I have received and activated my U.S Credit card. All that was required was my Canadian SIN and my Canadian Address is the billing address. LIke i said, the entire process was done online. Nothing was asked of me. I think i only had to submit a copy of my drivers license when i opened the initial RBC USD high interest savings account 3 months ago. so no new document was required of me.pmcd wrote: ↑ Don’t you have to have a SSN? Can you add a secondary US address to the RBC credit card, such as immediate family address? In fact, can you switch the billing address to that? It’s all very confusing as TD makes it quite difficult to obtain their credit card ( such as a rental agreement). Hopefully RBC is more flexible, especially for snowbirds who have somewhere to stay but do not have a formal rental agreement.
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- Gangsta101 [OP]
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- Fire
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Gangsta101 wrote: ↑ I have received and activated my U.S Credit card. All that was required was my Canadian SIN and my Canadian Address is the billing address. LIke i said, the entire process was done online. Nothing was asked of me. I think i only had to submit a copy of my drivers license when i opened the initial RBC USD high interest savings account 3 months ago. so no new document was required of me.
not all the retailer will accept your Canadian address credit card. Newegg and Bestbuy for example, some might.
- Gangsta101 [OP]
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I understand this. When i have used a Canadian credit card with Walmart.com, i have had to enter a partial postcode, US format.
Having said that, i believe i now understand the question ( I initially thought he was suggesting you needed a US address to 'acquire' the credit card). I guess you could always contact RBC and confirm that information.
- titaniumtux
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TD does not require a rental agreement, only requires a US address.pmcd wrote: ↑ Don’t you have to have a SSN? Can you add a secondary US address to the RBC credit card, such as immediate family address? In fact, can you switch the billing address to that? It’s all very confusing as TD makes it quite difficult to obtain their credit card ( such as a rental agreement). Hopefully RBC is more flexible, especially for snowbirds who have somewhere to stay but do not have a formal rental agreement.
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- Carmtastic
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- Jun 21, 2018
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Can you transfer money from US checking account to another US bank via something similar to e-transfer?
- titaniumtux
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Yes. You can setup external account linking for me to me transfers via micro-deposits.Carmtastic wrote: ↑ Can you transfer money from US checking account to another US bank via something similar to e-transfer?
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If they don't associate your card to an SSN, then I guess this card won't help to build a US credit history.Gangsta101 wrote: ↑ I have received and activated my U.S Credit card. All that was required was my Canadian SIN and my Canadian Address is the billing address. LIke i said, the entire process was done online. Nothing was asked of me. I think i only had to submit a copy of my drivers license when i opened the initial RBC USD high interest savings account 3 months ago. so no new document was required of me.
- zero_
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Can anyone confirm you can transfer US dollar from paypal to this account? I have been searching for one but as far as I can tell, none of the Canadian bank US dollar account have this capability.
- FatWallet
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Canadian banks don't do this. But their corresponding stateside US banks can do this via the ACH system; that takes a couple of days. Paypal can also add it immediately to US debit cards for $1.
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- adclker
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why not get BMO Harris Chq account (free allpoints atm all over) + RBC Bank (US) VISA?
and use BMO Harris to pay for US bill (like RBC Bank VISA)
you only have to open BMO Harris over the phone, and they will mail you paper work to sign
BMO Harris is free, no minimum balance and free allpoints ATM network, and free online transfer from BMO Canadian/US account, free welcome cheques
for transferring back from BMO Harris to Canada is not that easy, but i just write a US cheque to myself
and use BMO Harris to pay for US bill (like RBC Bank VISA)
you only have to open BMO Harris over the phone, and they will mail you paper work to sign
BMO Harris is free, no minimum balance and free allpoints ATM network, and free online transfer from BMO Canadian/US account, free welcome cheques
for transferring back from BMO Harris to Canada is not that easy, but i just write a US cheque to myself
- kaijujager
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If you don’t earn usd, whats the best and cheapest way to put in money from Canada?
- Shanks
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Knightsbridge or norberts Gambit(only available with RBC direct investing) are the cheaper ways to exchange currency.
