Get paid in USD, what bank should I use?

I've used RBC, TD, Tangerine but preferred TD of all of them.
My $ I'd convert would be via my own money changer (better than bank rates).

My work was in Latam, but I liked TD because they have branches in downtown NYC, Boston and even Atlanta

If you need to pay you into a US based bank, then I would open a TD AMCB account down there, as they offer free transfers to TD Canada for free. Convenience acct they have requires a $100 mmb and waives the fees. You can do all of the account opening online.

Open account with any of the major Canadian banks that have US based operations [TD, CIBC, RBC, BMO, Desjardins, etc.].

Have the pay in USD deposited to that account and then transfer USD [most banks allow free] to a USD account in Canada. You can then decide to convert if want to and if substantial amount [more then 10k] then look up Norbert's Gambit.

Other option, though slower, is to get paid in USD cheque if possible and deposit into a USD account in Canada. You can then decide to convert if want to and if substantial amount [more then 10k] then look up Norbert's Gambit.

Some banks have American accounts with better exchange rates so the payment can go there directly by Direct deposit or you can use some of the other options mentioned above, depending on the type of payment PayPal can be used as well then you can spend from there or send it to yourself from there.

BMO harris accounts based in usa have no fees. Easy to transfer funds to BMO Canada accounts in 1 biz day via online banking.

Use Wise for the best exchange rate to hassle ratio

asbraich wrote: ↑ Use Wise for the best exchange rate to hassle ratio

I second Wise. Wise's multicurrency account acts like a bank account and will give you an ACH account number that allows you to receive payment in US dollars from a US bank (and other banks around the world for that matter). From there you can exchange and transfer freely to your bank. It saves the hassle of having a separate US dollar bank account.

Any US branch of a Canadian bank will do. TD, BMO, RBC, and CIBC all have American wings with plans for Canadians. I personally use TD.

Use Wise for conversion and sending money from your US account to Canada. They offer far better rates and are transparent with their fees.

Also agree with using Wise, they will have the best rates by far.

The only issue is that depending on your bank and amount you're transferring into your local account, they may ask for a receipt each time showing that money actually belongs to you and where it's coming from.

georvu has the correct answer, unfortunately as is often the case on the internet, the answer with the fewest upvotes is the correct one. for larger amounts this will yield significantly lower trading costs than all other solutions mentioned