linking Canadian bank USD savings account to Paypal
Can I link my Canadian bank USD savings account in Paypal. I just want to save all those crazy exchange rate and service charges. Thank you in advance
Aug 18th, 2010 1:10 pm
Aug 18th, 2010 1:24 pm
Aug 18th, 2010 1:36 pm
Aug 18th, 2010 8:26 pm
But does it send in USD or does it convert to CAD then RBC converts it back to USD? I was told that EFTs done in Canada can only be in CADs, regardless of the sending or receiving account type.
Aug 18th, 2010 9:09 pm
RBC Centura is pretty much a US bank with USD accounts
Aug 18th, 2010 9:23 pm
Aug 18th, 2010 9:33 pm
Aug 18th, 2010 9:43 pm
Actually, this is not quite right. You can make transfers from RBC Canada account (CAD) to RBC Bank (USA) account (USD) or vice versa without any intermediate step, and without any Canadian US dollar account. Perhaps it was different years ago, but these days it is really quite simple, and instantaneous.mikep wrote: ↑Aug 18th, 2010 9:33 pmI love my RBC US Bank account. When the CDN dollar goes up, I transfer money into it. When I am in the US I use that for my spending needs.
The only hassle with it, is you also need to have a US account at the RBC bank in Canada to transfer money online from your Canadian account to your US account.
So it looks like this to transfer money:
RBC Canadian Dollar Canadian account ->
RBC US Dollar Canadian account ->
RBC Bank (USA) US Dollar account
So a bit of a hassle since you have to do 2 transfer, but way easier once yo are down there. You can also get a US Visa (Great for gas stations in the US that make you put in a US zip code - I have mine tide to a US address) and they even gave me a US Line of credit.
Oh... and to the OP - I linked it up to a US Paypal account that I have had since the time when Paypal was only available in the US.
Aug 18th, 2010 10:00 pm
Aug 19th, 2010 3:50 am
Mar 1st, 2011 8:29 pm
Nov 24th, 2011 2:14 pm
It is sad, but it does not work anymore.AlphaScore wrote: ↑Mar 1st, 2011 8:29 pmRBC told me no. Paypal told me no. But you can do it. Here's how:
Get a Canadian RBC account that holds USD - e.g a USD account
Login to paypal
Click on "Profile"
Then in the lists at the bottom click "bank accounts"
Click the "Add" button
In the drop down menu for country select "United States" - yes I know you have a CDN account.
For The rest of the form:
Bank Name = Royal Bank of Canada
Routing number = 026004093 (this is the same for everyone with an RBC account)
The routing number is the key. Royal bank will tell you it's 021000021 but that doesn't work. Use 026004093 instead.
Account number: Transit#(five digits)Account#(7 digits)
Note you combine the two e.g. 066241234567
and do not include the institution number e.g. 003 for royal bank. DO NOT INCLUDE this.
reenter the account number same as above.
hit continue then wait for the deposits in your bank account (a few days) and then confirm the amount with paypal.
This probably works with other institutions too but the issues that hold you up are - having the correct US Routing number. Despite 5 calls to 5 different people and a visit to two RBC branches they always gave me the wrong routing number.
Also, do not include your institution number as you would with Canadian transfers.
Gave them a call, nice guy told me "unfortunately we have a limitation in our system, so only money receiving works, no money withdrawal".Cheryl Dupuis wrote:After reviewing your entitlements, it does allow you to receive and send eTransfers payments. Interac e-Transfer can only be sent from and received by a Canadian ATM-accessible deposit account.
If this is not what you were referring to, I am sorry. Please give us a call at the below mentioned number and one of my Online Banking representatives will be more than happy to help you over the phone. They are available 24 hours a day and 7 days a week.
Nov 29th, 2011 8:12 pm
Nov 29th, 2011 9:18 pm
Jun 20th, 2012 12:03 pm