- Gangsta101 [OP]
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All I can say is this, RBC specifically adds the US credit history building line as one of the benefits of getting the CC. Please note that there is a 3% charge on the credit card for non-US transactions. Meaning as long as you use the Card outside the US you incur that charge, even if the transaction is in USD
Canadian banks USD accounts cannot accept deposits from PayPal. Having said that, this is not a Canadian USD you, but a bonafide US chequing account. I have deposited and withdrawn USD from PayPal. This was the reason I set it up in the first place.
I would assume TransferWise. The fees are transparent and a lot better than what you get from the banks.kaijujager wrote: ↑If you don’t earn usd, whats the best and cheapest way to put in money from Canada?
- kaijujager
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Is can bank to paypal usd to usd account not competitive?
- Gangsta101 [OP]
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Someone hasn't had their morning coffee yet.kaijujager wrote: ↑ Is can bank to paypal usd to usd account not competitive?
Could you clarify?
- kaijujager
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Sorry, meant:
Is CANADIAN bank to paypal usd to usd account TRANSFERS not competitive?
- Gangsta101 [OP]
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1. PayPal will only pull CAD from a Canadian account. I assume you already know this.kaijujager wrote: ↑ Sorry, meant:
Is CANADIAN bank to paypal usd to usd account TRANSFERS not competitive?
2. That leaves us with pulling in CAD to PayPal, and then doing an internal PayPal conversion for which they charge 2.5 percent on top of "PAYPAL'S EXCHANGE RATE". For small amounts (less than 100CAD), this would be probably competitive. But above that, TransferWise offers you the mid-market exchange rate plus a fixed fee, making it more competitive.
Please note: it seems TransferWise will only deposit USD to a US based account, so Knightsbridge and Xe.com might be more your thing if you don't have a US based account
Also, In terms of speed, PayPal appears to complete all deposits in 3 days. I think all the others require a longer time frame to complete conversions and deposits
- wanton007
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I think this is going to suit my needs. I'm starting employment soon as a contractor with a US based company and they'll be paying me semi-monthly into a US account (which I still need to set up). After they deposit, I think I'll be using KBFX to withdraw that money, convert and then deposit it into my RBC CAD Checking account.
Is this the best set up? Anyone have other ways of doing the above? I'm not sure if I'll get the credit card option but I will have semi annually trips down to the US for meetings / retreats but most of the expenses should be covered while I'm down there.
Is this the best set up? Anyone have other ways of doing the above? I'm not sure if I'll get the credit card option but I will have semi annually trips down to the US for meetings / retreats but most of the expenses should be covered while I'm down there.
- FatWallet
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TD is your best bet. Open TD accounts here and there. If you're going to be working in the northeast / mid-Atlantic, even better as there are branches there. They have free checking (US spelling!) as long as you maintain $100 in the account. And you can transfer money back and forth between Canada / US accounts for free.wanton007 wrote: ↑ I think this is going to suit my needs. I'm starting employment soon as a contractor with a US based company and they'll be paying me semi-monthly into a US account (which I still need to set up). After they deposit, I think I'll be using KBFX to withdraw that money, convert and then deposit it into my RBC CAD Checking account.
Is this the best set up? Anyone have other ways of doing the above? I'm not sure if I'll get the credit card option but I will have semi annually trips down to the US for meetings / retreats but most of the expenses should be covered while I'm down there.
By the way, Transferwise is the cheapest bank to bank foreign transfer service.
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- wanton007
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The company is in San Fran and all my other daily banking is with RBC right now. But I'll look into TD as well.FatWallet wrote: ↑ TD is your best bet. Open TD accounts here and there. If you're going to be working in the northeast / mid-Atlantic, even better as there are branches there. They have free checking (US spelling!) as long as you maintain $100 in the account. And you can transfer money back and forth between Canada / US accounts for free.
By the way, Transferwise is the cheapest bank to bank foreign transfer service.
How fast is the turn around with TransferWise compared to KBFX? I was hoping for as fast as possible and same day FC transfer would be ideal.
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