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Re: Canadian Accounts with USA banking?
 

FWIW BMO is primarily a Canadian bank.. They have a US side too but perhaps that's the explanation?

Re: Canadian Accounts with USA banking?
 

Yes via the Harris bank. Look up "BMO Harris". You can open US accounts through a BMO branch. Takes some paperwork of course, they mail you some forms but then you're good to go.

Got 3 bank accounts and 3 debit MC's with them. Blling address still in Canada

Re: Canadian Accounts with USA banking?
 

I have been a strong advocate for BMO Harris Bank for years - I have been using them for US bank

Re: Canadian Accounts with USA banking?
 

Do you know of any other similar solutions for Canadians?

Need more US accounts but don't want to raise any flags with Harris

Re: Canadian Accounts with USA banking?
 

Without having to go to the USA for physical signing/showing ID...I only know of TD Bank USA but it's not the greatest for stealth, sad to say.

Other banks require you to go into the USA (from what I have explored)

Re: Canadian Accounts with USA banking?
 

TD Bank USA provides a US account with routing number?

Opened a "US account" with Scotia through online banking.. Still got a Canadian bank account, just that it accepts USD lol

Re: Canadian Accounts with USA banking?
 

TD Bank US does provide US accounts with routing number :)

Scotiabank Canadian account accepted the USD with conversion? Doesn't work like a true US bank account though

Re: Canadian Accounts with USA banking?
 

Without conversion. From there you can set up a service like Shift Connect and convert to CAD at a good rate

But yeah if you give that bank account to Amazon US, I think they'll do the conversion before wiring which sucks.

Btw what do you mean by "not great for stealth"?

Re: Canadian Accounts with USA banking?
 

TD Bank USA has caused issues with not accepting deposits in stealth names (unlike TD Bank Canada which is great for Canadian stealth accounts)

Re: Canadian Accounts with USA banking?
 

BMO Harris works great at least.

Do you know any good USD cash back CC except for the Rogers one?

The TD one is kind of a joke

Re: Canadian Accounts with USA banking?
 

Canadian banks don't use routing numbers in the same as US banks do - different setup.

@JimJim, USD cashback cc - not sure about the cashback aspect but I use a CIBC USD CC

Re: Canadian Accounts with USA banking?
 

Fair enough.

Re: Canadian Accounts with USA banking?
 

Nobody said that CA banks had the same type of routing numbers as US ones...

Re: Canadian Accounts with USA banking?
 

SWIFT codes are universal banking codes not necessarily the "routing number" concept

Re: Canadian Accounts with USA banking?
 

Hi RSOT - I am thinking about opening another Canadian bank account but is it really true that TD Bank Canada accepts stealth name deposits? I never had a TD bank account so this will be my first. thanks !

Re: Canadian Accounts with USA banking?
 

TD bank does work for stealth deposits :) I use it

Re: Canadian Accounts with USA banking?
 

@rsot thank you so much.....does it matter if I open a checking account or savings? I don't have any account with them only credit card....does the stealth name shows up in the bank deposit to raise any concern? thanks !

Re: Canadian Accounts with USA banking?
 

I have used both checking and savings accounts - both work well for the deposits. Be careful of too many transfers out of savings accounts if you use them because of fees involved.

Your name doesn't show up on withdrawal from pp - it can show if you upload funds to PP however...so don't do that as a precaution

Re: Canadian Accounts with USA banking?
 

thanks @rsot ….the reason because I ask my RBC USD account in Canada shows stealth name in each bank transfer from paypal ….the bank statement shows DEPOSIT then the stealth name.

Re: Canadian Accounts with USA banking?
 

bank statement will show the stealth name, true - paypal doesn't see your true name since money comes FROM pp - if you were sending money FROM your bank account, pp would see the true name.

The name shown is always FROM source - so pp is sending your money in your stealth name to your bank

Re: Canadian Accounts with USA banking?
 

@rsot thanks....I mentioned this only because if you go to a bank for some banking and the rep pulls your data they will see this deposits in different names and sometimes ask question as to who this person is and why am i using this account for third party transactions....so far no big issues for me yet but u may never know. not sure what story I am going to come up with next time :)

Re: Canadian Accounts with USA banking?
 

That's correct - if the rep sees weird names, he/she could question wtf is going on.

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